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☆ I have fond memories of high school in America. I'm worried my daughter won't feel the same in Singapore.
▼ + stars: | 2024-05-17 | by ( Jason Erik Lundberg | ) www.businessinsider.com time to read: +5 min

I live in Singapore and lecture in the creative writing and publishing graduate program at Nanyang Technological University, but have also taught at the high school, undergraduate, and community college levels. In 2007, my now-ex-wife (a Singaporean citizen) and I decided to move to Singapore from the US. For the most part, I enjoyed my classes, as well as my extra-curriculars, which in high school consisted of marching band, French club, and physics club. It's possible that, in the 30 years since graduating from high school, my memories have become rose-colored, but I do remember feeling like I had a good balance between my school life and my personal life. The author gets concerned about the amount of pressure put on his daughter by teachers.

Persons: Jason Erik Lundberg Organizations: Service, Nanyang Technological University, Business, Straits Times, Ministry of Education Locations: Singapore, Oklahoma, North Carolina

☆ The US Navy's only forward-deployed aircraft carrier, USS Ronald Reagan, is leaving Japan after nearly a decade in the Pacific
▼ + stars: | 2024-05-16 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe USS Ronald Reagan, the only aircraft carrier in the US Navy forward deployed, or permanently stationed in another country, is leaving Japan after spending nearly a decade in the Pacific. Related storiesIn 2021, USS Ronald Reagan briefly left its forward-deployed position to provide air support during US withdrawal operations in Afghanistan. USS Ronald Reagan traveling through the Straits of Magellan, to San Diego, CA, in a transfer move. US Navy/Photographer's Mate 3rd Class Elizabeth ThompsonThe USS Ronald Reagan already had a history of cooperation with Japan prior to its deployment. "Whether it's aboard USS Ronald Reagan today or USS George Washington in the future, we will continue to strengthen those ties at all levels, on-shore and at-sea."

Persons: —, Ronald Reagan, Ronald Reagan Sailors, Daryle Cardone, Ronald Reagan's, Reagan, Photographer's, Elizabeth Thompson, USS George Washington, George Washington, Greg Newkirk, Anthony Wallace, Gerald R Organizations: Service, US Navy, Business, Nimitz, Carrier Strike, CSG, Fleet, USS, Japan, Self, Defense Force, Navy, Aircraft, Getty, Pacific . Aircraft, US, Pacific Locations: Japan, Yokosuka, China, Afghanistan, Magellan, San Diego , CA, Bremerton , Washington, Israel, Iran, Gaza, Pacific, Russia, North Korea

☆ A Great Lakes Pipeline Tangles Politics in Two Battleground States
▼ + stars: | 2024-03-27 | by ( Rebecca Halleck | Dionne Searcey | ) www.nytimes.com time to read: +1 min

An icy crust on the Straits of Mackinac is melting into slush atop a shimmering, narrow waterway prized for its beauty and its role in supporting the local economy. The fight over Line 5 in both Michigan and Wisconsin, where another section of the pipeline crosses the Bad River Reservation, could have sweeping implications for the power of states to regulate fossil fuels, for tribal sovereignty and for U.S.-Canada relations. Some or all of these issues are bound to surface in the upcoming presidential election. Both Wisconsin and Michigan are battleground states. And in either place the debate over Line 5 could complicate election-year politics, particularly as candidates compete to eke out any advantage with voters they can find, whether on environmental issues, fossil fuel reliance or jobs.

Organizations: U.S Locations: Mackinac, Lake Huron, Lake Michigan, Michigan, Wisconsin, Canada

☆ Singapore brokered a deal with Taylor Swift, so she wouldn't take the Eras Tour to other Southeast Asian countries. Now, a Philippines lawmaker is calling it out.
▼ + stars: | 2024-03-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewThere's a feud between Singapore and neighboring government officials — and it's all down to Taylor Swift. "Some $3 million in grants were allegedly given by the Singapore government to AEG to host the concert in Singapore. AdvertisementFans of US singer Taylor Swift arrive for the first of the pop star's six sold-out Eras Tour concerts at the National Stadium in Singapore on March 2, 2024. Taylor Swift performs at the National Stadium on March 2, 2024 in Singapore. He claimed he was told the Singapore government offered $2 million to $3 million per show in exchange for exclusivity.

