SINGAPORE – More people are turning to digital payments amid Covid-19, with the volume of PayNow transactions set to far surpass that of last year. It has already hit $64 billion in value from January
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How supply chain woes with a Singapore link became a life-or-death threat
NEW YORK (NYTIMES) – For much of this year, Joseph Norwood’s next breath was locked in a zero-sum competition with people eager to upgrade their iPhones. Mr Norwood has sleep apnea, meaning that he frequently
Read moreU.S. consumer inflation up 6.8% in past year, most since 1982
WASHINGTON — Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate in 39
Read moreSingapore's building of economic and other links key amid Covid-19 disruptions: Iswaran
SINGAPORE – Building on Singapore’s economic, digital and transport links takes on greater salience at a time when the Republic is dealing with disruptions caused by Covid-19, said Transport Minister S. Iswaran on Friday (Dec
Read moreVanishing ships underscore supply woes, crisis peak may be a mirage
LONDON (BLOOMBERG) – A line of more than 80 container ships waiting to dock at the ports of Los Angeles and Long Beach, California, was cut in half in late November – or so it
Read moreS’pore, UK agree on digital economy deal that will cut costs and red tape in trade
SINGAPORE – A new digital-trade deal with Britain will mean Singaporeans can soon enjoy cheaper goods and services from the United Kingdom. The two countries substantially concluded negotiations on the UK-Singapore Digital Economy Agreement on Thursday
Read moreAustralia weighs central bank digital currency, crypto rules
SYDNEY (BLOOMBERG) – Australia is weighing plans for a central bank-issued digital currency alongside the regulation of the crypto market as it seeks to overhaul how the nation’s consumers and businesses pay for goods and
Read moreUS job growth misses expectations in Nov
WASHINGTON (REUTERS) – US employment increased far less than expected in November, likely as millions of unemployed Americans remained home despite companies boosting wages, generous jobless benefits expiring and schools fully reopening. Nonfarm payrolls increased
Read moreUS companies battling rising prices and labour shortages: Fed survey
WASHINGTON (REUTERS) – The US economy expanded at a modest-to-moderate pace in October and the first half of November while firms grappled with rising inflation and a scramble to fill jobs amid labour shortages, a
Read moreOmicron variant raises new fears for pandemic-hit world economy
WASHINGTON (AFP) – Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to
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