World News
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Sponsored Digital nomading in Chiang Mai? What US$1,000 a month really gets you
Chiang Mai has become a popular destination for digital nomads due to its low living costs, rich culture, and active remote work community. The city offers affordable housing, tasty food, reliable internet, and many co-working spaces, making it a great...
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WhatsApp in-chat payments roll out in Singapore: A new chapter for SMEs or a security risk?
Digital payments are transforming rapidly, and WhatsApp’s recent decision to launch in-chat payments in Singapore highlights this change. The move by Meta, WhatsApp’s parent company, is expected to have a significant impact on local businesses and increase competition among the region’s e-payment providers. However, concerns also arise around security, privacy, and the potential for scams and fraud. With a user…
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US and China diplomats meet in Vienna for talks amid soaring tensions
US National Security Advisor Jake Sullivan and top Chinese diplomat Wang Yi gathered in Vienna this week for talks aimed at maintaining communication between Washington and Beijing amid soaring tensions, particularly over Taiwan. The two officials engaged in eight hours of discussions in the Austrian capital, covering a range of topics, including the Russian invasion of Ukraine and Taiwan –…
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Biden and senior Republicans meeting postponed for further staff discussions
Crunch negotiations between US President Joe Biden and senior Republicans have been delayed until early next week, allowing staff to continue their discussions, according to a statement from the White House yesterday. An insider familiar with the talks between the Democratic and Republican leaders described this as a positive development, implying that it was not the right time for the…
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Revolut CFO Mikko Salovaara resigns amid banking licence delays
Financial technology company Revolut announced yesterday that its Chief Financial Officer, Mikko Salovaara, aged 31, will be departing the firm after two years in the position. A spokesperson for the London-based start-up cited “personal reasons” as the cause for his resignation. At this time, no successor has been named by Revolut. The company has been going through a challenging period…
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Brothers, 6 and 3, take parents’ car for joyride in Malaysia
A six year old boy in Malaysia put his three year old brother in the passenger seat of his parent’s car and took it for a 2.5 kilometre joyride before crashing into a lamppost late Tuesday night. The motive? They wanted to buy a toy car. After the boys’ father fell asleep, they waited for their mother to go to…
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G7 finance leaders gather amid US debt ceiling standoff and recession fears
A standoff over raising the US debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders, heightening US recession fears as central banks seek a soft landing for the global economy. President Joe Biden recently urged Republican lawmakers to move quickly to raise the limit on the government’s permitted borrowing from the current US$31.4 trillion or risk throwing…
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Austrian billionaire’s Nazi-linked jewel collection fetches over $155 million at auction
Jewellery once owned by Austrian billionaire Heidi Horten, who passed away last year at the age of 81, has fetched over US$155 million in a recent controversial auction held in Geneva by Christie’s. The auction faced criticism from Jewish groups due to connections to Horten’s husband, who made his fortune under the Nazis. However, Christie had argued that the sale…
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Gaza violence escalates as Israel and militants trade heavy fire
Overnight, Israel’s army and Gaza militants exchanged heavy cross-border fire, resulting in at least 22 Palestinians killed over two days. This marks the worst escalation of violence to impact the coastal territory in months. In response to incoming rocket attacks, sirens blared in the Tel Aviv area and Israel’s south. There were reports of launches from Gaza, while Israeli officials…
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Iran’s traditional wooden lenj boats face extinction as modern vessels take over
Hassan Rostam, a 62 years old Iranian captain, has navigated the Strait of Hormuz aboard his traditional wooden lenj for four decades. However, he sadly witnesses these hand-built vessels being replaced by more economical, faster boats. Lenjes have sailed Gulf waters for centuries, their unique form reflecting regional maritime customs similar to the dhows of the Arabian Peninsula. Rostam, who…
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Record number of internally displaced people due to overlapping crises