Persons: —, Taylor Swift, Joey Salceda, Swift, Salceda, Rosland Rahman, Ashok Kumar, Srettha Thavisin, Angel Zhong Organizations: Service, Business, Philippines, Department of Foreign Affairs, Singapore, AEG, The Straits Times, Getty, GMA Network, Association of South East Asian Nations, Sky News, BBC News, CNA, Finance, RMIT University, Forbes Locations: Singapore, Philippines, Southeast Asia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Vietnam, Bangkok, Thailand

☆ Urban solar projects are becoming more common in Singapore. Here's how one company is powering the way forward.
▼ + stars: | 2024-02-23 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

EDP Renewables, a leading global renewables player, has its APAC regional headquarters based in Singapore. At street level, most people never see the solar revolution happening right above them — one that generates zero emissions and boosts Singapore's energy security. Singapore's solar ambitionsSingapore is in an obvious position to integrate solar into the national power grid. In 2023, EDP Renewables APAC greened Pulau Ubin's micro-grid with renewables. Singapore has 1 gigawatt (GW) of solar energy in operation, of which EDPR has more than 30% market share of fully-owned installed solar capacity.

Persons: Kris LeBoutillier, he's, Pedro Vasconcelos, Vasconcelos, EDPR, — Pedro Vasconcelos Organizations: EDP Renewables, Public, Housing & Development Board, JTC Corporation, Singapore Technologies, Singapore Authority, SolarNova, EDB, Renewables, EDP, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, Singtel, Jurong Port, Port, Straits, Johor, Malaysia, APAC, 1GWp

☆ A former flight attendant who said he slipped on a plane is suing Singapore Airlines for $1.3 million
▼ + stars: | 2024-02-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A former flight attendant is suing Singapore Airlines, citing an injury from unsafe work conditions. Durairaj Santiran said he slipped on a grease patch on a flight, and is now suing for $1.3 million. Singapore Airlines, however, said no such grease patch existed and disputed his claims. AdvertisementA former flight attendant for Singapore Airlines is suing the carrier for $1.3 million, saying it failed to provide a safe working environment that led to a career-ending injury. Durairaj worked as a flight attendant for Singapore Airlines from April 2016 to April 2021, according to the paper.

Persons: Durairaj Santiran, —, Durairaj, Ramasamy Chettiar, Kasturibai Manickam, Durairaj's Organizations: Singapore Airlines, Service, The Straits Times, Airbus, CNA, Durairaj's, Straits Times Locations: Singapore's, San Francisco, Singapore

☆ Chinese media claims it doesn't fear Taiwan's new weapons that can strike deep into China
▼ + stars: | 2024-02-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewTaiwan's new long-range cruise missiles are slow and easy to shoot down, Chinese media reports — claims whose truth depends on many unknowns. In the game, Taiwan used its missiles against the Chinese invasion fleet in the Straits of Taiwan, rather than striking ports. Could Taiwan's long-range cruise missiles penetrate Chinese defenses? As the Ukraine war has shown, subsonic cruise missiles can be intercepted by anti-aircraft missiles such as the U.S. Patriot and Russia's S-300. AdvertisementEither way, the technical capabilities of Taiwan's cruise missiles may not be the biggest issue.

Persons: —, Feng, Tien, Yun Feng, Mark Cancian, Cancian, Russia's, Masao Dahlgren, Dahlgren Organizations: Service, Business, Ordnance Industry Science Technology, China Morning, Missile, Center for Strategic, International Studies, Abrams, Missiles, US, CSIS, U.S . Patriot Locations: Beijing, U.S, China, Taiwan, Washington ,, Straits, Ukraine

SINGAPORE (AP) — After a U.S. senator grilled Singaporean TikTok CEO about his nationality and affiliation with the Chinese Communist Party, Singaporeans are complaining about ignorant — or even racist — views of their country. During the hearing, Chew was repeatedly questioned about his nationality and possible affiliations to the Chinese Communist Party by Sen. Tom Cotton, R-Ark. Chinese companies are required to set up Communist Party cells. “No Senator, again, I’m Singaporean,” Chew responded, visibly perplexed. Prior to joining TikTok, Chew worked for five years at Xiaomi, a Chinese smartphone company.

