Technology
China launches first satellites of constellation to rival Starlink, state media says
A CHINESE state-owned enterprise on Tuesday (Aug 6) successfully placed 18 satellites into orbit, state broadcaster CCTV reported, as China seeks to create its own version of US firm...
Anti-LGBTQ Texas Pastor Arrested for Soliciting Sex Worker in Sting Operation
An anti-LGBTQ pastor was arrested and charged with felony sexual solicitation connected to a human sex trafficking investigation.As reported by KDFW, Plano police arrested Terrence "Terren" Dames, 51, the...
MAS prioritises policyholders, competitive market in assessing Allianz-Income deal: Chee Hong Tat
THE Monetary Authority of Singapore (MAS) will prioritise the interest of policyholders when assessing Allianz’s proposed acquisition of a majority stake in Income Insurance, said Second Minister for Finance...
Saudi Aramco’s second-quarter profit slips 3% on lower crude output
OIL giant Saudi Aramco on Tuesday (Aug 6) reported a 3.4 per cent fall in second-quarter profit on lower crude volumes and softer refining margins.
Aramco posted second-quarter net income...
Casinos collected S$4.4 million more in entry levies from April to May due to lapse in law: MHA
DUE to a law that was not renewed, Singapore’s two casinos collected about S$4.4 million more than was legally allowed between April and May 2024.
To enter casinos here, Singapore...
Telkom Indonesia taps Goldman, Mandiri to seek strategic investor for data centre business
INDONESIA’S state-owned communication giant Telkom Indonesia has appointed Goldman Sachs and Mandiri Sekuritas to help it find a strategic investor for its data centre business, according to a senior...
Former manufacturing giant SunPower files for bankruptcy
SUNPOWER has filed for bankruptcy in Delaware and plans to wind down operations, ending the decades-long run of the once-venerated US solar firm.The rooftop solar company listed assets and...
Xpeng Aeroht raises US$150 million for production of flying cars
XPENG Aeroht, a unit of Chinese electric carmaker Xpeng, raised US$150 million to fund the development and production of a proposed flying car in Guangzhou.On Monday (Aug 5), the...
