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☆ Singapore's river-cleaning robots are producing 80% less carbon emissions than the human-powered boats they replaced
▼ + stars: | 2023-11-01 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +5 min

There are barista robots, construction robots, surgeon robots, and eldercare robots. And now another group of robots using 5G technology has entered the scene: river-cleaning robots. Weston Robot, a Singaporean company that develops robotic solutions, designed and produced the robots. The 5G cleaning robots replaced gas-powered boatsBefore the robots, people operating gas-fueled boats cleaned the waterways around Marina Bay. The IMDA said the robots, which run on a battery charge, can reduce carbon emissions by about 80% compared to the boats.

Persons: —, they're, Singapore's, Yanliang Zhang, Weston Robot, Zhang, IMDA Organizations: Service, Weston Robot, Infocomm Media Development Authority, Singapore's Ministry of Communications, Information, Weston, National University of Singapore, LTE Locations: Singapore, Marina Bay, Marina

☆ Brazil's QI Tech raises $200 million in General Atlantic-led round
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 31 (Reuters) - QI Tech, a Brazilian financial services provider to businesses, raised 1 billion reais ($200 million) in a Series B round led by General Atlantic to fund future acquisitions while preparing for a potential public offering, the company said on Tuesday. The Sao Paulo-based firm provides banking services and digital infrastructure for businesses. With the funds, QI Tech will be "very attentive to market opportunities," co-founder and Chief Financial Officer Marcelo Bentivoglio told Reuters. In addition to General Atlantic, the round was joined by Across Capital Partners, which already was a shareholder in the firm. QI Tech had also previously received investments from Singapore's GIC in a round that raised $50 million.

Persons: Marcelo Bentivoglio, Bentivoglio, Patricia Vilas Boas, Peter Frontini, Chris Reese Organizations: SAO PAULO, QI Tech, General Atlantic, Tech, Reuters, Across Capital Partners, Thomson Locations: Sao Paulo, Brazil

☆ Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
▼ + stars: | 2023-10-30 | by ( Monica Pitrelli | Harriet Akinyi | ) www.cnbc.com time to read: +5 min

A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel. "Governments can create the context, but businesses need to make the change," Shivdasani told CNBC Travel. Source: SonevaShivdasani said he decided to institute a guest environmental levy after the company measured its "scope 3" emissions. Shivdasani said that after Soneva determined that 85% of its carbon emissions were "scope 3" emissions, the company introduced the 2% carbon levy.

Persons: Sonu Shivdasani, Soneva, Shivdasani, that's, It's, it's, Eva, Soneva Shivdasani, Kelvin Law Organizations: CNBC Travel, Nanyang Technological University, CNA, Soneva, World Health Organization Locations: Maldives, Thailand, British, India, Myanmar, Darfur, Sudan

☆ Indonesia's GoTo reports significant drop in Q3 underlying losses
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, Oct 30 (Reuters) - Indonesia's biggest tech firm PT GoTo Gojek Tokopedia (GOTO.JK) reported 942 billion rupiah ($59.30 million) in underlying losses for the third quarter, a significant drop from last year's 3.7 trillion rupiah, the company said on Monday. The results came after the company reached a positive contribution margin since beginning of this year amid cost-cutting measures. "This was underpinned by a reduction in operating expenses as we eliminated redundancies and leveraged our technology to reduce costs," GoTo Group CFO Jacky Lo said in the statement. GoTo, which offers ride-hailing, e-commerce, and financial services, said its net losses for the period were at 2.4 trillion rupiah, a drop from last year's 6.7 trillion rupiah. ($1 = 15,885.0000 rupiah)Reporting by Stefanno Sulaiman; Writing by Stanley Widianto; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: GoTo Gojek Tokopedia, GoTo, Jacky Lo, Japan's, Stefanno Sulaiman, Stanley Widianto, Kanupriya Kapoor Organizations: Japan's SoftBank, Thomson Locations: JAKARTA

☆ As Singapore's aging population grows, businesses are courting older consumers
▼ + stars: | 2023-10-30 | by ( Audrey Wan | ) www.cnbc.com time to read: +7 min

Citizens aged 65 and above make up almost a fifth of Singapore's population in 2023. Nicky Loh | Bloomberg | Getty ImagesSINGAPORE — Singapore's population is aging fast. As the median population age increases, so do opportunities for Singapore businesses providing products and services for seniors. According to Aging Asia's Silver Economy Index 2020, Singapore shows the largest market potential for an aging population among 15 Asia-Pacific countries. Citibank estimates that consumers will likely spend more to treat and support the elderly, driving growth potential for health care and health services.