Persons: Shou Chew, Chew, Chinese Communist Party by Sen, Tom Cotton, ” Cotton, Cotton, “, ” Chew, “ McCarthy, Jojo Choo, ”, ” Choo, Fian Fazlie, “ He’s, ” Fazlie, Biden, Vivian Kao, Goldman Sachs Organizations: SINGAPORE, Chinese Communist Party, Chinese Communist Party by, Communist Party, Washington Post, Singapore, Straits Times, Fox News, U.S, “, DST Global Locations: America ., Singapore, China, Chinese, “ Singapore, TikTok, Xiaomi

☆ Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.
▼ + stars: | 2024-02-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Sultan Ibrahim Iskandar, 65, was declared king on Wednesday as part of the country's rotating monarchy. King Sultan Ibrahim Iskandar of Johor is photographed with his sister, Queen Tunku Azizah Aminah Maimunah Iskandariah, after his accession was announced in October 2023. MOHD RASFAN/AP ImagesSultan Ibrahim is head of the Johor royal family and is considered one of the country's wealthiest men. In May 2023, a video posted to the Johor royal family's TikTok account showed them dining at Istanbul Turkish Cuisine, a reservations-only restaurant in Horizon Hills, Johor. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony.

Persons: Sultan Ibrahim Iskandar, King Sultan Ibrahim Iskandar, Tunku Azizah Aminah, Iskandariah, MOHD RASFAN, Sultan Ibrahim, Sultan Ibrahim isn't, Ferrari Testarossa, HASNOOR HUSSAIN, Adolf Hitler, Hitler, Harley, Davidson, Tunku Ismail, Crown, Prince, of, of Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, Abdullah Ahmad Shah, Mahathir Mohamad Organizations: Bloomberg, Facebook, Getty, Mercedes, YouTube, Boeing, Guardian, U Mobile, Maharani Energy, Johor Darul, The Straits Times, Malaysian, Malaysia's Locations: Malaysia, Malaysia's, Johor, Malaysian, Kuala Lumpur, India, Istanbul Turkish, Horizon Hills, Johor Darul Ta'zim, Singapore, Forest, Manhattan, of Malaysia Sultan

☆ Why the West can't stop the Houthi rebels' missile attacks on ships
▼ + stars: | 2024-01-23 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

They enjoy three advantages that magnify their ability to create havoc, and make it difficult for the West to stop them. Bab el Mandeb is just 70 miles long and 20 miles wide, within easy range of land-based anti-ship missiles, drones and even howitzers firing extended-range shells. The Houthis also have Iranian-made anti-ship ballistic missiles with a range of around 300 miles, as well as drones. Even a giant aircraft carrier is hard to spot in the vastness of the ocean, and an anti-ship missile's onboard radar can only scan a small area . The Houthis claim they are only attacking Israeli ships out of solidarity with Gaza, though many of the ships have nothing to do with Israel .

Persons: Bab el, Quds Organizations: Service, U.S, U.S ., International Institute for Strategic Studies, US Locations: Red, America, Yemen, Europe, U.S . East Coast, India, East Asia, Suez, Egypt, East Coast, Bab, Eritrea, Djibouti, Iran, Saudi, Gaza, Israel, Persian, Tehran isn't, Vietnam

☆ I grew up always wanting to drive my own car. But I'm from the world's most expensive city to live in, and now I know I never will.
▼ + stars: | 2024-01-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.

