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Singapore to be worst hit by job displacement as tech disrupts region’s labour markets, study shows

SINGAPORE, Sept 17 — Workers in Singapore will be hit hard by technological disruptions with the Republic’s labour market set to face the largest degree of job displacement regionally in the next decade, based on a study on the impact of…


Macron walks back on pledge to end ‘exit tax’ on high earners

PARIS, Sept 16 — France will keep a less restrictive version of its “exit tax” on wealthy people who take assets out of the country, and not completely scrap it as President Emmanuel Macron pledged earlier this year. The 30 per cent levy was…


US employment jumps 201,000 in August, jobless rate steady at 3.9pc

WASHINGTON, Sept 7 ― Hiring surged in the United States last month, and employers increased wages by the most in nearly a decade as the jobs markets showed no sign of slowing, the government reported today. The unexpected hiring spree, which…


China to keep hitting back at US over trade, boost government spending, says finance minister

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BEIJING, Aug 24 — China will keep hitting back at Washington as more US trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses in China — whether Chinese or foreign, Finance Minister…


Musk has disrupted the car business. Now can he change himself?

NEW YORK, Aug 22 — For five days this summer, Tesla Inc survived without Elon Musk on the factory floor. He attended his brother’s wedding in Spain and took his kids to Belfast so they could see the set of Game of Thrones. When the wedding came…


Analysts neutral on HSL’s first key contract in Bintulu

KUCHING: Analysts are generally neutral on Hock Seng Lee Bhd’s (HSL) first key contract in financial year 2018 (FY18) in Bintulu which has boosted the group’s outstanding order book to RM2.6 billion. HSL recently announced in a press release that the group had received a Letter of Acceptance for a new MARA Junior Science College […]


Samsung to invest billions in new tech to drive fresh growth

SEOUL, Aug 8 — South Korea’s Samsung Group today said it would invest US$22 billion over the next three years in cutting-edge technology including artificial intelligence, self-driving cars and biopharmaceuticals, as it searches for ways to…


Indonesia’s booming gig economy means big tradeoffs for workers

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JAKARTA, Aug 7 — Heru Sishandito isn’t your typical gig economy millennial. The former construction worker, 58, is a driver for Grab, a popular ride-hailing service, in Bandung, the provincial capital of West Java. He likes the flexibility, but…


Treasuries drop before Fed as Apple lifts Nasdaq

LONDON, Aug 1 — Treasuries slid and the dollar pared gains as investors counted down to the latest Federal Reserve rate decision. Apple Inc’s rally buoyed the tech sector as an escalation in trade-war rhetoric weighed on equities and battered…


Asia stocks open lower amid earnings reports, yen steadies

TOKYO, July 20 — Asian stocks opened on a soft note today as the ongoing reporting season raised concerns about lofty expectations for earnings and traders prepare for key policy meetings from the world’s biggest central banks. The yen steadied…