#SINGAPORE News, Headlines and Posts

#SINGAPORE News

ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi

yahoo.com NEW DELHI/OAKLAND, California, May 31 (Reuters) - A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech…

Shein plans to bolster compliance and logistics execs ahead of US marketplace

reuters.com Fast-fashion retailer Shein is boosting senior leaders and executives to roll out its U.S. marketplace and to meet regulatory compliance as it deepens its footprint in North…

Cross-border cooperation vital for Asia's cyber defense

nikkei.com Michaela Browning is vice president for government affairs and public policy for the Asia-Pacific at Google. When global security leaders meet this week in Singapore for the…

Number of billionaires worldwide falls, collective wealth dips

foxbusiness.com The global billionaire class took a hit to both its collective net worth and population last year, but there was no change in the rankings for the top three countries that…

Burgundy Wine Powerhouse, Albert Bichot, Goes 100% Organic And Reduces Bottle Weight

forbes.com In 1831, when Albert Bichot family winery was established in Burgundy, they farmed all of their vineyards organically. In fact, the majority of vineyards in France were…

Oil falls on weak China data, stronger US dollar

reuters.com Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down 37…

Coinbase CEO drops bombshell prediction

newsbtc.com Coinbase CEO Brian Armstrong has warned that the US risks ceding its global financial leadership and innovation hub status if it fails to recognize the transformative…

Binance plans new round of layoffs amid increased regulatory scrutiny

cointelegraph.com A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company…

Animoca’s Yat Siu: Beijing white paper lays groundwork for crypto renaissance in China

theblock.co Yat Siu, chairman of the acquisitive web3 investor Animoca Brands, sees a white paper on web3 development published by Beijing authorities over the weekend as the foundation…

Indo-Pacific is most 'consequential' region for 21st century: Austin

nikkei.com SINGAPORE -- U.S. Defense Secretary Lloyd Austin is renewing his commitment to prioritizing the Indo-Pacific region despite Russia's invasion of Ukraine as he kicks off a…

Huobi Joins HKVAC as First Member to Fuel Hong Kong's Ambition to be a Global Web3 Hub

cryptodaily.co.uk Singapore, Singapore, May 31st, 2023, Chainwire Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC). By joining HKVAC, an…

Binance reportedly cutting jobs despite profit claims and hiring promise

protos.com Binance has started scaling back its workforce despite claiming that layoffs weren’t on the cards in March. This is according to a tweet from crypto journalist Colin Wu who…

Sotheby's Second 3AC NFT Auction Includes Landmark Dmitri Cherniak Work

coindesk.com Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri…

Video shows Chinese J-16 fighter jet buzzing U.S. spy plane

newsweek.com Dramatic footage shows a Chinese fighter pilot executing an "aggressive maneuver" against a U.S. reconnaissance plane as tensions between the two countries mount. The…

India kicks off a pilot to become electronics repair capital of the world

techcrunch.com After expanding its footprint in manufacturing smartphones and other tech devices, India is looking to become the electronics repair capital of the world, taking the crown…

Saudi Arabia’s merchandise exports soared 48.9% to $410bn in 2022

arabnews.com RIYADH: Saudi Arabia’s merchandise exports increased 48.9 percent year on year in 2022 to hit SR1.54 trillion ($410 billion), driven by a rise in oil exports, according to…

Coinbase CEO Raises Concern about Crypto, Says It’s Matter of National Security

coinspeaker.com Coinspeaker Coinbase CEO Raises Concern about Crypto, Says It’s Matter of National Security Coinbase CEO Brian Armstrong has recently shared his thoughts on cryptocurrencies…

Saudi Arabia Imports 3.7 Million Barrels of Oil From Russia in May

watcher.guru Saudi Arabia has been playing its cards right. According to ship tracking data, Saudi Arabia, the primary crude oil exporter, is capitalizing on refining profits by…

Alibaba Unveils Its Spin-Off Plans

marketbeat.com Chinese e-commerce giant Alibaba Group Holdings Ltd. NASDAQ: BABA announced in November 2022 that it would be spinning off six companies. Ali Baba has been referred to as…

Mercedes-Benz NXT Collaborates with Harm van den Dorpel and Fingerprints DAO to Launch “Maschine” NFT Collection

nftculture.com Mercedes-Benz NXT, the digital ecosystem of the renowned luxury automaker, has partnered with acclaimed generative artist Harm van den Dorpel and art collectors Fingerprints…

Crypto Exchange Bybit Granted In-principle Approval to Operate in Kazakhstan

bitcoin.com Cryptocurrency exchange Bybit has received an in-principle approval to work in Kazakhstan, a jurisdiction increasingly seen by crypto companies as a gateway to the…

Singapore central bank taps Google AI to groom tech talent

nikkei.com SINGAPORE -- Singapore's central bank is partnering with Google's cloud unit on artificial intelligence projects for internal use and to equip staffers with "deep AI…

‘De-China’ Move: Tech Owners Keen to Leave, Avoid US Rivalry

asiafinancial.com Intensifying US-China trade rivalry is forcing more Chinese tech companies to consider setting up bases overseas. Some tech business owners in mainland China have even been…

Business behemoths ramp up China diplomacy

axios.com America's biggest corporate titans are resuming trips to China and going out of their way to defuse — or at least downplay — tensions between the world's two largest…

China Factory PMI Slump Worsens As Stocks Tumble Into Bear Market

zerohedge.com China Factory PMI Slump Worsens As Stocks Tumble Into Bear Market Chinese stocks slid into bear market territory after manufacturing activity contracted for a second month…

