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‘Arrogant' and ‘Wrong': Australia Slams Facebook's Move to Block News as Unnecessary and Heavy-Handed
Facebook’s decision was in response to a proposed media law in Australia that will require online platforms to pay news outlets for content.
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Singapore Sets Aside Over $8 Billion in 2021 Budget for New Covid Support Package
Finance Minister Heng Swee Keat said the funds will be used to support Covid vaccination efforts and economic segments hit hard in the pandemic.
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Singapore Is Set to Release Its 2021 Budget. Here's Why This Budget Could Be an ‘Unusual' One
Finance Minister Heng Swee Keat will announce Singapore’s budget for 2021 on Feb. 16.
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CEO of Singapore's Largest Bank Says It Sees ‘Signs of Strength' in Most of Its Markets
Some Asian countries have bounced back from the economic pain of Covid-19 and that bodes well for the 2021 outlook, according to Piyush Gupta, CEO of DBS.
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Singapore Prime Minister's Wife Ho Ching to Step Down as CEO of $230 Billion State Investor
Temasek is one of the world’s largest investors. Its portfolio value stood at 306 billion Singapore dollars ($230 billion) as of March 31 last year.
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China Stocks Could Pull Back as Investors Are Complacent in Their Policy Expectations, Strategist Says
Investors are factoring in easy policy ahead in China despite authorities “explicitly” signaling a move toward normalization, warns BCA Research’s Jing Sima.
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Japan's State of Emergency Is Seen Having Limited Impact on the Economy
This latest state of emergency in Tokyo and three other areas was announced last week, in a bid to combat the latest surge in coronavirus infections.
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$150 Billion Wiped Off Cryptocurrency Market in 24 Hours as Bitcoin Pulls Back
Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.
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‘Missile-Like' Object Found in Indonesian Waters Is a Chinese Underwater Drone, Says Defense Analyst
It was the third identical autonomous underwater glider found in Indonesian waters within two years, according to defense analytics firm Janes.
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These Sectors Are Set to Do Well in 2021 If India Can Avoid a Second Wave of Covid
Indian markets have performed relatively well in recent months following a sharp sell-off in March.
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Covid Pandemic Could Bring ‘a Lost Decade' of Economic Growth, World Bank Says
The World Bank said said growth prospects were already weakening before the pandemic — and the global Covid outbreak will likely worsen that slowdown.
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Samsung to Launch Its Newest Galaxy Smartphones on Jan. 14, Earlier Than Usual
Samsung’s launch is set to happen in the same week as the digital-only CES 2021.
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Covid Pandemic Sends Singapore's Economy to Its Worst Ever Recession in 2020
Singapore’s economy contracted by 5.8% year over year in 2020, better than official forecast for an annual contraction of between 6% and 6.5%.
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German Firm Says Indoor Vertical Farm in Singapore Will Produce 1.5 Tons of ‘Leafy Greens' Every Day
Henner Schwarz, CEO of German firm &ever, said that his company’s new indoor vertical farm in Singapore will produce 1.5 tons of “leafy green” produce per day.
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Bitcoin's Gains Don't Seem ‘So Wild' Compared to Stocks Like Tesla, Crypto Strategist Says
Tesla’s shares have soared more than 676% so far in 2020. Meanwhile, bitcoin has risen about 220% as of midnight EST Tuesday, according to Coin Metrics.
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After ‘Cruise to Nowhere' Returns Early, Singapore Says Passenger Does Not Have Covid
The passenger was aboard Royal Caribbean’s Quantum of the Seas that set sail on Dec. 7 for a round trip to the city-state with no port of call in between.
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Singapore's ‘Cruise to Nowhere' Forced to Return Early After Passenger Tests Positive for Covid
Singapore has been testing trips where cruises make round trips to the city-state with no port of call in between.
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India's Central Bank Keeps Interest Rates Unchanged as Inflation Remains High
The Reserve Bank of India held its benchmark repo rate — the rate at which it lends to commercial banks — at 4%.
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Completely Driverless Cars Are Being Tested in China for the First Time
Alibaba-backed AutoX said this is the first time a “completely autonomous fleet” without any safety drivers or remote operators is on the streets of China.
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Credit Suisse Says Asian Stocks Will Kick Off an ‘Earnings Super-Cycle' in 2021
The Swiss bank forecast 19% in U.S. dollar returns for the MSCI Asia ex-Japan Index between now and the end of 2021, compared with 15% globally.