Persons: —, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur

☆ These Middle East flashpoints could trigger regional conflict that impacts oil prices
▼ + stars: | 2024-01-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

There are several key flashpoints where the Israel-Hamas war could escalate into a regional conflict that has a material impact on oil, according to the firm. Those flashpoints are the Red Sea, Lebanon and Iraq, analyst Helima Croft wrote in a note to clients this week. Crude prices fell Tuesday despite renewed attacks by Houthi militants in the Red Sea over the weekend. Maersk stopped shipping through the Red Sea again and is rerouting vessels around the Cape of Good Hope in South Africa. Some 12% of global trade and about 3 million barrels of crude oil pass through the Red Sea per day, according to RBC Capital Markets.

Persons: Helima Croft, Croft, Adi Imsirovic, Imsirovic, Steven Schoenfeld, Schoenfeld, Goldman Sachs, Tehran's Houthi, Donald Trump ratcheted, Biden, Benny Gantz, Israel, Saleh al, Joe Biden, Trump, Qasem Soleimani Organizations: RBC Capital Markets, Maersk, West Texas Intermediate, CNBC, Tuesday, Traders, Investors, Center for Strategic, International Studies, U.S, Prosperity, U.S . Navy, U.S . Central Command, JPMorgan, Israel Defense Forces, Three U.S, Washington Locations: Israel, Sea, Lebanon, Iraq, Red, Danish, Libya, Russia, Ukraine, Iran, U.S, Yemen, The U.S, Mandeb, Aden, Britain, Hangzhou, South Africa, Suez, Asia, Europe, Hormuz, Islamic Republic, Tehran, Beirut, Croft, Erbil, Three

☆ Take a look inside Singapore's public housing estates, where 80% of the resident population resides
▼ + stars: | 2023-11-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

Singapore's public housing apartments are home to about 80% of the country's resident population. AdvertisementSingapore's skyline would not be complete without its candy-colored, high-rise public housing apartment blocks. In the US, public housing is intended for low-income families, seniors, or people with disabilities. AdvertisementIn Singapore, however, it's a different situation: Public housing units are where about 80% of the country's resident population lives. And in Singapore, public housing does not mean inexpensive housing.

Persons: —, I've, It's Organizations: Service, Housing Development Board, Straits Times Locations: Singapore, New York City

☆ Yemen's Houthi capture ship on suspicion of Israeli connection
▼ + stars: | 2023-11-20 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Adnan Amin / 500Px | 500Px | Getty ImagesYemen's Iran-backed Houthi militants have captured what they called an Israeli ship in the Red Sea and taken it to the Yemeni coast, calling all Israeli vessels a "legitimate target." He urged the international community to avoid working with Israeli ships or owned by Israeli individuals. "Yemeni armed forces confirm that they will continue to carry out military operations against the Israeli enemy until the aggression against Gaza stops," the spokesperson said. On Monday, Japan's top government spokesperson confirmed the capture of the Nippon Yusen-operated ship, Galaxy Leader, according to Reuters. It is not an Israeli ship."

Persons: Adnan Amin, Houthi, Yahya Saree, Benjamin Netanyahu's, Netanyahu, Nasser Kanaani Organizations: Gaza, Nippon, Galaxy, Reuters, Google, Republic News Agency, Islamic Revolutionary Guard Corps Locations: Iran, Yemeni, Tokyo, Saudi, Omani, Bahamas, Yemen, Turkey, India, Israeli, British, Israel, Straits, Hormuz, Tehran

☆ An Italian ski resort shut down by climate change plans to reopen with artificial snow. Not everyone is happy
▼ + stars: | 2023-11-18 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +8 min

Now, plans to build a multi-million-dollar ski facility on a snowless northern Italian mountain may prove equally challenging. The Lake Como town of Bellagio is among communities backing the reopening of ski facilities. Old turnstiles, ski lift pillars, and even a map of now-vanished pistes can still be found on the mountain. Snow could become even more scarce in the future as the impacts of the climate crisis accelerate. The first plans for the Monte San Primo ski area were passed and the money pledged in early 2022.