An unprecedented “perfect storm” of overlapping crises forced tens of millions to flee within their own countries last year, sending the number of internally displaced people (IDPs) soaring to an all-time high. In 2022, a record 71.1 million IDPs were registered, up 20% from the previous year. This staggering increase was a result of mass displacement due to Russia’s war…
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Streaming platforms battle for anime market dominance
As anime’s popularity continues to reach new heights, major streaming platforms are vying for dominance in the lucrative market. Fuelled partly by the pandemic, this animated genre has grown into a multi-billion-dollar industry, with the global market valued at US$28.6 billion in 2022, according to Grand View Research, and expected to double by 2030. Aya Umezu, CEO of Tokyo-based entertainment…
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China increasingly uses yuan for trade with Russia, sidelining the dollar
China has significantly raised its use of the yuan for purchasing Russian commodities in the past year, with almost all its procurement of oil, coal, and some metals from the neighbouring country now settled in the Chinese currency instead of US dollars, multiple trading executives with direct knowledge of the situation have revealed. The shift towards using the yuan to…
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China’s consumer price index sees slowest growth in two years
China’s consumer prices experienced a slow increase over the past two years in April, with factory gate deflation becoming more pronounced, according to recent data. This outcome has prompted conjecture that additional stimulus activities may be necessary to enhance the uneven post-pandemic economic recovery. In April, the consumer price index (CPI) increased by 0.1% year-on-year, making it the lowest level…
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Disney reduces streaming losses but sheds subscribers as earnings meet expectations
Walt Disney has reported a reduction in streaming losses by US$400 million from the previous quarter; however, the company also experienced a drop in subscribers. The entertainment giant shared this information on Wednesday as part of its recent quarterly earnings release, which fell in line with Wall Street expectations. Following the report, shares of Disney declined by 4.4% during after-hours…
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Extreme rainfall impacts China’s rice yields, study reveals
Extreme rainfall has reduced China’s rice yields by 8% over the past two decades, according to a study led by researchers from the country. The research, published in the peer-reviewed journal Nature Food, discovered that the effects of extreme rainfall on rice yields were similar to those of extreme heat. Projections show that by the end of this century, extreme…
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China’s shrinking birth rate impacts baby product manufacturers
A decline in China’s population is creating a challenging environment for the country’s baby and children’s product manufacturers, as domestic sales plummet and companies grapple with finding alternative revenue streams. As the world’s largest market for baby food and diapers, valued at US$37.9 billion annually, prepares to contract for the first time, firms are turning their attention to products for…
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Deep concern over Myanmar violence dominates Asean Summit
Southeast Asian nations expressed deep concern over the ongoing violence in Myanmar, condemning a recent attack on a convoy of diplomats delivering humanitarian aid in the country. The crisis in Myanmar, which is under junta rule, has been a dominant topic of discussion at this week’s Association of Southeast Asian Nations (ASEAN) Summit in Indonesia, as the regional bloc has…
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Myanmar peace plan progress lacking, says Indonesia’s president
Despite having agreed to implement a peace plan with the Association of Southeast Asian Nations (ASEAN) two years ago, Myanmar’s ruling military has made no significant progress, according to Indonesia’s president. Speaking on the second day of the ASEAN leaders’ meeting in Labuan Bajo, President Joko Widodo stressed the need for the bloc’s unity in deciding the next steps to…
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Fumio Kishida’s unexpected political comeback in Japan
It seems that remembering the name of Japan’s Prime Minister Fumio Kishida may be worth it after all, despite the nation’s rapid turnover of leaders. Kishida’s premiership began positively in late 2021 but faced challenges when ties between the ruling Liberal Democratic Party and the Unification Church became a focal point in the media after the killing of former leader…
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US prepares for migrant surge as Mexico border restrictions set to end
Tens of thousands of US law enforcement personnel have been deployed to the border with Mexico, according to officials, as waiting migrants voiced confusion and anger over an impending change to entry rules. The United States is preparing for a surge in people claiming refuge from political persecution, climate-related disasters, and poverty when pandemic-era restrictions expire overnight later this week.…
