LONDON (Reuters) – Britain’s financial watchdog is being taken to court over its handling of an investigation into Royal Bank of Scotland’s (RBS.L) restructuring unit which has been criticized for its treatment of small businesses after the 2008 financial crisis. Scottish businessman and frequent RBS critic Neil Mitchell has filed an application for a judicial […]
LONDON (Reuters) – Businesses across Europe hit the brakes last month as a manufacturing slowdown in the euro zone spread to its dominant service industry, while Brexit uncertainty hammered British companies, surveys showed. The downbeat surveys will make disappointing reading for policymakers at the European Central Bank and Bank of England, as well as for […]
SINGAPORE – The Land Transport Authority (LTA) could soon be adding autonomous robots to its arsenal of security measures at transport nodes here. One such robot was deployed at the Hougang MRT station on Wednesday (Dec 5) during an emergency preparedness exercise to test its navigational and surveillance capabilities. “The use of unmanned robots could […]
KUALA LUMPUR – Malaysia said on Wednesday (Dec 5) that its new Johor Baru port limits do not encroach into Singapore waters, responding to a statement from Singapore’s Ministry of Transport a day earlier which said the purported extension of port limits and repeated intrusions by Malaysian government vessels into Singapore territorial waters were a […]
SINGAPORE – Mr Esa Han Hsien Masood, 39, will be the youngest ever to lead the Islamic Religious Council of Singapore (Muis) as its chief executive from Jan 1, and he knows his age could be an issue to some. In a media interview on Tuesday (Dec 4), he acknowledged such concerns and said he […]
MANILA – The Philippines has feted a Singapore non-profit organisation for its years-long work to help domestic workers in the Republic. President Rodrigo Duterte conferred the Kaanib ng Bayan (Nation’s Partner) Award on Wednesday (Dec 5) to the Foreign Domestic Worker Association for Social Support and Training (Fast). The organisation, a charity supported by the […]
SINGAPORE – As the authorities mull over measures to help people cut their sugar intake, what do Singaporeans think is the best way to curb a sweet tooth? Most readers who took part in a poll by The Straits Times believe that a total ban on pre-packed high-sugar drinks is the best option among four […]
SINGAPORE (Reuters) – Oil prices fell on Wednesday, pulled down by a U.S. supply glut and a drop in stock markets as China’s government warned of increasing economic headwinds and as Japan was expected to report another quarter of GDP contraction. International Brent crude oil futures LCOc1 were at $61.14 per barrel at 0705 GMT, […]
NEW DELHI – Many projects are set to take off in the coming months in Amaravati, said officials involved with the development of Andhra Pradesh’s capital city. The Amaravati capital region is being built on 7,420 sq km of agricultural land on the banks of the Krishna river between the cities of Vijayawada and Guntur. […]
TOKYO (Reuters) – The dollar remained under pressure on Wednesday after the U.S. bond market sent worrisome signs about economic growth overnight, adding to fears that the Federal Reserve could put its rate-hike cycle on hold. The Australian dollar slumped against the greenback on worse-than-expected quarterly economic growth, reversing the early gain booked after China’s […]