Persons: Matteo Colombo, ”, Roberto Fumagalli, Fumagalli, doesn’t, Monte, George Clooney “ We’ve, George Clooney, “, hasn’t, ” Fumagalli, Snow, Roberto Fumagalli ‘, Angelo Barindelli, Alessandro Fermo, It’s, won’t Organizations: CNN, Getty, World Wildlife Fund, Italian Alpine, Alamy, Hollywood, Protesters, Lombardy Regional Council, Facebook, Monte Locations: Messina, Venice, San, Lake Como, Bellagio, Monte San, Mauritius, Cardiff, Bristol, Italy, Ethiopia, of Africa, Lombardy, Monte San Primo

☆ Russia's 'ghost ships' could be targeted at a sea choke point in a bid to enforce the West's oil price cap
▼ + stars: | 2023-11-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Russia has been using so-called "ghost ships" to skirt the West's oil price cap. Russia sends millions of barrels of crude oil through a choke point at the Danish straits, per the outlet. AdvertisementRussian oil tankers could face a crackdown at a key choke point, according to the Financial Times. But Denmark could struggle to stop the ghost ships because of constraints on its own navy, according to maritime experts. Blocking commercial traffic in the Danish straits would come close to a declaration of war," Hans Peter Michaelsen, an independent defense analyst, told Reuters.

Persons: —, Hans Peter Michaelsen Organizations: EU, Financial Times, Service, European Union, KSE, Bloomberg, FT, UN, Reuters Locations: Russia, Denmark, Moscow, Saint Petersburg, EU, Danish

☆ Why oil is down since the Hamas-Israel conflict started and whether that can last
▼ + stars: | 2023-11-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +8 min

A risk premium should be present somewhere in oil prices, Papic wrote. "If the Hamas attack leads to a regional conflict in the world's most important oil producing geography, then oil prices should catch a bid… any bid. Beijing's crude oil imports rose in October, but the country's overall exports fell more than expected, indicating the global economy may be slowing. The biggest risk for oil prices is a decline in Iranian oil exports by 300,000 to 500,000 barrels per day, the bank cautioned. The U.S. House of Representatives last week passed a bill to harden sanctions on Tehran's crude exports in an overwhelming bipartisan vote following the Hamas' attacks.

Persons: Netanyahu, Marko Papic, Papic, Oil's, Ellen Wald, Wald, Ayatollah Ali Khamenei, Giovanni Staunovo, Staunovo, Joe Biden, Mike Rothman, Rothman Organizations: Brent, West Texas, Clocktower, U.S . Energy, UBS, OPEC, U.S . House, Iran's, Bank, World Bank, Gulf Cooperation Council, GCC, Washington, Cornerstone Analytics, JPMorgan Locations: Israel, @CL, Gaza, Yemen, Lebanon, Iran, Syria, China, U.S, Europe, Saudi Arabia, Russia, Strait, Hormuz, Ukraine, Riyadh, India, Japan, South Korea, Republic, Staunovo, Tehran, Gulf States

The man, whose name was redacted in the document, said he worked as a “political tracker” for America Rising. The police report links to two websites as potential employers, one at an America Rising corporation and one for an America Rising political action committee. The mansion on Mackinac Island is a summer residence for any Michigan governor in office. The governor's team would not confirm whether she was at the Mackinac Island residence on Aug. 26, citing security concerns. Her chief of staff said the August incident on Mackinac Island was considered “extremely serious,” in light of the previous criminal cases.

Persons: Gretchen Whitmer’s, ‘, It's, Whitmer, ”, ” Det, Aaron Sitko, Lori Dougovito, James Grady II, ” Whitmer, ” JoAnne Huls, “, Elissa Slotkin, Xavier Becerra, Slotkin Organizations: Michigan Gov, The Associated Press, America, America Rising, Michigan, Police, AP . State, Democratic U.S . Rep, Health Locations: LANSING, Mich, Michigan, Mackinac, ”, Brighton , Michigan

☆ An 87-year-old deal is keeping a lid on the naval war in Ukraine — for now
▼ + stars: | 2023-10-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Fighting between Russia and Ukraine in the Black Sea has picked up in recent months. The fighting is taking a toll on Russia's Black Sea Fleet, which Moscow can't reinforce. Russia's Black Sea Fleet hasn't been defeated, but its losses, including the sinking of its flagship, the Moskva, weigh more heavily on Russia's war effort because of a deal signed nearly a century ago that is preventing Moscow from bringing more ships into the Black Sea. The convention distinguishes between Black Sea powers — those with a Black Sea coastline — and non-Black Sea powers. "Initially it was thought that it was a big deal that some of the Russian warships were prevented from entering the Black Sea.