Persons: Nicky Loh, Kelvin Tan, Janice Chia, Tan, boomers, Vanessa Keng, Keng, —, Ng Li Lian, Ng Organizations: Bloomberg, Getty, SINGAPORE, Citizens, Asia's, Aging, Singapore University of Social Sciences, gerontology, Citibank, Kelvin Tan Singapore University of Social Sciences, Research, Singapore's Ministry of Health Locations: Singapore, Asia, Pacific, Aging Asia, SUSS

☆ Educated Gen Zers in China are choosing not to work. It could be a problem for the US economy.
▼ + stars: | 2023-10-29 | by ( Ayelet Sheffey | Huileng Tan | ) www.businessinsider.com time to read: +8 min

Youth unemployment in China hit a record high of 21% in May. It's a problem not only for China's economy — it could hurt the US, as well. China's economy is on shaky ground as it emerges from very strict lockdown pandemic measures. That's compared to the US youth unemployment rate of 7.4% in May. "The stakes are high for correcting these imbalances, given how important the youth population is to China's economy," the note said.

Persons: There's, —, China —, it's, China's, China — Benn Steil, Steil, Victoria University of Wellington Christian Yao, Alfred Wu, National University of Singapore's Lee, Wu, Goldman Sachs, they're, it'll Organizations: Service, Trade, National Bureau of Statistics, Weibo, China, Council, Foreign Relations, Victoria University of Wellington, China Macroeconomy, New York Times, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, NBC News Locations: China, decouple, Japan, United States

☆ Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut
▼ + stars: | 2023-10-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The logistics service provider traded at 11.84 Hong Kong dollars ($1.51) on Friday morning, after opening at HK$12. The HK$3.92 billion ($500 million) IPO is the second largest listing in Hong Kong this year, after premium Chinese liquor company ZJLD Group . J&T Express is listing in an uncertain economic environment, characterized by hiking inflation, high interest rates and ongoing conflict such as the Israel-Hamas war and Ukraine invasion. Hong Kong's global IPO ranking dropped to eighth following a historically slow third quarter," said KPMG in a report published on Oct. 9. "The IPO pricing is dropping significantly by more than 50% or even 70%."

Persons: Irene Chu, Ringo Choi Organizations: T Express, Hong, HK, ZJLD Group, KKR, SF Express, Temasek, T, KPMG, KPMG China, CNBC, Reuters . Companies Locations: Hong Kong, U.S, Sequoia, Israel, Ukraine, Asia, Pacific

☆ Singapore bank UOB sees stronger 2024 outlook, third-quarter net profit trails estimate
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: +1 min

The United Overseas Bank (UOB) building is pictured in the Raffles Place financial district in Singapore on August 10, 2023. Singapore's United Overseas Bank , or UOB, expected a stronger outlook for next year including better loan and fees growth, as it reported on Thursday a weaker-than-expected 1% drop in third-quarter net profit from a year earlier. UOB, Singapore's third-largest bank by assets, projected mid single-digit loan growth and double-digit fee growth for its 2024 outlook, versus low-to-mid single-digit loan growth and high single-digit fees growth for this year's outlook. UOB said July-September net profit dropped to S$1.38 billion ($1 billion) from S$1.40 billion a year earlier, mainly on the back of higher allowances for credit and other losses, as well as Citigroup integration costs. The profit was lower than the mean estimate of S$1.46 billion from four analysts polled by LSEG.

Persons: Wee Ee Cheong, UOB's, UOB Organizations: United Overseas Bank, Raffles, Singapore's United Overseas Bank, Citigroup, LSEG Locations: Singapore, Southeast, ASEAN

☆ U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia
▼ + stars: | 2023-10-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore's United Overseas Bank. But the bank remains optimistic about one key region. "The U.S. commercial real estate remains a hotspot, especially with the low occupancy rates that we have," Lee Wai Fai, chief financial officer of UOB told CNBC's "Street Signs Asia." "The other hotspots will be China, there [are] worries about the quality and whether they can manage the property uncertainty in China," he added. Lee added the world is heading into a more "uncertain environment" and the impact of higher-for-longer interest rates is starting to filter through the economy.

