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Xi, Macron and Modi to speak at virtual Davos forum, says WEF

Xi, Macron and Modi to speak at virtual Davos forum, says WEF

GENEVA (BLOOMBERG) - The World Economic Forum said Chinese President Xi Jinping and his French counterpart, Mr Emmanuel Macron, will be among the speakers at the online event it is holding this month instead of its usual forum in the Swiss ski resort of Davos.European Commission President Ursula von der Leyen, Indian Prime Minister Narendra Modi and World Health Organisation director-general Tedros Adhanom Ghebreyesus have also been invited, due to be held from Jan 25 to Jan 29.The chief executives of more than 500 companies are also joining in the discussion of topics, including fair...

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2d ago
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South Korea's Moon hopes US, North Korea can restart nuclear dialogue from Singapore Declaration

South Korea's Moon hopes US, North Korea can restart nuclear dialogue from Singapore Declaration

SEOUL - South Korean President Moon Jae-in has voiced hopes that the incoming administration of United States President-elect Joe Biden will resume stalled nuclear talks with North Korea, so as to "make new strides" and carry forwardSpeaking at a New Year press conference on Monday (Jan 18), the dovish leader also pledged to strengthen partnership with the US and improve inter-Korea ties, so that he can continue to play the role of a mediator and make sure that North Korea's nuclear issue remains a priority for the new US leadership."The inauguration of the Biden administration could be a...

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Chang May Choon
3d ago
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Experts in Singapore divided on effect of new Covid-19 strains in virus fight

Experts in Singapore divided on effect of new Covid-19 strains in virus fight

SINGAPORE - The world went into a tizzy last month with It was said to be more infectious and able to spread more easily.But this was not the first, nor will it be the last mutation of the virus that has spread globally over the past year, and killing more than two million.Dr Sebastian Maurer-Stroh, executive director of the Bioinformatics Institute (BII), which is part of the Agency for Science, Technology and Research (A*Star), doesn't see a need for undue worry over the mutation flagged in England.He said: "It is still on the rise, but even if it reaches a higher percentage, it will be...

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SALMA KHALIK
3d ago
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A decade on the run as runner for Ah Kong drug ring in Europe

A decade on the run as runner for Ah Kong drug ring in Europe

SINGAPORE - He left Singapore in the mid-1990s when he was put on the police gazette for drug-related offences.A wanted man here, John (not his real name) moved to Europe and was recruited as a runner for a founding member of the Dutch drug syndicate Ah Kong.Please or to continue reading the full article.*Terms and conditions apply.Join and get the latest breaking news delivered to you.Topics: We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But...

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Zaihan Mohamed Yusof
3d ago
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Oil-rich Abu Dhabi targets hydrogen as future export fuel

Oil-rich Abu Dhabi targets hydrogen as future export fuel

DUBAI (BLOOMBERG) - Abu Dhabi's government-run oil company is teaming up with two of its sovereign wealth funds to turn the petroleum-rich emirate into an exporter of blue and green hydrogen.Abu Dhabi National Oil Co (Adnoc) formed an alliance with Mubadala Investment Co and ADQ to produce hydrogen from renewable energy, known as green hydrogen, ADQ said in a statement.Adnoc will independently develop blue hydrogen, which is produced from natural gas in a process that captures emissions of carbon dioxide.In a related deal, Abu Dhabi Future Energy Co, also known as Masdar, agreed with...

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3d ago
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Dubai's Emirates suspends flights to Sydney, Melbourne and Brisbane

Dubai's Emirates suspends flights to Sydney, Melbourne and Brisbane

DUBAI (BLOOMBERG) - Emirates is suspending flights to Australia's three largest cities due to "operational reasons", the world's largest airline by international passengers announced.The last flights to Melbourne, Sydney and Brisbane will be on Jan 20 and customers for those cities will not be accepted for travel at their point of origin. Emirates did not say when the flights would resume.Australia all but closed its borders to travellers last year to . Arrivals are capped, and those who do enter have to undergo a strict quarantine for two weeks. Many of its citizens abroad have struggled...

