Thursday, April 25, 2024

Apr 26, 2024 - Daughter of Chinese steel-&-nickel tycoon buys S'pore bungalow for S$84 million

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TradeBriefs Editorial

From the Editor's Desk

Want Better GenAI Results' Try Speed Bumps


Generative AI has vast potential to augment our work, now and in the future, but there’s a very real danger of human workers ceding too much control to machines and becoming complacent about mistakes. Maintaining a “human in the loop” is often touted as the antidote to catching errors, but MIT senior lecturer and research scientist Renée Richardson Gosline says that people frequently overestimate their ability to find flaws in GenAI-produced content.

Continued here


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Singapore


Singapore
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply  
  


At the same meeting hosted by Vietnam’s coffee association, Nestle said the company had to source more beans from Brazil, Indonesia and India to maintain supply to its global factories. The country’s largest exporter – Intimex Group – said this month that Vietnam had to import around 200,000 tonnes of beans last year, a measure that has continued into 2024. BLOOMBERG


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Singapore


Singapore
A Chinese Firm Is America's Favorite Drone Maker. Except in Washington.  
  

A Chinese Firm Is America's Favorite Drone Maker. Except in Washington.
DJI is on a Defense Department list of Chinese military companies whose products the U.S. armed forces will be prohibited from purchasing in the future. As part of the defense budget that Congress passed for this year, other federal agencies and programs are likely to be prohibited from purchasing DJI drones as well.


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China firms investing abroad at fastest pace in 8 years  
  


But since the pandemic downturn, a lot of Chinese lending that financed infrastructure has gone sour – while countries in Africa and Asia are looking to restructure and lower their debts. That’s triggered a reversal in the flow of Chinese labor for construction investments. The number of Chinese workers in Africa fell almost two-thirds between 2015 and 2021, according to the International Monetary Fund. BLOOMBERG


Singapore
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA  
  

Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Islandwide, as at the end of Q1 2024, there was a total supply of about 1,125,000 square metres (sq m) gross floor area of office space in the pipeline, a tad below the 1,126,000 sq m in the previous quarter.














Singapore
South Korea's public finances no longer a credit rating 'strength', Fitch says  
  


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Singapore
Is the construction industry just a 'boys' club''  
  

Is the construction industry just a 'boys' club''
Copyright © 1995- $(document).ready(function () { var theDate = new Date(); $(\'#spanCopyright\').text(theDate.getFullYear()) }) Star Media Group Berhad [197101000523 (10894-D)]


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India 'confident' new EV policy measures will allow more foreign players to enter market  
  

India 'confident' new EV policy measures will allow more foreign players to enter market
India significantly lags other countries on charging infrastructure, \"with roughly 200+ EVs per commercial charging point in India, as compared to ~20 in the US and less than 10 in China,\" Bain highlighted in a report.


Singapore
Turkey is the latest country to launch a digital nomad visa--find out if you qualify and where to apply  
  

Turkey is the latest country to launch a digital nomad visa--find out if you qualify and where to apply
Want to make extra money outside of your day job' Sign up for CNBC\'s new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.


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U.S.C. Cancels Its Main Graduation Ceremony, Citing Security Concerns  
  

U.S.C. Cancels Its Main Graduation Ceremony, Citing Security Concerns
Stephanie Saul reports on colleges and universities, with a recent focus on the dramatic changes in college admissions and the debate around diversity, equity and inclusion in higher education. More about Stephanie Saul


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Army Begins Building Floating Aid Pier Off Gaza's Coast, Pentagon Says  
  

Army Begins Building Floating Aid Pier Off Gaza's Coast, Pentagon Says
The floating pier is being built alongside an Army ship off the Gaza coast. Army ships are large, lumbering vessels, so they have armed escorts, particularly as they get within range of Gaza’s coast, defense officials have said.


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Agent Removed From Harris's Detail After 'Distressing' Behavior  
  

Agent Removed From Harris's Detail After 'Distressing' Behavior
“The agent was removed from their assignment while medical personnel were summoned,” Mr. Guglielmi said. He added that Ms. Harris was at the Naval Observatory in Washington, where the vice president lives, during the incident and that “there was no impact on her departure from Joint Base Andrews.”


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Ukraine Could Use New Weapons to Hit Russian Targets in Crimea, Pentagon Says  
  

Ukraine Could Use New Weapons to Hit Russian Targets in Crimea, Pentagon Says
But more than two years into Russia’s invasion and occupation of Ukraine, Mr. Biden’s calculus has changed, administration officials said. As Congress spent months considering another aid package for Ukraine, its troops ran out of ammunition and equipment and lost territory to a slow but steady Russian advance.


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Severe Weather, Including a Tornado Risk, Is Forecast for the Central U.S.  
  