Persons: Lee Wai Fai, UOB, CNBC's, Lee Organizations: Singapore's United Overseas Bank Locations: U.S, China

Investors were also excited by Tuesday's approval of an additional 1 trillion yuan ($136.76 billion) of sovereign bond issuance. Drawing investors back into China's $10.5 trillion stock market, particularly the foreign buyers that have fled in droves this year, would stem further slides in a market which fell to its lowest since 2019 earlier this week. "China's central government is endorsing the stock market," said Qi Wang, chief investment officer of UOB Kay Hian's wealth management division in Hong Kong. Huijin last bought ETFs during the 2015 stock market crash, and during the money market liquidity crunch in 2013. Still, China's stock markets have to overcome earlier heavy selling from foreigners, burnt by Xi's previous crackdowns on internet companies and other sectors, and its earlier stringent zero-COVID policy.

Persons: China's, Huang Yan, QiuYang, Huang, Pan Gongsheng, Qi Wang, UOB Kay, Huijin, Fabiana Fedeli, Fedeli, Goldman Sachs, Samuel Shen, Ankur Banerjee, Brigid Riley, Vidya Ranganathan Organizations: Central Huijin Investment, Shanghai QiuYang, People's Bank of China, Sino, CSI, Huijin, China Asset Management Co, Singapore's United Overseas Bank, G Investments, Thomson Locations: SHANGHAI, SINGAPORE, Shanghai, China, Hong Kong, Tokyo

☆ After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard
▼ + stars: | 2023-10-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Public gaming companies currently hold cash and cash equivalents of $45.1 billion, according to a report from venture capital firm Konvoy. Publicly listed gaming companies had a fairly rosy year in 2023, on the whole. The VanEck Video Gaming and eSports ETF , which seeks to track MVIS Global Video Gaming & eSports Index, has climbed 20% in the year to date, according to Konvoy. Total venture funding into the video games industry in the third quarter of 2023 fell 9% quarter-over-quarter, to $454 million. That was when pandemic lockdowns were in full swing, and people had more time to spend playing video games indoors.

Persons: China's NetEase, hasn't, China's Tencent, Josh Chapman, Redmond, Chapman, Candy Crush, Konvoy's Chapman Organizations: Chesno Publicly, CNBC, Activision Blizzard, Electronic Arts, Nintendo, Bandai Namco, Public, Gaming, Esports, Big Tech, Microsoft, Google, Apple, Meta, Netflix, Sony, Activision, U.S, U.K, Markets Authority, Duty, Bandai Namco Entertainment Locations: Konvoy, Washington

[1/5] A view of the residential apartments in Country Garden's Forest City development in Johor Bahru, Malaysia August 16, 2023. The group hired PJT Partners (PJT.N) as financial adviser to lead discussions with Country Garden, two people with knowledge of the matter said. Ratings agency Moody's said on Thursday it could downgrade Country Garden's (2007.HK) 'corporate family rating' if the recovery prospects for its creditors weaken further. Moody's said Country Garden's senior unsecured rating of C was already at the lowest of its rating scale. Country Garden and Frasers did not immediately respond for a request for comment on that sale.

Persons: Edgar Su, PJT, Moody's, Frasers, Houlihan Lokey, Sidley Austin, Yeung Kwok Keung, Yang Huiyan, Yeung, Yang, Cao Jianglin, Garden's, China Evergrande, Scott Murdoch, Xie Yu, Clare Jim, Anousha Sakoui, Liz Lee, Lewis Jackson, Kim Coghill, Christopher Cushing, Jamie Freed, Lincoln, Miral Fahmy, Jane Merriman Organizations: REUTERS, HK, PJT Partners, Garden's, Australian Financial, Reuters, China International Capital Corporation, Finance, HSBC, China National Agricultural Development, SOE, Thomson Locations: Garden's, City, Johor Bahru, Malaysia, China HONG KONG, Garden's Australian, Melbourne, China, Shunde, Guangdong province, Sydney, Hong Kong, London, Beijing, Sydndey

CVC targets an IPO that would value the company at more than 10 billion euros, the people said, with the company placing around 10% of its share capital, one of the people said. The private equity firm's partners are not expected to sell stock through the IPO, the people said. Blue Owl, CVC, GIC and HKMA declined to comment. On-road payments provider DKV Mobility, in which CVC has a minority holding, decided to defer its IPO plans because of volatile markets, Reuters reported earlier this month. London-headquartered CVC, which oversees more than 160 billion euros in assets, is striving to transform itself into a diversified asset manager.