Persons: —, Russia —, hasn't, Sergey Ponomarev, US Navy Arleigh Burke, OZAN KOSE, Ben Wallace, Stringer, Turkey's, Volodymyr Dubovyk, Dubovyk, Sabina Joja, Joja, Constantine Atlamazoglou Organizations: Montreux Convention, NATO, Service, Fleet, Sea Fleet, AP, US Navy, Getty, Russian, REUTERS, Mechnikov National University, Middle East Institute, Washington DC, Fletcher School of Law, LinkedIn, Twitter Locations: Russia, Ukraine, Moscow, Montreux, Crimea, Moskva, Sevastopol, Rostov, AFP, Turkey, Baltic, Northern, Odessa's, Ukrainian, Turkish, Romanian, Iulia, Washington, Izmail, Ankara, NATO

☆ Middle East violence rattles markets, oil jumps
▼ + stars: | 2023-10-09 | by ( Reuters Staff | ) www.reuters.com time to read: +5 min

MARKET REACTION:- Oil prices surged, with Brent crude trading at $87.25 a barrel - up over 3% on the day. COMMENTS:MOHIT KUMAR, CHIEF EUROPE ECONOMIST, JEFFERIES, LONDON:“The coming days are likely to be driven by geopolitical risks, rather than fundamentals. “Second, OPEC countries do have spare capacity that they restrict willingly to maintain oil price at above $80 (per barrel), but they don’t necessarily think of tripling oil prices – which would only accelerate the energy transition. “This being said, potential retaliation against Tehran is a serious upside risk for oil prices. We will keep an eye on developments, but don’t speculate on a full-blast rise in oil prices for now.”

Persons: Mohammed Salem, Israel’s shekel, MOHIT KUMAR, JEFFERIES, ”, ” CHRIS BEAUCHAMP, Brent, WTI, CAROL KONG, JPY, ” MICHAEL HEWSON, ALVIN TAN, Blinken, “, ” IPEK OZKARDESKAYA, Israel Organizations: Oil, REUTERS, Brent, U.S, Treasury, British Airways, LONDON, Russo, COMMONWEALTH BANK OF, CMC, U.S ., OF, OF ASIA FX, RBS, SWISSQUOTE BANK Locations: Israel, Gaza, Egypt, Yom, EUROPE, Iran, Ukrainian, SYDNEY, Asia, Japan, Straits, Hormuz, OF ASIA, ” “, GENEVA, OPEC, U.S, Tehran

☆ U.S. stocks slip, oil surges on Middle East violence
▼ + stars: | 2023-10-08 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

"The risk is higher oil prices, a slump in equities, and a surge in volatility that supports the dollar and yen, and undermine 'risk' currencies," said analysts at CBA in a note. "A response by Iran in the Straits of Hormuz is the wild-card for oil supply and currency reaction." Any sustained rally in oil prices would act as a tax on consumers and add to inflationary pressures, which weighed on equities as S&P 500 futures shed 0.8% and Nasdaq futures lost 0.7%. The news from the Middle East could also sour the start of corporate earnings season with 12 S&P 500 companies reporting this week including JP Morgan, Citi, and Wells Fargo. Early Monday, markets seemed to think developments in the Middle East would lean against further Fed hikes, and perhaps hasten a policy easing next year.

Persons: Androniki, Israel, Brent, JP Morgan, Wayne Cole, Shri Navaratnam Organizations: Nikkei, REUTERS, CBA, Nasdaq, Citi, Reserve, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Iran, Straits, Hormuz, Gaza, Wells Fargo, China

☆ US stocks slip, Treasuries rise on Middle East violence
▼ + stars: | 2023-10-08 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

"The risk is higher oil prices, a slump in equities, and a surge in volatility that supports the dollar and yen, and undermine 'risk' currencies," said analysts at CBA in a note. In currency markets, the yen was the main gainer though moves were modest overall. The news from the Middle East could also sour the start of corporate earnings season with 12 S&P 500 companies reporting this week including JP Morgan, Citi, and Wells Fargo. Early Monday, markets seemed to think developments in the Middle East would lean against further Fed hikes, and perhaps hasten a policy easing next year. China also returns from holiday this week with a deluge of data including consumer and producer inflation, trade, credit and lending growth.

