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Monthly Archives: July 2023

UK inflation rate slides to 7.9% in June, below expectations

Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, …

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Singapore’s clean image takes a hit as scandals rock the government

SINGAPORE – SEPTEMBER 11: Prime Minister and People’s Action Party (PAP) Secretary General, Lee Hsien Loong (L) and Dr Koh Poh Koon (R) celebrate after winning their seat for Ang Mo Kio Group Representation Constituency (GRC) on September 11, 2015 in Singapore. Suhaimi Abdullah | Getty Images News | Getty …

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Ukraine seeks to lure global firms from Moscow as Danone and Carlsberg assets seized

A bartender holds a glass of Carlsberg beer in a bar in St. Petersburg, Russia. Alexander Demianchuk | Russia Ukraine is urging global companies to divest from Russia and relocate to its war-stricken neighbor, as Moscow continues to seize the assets of foreign companies. Russian President Vladimir Putin signed a …

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U.S. climate envoy John Kerry hints at potential Xi-Biden meeting

U.S. special presidential envoy for climate, John Kerry, said U.S. President Joe Biden and Chinese President Xi Jinping could meet later in 2023. Florence Lo | Afp | Getty Images BEIJING — John Kerry, special presidential envoy for climate, said Wednesday that U.S. President Joe Biden and Chinese President Xi …

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TikTok Music launches beta testing in Australia, Mexico and Singapore

TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. Jaap Arriens | Nurphoto | Getty Images TikTok is launching its subscription-based music streaming service in Australia, Mexico and Singapore to a small group of test users on Wednesday. The expansion comes after …

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Older people to fill over 150 million jobs globally

A whopping 150 million jobs will shift to workers over the age of 55 by 2030, according to a new global study from Bain & Company.   In the Group of Seven countries, Bain predicts, older and experienced workers will make up more than quarter of the workforce by 2031. “That’s …

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North Korea ‘no interest’ in nuclear talks with the U.S.: Think tank

The U.S. has been working hard over the past year to engage with North Korea on denuclearization — but Pyongyang has shown no interest, said Victor Cha, senior vice president for Asia and Korea Chair at the Center for Strategic and International Studies.  “We can’t simply assume that because the …

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Cramer disagrees with PepsiCo’s recent analyst downgrade

CNBC’s Jim Cramer on Tuesday gave his take on Morgan Stanley’s decision to downgrade food and beverage giant PepsiCo after its second-quarter earnings report, saying he thinks the company could continue to outperform and that its latest results aren’t “as good as it gets.” Cramer admitted that PepsiCo’s high price-to-earnings …

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Homebuilder sentiment rises in July, but high mortgage rates hurt

Builder sentiment in the market for single-family homes rose 1 point in July to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. It marks the seventh straight month of gains and the highest level since June 2022. A reading above 50 is considered positive sentiment. …

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U.S. servicemember detained in North Korea after crossing border

A South Korean soldier in Panmunjom guards the border with North Korea on December 03, 2019. Stephan Schulz | picture alliance via Getty Images WASHINGTON — The Pentagon on Tuesday said it was aware that a U.S. servicemember “willfully” and “without authorization” crossed the inter-Korean border and is currently in North Korean …

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