Artificial Intelligence (AI) is making significant inroads into various industries, and Singapore is no exception. Recent findings from Slack’s Workforce Index indicate that 52% of Singaporean employees are currently utilizing AI in their work processes. This statistic is not merely indicative of a trend; it reflects a transformative shift in how work is structured and
World
On a memorable Thursday morning, President-elect Donald Trump marked a significant milestone by ringing the opening bell at the New York Stock Exchange (NYSE). This event symbolizes not just a ceremonial obligation, but also an assurance to Wall Street executives and traders that a fresh era of economic ambitions lies ahead. Trump’s presence at the
In a striking turn of events, Tesla Inc. saw its shares reach an unprecedented high on Wednesday, eclipsing its previous record set in 2021. Driven by a combination of post-election euphoria and renewed investor enthusiasm, the stock soared to an intraday value of $415, outperforming its earlier peak by a narrow margin. This rally isn’t
Aleppo, once Syria’s bustling commercial hub, finds itself once again embroiled in conflict, marking the first significant clash between insurgents and government forces since 2016. This resurgence of violence has reverberated through the region, which is already grappling with the repercussions of concurrent conflicts across the Middle East, particularly in Gaza and Lebanon. Witnesses report
India’s economic landscape has recently been marked by a significant slowdown, with the country’s GDP expanding by merely 5.4% in the second fiscal quarter ending in September. This figure falls far short of predictions from economists and represents a near two-year low, following a more robust growth of 6.7% in the preceding quarter. Economists surveyed
In a surprising strategic move, the Bank of Korea (BOK) announced a 25 basis point reduction in its benchmark interest rate on Thursday. This decision marks a significant shift in monetary policy as it is the first instance of consecutive cuts since 2009, following a similar reduction in October. The central bank had been expected
The recent announcement of a 10% drop in industrial profits for China in October is an alarming indication of deeper economic challenges within the nation. Marking the third consecutive month of declining profits, this downward trajectory paints a grim picture for Beijing’s ongoing efforts to stabilize the economy through stimulus measures. The decline in October
The recent announcement by President-elect Donald Trump regarding an additional 10% tariff on all Chinese imports has stirred significant discussions in both domestic and international circles. Scheduled to be inaugurated on January 20, Trump has articulated a clear message: he intends to strengthen America’s economic stance against what he perceives as unfair trade practices. His
Recent developments in the financial markets have left a significant impression on investors, largely influenced by political and economic leadership appointments. On a notable Monday, major indices, including the Dow Jones Industrial Average and S&P 500, reached unprecedented highs, driven by optimism surrounding President-elect Donald Trump’s selection of Scott Bessent as the new Treasury secretary.
As the political landscape in the United States evolves, investors face new challenges and uncertainties, particularly concerning government spending and contracts. The recent announcement regarding the formation of the Department of Government Efficiency (DOGE) under the incoming administration of President-elect Donald Trump has raised red flags among analysts and investors alike. The ambitious cost-cutting objectives