Posts by Mark Darwin
Tesla sued over Model S crash that killed three in New Jersey
TESLA was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New Jersey’s Garden State Parkway. The wrongful death lawsuit filed in the federal court in Camden, New Jersey, attributed the deaths of David Dryerman, 54; his wife…
Read MoreOil settles down 7% after Iran attacks US military base in Qatar, not tankers
[HOUSTON] Oil prices settled down more than 7 per cent on Monday, losing more than US$5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a US military base in Qatar in retaliation for US attacks on its nuclear facilities. Brent crude futures closed down…
Read MoreAirlines weigh Middle East cancellations after US strikes in Iran
[NEW YORK/SEOUL] Airlines on Monday (Jun 23) were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Teheran vowed to defend itself. Cancellations in recent days to usually resilient aviation hubs like…
Read MoreJapanese ships transiting Strait of Hormuz to minimise time in Gulf
Published Mon, Jun 23, 2025 · 01:11 PM [TOKYO] Japan’s Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimise the time spent in the Gulf as they continue to transit the Strait of Hormuz following the US strikes on Iranian nuclear facilities. The shipping companies said they are…
Read MoreAsia: Market trade lower; oil prices spike after US strikes on Iran
[TOKYO] Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s nuclear facilities. The dollar strengthened as traders assessed the weekend’s events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in the volatile region.…
Read MoreCordlife to hold townhalls for affected clients of damaged and high-risk tanks in Singapore
[SINGAPORE] Private cord-blood bank Cordlife announced on Monday (Jun 23) that it will begin holding a series of in-person and online townhalls this week with affected customers from the damaged and high-risk tanks. The townhalls aim to explore and put forward possible ways to enhance support and expand the coverage for these affected customers in…
Read MoreInvestors wooed with freebies at Japan’s shareholder meetings
[TOKYO] More Japanese companies are giving gifts at annual general meetings (AGMs) in a practice that could increase the ranks of loyal retail investors as pressure from activist investors grows. The pickup in gifts, from collectibles to food, has been steady. A survey by Sumitomo Mitsui Trust Bank showed 11 per cent of firms offered…
Read MoreAsia-Pacific markets fall after US strikes on Iran; oil prices surge, greenback strengthens
[SINGAPORE] Asia-Pacific markets declined in early trade on Monday (Jun 23) morning, as oil prices surged and the greenback reacted, after the US launched strikes against three nuclear facilities in Iran over the weekend. Japan’s Nikkei 225 tumbled 0.69 per cent while South Korea’s Kospi fell over 1 per cent. Australia’s ASX was down around…
Read MoreUS attack on Iran: Market reaction muted, but brace for more volatility ahead, say analysts
[SINGAPORE] Markets reacted in a more muted manner than expected on Monday (Jun 23) after the US launched strikes against three nuclear facilities in Iran over the weekend. But analysts warned that there could be more volatility ahead as the world awaits Iran’s reaction. US President Donald Trump announced strikes against three Iranian nuclear facilities…
Read MoreOil prices surge more than 4% in early Asian trade
Published Mon, Jun 23, 2025 · 08:14 AM [TOKYO] Oil prices surged in early trade on Monday, after the United States joined Israel’s campaign against Tehran’s atomic programme by bombing Iranian nuclear sites. Brent and the main US crude contract WTI both jumped more than four per cent to hit their highest price since January.…
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