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5d ago
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Russian judge jails Kremlin foe Navalny for 30 days

Russian judge jails Kremlin foe Navalny for 30 days

MOSCOW (REUTERS, AFP, BLOOMBERG) - A Russian judge on Monday (Jan 18) ruled that Kremlin critic Alexei Navalny should be held in custody for 30 days until Feb 15, his spokeswoman said, a day after he was detained upon his arrival in Moscow.“The court arrested Navalny for 30 days. Until February 15,” Ms Kira Yarmysh, his spokeswoman, wrote on Twitter.The judge ordered Navalny, 44, held for 30 days for violating the terms of a suspended jail sentence. Another hearing is set for Jan 29 to rule on the alleged violation, which could see him imprisoned for as much as 3.5 years.Navalny was...

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3d ago
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MAS announces new rules in Singapore after SolarWinds cyber attack exposes firms around the world

MAS announces new rules in Singapore after SolarWinds cyber attack exposes firms around the world

SINGAPORE - All financial services and e-payment firms in Singapore must, from Monday (Jan 18), follow a new set of central banking rules to better mitigate technology risks in the wake of aThe Monetary Authority of Singapore (MAS) now requires all financial institutions to assess the suppliers of their technology vendors.In a typical assessment, suppliers may be asked to prove that their software source code is rigorously tested and they do not use unsafe programming practices. Suppliers may also be asked to reveal their security measures and how often they monitor cyber risks.The updated...

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IRENE THAM
3d ago
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Spanish climber Sergio Mingote dies during K2 expedition

Spanish climber Sergio Mingote dies during K2 expedition

MADRID (AFP, REUTERS) - Mountaineer Sergio Mingote has died during a climb of K2, the second highest summit on the planet, Spanish Prime Minister Pedro Sanchez announced on Saturday (Jan 16)."Sad death of Sergi Mingote on K2. He wanted to keep on making history by being part of the first expedition to climb this mountain in winter and a tragic accident ended his life," Sanchez wrote on Twitter, describing him as a "great sportsman" and a personal friend.News of his death came asIt was the last peak above 8,000m to be topped in wintertime.Mingote fell down a crevasse as he attempted to make...

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4d ago
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Prospect of pardons in final days fuels market to buy access to Trump

Prospect of pardons in final days fuels market to buy access to Trump

WASHINGTON (NYTIMES)- As US President Donald Trump prepares to leave office in days, a lucrative market for pardons is coming to a head, with some of his allies collecting fees from wealthy felons or their associates to push the White House for clemency, according to documents and interviews with more than three dozen lobbyists and lawyers.The brisk market for pardons reflects the access peddling that has defined Trump's presidency as well as his unorthodox approach to exercising unchecked presidential clemency powers. Pardons and commutations are intended to show mercy to deserving...

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3d ago
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Rescuers detect signs of life from 22 trapped Chinese miners a week after blast

Rescuers detect signs of life from 22 trapped Chinese miners a week after blast

BEIJING (AFP) - Rescuers detected signs of life on Sunday (Jan 17) from 22 gold miners trapped underground in east China, a week after the workers were cut off by an explosion, state media reported.badly damaged the exit ladder from the mine and the communications system, leaving authorities unable to contact the workers in the mine located near Qixia city in eastern Shandong province.Rescuers on Sunday afternoon drilled down into the mine and heard "knocking sounds", the official Xinhua news agency said, although they still "needed confirmation".Local officials plan to lower food and...

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4d ago
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Man jailed for beating up his mother after she refused to reveal her ATM card's PIN

Man jailed for beating up his mother after she refused to reveal her ATM card's PIN

andSINGAPORE - A man attacked his elderly mother with her walking stick after she refused to disclose the personal identification number (PIN) of her automated teller machine (ATM) card.He even threatened to cut all of the 77-year-old's fingers with a knife.She was so badly injured that she only crawled out of bed the next day.Adrian Yap Yin Leung, 56, was sentenced to jail for five years and three months on Thursday (Jan 14).He pleaded guilty to one count each of voluntarily causing hurt to his mother while robbing her and subsequently failing to report to the police for investigations.One...

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Dominic Low
7d ago
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We weren't told we were part of trial, say test subjects in India

We weren't told we were part of trial, say test subjects in India

 India Correspondent In BangaloreAt least 100 people in Bhopal city who were in a trial of Covaxin, one of two Covid-19 shots approved in India, alleged that the hospital conducting the trial did not inform them that they were test subjects.The allegation comes as India prepares to vaccinate 30 million front-line workers from Saturday.Experts are raising questions about lack of transparency, illegalities and poor data recording in India's ongoing vaccine trials.On Jan 3, the Indian government authorised Covishield, the AstraZeneca-Oxford University vaccine manufactured by the Serum...