Persons: de, Singapore's GIC, Renk, DIF, Glendower, Pablo Mayo Cerqueiro, Elisa Martinuzzi, Barbara Lewis Organizations: REUTERS, Partners, Reuters, CVC, Hong Kong Monetary Authority, Kuwait Investment Authority, DKV Mobility, Thomson Locations: Amsterdam, Netherlands, Kuwait, London

☆ Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Officials from Singapore's financial regulator will review documents and interview personnel from Credit Suisse and other banks within weeks, Bloomberg reported, citing people familiar with the situation. The MAS and Credit Suisse did not immediately respond to a request for comment. Singapore police in August arrested 10 foreigners as the Asian financial hub investigates one of its biggest cases of suspected money laundering, with assets worth S$2.8 billion ($2 billion) seized. Reporting by Chandni Shah in Bengaluru; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Chandni Shah, Robert Birsel Organizations: Credit Suisse, UBS, REUTERS, Monetary Authority of Singapore, Bloomberg, MAS, Singapore, Thomson Locations: Zurich Switzerland, Bengaluru

☆ These are the 50 best bars in the world for 2023 — another Barcelona bar tops the list
▼ + stars: | 2023-10-18 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +6 min

SINGAPORE — Sips in Barcelona, Spain is the best bar in the world, according to this year's ranking by the 50 Best organization. The World's 50 Best Bars were announced at an awards ceremony in Singapore on Tuesday evening — the first time the ceremony was held in Asia. The annual ranking is published by William Reed Business Media, a U.K.-based company that also publishes "The World's 50 Best Restaurants" list — and in a first, "The World's 50 Best Hotels," published in September. The 50 Best organization has published an annual ranking of "The World's 50 Best Bars" since 2009, with London and New York dominating the lists ever since. Courtesy of The World's 50 Best Bars

Persons: William Reed, Sips, Marc Álvarez, Frida Calho, Sydney –, Madrid, Rome Hanky, Kitten, Scotland Mimi Kakushi, Renato, Simone Caporale, Röda, Apoorva Kohli Organizations: Sips, Mexico City, William, William Reed Business Media, CNBC, South America, United Arab Emirates, Barcelona Connaught Bar, South America Himkok, Greece BKK Social, Salmon Guru, Hong, Buenos Aires Röda Huset, SG Club, Cambridge Public House, Sons, Africa Scarfes Bar, Milan Carnaval, Bar, Athens Atlas, American, Asia Locations: SINGAPORE, Barcelona, Spain, Singapore, Asia, New York, Mexico, U.K, London, Sips, Europe, North, South, Australia, Dubai, United Arab, South America, Oslo, Norway, Seoul, North America, Paradiso, Paris, Limantour, London Alquímico, Cartagena, Columbia, Buenos Aires, Argentina, Athens, Greece, Bangkok, Pony, Salmon, , New York, Hong Kong, Rome, Rome Hanky Panky, Melbourne, Trova, Miami Baba, Rum, Athens CoChinChina, Berlin, Stockholm, Tokyo, Edinburgh, Scotland, United Arab Emirates, Middle East, Milan, Lima, Peru L'Antiquario, Naples, Italy, Mexico City, Firenze, Florence, , New Orleans, Gleneagles, Auchterarder, Röda Huset, New Delhi, Alquímico

☆ Singapore exports fall for 12th month in September but recovery seen
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Singapore's exports fell for a 12th straight month in September on a year-on-year basis as the trade-reliant economy grappled again with global headwinds on inflation and declining demand. Singapore's non-oil domestic exports, or NODX, fell 13.2% in September from the same month a year earlier, data on Tuesday showed, as both electronic and non-electronic exports to its top 10 markets declined. Last month's fall compared with a Reuters poll forecast of a 14.7% drop, and extended the 22.5% contraction seen in August. There were, however, some "green shoots" in some markets, said OCBC economist Selena Ling, adding that September's data suggested some stabilization.