Nikkei, Hang Seng Slump on China Recovery, US Debt Fears

asiafinancial.com Asia’s major share indexes were in retreat on Wednesday and on track for a second consecutive monthly drop as worrying China factory data and the continuing US debt ceiling…

UK tech roles see sustained pay rises despite layoffs

theregister.com Despite job losses among vendors and high profile companies, those with IT roles in UK companies saw their salaries increase by as much as 30 percent in the past year, a…

China’s Economy Faces Gloomy Outlook as Manufacturing Slumps

yahoo.com China’s economic recovery weakened in May, raising fresh fears about the growth outlook and prompting calls for more central bank action to counter the downturn. • None…

Billionaire Andrew Tan’s Alliance Global Buys Out Genting’s Stake In Philippine Casino

forbes.com Alliance Global Group—controlled by real estate and liquor billionaire Andrew Tan—said Tuesday it has agreed to buy the 40% stake held by its financially troubled partner…

XDC Network gets Japanese foothold via partnership with SBI subsidiary

cointelegraph.com Formerly known as XinFin, the enterprise hybrid blockchain solution XDC Network broadens its presence on the Japanese market by striking a partnership with SBI VC Trade Co.…

Indian banks asked ‘to prepare for the future’ with AI and blockchain

cointelegraph.com A top federal official representing India’s central bank has recommended all banks adopt artificial intelligence and blockchain technology to ensure sustainable growth and…

Low-risk portfolio service offers returns in uncertain times

scmp.com Events of recent weeks have sent a chill through financial markets as investors try to interpret the broader implications of bank failures in the United States and…

Japan, South Korea near resolution to 2018 radar lock-on dispute

nikkei.com TOKYO/SEOUL -- A radar lock-on dispute between Japan and South Korea from 2018 is poised for a potential resolution, with talks between the two sides entering their final…

China Will Dominate Global Digital Finance Warns Coinbase CEO

cryptopotato.com In an opinion piece on May 30, the Coinbase CEO wrote that recent crypto industry turbulence “might make it tempting for policymakers to write it off as an unstable asset…

MetaZone Secures Funding to Expand the World’s First Tokenized App Platform for the Metaverse

cryptopotato.com [PRESS RELEASE – Singapore, Singapore, May 30th, 2023] MetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry leaders, Sfermion…

Hong Kong’s new crypto rules covered by China state TV in rare move from Beijing

yahoo.com China Central Television (CCTV), the country’s largest national broadcaster, shone a light on Hong Kong’s cryptocurrency sector Tuesday when it reported on the region’s…

chinese tech entrepreneurs: Chinese tech entrepreneurs keen to de-China as tensions with US soar

indiatimes.com For the ambitious Chinese tech entrepreneur, expanding into the US just keeps getting harder.Before 2019, there were few major impediments to having a Chinese company that…

UBS: Family Offices Are Fumbling Their Own Generational Wealth Transfers

institutionalinvestor.com Ultra-wealthy families must pay more attention to activities beyond their investment portfolios, according to a UBS report. The primary goals of most of the 230 family…

Some mainland China tech entrepreneurs are trying to gain permanent residency or citizenship outside of China to avoid US curbs and biases against Chinese firms

reuters.com [1/3] U.S. and Chinese flags are seen through broken glass in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration SHENZHEN, China, May 31 (Reuters) -…

7 Undervalued Tech Stocks for Smart Investors to Consider Using the Piotroski F-Score

247wallst.com With groundbreaking innovations emerging in burgeoning sectors such as artificial intelligence and cloud computing, investors have a fertile landscape for investments in…

Chinese tech entrepreneurs keen to 'de-China' as tensions with US soar

yahoo.com For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company…

Coinbase CEO considers China’s digital payments industry an ‘ambitious adversary’

cryptoslate.com Coinbase CEO Brian Armstrong said in a May 30 op-ed on MarketWatch that the U.S. crypto industry faces a strong challenge from China’s digital payments industry. Armstrong…

TikTok Creators’ Financial Info, Social Security Numbers Have Been Stored In China

forbes.com TikTok has stored the most sensitive financial data of its biggest stars — including those in its “Creator Fund” — on servers in China. Earlier this year, CEO Shou Chew told…

Chinese jet flew past nose of U.S. plane, says Pentagon

nbcnews.com A Chinese fighter jet flew directly in front of the nose of a U.S. reconnaissance plane over the South China Sea on Saturday, said the Pentagon Tuesday, another in a rising…

Opinion: Coinbase CEO: China sees the possibilities in crypto. America must, too

marketwatch.com The cryptocurrency market has had some recent turbulence. That might make it tempting for policy makers to write it off as an unstable asset class. But they’d be missing the…

Video: Chinese fighter jet buzzes U.S. Air Force plane in 'unnecessarily aggressive' maneuver

politico.com A Chinese fighter jet conducted “an unnecessarily aggressive maneuver” by darting in front of an American surveillance plane over the South China Sea on Friday, according to…

Tesla boss Elon Musk kicks off high-stakes China trip

aljazeera.com China’s foreign ministry quoted Musk as saying he wanted to expand business in China and opposed a decoupling. Tesla Chief Executive Elon Musk is on a high-stakes visit to…

The rise and fall of Elizabeth Holmes, the former Theranos CEO who just reported to prison to begin her 11-year sentence after being convicted of wire fraud…

businessinsider.com Convicted Theranos founder Elizabeth Holmes reported to a minimum-security women's prison in Bryan, Texas, to begin her 11-year sentence. Philip Pacheco/Getty Images…