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Singapore Airlines was ordered to compensate a couple for their malfunctioning business-class seats. AdvertisementSingapore Airlines has been ordered to compensate a couple who said their business-class seats malfunctioned, according to local media reports. They paid 66,750 rupees (about $800) for each business-class seat, India Today, India's most widely read weekly magazine, reported. On Friday, April 26, local outlets reported that a consumer-disputes commission in Hyderabad ordered Singapore Airlines to compensate the Guptas. Singapore Airlines is one of the world's few five-star airlines, according to the Skytrax ranking.
Persons: Ravi, Anjali Gupta, , Ravi Gupta Organizations: Singapore Airlines, Service, India Today, Business Insider, Qatar Airways, Emirates Locations: India, Singapore, Hyderabad, Deccan Chronicle, British, Indian, Telangana
Optimism in India's growth shows little signs of slowing, but policy continuity will be crucial if it wants to see strong growth in the next five years, Rob Subbaraman, Nomura's chief economist and head of global markets research Asia ex-Japan, said. India's elections are underway and Modi is widely expected to win a strong mandate for a third term in office. That projection is much higher than Nomura's growth outlook for China (3.9%), Singapore (2.5%) and South Korea (1.8%) in the same period. "With China's economy slowing, India is likely to be the fastest growing Asian economy this decade," Nomura said in a recent note. "Irrespective of the election outcome, policy continuity and a focus on macroeconomic stability are important growth underpinnings," the bank's analysts added.
Persons: Rob Subbaraman, Modi, Subbaraman, Nomura Organizations: Modi, CNBC, Bharatiya Janata Party Locations: Asia, Japan, China, Singapore, South Korea, India
Read previewHarvard researcher Dr. David Sinclair has found himself at the center of controversy within the longevity community. He's also earned his share of critics who say his research isn't always backed up by sufficient evidence. Animal Biosciences reissued a press release walking back the "reverse aging" claim. But scientists in the field say the issue is even more fundamental: There's no way to reverse aging, much less measure it. That means debates about the semantics of aging will only become more relevant to our daily lives.
Persons: , David Sinclair, Sinclair, He's, Dr, Nir Barzilai, Matt Kaeberlein —, Matt Kaeberlein, Barzilai, it's, it'll, Andrea Maier, Jeff Bezos, Peter Thiel Organizations: Service, Business, Street Journal, Animal Biosciences, Newsweek, The Academy for Health, Academy for Health, Academy, National Institute, Aging, MIT Technology, National University of Singapore, Longevity
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My husband and I are raising a blended family with three boys — 8, 13, and 15 — who each go to a different school with slightly different start times. Once the boys are off, my husband leaves for work, and I get started on my to-dos from the home office. The couple being cringe-y, as their youngest says, on a trip to New York City last fall without the kids. Sara LyleWe weren't together, pre-kidsMy husband and I were never a couple before having kids; we were with other partners.
Persons: , we've, Sara Lyle, It's Organizations: Service, Business, American Psychological Association, APA, New York City Locations: Colorado Springs, Caribbean, Denver, New York, Florida, New Orleans, New York City, France, Singapore, Southeast Asia
The recent gold rally is counterintuitive, as high interest rates typically make bullion less attractive. But billionaire investor David Einhorn has a theory that he shared in his latest investor letter. Einhorn suggests that gold's rally is potentially due to countries in the East buying gold from Western nations. To explain the strong run for gold, billionaire investor David Einhorn offered a potential theory in his latest letter to investors published this week. Others, like billionaire investor Ray Dalio, say gold can hedge risks stemming from high government debt levels.
Persons: David Einhorn, Einhorn, , there's, David Rosenberg, Ed Yardeni, Ray Dalio Organizations: Service, Federal, Greenlight, World Gold, People's Bank of Locations: China, People's Bank of China, India, Singapore
Chinese leader Xi Jinping oversees the inauguration of the Information Support Force of the People's Liberation Army at a ceremony in Beijing on April 19, 2024. The Information Support Force will be led by top generals from the now-defunct SSF. These functions will now be supervised at his level and not through the Strategic Support Force, which served as a middleman,” Wuthnow said. Though US intelligence officials said the balloon was part of an extensive surveillance program run by the Chinese military, Xi may not have been aware of the mission. Chinese leader Xi Jinping has scrapped the People's Liberation Army's Strategic Support Force, a branch he founded in 2015.
