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
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Australia 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
Read moreSingapore taking steps to mitigate challenges to sustainable financing: Indranee
SINGAPORE – Mobilising sustainable finance has its challenges, but Singapore is taking measures to mitigate them, said Minister in the Prime Minister’s Office Indranee Rajah on Monday (Nov 29). Speaking at a conference here, Ms Indranee said
Read moreNew Kranji facility attracts firms with high technical specifications
SINGAPORE – Beng Hock Mechanical Engineering will be moving next year into a new facility in Kranji, where the local company will implement new digital solutions projected to help it save between $150,000 and $220,000
Read moreAmericans are spending but inflation casts pall over economy
WASHINGTON — Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall. A raft of economic data issued Wednesday showed the economy on solid
Read moreSingapore overall inflation rises to 3.2% in October, highest in more than 8 years
SINGAPORE – Singapore’s overall inflation rose to a more than eight-year high in October, helped by higher car prices and housing rents, while core inflation climbed to its highest in nearly three years. Both benchmarks rose faster than
Read moreCOP26 outcome influenced by short-term pressures
SINGAPORE – Short-term pressures on governments to speed up economic recoveries weighed on the outcome of COP26, the Glasgow summit on climate change, said the World Bank’s vice-president for East Asia and the Pacific Manuela
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