Posts by Yurie Miyazawa
FAA investigating after Newark air traffic control suffered two-second outage
Published Tue, May 20, 2025 · 07:59 AM THE Federal Aviation Administration said the facility that handles Newark air traffic on Monday lost radio frequencies for about two seconds, the latest in a series of telecom issues. The incident occurred around 11.35 am ET (1535 GMT) and all aircraft remained safely separated, the FAA said. The incidents…
Read MoreAngry taxi drivers battle Paris police over fare change
Published Tue, May 20, 2025 · 06:49 AM [PARIS] Taxi drivers set alight wooden pallets and tyres in central Paris on Monday and police fired tear gas amid nationwide protests against a move to cut their fares for transporting medical cases. Nearly 1,000 taxis blocked roads in the capital and police said 64 people were…
Read MoreActors’ union sues ‘Fortnite’ over AI Darth Vader
[LOS ANGELES] An actors’ union is suing the makers of the Fortnite video game over the use of AI to create an interactive Darth Vader, it said on Monday. Fortnite announced last week it had got permission from the family of James Earl Jones to make a chatty Star Wars villain based on the late…
Read MoreEurope: Stocks subdued as corporate news outweighs US credit downgrade
EUROPEAN stocks closed flat on Monday, following a five-week winning streak, as declines from a surprise US credit rating downgrade were offset by upbeat corporate updates. The pan-European Stoxx 600 index pared earlier declines to close 0.13 per cent higher at 549.98, hovering around the seven-week intraday high it touched on Friday. Credit rating agency Moody’s…
Read MoreNike lays off some workers in shakeup of technology division
Efforts to recapture growth by refocusing on sports and wholesale channels have been complicated by US President Donald Trump’s trade war and uneven spending by US consumers Published Tue, May 20, 2025 · 06:07 AM [NEW YORK] Nike is downsizing its technology division and letting go of some employees as management resets priorities. Staff in…
Read MoreUS tariff wall to hurt S-E Asia petrochemical players as excess products flood the region
[SINGAPORE] Petrochemical players in South-east Asia are bracing themselves for increasing competition, as the tariff-led breakdown of trade between the US and China creates a flood of petchem products into the region. Brian Leonal, head of Asia petrochemical pricing at Argus, said: “There will be some challenges to the petrochemical industry in South-east Asia. The…
Read MoreApple partner Foxconn injects US$1.5 billion into India unit
Published Mon, May 19, 2025 · 10:28 PM [HONG KONG] Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from China. The company said in an exchange filing on Monday (May 19) that it had made the investment through its Singaporean subsidiary. Foxconn, which…
Read MoreIndonesia taps Singapore traders in US$12 billion Pertamina probe
[SINGAPORE] Indonesian authorities have contacted a number of Singapore-based trading companies to request their cooperation in a US$12 billion corruption probe involving state-owned oil giant Pertamina. The oil traders received notices earlier this month, asking them to assist the office of Indonesia’s attorney general by answering questions on overall governance and past transactions, according to…
Read MoreBusiness China appoints Kwek Poh Heok as new CEO
[SINGAPORE] Kwek Poh Heok has been appointed the new chief executive of Business China, with effect from Jul 1. She succeeds Ho Chee Hin, who served as CEO from January 2023 and will return to the public sector. Ho was responsible for starting several youth programmes, including the Youth Interns Exchange Scheme, the Youth Knowledge Programme, and the…
Read MoreXiaomi to invest at least 50 billion yuan in chip design: founder
Published Mon, May 19, 2025 · 01:17 PM — Updated Mon, May 19, 2025 · 01:22 PM [BEIJING] Chinese smartphone and electric vehicle maker Xiaomi said on Monday it plans to invest at least 50 billion yuan (S$9 billion) in chip design over at least 10 years. The investment sum was flagged by Xiaomi‘s founder Lei Jun in…
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