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Rohini Mohan
Jan 12
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China sentences former Huarong chairman Lai Xiaomin to death over bribery

China sentences former Huarong chairman Lai Xiaomin to death over bribery

BEIJING (BLOOMBERG, REUTERS) - Lai Xiaomin, former chairman of China Huarong Asset Management Co, was sentenced to death for taking bribes, corruption and bigamy, in one of the nation's biggest financial crime cases.Lai was found guilty of receiving a total of 1.79 billion yuan (S$365 million) in bribes between 2008 and 2018, according to the local court of Tianjin City. All his personal assets will be confiscated, the rulings said.He was also convicted on a charge of bigamy. "Lai Xiaomin was lawless and extremely greedy," the court statement said. The court noted that most of the activity...

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Jan 5
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SingPost suspends all airmail to UK, destinations that transit via the UK

SingPost suspends all airmail to UK, destinations that transit via the UK

SINGAPORE - All airmail services - including Speedpost priority service - to the United Kingdom and destinations that transit via the UK have been suspended until further notice, due to the suspension of flights going there from Singapore, said SingPost in an announcement last Wednesday (Dec 30).Speedpost Express and Speedpost Economy are still available, as is surface mail service.Delivery of airmail takes about three to 12 business days while surface mail takes about three to 17 weeks.British postal service Royal Mail Group has also made changes to its delivery process since March last...

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Adeline Tan
Jan 5
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S'porean student punched in London: Attack by 15-year-old was racially motivated, says British court

S'porean student punched in London: Attack by 15-year-old was racially motivated, says British court

SINGAPORE - A British court has found a 15-year-old boy, part of a group of teens who guilty of a racist act.The verdict on Monday (Jan 4) by the Highbury Corner Youth Court comes after the boy pleaded guilty in August last year to wounding or causing grievous bodily harm without intent.He had challenged the account of Mr Jonathan Mok, 23, in the London court and said he and his friends never said "I don't want your coronavirus in my country" or made any comments regarding Mr Mok's ethnicity.However, the court on Monday found him guilty of racially aggravated grievous bodily harm,...

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CLEMENT YONG
Jan 5
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Singapore produced 55 of the world's 99 perfect scorers in IB exams

Singapore produced 55 of the world's 99 perfect scorers in IB exams

SINGAPORE - Amid a Covid-19 pandemic which has disrupted learning, students from Singapore who sat the International Baccalaureate (IB) diploma exams last November have managed to outshine their global counterparts again.The Switzerland-based IB Organisation, which conducts the exams, said Singapore produced 55 of the 99 perfect scorers - more than half - this year.Of the 2,228 students in Singapore who took the exams, 97.73 per cent passed. The global pass rate was 76.68 per cent, while the rate for the Asia-Pacific region was 91.83 per cent.The average scores of Singapore students were...

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Jolene Ang
Jan 4
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Crowds throng Wuhan, where coronavirus pandemic began, to celebrate New Year

Crowds throng Wuhan, where coronavirus pandemic began, to celebrate New Year

WUHAN, CHINA (AFP) - Thousands of New Year revellers packed into the centre of Wuhan, the Chinese city where Covid-19 was first detected, cheering and releasing balloons to welcome in 2021.Police erected fences to try to prevent congestion around the city's Customs House clock tower, but the measure was ineffective due to the large turnout of mainly young people."2020 has been a very difficult year for us because we have experienced the epidemic, especially in Wuhan, which is an unforgettable experience for us," local resident Xu Du told AFP.Most of the crowd wore masks for the celebrations...

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Dec 31
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NYSE to delist Chinese telco giants on US executive order

NYSE to delist Chinese telco giants on US executive order

NEW YORK (BLOOMBERG) - The New York Stock Exchange said it will delist three Chinese corporations to comply with a US executive order that imposed restrictions on companies identified as affiliated with the Chinese military.China Mobile, China Telecom Corp, China Unicom Hong Kong will be suspended from trading between Jan 7 and Jan 11, and proceedings to delist them have started, according to a statement by the exchange.The three companies have separate listings in Hong Kong.All generate the entirety of their revenue in China and have no meaningful presence in the US except for their...