Persons: Xi Jinping, Xi, , Wu Qian, SSF, Bi Yi, Li Wei, Ju Qiansheng, Joel Wuthnow, ” Wuthnow, Joe Biden, didn’t, Xinhua News Agency James Char, Char Organizations: Hong Kong CNN, Strategic Support Force, Support Force, PLA, China’s Defense, Aerospace Force, Cyberspace Force, Central Military Commission, Logistic Support Force, Information, Force, People's Liberation Army, Xinhua News, Information Support Force, Xinhua, Pentagon, National Defense University, Aerospace Systems Department, Network System Department, Xinhua News Agency, Rajaratnam, of International Studies, SSF’s Aerospace Systems Department, , Communist Party, Taiwan Locations: China, Hong Kong, Beijing, Washington, United States, Singapore, Ukraine, Taiwan Strait, Taiwan
Yen at its weakest in decades as BOJ meets
  + stars: | 2024-04-26 | by ( ) www.cnbc.com   time to read: +3 min
The yen was parked by a 34-year low on the dollar and decade lows on other crosses ahead of a Bank of Japan meeting where interest rates are expected to stay low, while the dollar dipped elsewhere on softer-than-expected U.S. growth data. The yen , however, fell to its weakest since 1990 at 155.75 per dollar, tracking a sharp rise in U.S. yields as separate figures showed a surge in an inflation measure. The size and persistence of the yield gap has encouraging short yen positions and drives Japanese money into dollar assets such as Treasuries, weighing on the currency. The Bank of Japan already hiked rates at a landmark meeting in March where it ended years of negative interest rates. The New Zealand dollar was a touch firmer in Asia morning trade at $0.5960 and has gained in the previous four sessions.
Persons: , Shunichi Suzuki, Nathan Swami, I'm, Sterling Organizations: Bank of Japan, Japanese Finance, Bank of, Citi's, New Zealand Locations: Asia, Bank of Japan, Citi's Asia, Pacific, Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaza war: Most of the West remains silent on Israeli decisions, says Turkish ambassador to SingaporeBurcin Gonenli, Turkish ambassador to Singapore, says the majority of states in the West have been silent on developments such as Israel's decision to expand settlements in East Jerusalem, despite calling for adherence to international law in the Russia-Ukraine war and other global conflicts.
Organizations: Singapore Burcin Locations: Turkish, Singapore, East Jerusalem, Russia, Ukraine
When it came to having kids, I wanted a big, noisy family. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI wasn't always an only child; I became one when I was 4 and my brother, who was 18 months old, died. Desperate for my daughter not to be an only child, I couldn't give up. But my fears were unfounded, and we were blessed with a healthy baby girl — and a sibling for my daughter.
Persons: I've, , I didn't, didn't Organizations: Service, Asherman's Locations: Singapore, New York
A New Pacific Arsenal to Counter China
  + stars: | 2024-04-26 | by ( John Ismay | Edward Wong | Pablo Robles | ) www.nytimes.com   time to read: +15 min
They call it an encirclement of their nation and say the United States is trying to constrain its main economic and military rival. The United States also has a new security agreement with Papua New Guinea. On Wednesday, Mr. Biden signed a $95-billion supplemental military aid and spending bill that Congress had just passed and that includes $8.1 billion to counter China in the region. In addition, the United States continues to send weapons and Green Beret trainers to Taiwan, a de facto independent island and the biggest flashpoint between the United States and China. A swarm of Chinese militia and Coast Guard vessels chased a Philippine Coast Guard ship in the South China Sea last year.
