'Woefully out of balance': U.S. debt surpasses $37 trillion
The U.S. national debt has exceeded $37 trillion, raising fears that the country's sea of red ink is rising faster than expected. Source link
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Food Empire reported a net loss of US$1.5 million for the first half-year ended Jun 30, the group said in a bourse filing on Wednesday (Aug 13). This resulted from a US$32.6 million fair…
Britain, France and Germany threaten to reimpose sanctions on Iran as nuclear program deadline nears
The top diplomats of Britain, France, and Germany threatened to reimpose sanctions on Iran as an end-of-the-month deadline nears for the country to resume negotiations with the West over…
CSE Global H1 earnings up 8.5% to S$16.3 million, boosted by growth of communications business
Technology solutions provider CSE Global reported a profit of S$16.3 million for the first half of FY2025, up 8.5 per cent from the corresponding period in 2024. Revenue for H1 was up 2.8…
Nanofilm back in the black with H1 net profit of S$1.6 million
Nanofilm Technologies reported a net profit of S$1.6 million for the first half of the year, reversing from a net loss of S$3.7 million in the year-ago period. Revenue rose 29.6 per cent…
GoTo posts fourth straight adjusted profit, helped by cost cuts
Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting revenue amid stiff competition in ride-hailing and…
Polanski’s Perfectly Timely J’accuse
An Officer and a Spy parallels the devastating history of the Dreyfus Affair with lawfare. Source link
What an Acceptable Russia-Ukraine Deal Might Look Like
The best that can be hoped for is an armistice with an underpinning firm enough to deter Russia from resuming its war when it is ready. Source link
A Tax Law for Manufacturers, but a Trade Policy Against Them
While the OBBBA tries to buoy manufacturing, President Trump’s tariffs are an anvil dragging the sector down. Source link
New York Is Grappling with Its Own Kind of Mayhem
While Trump cracks down on D.C. violence, Gotham is in a similar situation; crime is dropping, but is still too frequent and arbitrary to give residents comfort. Source link
ComfortDelGro’s H1 2024 earnings rise 11.2% to S$106 million
Transport operator ComfortDelGro (CDG) reported on Wednesday (Aug 13) an 11.2 per cent increase in earnings for the first half of 2025 to S$106 million, from S$95.3 million in the year-ago…
Singapore stocks track regional gains; STI up 1.2%
Shares on the local bourse ended higher on Wednesday (Aug 13), following three consecutive sessions of declines. The rebound came as regional markets also closed higher, buoyed by the…
Coming of Age in Panic Mode
The books of Michael Clune, or at least the ones written for a nonacademic audience, have focussed on very particular chapters of his life. “White Out: The Secret Life of Heroin” is a…
The Revenge of Millennial Cringe
In the summer of 2009, a shambolic Los Angeles band called Edward Sharpe and the Magnetic Zeros released a single titled “Home.” A romantic duet between the group’s founder and lead…
US embeds trackers in AI chip shipments to catch diversions to China: sources
US authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk of illegal diversion to China, according to two people…
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation said. The company, backed by Singapore state investor…
DBS sees rising demand for yuan settlements from Chinese exporters
DBS Group, South-east Asia’s largest lender by assets, is seeing growing interest from Chinese exporters to settle trades in renminbi (RMB), or yuan, particularly with counterparts in…
Japan's Nikkei tops 43,000 for first time ever
Japan’s Nikkei share average breached the 43,000-mark for the first time on Wednesday (Aug 13), with the broader Topix index also scaling a fresh all-time peak, tracking Wall Street’s…
Paytm shares surge after RBI grants payment aggregator license
Payment aggregators are platforms that provide diverse payments options to customers, including merchants Shares of One 97 Communications surged to the highest level in over three…
Stoneweg Europe Stapled Trust DPS falls 7% to 0.06553 euro for H1 amid higher interest expenses
Stoneweg Europe Stapled Trust (Sert) on Wednesday (Aug 13) posted a distribution per stapled security (DPS) of 0.06553 euro for its first half ended Jun 30, 2025, 7 per cent down from a…
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet opulence, his wealth secured in offshore accounts and real…
Circle falls after company, holders offer 10 million shares
Shares of Circle Internet Group fell after the second-largest stablecoin issuer and a group of shareholders, including co-founder and chief executive officer Jeremy Allaire announced an…
Japan starts anti-dumping probe into Chinese, South Korean steel goods
The decision follows an application in April by four firms, including Nippon Steel and Kobe Steel Japan will begin an anti-dumping probe into some Chinese and South Korean steel…
Pony AI nears full-year robotaxi target despite scaling hurdles
Robotaxi services revenue has climbed 158% to US$1.5 million in the second quarter from the same period in 2024 Pony AI said that it was confident it would meet its 2025 robotaxi…