Severe Weather, Including a Tornado Risk, Is Forecast for the Central U.S.
The greatest threat for strong tornadoes returns to the central and southern Plains, again including Oklahoma City and Kansas City. Hail ranging in size from golf balls to baseballs could fall and damaging winds would be possible.


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U.S. to Withdraw Troops From Chad, Dealing Another Blow to Africa Policy  
  

U.S. to Withdraw Troops From Chad, Dealing Another Blow to Africa Policy
The impending departure of the U.S. military advisers from Chad, a sprawling desert nation at the crossroads of the continent, was prompted by a letter from the Chadian government this month that the United States saw as threatening to end an important security agreement with Washington.


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The ex-flight attendant who became the first female boss of Japan Airlines  
  

The ex-flight attendant who became the first female boss of Japan Airlines
\"I felt very uncomfortable because the company didn\'t feel like a private firm at all,\" Mr Inamori, who died in 2022, told me. \"Many former government officials used to get golden parachutes into the firm.\"


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One in Five Milk Samples Nationwide Shows Genetic Traces of Bird Flu  
  

One in Five Milk Samples Nationwide Shows Genetic Traces of Bird Flu
The findings also raise questions about how the virus has evaded detection and where else it might be silently spreading. Some scientists have criticized the federal testing strategy as too limited to reveal the true extent of viral spread.


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A key deadline for student loan forgiveness consolidation is just days away. Here's what to know  
  

A key deadline for student loan forgiveness consolidation is just days away. Here's what to know
You should be able to get a history of your payments at StudentAid.gov by looking into your loan details. You can also ask your servicer for a complete record. The payment history counts when your loans first entered repayment, not when the loan was borrowed.


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To the Sound of Gunshots, Haiti Installs a New Ruling Council  
  

To the Sound of Gunshots, Haiti Installs a New Ruling Council
Armed gangs — some of which are now working together — continue to attack neighborhoods, looting houses, kidnapping civilians, raping women and killing people at random, rights groups say. And the gang leaders have said they intend to do what they can to disrupt the current political process.


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Leaders of 18 countries urge Hamas to release hostages held in Gaza  
  


Hamas said in a statement that it had “offered flexibility” during the talks but blamed a lack of progress on “the intransigence and procrastination of Netanyahu and his government”. Demands for a permanent ceasefire, the withdrawal of Israeli forces and the return of Palestinians to northern Gaza remained the same, the group said.


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ByteDance would shut down TikTok in US rather than sell it, sources say  
  


Former US treasury secretary Steven Mnuchin has expressed interest in putting together an investor group to try to buy TikTok. ByteDance may struggle to attract any buyers for TikTok’s US assets excluding algorithms, the sources said.


Work
Jeff Bezos Has Been Predicting Amazon's 'Inevitable Death' For Years And Says Lifespans Of Large Companies 'Tend To Be 30-Plus Years' Not 100  
  

Jeff Bezos Has Been Predicting Amazon's 'Inevitable Death' For Years And Says Lifespans Of Large Companies 'Tend To Be 30-Plus Years' Not 100
Bezos’s transition to Florida also marked a shift in focus toward his aerospace company Blue Origin, which benefits from proximity to Cape Canaveral — a key location for launching and manufacturing rockets and spacecraft. This strategic relocation supports his vision for space exploration and Blue Origin’s expansion, which is expected to boost local investment and job creation.


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Alphabet shares jump 14% on earnings beat, first-ever dividend  
  

Alphabet shares jump 14% on earnings beat, first-ever dividend
The company has been investing heavily in artificial intelligence, adding generative AI features to search and other services to ensure that consumers continue using Google tools even as the way they seek information online changes.


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The Onion Is Sold by G/O Media  
  

The Onion Is Sold by G/O Media
The real-life Global Tetrahedron is owned by Jeff Lawson, a co-founder and former chief executive of the technology communications company Twilio. The chief executive is Ben Collins, who was a senior reporter at NBC News until recently.


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Michael Cuscuna, Who Unearthed Hidden Jazz Gems, Dies at 75  
  

Michael Cuscuna, Who Unearthed Hidden Jazz Gems, Dies at 75
Soon after that, he helped to revive Blue Note, which had been dormant for years. Working with Bruce Lundvall, who became Blue Note’s president in 1984, Mr. Cuscuna took charge of the label’s back catalog. He released unissued gold by John Coltrane, Art Blakey and numerous others, ultimately combing through the entire catalog and putting out virtually every lost track that seemed fit to be heard.


Work
A New Battery Warns Parents if Their Child Has Swallowed It  
  

A New Battery Warns Parents if Their Child Has Swallowed It
Ingested coin or button batteries result in thousands of emergency hospital visits each year, according to the U.S. Consumer Product Safety Commission, which notes that “the consequences of a child swallowing a battery can be immediate, devastating and deadly.”