Persons: Xi Jinping, Biden, Antony J, Blinken, Yuri Gripas, ” Ely Ratner, Xi, ” Kurt Campbell, Joseph Wu, , , Samuel J, Paparo Jr, Mr, Paparo, Carl Vinson, Richard A, Brooks, Trump, Lloyd J, Austin III, Chen Jining, Jes Aznar, David H, Berger, Obama, Tony Mcdonough, United States —, Admiral Paparo, China’s “ revanchist, we’re Organizations: Australian, U.S, Marines, United, Pentagon, Corps, Mr, White House, White, The New York Times, American, Marine, Green, China’s, Liberation Army, Seoul SOUTH, Pacific Command, People’s Liberation Army, Agence France, Nuclear Forces Treaty, Defense, Communist Party, Tokyo Okinawa, U.S . Navy, Coast Guard, Philippine Coast Guard, Marine Corps, Army, Philippines Luzon Partner, Australia Darwin Potential, NATO, Tomahawk Locations: Beijing, United States, Papua New Guinea, Philippines, Japan, Okinawa, Taiwan, Asia, Pacific, U.S, China, Shanghai, South China, South Korea, Guam, Washington, Manila, Taipei, People’s Republic of China, Palau, West Papua, Seoul, Tokyo JAPAN CHINA Taipei TAIWAN Hong Kong, GUAM philippines MALAYSIA INDONESIA JAPAN CHINA TAIWAN, philippines GUAM, INDONESIA Seoul, GUAM philippines, MALAYSIA INDONESIA, Philippine, Moscow, Tokyo, Ryukyu Islands, South, Philippines Luzon, Luzon, Spratly, Australia, Canberra, Singapore, Darwin, Australia’s, . North Carolina, Virginia, Perth, United Kingdom, Navy’s, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are different, we are unique:' Owner of Singapore's One°15 Marina is expanding the brand overseasArthur Tay, chairman and CEO of SUTL Group, talks about expanding his ONE°15 brand overseas so others can "understand the Asian ways of indulging in marine and yachting tourism."
Persons: Arthur Tay Organizations: SUTL
What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, , Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, , it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, , , Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael's plan to invade Rafah is 'not surprising,' says former Singapore diplomatBilahari Kausikan, chairman at the National University of Singapore's Middle East Institute, says "the Americans have made it clear many times, several times, that there is a limit to their patience, but that limit keeps being pushed."
Persons: Bilahari Kausikan Organizations: National University of Singapore's Middle East Institute Locations: Rafah, Singapore
Higher costs had the biggest impact on Asian businesses in 2023, even as they continued to grapple with a global economic slowdown and rising borrowing costs, according to a survey by UOB. Of those polled, 32% said they were impacted by high inflation, another 32% said they faced increased operating costs, while 24% said rising labor costs hurt their business, UOB's 2024 Business Outlook Survey reported. Still, about four out of 10 companies said they felt "very positive" about the business environment in 2023, while 32% said they were "somewhat positive," the survey showed. Some 35% of the companies polled said the business environment in 2023 declined compared to the previous year. To combat future headwinds, 30% of the companies said reducing business costs will be their top priority in the next one to three years.
Organizations: UOB, Survey Locations: Southeast Asia, Greater China, China , Hong Kong, Thailand, Vietnam, Malaysia, Singapore, Indonesia
Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.
Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, , Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills
Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC on Wednesday. For the first three weeks of April, Zeekr sold 500 more cars than Tesla in the province of Zhejiang, where Zeekr and its parent company Geely are based. Zeekr also slightly outsold Tesla in the province of Anhui, near Shanghai, and Guangxi, an autonomous region in southern China. The rapid rise of Chinese electric car companies, however, has also prompted the EU and U.S. to consider measures for protecting their own auto industries.
Persons: Andy, Elon, Tesla, Zeekr Organizations: China News Service, Getty, CNBC, EU Locations: Beijing, BEIJING, China, Europe, Latin America, Zhejiang, Anhui, Shanghai, Guangxi, Sweden, Netherlands, America, Hong Kong, Macao, Singapore
Malaysia may add a casino to Forest City, a mega-development that has turned into a ghost town. AdvertisementMalaysia's Forest City mega-development started with big ambitions and big money. Now, Malaysia is in talks with several high-profile investors to add a casino to Forest City, people familiar with the matter told Bloomberg on Wednesday. AdvertisementThe southeast nation's Prime Minister Anwar Ibrahim met with the heads of a Malaysian property development firm and a resort company at Forest City last week. Expensive, empty apartmentsA casino — which would only be the second in Malaysia — could help struggling Forest City.