China claims “indisputable sovereignty” over almost all 1.3 million square miles of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. If they (China) close off the South China Sea, perhaps the next target may be the Straits of Malacca and then the Indian Ocean,” Teodoro said. But since taking office last year, Philippine President Ferdinand “Bongbong” Marcos Jr has taken a stronger stance over the South China Sea than his predecessor Rodrigo Duterte. Marcos has also strengthened US relations that had frayed under Duterte, with the two allies touting increased cooperation and joint patrols in the South China Sea in the future. As part of the Marcos administration’s commitment to boost the Philippines defense and monitoring capabilities in the South China Sea, Teodoro said further “air and naval assets” have been ordered.

Persons: ”, of National Defense Gilberto Teodoro Jr, “ It’s, it’s, Teodoro, “, ” Teodoro, It’s, Ferdinand “ Bongbong ” Marcos Jr, Rodrigo Duterte, Marcos, Defense Lindsey Ford, ” Ford, Aaron Favila, China “, Xi Jinping Organizations: Philippines CNN, CNN, of National Defense, Department of National Defense, Defense, AP Locations: Manila, Philippines, China, Philippine, South China, South, United States, Republic of, Beijing, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Ukraine, Russia, Malacca, China . Washington, Second, The Philippines

MADISON, Wis. (AP) — The Great Lakes’ frigid fresh water used to keep shipwrecks so well preserved that divers could see dishes in the cupboards. Quagga mussels, native to Russia and Ukraine, were discovered in the Great Lakes in 1989, around the same time as their infamous cousin species, zebra mussels. Scientists believe the creatures arrived via ballast dumps from transoceanic freighters making their way to Great Lakes ports. They consume so many nutrients at such high rates they can render portions of the murky Great Lakes as clear as tropical seas. After 30 years of colonization, quaggas have displaced zebra mussels as the dominant mussel in the Great Lakes.

Persons: Tamara Thomsen, Wayne Lusardi, ”, they're, quaggas, Harvey Bootsma, Edmund Fitzgerald, Gordon Lightfoot, Daniel J, Carl D, Bradley, Frank H, Moody, Brendon Baillod, Bob Jaeck, Baillod, Milwaukee's Bootsma, “, ” Baillod Organizations: Tuskegee, “, University of California, Riverside’s, Species Research, Biologists, University of Wisconsin, Milwaukee's, Freshwater Sciences, Tuskegee Airmen, Tuskegee Army Air Field, UW Locations: MADISON, Wis, Canadian, Ontario, ” Wisconsin, Superior, Lake Huron, Swiss, Russia, Ukraine, Great, Great Lakes, Lake Michigan, Lake Superior, Cedarville, Straits, Mackinac, Alabama, Madison, Trinidad, Algoma , Wisconsin, Michigan, Milwaukee, Detroit, Chicago, Toledo , Ohio

☆ A 20-year-old 'stay-at-home daughter' says 'girl math' means her $2,900 Cartier earrings are basically free
▼ + stars: | 2023-09-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

A woman in Singapore claims "girl math" means her Cartier earrings are basically free. "Anything is possible with girl math," Liem told The Straits Times. In her video, Liem said she is a "stay-at-home daughter" and that her father is an investor. AdvertisementAdvertisement"Anything is possible with girl math," Liem said to The Straits Times. She added that girl math, to her, could mean buying extra things to get free shipping, adding that people often justify exorbitant purchases.

Persons: Cartier, Chloe Liem, Liem, I'd, Van, Lorna Tan Organizations: Straits Times, Service, TikTok, The Straits Times, DBS Bank Locations: Singapore, Wall, Silicon

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