Singapore’s inflation rate has slowed to its lowest level since February 2021, reaching 2.1% year-on-year in January 2025. The Monetary Authority of Singapore (MAS) credits this achievement to proactive government measures aimed at curbing rising food and housing prices. A stronger Singapore dollar, supported by MAS policies, has also played a key role in reducing […]
Crypto exchange Bybit suffered a massive security breach on February 21, 2025, resulting in the theft of $1.5 billion in cryptocurrency. The heist, one of the largest in history, has raised serious concerns about the security of digital asset platforms. Bybit announced the breach in a statement, saying, “We are working with cybersecurity experts and […]
The potential increase in Russian gas flows to Europe could have far-reaching implications for Asia’s energy markets. As Europe reduces its reliance on Russian energy, Asia may face tighter supplies and higher prices for liquefied natural gas (LNG). Countries like Japan, South Korea, and China, which depend heavily on LNG imports, could see their energy […]
President Donald Trump announced on February 21, 2025, that he will impose retaliatory tariffs on countries implementing digital taxes targeting U.S. tech companies. The tariffs, which could take effect as early as Friday, are aimed at countries like France, Italy, and the United Kingdom. “These digital taxes unfairly target American companies, and we will not […]
The U.S. stock market saw mixed results on February 20, 2025, with the Dow Jones Industrial Average gaining 0.2%, while the Nasdaq Composite slipped 0.3%. The S&P 500 remained relatively flat, dipping just 0.1%. Investors are focused on inflation data and Federal Reserve policy signals, which could impact future interest rate decisions. Strong earnings from […]
The Trump administration has unveiled a plan to boost U.S. natural gas exports to Asia, aiming to reshape the region’s energy supplies and strengthen economic ties. The initiative, announced on February 21, 2025, focuses on expanding liquefied natural gas (LNG) infrastructure and securing long-term supply agreements with key Asian markets. Countries like Japan, South Korea, […]
The Trump administration has announced plans to lay off 6,700 employees at the U.S. Internal Revenue Service (IRS) on February 20, 2025. The downsizing is part of a broader effort to streamline government operations and reduce costs. The layoffs will impact various departments, including auditing, customer service, and IT. IRS Commissioner John Smith emphasized that […]
Alibaba Group’s stock surged in Hong Kong on February 21, 2025, following the release of a strong earnings report that exceeded market expectations. The Chinese e-commerce giant reported revenue of 45.6 billion for the quarter, beating estimates of 43.8 billion. Net income also came in higher than expected at $8.2 billion. The company’s cloud computing and […]
Bitcoin traded within a narrow range this week as investors awaited clarity on U.S. tariffs and the Federal Reserve’s interest rate decisions. The cryptocurrency inched up by 0.2% to $96,811.1, reflecting a lack of significant momentum. Altcoins showed mixed performances, with Ethereum (ETH) rising 0.5% to 2,728.8 and XRP dropping 1.3 2.7028. Solana gained 2%, Cardano […]
The People’s Bank of China (PBOC) announced on February 20, 2025, that it would maintain the Loan Prime Rate (LPR) at current levels. The one-year LPR remains at 3.45%, while the five-year LPR stays at 4.20%. This decision reflects China’s cautious monetary policy stance as the economy continues to recover. Despite a 5.2% GDP growth […]