Persons: , Anwar Ibrahim, Ibrahim Iskandar, King Ibrahim, Anwar, They're, Al Marjan Organizations: Service, City, Bloomberg, nation's, Forest City, Garden, Genting Group, Berjaya Corp, Business, United, United Arab Emirates, Las Vegas, downstate Locations: Malaysia, Forest City, Singapore, Malaysia's, Malaysian, Forest, Genting, Marielle, Johor, United Arab, Al, York City, York
I'm a working mom who incorporates solo trips into my business travel. a working mom who incorporates solo trips into my business travel. My heart skipped a beat, and my not-so-new best friend, "mom guilt," walked through the door. AdvertisementBut while traveling with children is fun, I missed the spontaneity and the flexibility of solo travel. The sense of calmness was a feeling I rarely find as a working mom, and I loved it.
Persons: I'm, , we've, I've, Spriha Srivastava, Lean, he'll Organizations: Service, British Psychological Society, Pew Research, Metropolitan Museum of Art Locations: New York, Manhattan, China, Angkor Wat, Cambodia, Singapore
Read previewCity of Baltimore officials on Monday accused the owner and manager of the ship that crashed into the Francis Scott Key Bridge of allowing the vessel to set sail despite it being "clearly unseaworthy." "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded," the court petition reads. Authorities found that the 984-foot ship lost power as it navigated toward the bridge, causing it to lose propulsion. The crew on board broadcast a mayday call just before impact, allowing traffic police to seal access to the bridge. AdvertisementMeanwhile, President Joe Biden has said that the federal government will fund the reconstruction of the Key Bridge, and has agreed to disburse some $60 million in aid to the region.
Persons: , Francis Scott Key, Dali, Grace Ocean, Baltimore Mayor Brandon Scott, Joe Biden Organizations: Service, Synergy Marine, Business, Baltimore Mayor, Grace, Synergy, Port, Authorities, National Transportation Safety Board, FBI, Washington Post Locations: Baltimore, Maryland, Singapore, Port of Baltimore, Sri Lanka, Patapsco
These caregivers can help children connect with the family's native tongue. "I definitely recommend it to families to help their children with their linguistic tools and global appreciation." Advertisement"We intentionally picked a Filipino caregiver who spoke Tagalog for live-in help because of how nurturing and outgoing the community is," Bhalla Mistry told BI. "Children who grow up multilingual often develop better communication skills and can switch between languages more easily," Bhalla Mistry said. Multilingual nannies can help children connect with their native tonguesMaria Olsson-Tysor of Orange County, California, hails from Sweden and only speaks Swedish to her children, while her husband speaks to them in English.
Persons: , Candi Vajana, Vajana, nannies, multilingualism, Jayna Patel, Patel, Natasha Bhalla Mistry, Bhalla Mistry, Bhalla, Maria Olsson, " Olsson, Tysor, Olsson Organizations: Service, Business, Montessori Locations: Miami, Singapore, London, COVID, Switzerland, Orange County , California, Sweden
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Gaza war has 'definitely dented America's image,' former diplomat saysKishore Mahbubani, distinguished fellow at the National University of Singapore's Asia Research Institute, discusses the war in Gaza and says there's "a gap between global public opinion and American public opinion."
Persons: Kishore Mahbubani Organizations: National University of Singapore's Asia Research Institute Locations: Gaza
Not only would that deal another huge blow to China’s tech ambitions, it would further deepen the divide between two digital worlds centered around the rival economic superpowers. Congress on Tuesday approved legislation that could compel ByteDance to sell TikTok or face a national ban. That leaves few options for ByteDance to secure the future of TikTok in the US, its biggest market with 170 million users. “This includes everything from who owns and operates data centers, to space-based internet satellites, to undersea cables and, of course semiconductors.”In that sense, the TikTok ban has its silver lining for Beijing. Growing challenges for Chinese appsThe TikTok legislation was included in a wide-ranging foreign aid package meant to support Israel, Ukraine and Taiwan.
