Amazon to invest $9bn in Singapore to expand cloud services | Technology
Announcement comes after rival Microsoft last week unveiled major investments in Malaysia, Thailand and Indonesia. Amazon has announced plans to invest $9bn in Singapore to…
Boeing postpones launch of Starliner space capsule over valve problem | Space
Cancellation of inaugural crewed space mission comes as Boeing is under fire over safety record at its aviation arm. Boeing has called off the inaugural…
US officials probe allegations Boeing workers falsified inspection records | Aviation
Federal Aviation Administration says Boeing voluntarily informed officials that inspections may not have been completed. Air safety officials in the United States are investigating whether…
Australia’s Qantas to pay $79m over ‘ghost flights’ furore | Aviation
Competition watchdog says national carrier’s advertising of cancelled flights was ‘egregious and unacceptable’. Australia’s flagship airline Qantas has agreed to pay $120 million Australian dollars…
India elections turn spotlight on informal jobs for youth | India Election 2024
Ever since he can remember, Rohit Kumar Sahu knew he wanted to go to college and get a well-paying, white-collar job. His father delivered courier…
EU’s von der Leyen to urge ‘fair’ China competition in talks with Xi | International Trade
Chinese President Xi Jinping set to hold talks with Ursula von der Leyen and French President Emmanuel Macron in Paris. European Union chief Ursula von…
Use of Artificial Intelligence in the digital economy sector: opportunities and challenges
Technological developments are increasingly rapid and still make everyone always pay attention to developments. At the beginning of the emergence of technology known as the…
U.S. economy added a below-average 175,000 jobs in April
The U.S. economy created a below-average 175,000 jobs in April, according to a Friday report from the Bureau of Labor Statistics. Unemployment was 3.9%. File…
Wall Street Journal cuts Hong Kong staff, shifts focus to Singapore | Media
Company-wide memo says the newspaper is shifting its ‘center of gravity in the region’ to Southeast Asian hub. Hong Kong, China – The Wall Street…
After years of decline, a new generation of organised labour rises in US | Economy
Starbucks executives announced in February that they had agreed to negotiate pay raises and working conditions with a union representing 10,000 of the company’s baristas…
KFC Malaysia temporarily closes outlets amid Gaza boycott | Business and Economy
Franchise operator cites ‘challenging economic conditions’ amid local reports linking closures to boycotts of Israel. KFC Malaysia has temporarily closed some outlets in the country…
Apple iPhone sales plunge, as shares rise on dividend, stock buyback news | Technology
Sales of the iPhone fall 10 percent amid growing competition from Chinese rivals such as Huawei. Apple’s revenue has dipped for a fifth consecutive quarter,…
Turkey says it halts trade with Israel over Gaza aid access | Israel War on Gaza News
Turkey’s Ministry of Trade cites humanitarian crisis in Gaza for its decision to suspend imports and exports. Turkey has halted exports and imports to and…
Guyana: Further Growth Predicted For Booming Economy
Once regarded as the forgotten nation of South America due to its historically low levels of trade activity and remote geographical position, Guyana has morphed…
Gazprom falls to first annual loss in 20 years as trade with Europe hit | Business and Economy News
Results highlight the dramatic decline of Gazprom since Russia launched its full-scale invasion of Ukraine in 2022. Kremlin-owned gas giant Gazprom has said it plunged…
What is behind the insulin shortage in the US? | Business and Economy
Skye Murphy, who is 22 years old, has lived with type 1 diabetes since she was 14. In the past month, she learned that there…
Microsoft announces $2.2bn AI, cloud investment in Malaysia | Technology
Microsoft CEO Satya Nadella says firm will provide education and training to 200,000 people. Microsoft will invest $2.2bn in artificial intelligence and cloud infrastructure in…
US Fed keeps interest rates at 23-year high amid stubborn inflation | Inflation
US central bank keeps benchmark rate at 5.25-5.50% after series of economic reports undercut hopes of easing inflation. The US Federal Reserve has held interest…
Small businesses at growing risk of collapse as big businesses become more financially secure
In short: Credit reporting firm illion finds that the number of small businesses at risk of collapse has jumped by 20 per cent in a…
Microsoft to invest $1.7 bbn in AI, cloud infrastructure in Indonesia | Technology
Microsoft CEO Satya Nadella says investment will help Southeast Asia’s biggest economy thrive in ‘new era’. Microsoft has announced plans to invest $1.7bn in artificial…