Persons: Selena Ling Organizations: Singapore Authority, Port Locations: Port, Port of Singapore

The commission said it needed to review the impact on competition of the proposed acquisition in greater detail. "This means that Trans-cab drivers will continue to have the flexibility to earn through multiple ride-hailing platforms and pick up streethail rides," the Grab spokesperson added. The Grab spokesperson said both Grab and Trans-cab were committed to ensuring the benefits of an acquisition to commuters and they would help raise the overall standards of the industry. "Digitalising Trans-cab's fleet will improve driver productivity and taxi availability so that consumers can get a ride more easily," the Grab spokesperson said. The proposed acquisition comes as Singapore saw M&A activity fall 69% year-on-year in the first nine months of this year, according to LSEG data.

Persons: CCCS, Himanshi, Varun, Robert Birsel Organizations: Consumer Commission of Singapore, Transport Authority, Nasdaq, Trans, Thomson Locations: Southeast, Singapore, Bengaluru, Yantoultra

☆ Singapore hopes for substantial IPEF progress by APEC
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +3 min

[1/2] Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong attends "Google for Singapore", an event celebrating the company's 15th year in the country, at Google's office, in Singapore August 23, 2022. REUTERS/Edgar Su Acquire Licensing RightsWASHINGTON, Oct 13 (Reuters) - Singapore's deputy prime minister said on Friday he hopes for substantial progress in the U.S.-led Indo-Pacific Economic Framework for Prosperity (IPEF) discussions in time for next month's Asia Pacific Economic Cooperation (APEC) summit. "In areas like supply chains, green economy, digital economy; these are things that we are pursuing, and we hope certainly that there can be some substantial progress." The summit meetings of the 21-member APEC forum will take place in the week of Nov. 11-17 in San Francisco. "But I think we should maintain high ambition and hopefully down the road, in years to come, the conditions may change."

Persons: Finance Lawrence Wong, Edgar Su, Lawrence Wong, Joe Biden, Donald Trump, Wong, David Brunnstrom, Michael Martina, Sandra Maler Organizations: Singapore's, Finance, Google, REUTERS, Rights, Prosperity, Economic Cooperation, APEC, Washington's Center, Strategic, International Studies, U.S, Thomson Locations: Singapore, U.S, Asia, China, Pacific, United States, San Francisco

A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. In a move that surprised economists, the Monetary Authority of Singapore (MAS) said it would shift to a quarterly schedule of policy statements in 2024 from semi-annual. The MAS maintained the prevailing rate of appreciation of its currency policy band known as the Singapore dollar nominal effective exchange rate, or S$NEER. As part of the increased frequency of its policy statements, monetary policy will be reviewed in January, April, July and October instead of just April and October. Prior to April, the MAS tightened monetary policy five times in a row, including in two off-cycle moves last year.

Persons: Darren Whiteside, Chua Hak Bin, Chua, Selena Ling, Ling, Xinghui Kok, Kanupriya Kapoor, Martin Petty, Sam Holmes Organizations: Monetary Authority, REUTERS, Rights, Monetary Authority of Singapore, MAS, Singapore, Gross, Reuters, Thomson Locations: Singapore, Rights SINGAPORE

Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. Rebuilding the London nickel contract is clearly very much work in progress. FIXING NICKELOthers, meanwhile, are looking to muscle into the LME's nickel price discovery domain. The Shanghai market also took a big collateral hit from the London turmoil, volumes on its nickel contract collapsing by 53% last year relative to 2021. The blow-out of the nickel contract and the resulting near-death experience of both brokers and exchange have sapped confidence in the historical market of last resort.

Persons: Simon Dawson, Elliott, Nicolas Aguzin, Matthew Chamberlain, hasn't, it's, Ireland's, Kirsten Donovan Organizations: London Metal Exchange, REUTERS, U.S, Elliott Associates, Jane, Trading, Hong Kong Exchanges, HK, Bloomberg, London, Global Commodities Holdings, Abaxx Commodities Exchange, Canadian, Technologies Inc, Shanghai Futures Exchange, EV, CME, Reuters, Thomson Locations: London, Britain, London's, China, Shanghai, U.S

☆ Morning Bid: Rate jitters are back
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

[1/2] Produce is displayed at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. Thursday's U.S. consumer price data stoked expectations that the Federal Reserve is perhaps not yet done with monetary tightening. Markets are now pricing in about a 40% probability of a rate hike in December, versus a 28% chance before the report. In recent comments, Fed officials have cited rising bond yields as a factor that may allow them to end the rate hike cycle. But the latest data has brought some of the rate jitters back.