Persons: Hong Kong CNN —, ByteDance, Joe Biden, TikTok, , , Alex Capri, Richard Windsor, Capri, Biden, Paul Triolo, ” Triolo, Wang Wenbin, CNN’s Marc Stewart, Triolo doesn’t, — CNN’s Wayne Chang, Marc Stewart Organizations: Hong Kong CNN, Foundation, National University of Singapore’s Business, YouTube, Google, Radio Free Mobile, TikTok, Technology, Albright, Commerce Department, Commerce, China’s, Foreign Ministry, Facebook, Apple Locations: China, Hong Kong, America, Beijing, Capri, , Asia, Israel, Ukraine, Taiwan, Silicon Valley, American, Bytedance, “ Beijing
Bernstein reiterates Tesla as underperform Bernstein said it still sees minimal positive catalysts ahead for Tesla following earnings on Tuesday. Bank of America upgrades Tesla to buy from neutral Bank of America said it sees a slew of "positive catalysts" ahead for Tesla shares following earnings on Tuesday. Citi downgrades Molson Coors to sell from neutral Citi said it's concerned about slowing growth. Citi upgrades SiriusXM to neutral from sell Citi said the risk/reward is now more balanced. Citi reiterates Amazon as buy Citi raised its price target on the stock to $235 per share from $215.
Persons: Piper Sandler, Piper, Bernstein, Tesla, underperform Bernstein, KBW, Wells, Citi downgrades Molson, it's, Oppenheimer, Domino's, it's bullish, DPZ, SIRI, Morgan Stanley, Morgan Stanley it's, GenAI, Guggenheim, Enphase, Jefferies Organizations: Tesla, Mizuho, Bank of America, of America, Packaging Corporation of America, Citi downgrades, Citi downgrades Molson Coors, Citi, TAP, Deutsche Bank, Deutsche, Computer, Micro, Sea Limited, fintech JV, Amazon, Disney, Atlanta Braves, Braves, Microsoft Locations: Singapore, BNPL
The City of Baltimore has said that the owner and manager of the cargo ship that brought down the Francis Scott Key Bridge last month are directly responsible for the accident and should not be allowed to avoid legal liability, according to court documents filed on Monday. The 985-foot-long ship hit the bridge in the early hours of March 26 after leaving the Port of Baltimore and losing power to its engine and navigation equipment. The bridge collapsed moments later, killing six construction workers, forcing the port to close and disrupting the shipping industry up and down the East Coast. In the meantime, the ship’s owner and operator, both based in Singapore, have asked a federal judge in Maryland to exonerate them from liability for any related losses or damages. In early April, lawyers for the ship’s owner, Grace Ocean, and its manager, Synergy Marine, said in a court filing that the accident had not resulted from “any fault, neglect or want of care” on the companies’ part.
Persons: Francis Scott Key, Grace Ocean Organizations: Port, Synergy Locations: Baltimore, Port of Baltimore, East Coast, Singapore, Maryland
Read previewAn already delayed British Airways plane that took off from Singapore landed back at the same airport five hours later after a technical fault forced it to turn back. British Airways Flight 12 circled Singapore for around four hours before landing back where it started. Advertisement"Planes are designed to land below certain weights," Business Insider previously reported. Advertisement"We currently do not have a revised departure time for your flight," British Airways said in an email to passengers at about 9:15 a.m. local time. However, that flight had to be canceled, as British Airways did not have any other aircraft available.
Persons: Organizations: Service, British Airways, London Heathrow, Business, Airbus, Flightradar24 Aircraft, Passengers, Singapore Changi Airport, Heathrow Locations: British, Singapore, Singapore Changi, London, Malaysia, Heathrow, Los Angeles
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