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Jan 1
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US imposes new tariffs on French, German products in Airbus-Boeing spat

US imposes new tariffs on French, German products in Airbus-Boeing spat

WASHINGTON (AFP) - The United States said it will impose additional tariffs on French and German products as part of Airbus and Boeing.The tariffs are on “aircraft manufacturing parts from France and Germany, certain non-sparkling wine from France and Germany, and certain cognac and other grape brandies from France and Germany”, which will be added to the list of products taxed since 2019, according to a statement from the US Trade Representative.It said the move was in retaliation to tariffs imposed by the European Union which it considers unfair.The decision is the latest twist in the...

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Dec 31
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First Covid-19 vaccine shots to be given to NCID healthcare workers on Wednesday

First Covid-19 vaccine shots to be given to NCID healthcare workers on Wednesday

SINGAPORE - Healthcare workers will be the first here to get vaccinated against Covid-19, as Singapore's exercise begins on Wednesday (Dec 30) at the National Centre for Infectious Diseases.More healthcare institutions will follow in the coming weeks, with public healthcare institutions and private hospitals to progressively arrange for their staff to be vaccinated within their premises.Elderly persons aged 70 years old and above will get the vaccine shots from next February. Other Singaporeans and long-term residents who are medically eligible for vaccination will be next in line, with...

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Choo Yun Ting
Dec 29
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Indian farmers continue protest against reforms

Indian farmers continue protest against reforms

Tents pitched on a blocked highway in Ghaziabad on the Delhi-Uttar Pradesh state border in India, during an ongoing protest against the central government's recent agricultural reforms.Tens of thousands of farmers continue to camp out on highways near the capital, New Delhi, in protest against three new laws implemented by Prime Minister Narendra Modi's government that they fear will dismantle regulated agricultural markets, threaten their livelihood and benefit large companies.A seventh round of talks between farmer unions and federal government officials was scheduled yesterday.  Related...

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Dec 29
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Putin volunteers to receive Russia-made Sputnik V coronavirus vaccine: Kremlin

Putin volunteers to receive Russia-made Sputnik V coronavirus vaccine: Kremlin

MOSCOW (REUTERS) - Russia's President Vladimir Putin will receive against the coronavirus, Kremlin spokesman Dmitry Peskov told a Russian state TV channel on Sunday (Dec 27)."He said he will be vaccinated, he made this decision and was waiting until all formalities are completed," the spokesman was quoted as saying to Rossiya 1 TV Channel on its website.Russia launched a voluntary vaccination programme with the Russia-made Sputnik V vaccine earlier in December, starting with the most vulnerable groups in Moscow.People over the age of 60 may begin to apply for shots on Monday, Moscow mayor...

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Dec 27
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Alibaba antitrust fears worsen China tech giants selloff

Alibaba antitrust fears worsen China tech giants selloff

HONG KONG (BLOOMBERG) - Alibaba Group Holding led a selloff in Chinese tech giants triggered by fears antitrust scrutiny will spread beyond Jack Ma’s Internet empire and ensnare more of the country’s most powerful corporations.China’s e-commerce leader on Monday (Dec 28) raised a proposed stock buyback programme by US$4 billion (S$5.3 billion) to US$10 billion, effective for two years through the end of 2022. The buyback programme, which began this quarter, failed to stem a slump in the shares, which slid more than 5 per cent in Hong Kong to a six-month low.Once hailed as the...

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Dec 28
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Indian army officer accused of planting weapons on bodies of labourers killed in Kashmir

Indian army officer accused of planting weapons on bodies of labourers killed in Kashmir

SRINAGAR, INDIA (AFP) - Indian police on Sunday (Dec 27) accused an army officer and two associates of planting weapons on the bodies of three labourers killed in Kashmir to make it look as though they were militants in a staged gun battle.Their July deaths sparked a furore in the Indian administered side of the Himalayan region that is also claimed by Pakistan.The army had claimed that the three men were killed in a gun battle in the village of Amshipora in south Kashmir and that three weapons were found on them. The bodies were hurriedly buried in a remote border area.The men's families...

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Dec 27
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