Persons: Sarah Silbiger, Ankur Banerjee, Edmund Klamann Organizations: Washington , D.C, REUTERS, Federal, JPMorgan Chase, Thomson Locations: Mount Pleasant, Washington ,, Ankur, Spain, France, Sweden, China, U.S, Asia, Pacific, Japan, Singapore's

WASHINGTON, Oct 11 (Reuters) - The U.S. says it has accepted an invitation to attend China's top annual security forum in late October, the latest sign of potentially warming ties between the two countries' militaries. The Pentagon did not say whom China had invited or who from the U.S. side would attend, and China's embassy in Washington also declined to give details. Before 2019, the U.S. often sent embassy defense attaches. CHINA'S DEFENSE MINISTERAs China's defense minister, Li typically would give a keynote speech at the forum and meet with delegations. Beijing has offered no official explanation about Li's fate and his disappearance raises questions about how this year's forum will be conducted.

Persons: Lloyd Austin, Austin, Li Shangfu, Nancy Pelosi's, China, China Chad Sbragia, Li, Sbragia, –, Xi, Liu Pengyu, Michael Martina, Idrees Ali, Don Durfee, Gerry Doyle Organizations: U.S, Pentagon, Reuters, China's People's Liberation Army, PLA, Beijing Xiangshan, Defense, Xi Jinping's Global Security Initiative, Washington, Thomson Locations: U.S, Washington, China, Beijing, United States, Taiwan, Russia, Austin

☆ Exclusive: Combat veteran is likely replacement for China's missing defence minister
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +7 min

China's defence ministry and State Council information office did not respond to requests for comment. If his departure is confirmed, Li will be the second senior minister to lose his job in recent months. Qin Gang was removed as foreign minister in July, one month after he was last seen in public. U.S. defence officials have long wanted to reestablish routine communications with counterparts directly involved in command decisions. Qin was made foreign minister in Dec. 2022 and Li became defence minister in March.

Persons: Carlos Garcia Rawlins, Liu Zhenli, Liu, Li Shangfu, Li, Qin Gang, Qin, Nancy Pelosi, Xi Jinping, Xi, James Char, Lloyd Austin, Alexander Neill, Willy Lam, Chang Dingqiu, Katerina Ang, Daniel Flynn Organizations: Political Consultative, REUTERS, Rights, Defence, Reuters, Russia, Joint Staff Department of, Central Military Commission, State, U.S . Department of Defense, ., CMC, Xiangshan, National, Committee, Communist Party's, U.S, Pentagon, People's, Army, Rajaratnam, of International Studies, Washington, PUBLIC, National Defence, Joint Staff Department, Pacific Forum, Jamestown Foundation, Xinhua, Air Force, Thomson Locations: Beijing, China, Rights BEIJING, United States, U.S, Taipei, ., Singapore, Honolulu, Vietnam

☆ My Uber rating was higher than my GPA. I landed my first job after tweeting that at Uber.
▼ + stars: | 2023-10-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Cherylyn Wee is a 32-year-old sales director who landed her first job after tweeting at Uber. That's when I tweeted at Uber, "My @uber rating is higher than my GPA. And my Uber rating was 4.9 out of 5. And that's how a tweet helped me land my first job, as a marketing coordinator at Uber Singapore. AdvertisementAdvertisementBe intentional with what you write onlineWee on her last day at the Uber Singapore office in 2018, which was also the day Uber exited the country.

Persons: Wee, tweeting, —, Cherylyn Wee, Uber, Cherylyn, I've Organizations: Service, Uber, Uber Singapore, Twitter Locations: Singapore, Uber Singapore

☆ CNBC Daily Open: Israel-Hamas war will have a limited effect on markets
▼ + stars: | 2023-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets shook off fearsU.S. stocks rose Monday despite a 4% spike in oil prices caused by the Israel-Hamas war. Booming digital economySingapore's digital economy contributed 106 billion Singapore dollars ($77.5 billion) to the economy last year, comprising more than 17% of gross domestic product. "Despite the recent tech sector lay-offs, the demand for tech jobs is likely to remain resilient," said the country's Infocomm Media Development Authority.

Persons: Russell, Goldman Sachs, Goldman Organizations: New York Stock Exchange, CNBC, Japan's Nikkei, Palestinian, Hamas, United Nations, Hong Kong, Singapore, Media Development Authority Locations: New York City, Israel, Asia, Pacific, Shanghai, Gaza

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