Tag: All Regions

SINGAPORE – DBS Bank has agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to Tower Capital Asia, a private equity firm based in Singapore. The bank will retain a minority stake of 9.9 per cent in AXS, it said on Tuesday. It did not disclose the stake’s sale price. The deal is slated to…

NEW YORK – Standard Chartered is ramping up its bullish Bitcoin prediction, targeting as much as US$120,000 (S$161,000) by the end of 2024 – almost quadruple the current price – as increasingly cash-rich miners reduce their sales of the token. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and…

TAIPEI/BENGALURU – Taiwan’s Foxconn has withdrawn from a US$19.5 billion (SS26 billion) semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year to set up semiconductor and display production plants in Mr Modi’s…

  The remains of a German real estate tycoon who has been missing since July 4 have been found inside a freezer of a rental home in the Thai city of Pattaya, according to local authorities. Hans Peter Mack, 62, had been reported missing by his wife, 24-year-old Thai national Piraya Boonmak, a day after his disappearance. According to local…

A threat actor referred to as ‘RomCom’ has been targeting organizations supporting Ukraine and guests of the upcoming NATO Summit set to start tomorrow in Vilnius, Lithuania. BlackBerry’s research and intelligence team recently discovered two malicious documents that impersonated the Ukranian World Congress organization and topics related to the NATO Summit to lure selected targets. The attackers used a replica of the…

  WASHINGTON ― The White House on Monday told lawmakers it opposes a provision in the House’s annual defense policy bill that would create a special inspector general for Ukraine aid, modelled after the Special Inspector General for Afghanistan Reconstruction. The Ukraine inspector general was one of several provisions in the fiscal 2024 National Defense Authorization Act that the White…

  SAN DIEGO — A 14-year-old girl was found in the barracks at a California Marine Corps base last month, two weeks after her grandmother in San Diego reported she had run away from home, and a Marine was detained for questioning, officials said Monday. The Marine has since been released to his command while federal law enforcement officials investigate,…

Here we go again. It was only a month ago that Karl Bode wrote about Disney’s absolutely and totally cool process of removing a bunch of content from its Disney Plus streaming platform not because the content sucks and nobody liked it, but because it gets to play accounting tricks as to its assets in order to receive giant tax…

NATO Secretary-General Jens Stoltenberg says Turkey’s leader has agreed to have Turkish parliament vote on Sweden’s bid to join the defense alliance. The announcement came via a tweet after Stoltenberg met with both Turkish President Recep Tayyip Erdogan and Swedish Prime Minister Ulf Kristersson in Vilnius, Lithuania, on the eve of the NATO summit there. “Glad to announce that after…

NATO chief Jens Stoltenberg announces that President Erdogan agrees to forward Sweden’s bid to Turkey’s parliament. Turkish President Recep Tayyip Erdogan has agreed to back Sweden’s bid to join NATO after a year of blocking the move, citing Turkish security concerns. NATO Secretary-General Jens Stoltenberg announced on Monday that Erdogan agreed to forward Sweden’s membership bid to Turkey’s parliament. After…

As you’ll recall, Reddit CEO Steve Huffman whined about what he called the “landed gentry” among moderators of subreddits that were protesting his ridiculous extractive API changes. He insisted that perhaps things should be more democratic. In response, many subreddits took a vote on how subscribers to those subreddits wanted the mods to handle things, and many urged the moderators…

After a weekend of broiling heat waves in the Southwest and South Florida, more extreme heat is forecast to build throughout the week. Forecasters say residents of both regions should stay out of the sun as much as possible. Across the country, heat waves are getting hotter, lasting longer and becoming more unpredictable. Jeff Goodell, the author of The Heat…

“The US Department of State has finally turned into the ‘Ministry of Truth’ predicted by George Orwell and actually dictates to the American media what exactly they should write and say. In June, the Department of State issued instructions to major telecommunications holdings such as AT&T, Comcast Corporation, Graham Media Group, Nash Holdings, Newsweek Publishing, and The New York Times…

  Joe Biden blurted out to reporters on Sunday that his decision to send widely-banned cluster bombs to Ukraine was made because “we’ve run out of ammunition.” “Mr President– on cluster munitions, why now?” a reporter asked. “We’ve run out of ammunition,” Biden bluntly responded. Joe Biden wasn’t supposed to say the quiet part out loud: “We’ve run out of…

  According to the company, Spain imported 7,673 gigawatt hours (GWh) of liquefied natural gas from Russia last month, which accounted for 26.8% of the kingdom’s total purchases. From January to June, Spain purchased 41,145 GWh of LNG from Russia, Enagas added. Russia is followed by Algeria and the United States. Algeria exported to Spain 21% of the total amount…

BENGALURU – Nearly 900 Amazon workers at a warehouse in Britain will stage a strike for three days in the coming week over a pay dispute, labour union GMB said on Saturday. The strike will take place from July 11-13 at Amazon’s warehouse in Coventry, for two hours during the morning and two hours in the evening on the three…