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Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns  
  

Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
While the conflict in the Middle East presents upside pricing risks, the world could see relief if OPEC+ decides to start unwinding its production cuts this year. Oil prices would fall to an average $81 a barrel if the cartel brings 1 million barrels per day back onto the market in the second half of the year, according to the World Bank.


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3 Millionaire-Maker Biotech Stocks  
  

3 Millionaire-Maker Biotech Stocks
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and Iovance Biotherapeutics. The Motley Fool recommends Novo Nordisk. The Motley Fool has a disclosure policy.


Work
Taylor Swift's new song resonates with working women -- 'I cry a lot but I am so productive, it's an art'  
  

Taylor Swift's new song resonates with working women -- 'I cry a lot but I am so productive, it's an art'
This year, half of women who live with a partner and have children at home bear the most responsibility for child care, up from 46% last year. At the same time, 37% of women said they feel like they have to prioritize their partner\'s career over their own — another increase from 2023 — in part because their partner earns more but also due to societal or cultural expectations.


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Global heating and urbanisation to blame for severity of UAE floods, study finds  
  


“We have to stop burning fossil fuels and we have to redesign our cities,” said Friederike Otto, a senior lecturer in climate science at Imperial College London. “We must stop putting concrete everywhere. The reason for the fatalities is that there are almost no permeable surfaces at all, so the road turned into a river in a very short time. This builds a death trap.”


Work
Microsoft's heavy bet on AI pays off as it beats expectations in latest quarter  
  


It has been signing a series of high-profile AI deals. Two days before this week's earnings report, Microsoft announced that Coca-Cola had signed a five-year, $1.1bn contract with Azure for AI and cloud computing services. Last month, it announced a partnership with AI startup Mistral to offer access to the French company's models Azure.


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Supreme Court appears skeptical of Trump's blanket presidential immunity argument   
  

Supreme Court appears skeptical of Trump's blanket presidential immunity argument
The indictment brought by Smith charges Trump with four criminal counts, including conspiracy to defraud the United States. Smith alleges that Trump tried to subvert the 2020 results by spreading false election fraud claims, organizing slates of fake pro-Trump electors in states Biden won, and trying to exploit a violent mob of Trump\'s supporters that stormed the Capitol on Jan. 6, 2021.


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Trump trial: Defense attorneys begin cross-examination of David Pecker   
  

Trump trial: Defense attorneys begin cross-examination of David Pecker
Thursday\'s testimony marked Pecker\'s third day on the witness stand. On Tuesday, he detailed how he agreed to help Trump\'s 2016 campaign by alerting the then-candidate of damaging information and working to keep it from the public.


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American Airlines swings to a loss, but tops estimates for Q2 forecast  
  

American Airlines swings to a loss, but tops estimates for Q2 forecast
American posted a loss of $312 million, or 48 cents per share, in the first quarter, compared with a profit of $10 million, or 2 cents per share, during the same period a year earlier. Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents per share.


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Venice residents clash with riot police as city launches world's first tourist entry fee  
  

Venice residents clash with riot police as city launches world's first tourist entry fee
Residents, specifically the estimated 50,000 who live in the city\'s historic area, are far outnumbered by the some 5.5 million who visited the city in 2019, according to Statista data. Many of these tourists disembark from cruise ships by the thousands to take photographs of Venice\'s famous canals and city squares.


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Opinion | Can Biden Revive the Fortunes of American Workers?   
  

Opinion | Can Biden Revive the Fortunes of American Workers'
Why did unions decline' It’s tempting to assume that their diminishment was inevitable in the face of global competition and the falling share of manufacturing, their traditional stronghold, in employment. But other advanced economies are still strongly unionized — in Denmark and Sweden, for example, about two-thirds of workers are union members.


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Opinion | Why Are We Gambling With America's Future'  
  

Opinion | Why Are We Gambling With America's Future'
You don’t have to get to these nightmare scenarios to see all the problems that can be caused by excessive federal debt. All that fiscal stimulus can cause inflation, as it is doing now. Public sector borrowing can crowd out private sector borrowing, thus slowing the economic growth you need to pay off the debt.


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New Haiti government sworn in during secret ceremony  
  


Haiti, which is still recovering from a devastating 2010 earthquake that levelled the capital and killed tens of thousands of people, has no elected officials and has not held an election since 2016. Armed groups are said to control at least 80% of the capital, with outgunned police fighting to keep the politically connected gangs at bay.


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Humza Yousaf in peril as Greens say they will back no confidence motion  
  


“That has significant consequences for how the Scottish Greens position ourselves in parliament, and the first minister cannot rely on Green support while being dictated to by forces on the right,” Harvie said.