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Taiwan’s offshore wind farms amid China tensions and geopolitical risks
In the port city of Taichung on Taiwan‘s west coast, a crane hoists into place the final section of a white wind turbine tower that stands almost a hundred metres tall. This turbine will be one of 111 spinning at a multi-billion US dollar offshore wind project up to 60km into the Taiwan Strait. Constructed by Denmark’s Orsted, this project…
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Ukrainian journalist’s hedgehog rescue offers light amidst the devastation of war
Amid the devastation in Ukraine covered by AFP journalist Arman Soldin, 32 years old, one moment stands out as a touching act of kindness in the face of war—the rescue of a wounded hedgehog. Unfortunately, Soldin lost his life to rocket fire just days after sharing the heartwarming story on Twitter. The thread documents the journey of nursing the hedgehog…
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French PM Elisabeth Borne seeks removal of biography passages on her private life
French Prime Minister Elisabeth Borne, aged 62, has filed a lawsuit demanding the removal of certain sections of a recently published biography, claiming that they breached her privacy. The biography was written by journalist Berengere Bonte and released by the Archipel publishing house. The legal complaint, brought before a court in Nanterre near Paris, identifies passages concerning Borne’s health, sexual…
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Fighting intensifies in Khartoum as Sudanese struggle with shortages
The Sudanese capital, Khartoum, and the city of El Obeid, located 350 kilometres southwest, are witnessing ongoing violent clashes, forcing many locals to flee their homes and face dangerous journeys across the country’s borders. For those unable to leave, food and essential supply shortages have become a pressing problem, with people relying on local charity networks and neighbours for survival.…
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Life with HIV: Long-term survivors share their experiences
Over three decades ago, receiving an HIV diagnosis was akin to being handed a death sentence. Many endured discrimination, devastating personal losses, and gruelling drug side effects. However, advances in treatment have enabled millions of individuals to live with this virus. To mark the 40th anniversary of the discovery of the virus responsible for AIDS, four long-term survivors shared their…
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UK prime minister defends police after anti-monarchist arrests during coronation
LONDON – UK Prime Minister Rishi Sunak defended the country’s police forces on Tuesday, emphasizing their operational independence after facing criticism for arresting anti-monarchists prior to a protest at King Charles III’s coronation. Sunak expressed his support for London’s Metropolitan Police, which had been condemned for detaining six members of the advocacy group Republic just hours before Saturday’s event. “They…
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Former PM Imran Khan arrested amidst political crisis and protests in Pakistan
Protests have broken out across Pakistan following the arrest of former prime minister Imran Khan during a court appearance in Islamabad. Khan is facing a multitude of charges since being ousted from power last year in what analysts believe is a tactic used by Pakistani governments to quieten their opponents. If convicted, Khan could be prohibited from holding public office,…
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US jury deliberates on Donald Trump’s liability in rape allegation lawsuit
New York – A US jury began deliberations on Tuesday to determine whether former president Donald Trump is liable for the alleged rape of an American former magazine columnist in the mid-1990s. If the nine jurors rule in favour of accuser E. Jean Carroll, it would mark the first time Trump has faced legal consequences over claims of sexual misconduct.…
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Moscow amusement park accident injures at least 20 people, including children
Shocking footage has emerged showing the horrifying moment that an amusement park ride broke down in mid-air, resulting in at least 20 individuals being injured, including eight children. The incident occurred at an amusement park in the eastern part of Moscow on May 8. Two of the injured individuals are in critical condition. The alarming video captures the chilling moment…
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Japan works towards opening NATO liaison office in Tokyo
Japan is progressing with plans to establish a NATO liaison office in Tokyo, according to Japan’s ambassador to the US, Koji Tomita. Speaking at an event held by the National Press Club in Washington, Tomita referred to a report by Nikkei Asia earlier this month, which stated that the US-led alliance intends to open the office – it’s first in…
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