(Reuters) – Boeing narrowly missed a “catastrophic failure” during its December flight test of an unmanned space taxi that was cut short by an unrelated problem, a NASA safety review panel said Thursday, recommending that the agency examine Boeing’s software verification process before letting it fly humans to space. The newly revealed software bug, which […]
Housing benefit payments for young Universal Credit recipients are not enough to cover the average rent of a room in a shared house in almost all of England's local authorities, new analysis shows. Leading charities have called on the Government to rethink the "illogical and confusing" system, which they say leaves vulnerable young people, including […]
SINGAPORE- Listed housing developers “with a substantial connection to Singapore” can apply to be exempted from the qualifying certificate (QC) scheme, which imposes certain conditions when they buy residential land for development. The Ministry of Law announced on Thursday (Feb 6) that it will allow these developers to be treated as a Singapore company under […]
TOKYO (Reuters) – Oil futures rose for a second day on Thursday as investors took optimism around unconfirmed reports of possible medical advances to combat the coronavirus outbreak in China as a sign fuel demand could rebound in the world’s biggest oil importer. Prices also gained after a government report on Wednesday showed U.S. gasoline […]
(Reuters) – The benchmark S&P 500 posted a record closing high on Wednesday as U.S. stocks rallied for a third straight day on encouraging U.S. economic data and waning fears of the financial fallout from the corona virus in China. The Nasdaq also notched a record close but steep losses in Tesla shares limited the […]
NEW YORK (Reuters) – When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished. While the start-ups are experiencing fast growth at home, a crowded market, […]
(Reuters) – U.S. stocks rallied for a third straight day on Wednesday on encouraging U.S. economic data and waning fears of the financial fallout from a virus out of China but losses in Tesla shares pulled the Nasdaq off its record high. The ADP National Employment Report showed private payrolls jumped by 291,000 jobs in […]
SINGAPORE – Economist Song Seng Wun was all set to take part in a panel discussion at the Singapore Exchange (SGX) annual Active Traders Fair on Feb 22 until the coronavirus stepped in and led to the event being cancelled. “I dont blame them. They have to take precautionary measures,” noted Mr Song. At least […]
ISTANBUL (Reuters) – A run on the lira proved a pivotal moment for Turkey’s financial markets in 2018, prompting action from Ankara that has tilted the economy inward and frightened off foreign investors. Turkish President Tayyip Erdogan, his government and his deputies have said the measures taken tmsnrt.rs/378W6fq, which sparked an exodus of foreign money, […]
TOKYO (Reuters) – Asian stocks steadied on Wednesday as Chinese stocks nudged higher on hopes of additional stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.36%. Shares in […]