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David Pecker testifies Michael Cohen said Trump 'furious' over refusal to pay Stormy Daniels - as it happened  
  


Epshteyn was among a number of Trump allies indicted in Arizona yesterday over their efforts to overturn his 2020 election loss, along with all of the fake electors who acted on Trump's behalf there to try to keep him in power despite his loss in the state.


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Bank Of America Thinks '2024 Is Starting To Look Like 2015 But In Reverse' While Jamie Dimon Warns 2024 Looks Like The 1970s  
  

Bank Of America Thinks '2024 Is Starting To Look Like 2015 But In Reverse' While Jamie Dimon Warns 2024 Looks Like The 1970s
In an interview with Bloomberg on April 15, Federal Reserve Bank of New York President and CEO John Williams said, \"We will need to start a process at some point to bring interest rates back to more normal levels, and my own view is that process will likely start this year.\"


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Arizona Republicans Who Supported Repealing an Abortion Ban Face Blowback  
  

Arizona Republicans Who Supported Repealing an Abortion Ban Face Blowback
He speaks with the measured cadences of someone who has appeared on plenty of news programs, and had focused his attention on homelessness and teacher pay before abortion erupted into an all-consuming legislative battle.


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Watchdog Group Accuses Trump Campaign of Violating Finance Law  
  

Watchdog Group Accuses Trump Campaign of Violating Finance Law
“What Red Curve was doing was basically making a contribution,\" said Saurav Ghosh, the director of federal campaign finance reform at the Campaign Legal Center. “If it’s treated as a corporation under federal campaign finance law, then that’s illegal on its face.”


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Peter Schey, Tenacious Lawyer Who Defended Migrant Rights, Dies at 77  
  

Peter Schey, Tenacious Lawyer Who Defended Migrant Rights, Dies at 77
“He dedicated his career to bringing legal representation to vulnerable groups who didn’t have another way to speak for themselves, who were at the mercy of the government,” said Hope Frye, an immigration lawyer who sometimes worked with Mr. Schey. “I don’t care how much the government pushed their hob-nailed boots in, he never backed down an inch.”


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Four, Including a Pregnant Teen, Die in Fiery Crash During Police Chase  
  

Four, Including a Pregnant Teen, Die in Fiery Crash During Police Chase
The Pennsylvania State Police produces an annual police pursuit report using data from all agencies across the state. In 2022, the year for the most recent available report, police officers in Pennsylvania reported a total of 2,718 pursuits. Nine people were killed in “pursuit-related crashes,” according to the report.


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The Supreme Court Hints at a Break for Trump  
  

The Supreme Court Hints at a Break for Trump
Smith’s indictment, for example, claims that Trump the candidate enlisted the Justice Department in validating his claims that the election was marred by widespread fraud. And it documented how he waged a pressure campaign against his own vice president, Mike Pence, to block or delay certification of President Biden’s victory during a proceeding at the Capitol on Jan. 6, 2021.


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University of Southern California Confronts an Unfamiliar Era of Protest  
  

University of Southern California Confronts an Unfamiliar Era of Protest
From the start, the university was a local project, founded in 1880 in a mustard field donated by early Los Angeles real estate developers and bankers. Its donors and alumni include a who’s who of Southern California show business, law, medicine and commerce. The mayor of Los Angeles, Karen Bass, attended U.S.C.; so did Rick Caruso, the real estate mogul she defeated in 2022.


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Ex-F.B.I. Lawyer Who Criticized Trump Says Bureau Failed to Warn Her About Stalker  
  

Ex-F.B.I. Lawyer Who Criticized Trump Says Bureau Failed to Warn Her About Stalker
Ms. Page, who worked for the F.B.I. on investigations into Hillary Clinton’s use of a private email server while secretary of state and into possible ties between Russia and Mr. Trump’s campaign, criticized Mr. Trump during his candidacy in text exchanges with another bureau official.


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What's Next in Trump's Immunity Case  
  

What's Next in Trump's Immunity Case
Adam Liptak covers the Supreme Court and writes Sidebar, a column on legal developments. A graduate of Yale Law School, he practiced law for 14 years before joining The Times in 2002. More about Adam Liptak


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Emory in Atlanta Is Latest University to Crack Down on Protests  
  

Emory in Atlanta Is Latest University to Crack Down on Protests
There was little sign that the movement was losing steam: About 100 demonstrators set up tents at Harvard on Wednesday night, even after the university warned that students could face discipline.


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Here are the lawyers arguing before the Supreme Court.  
  

Here are the lawyers arguing before the Supreme Court.
Alan Feuer covers extremism and political violence for The Times, focusing on the criminal cases involving the Jan. 6 attack on the Capitol and against former President Donald J. Trump.  More about Alan Feuer


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