The three Zumwalt-class destroyers in the US Navy cost roughly $22.4 billion in research and development. Despite the high cost, one analyst believes the Zumwalt are a “failed ship concept.” According to the Associated Press, the ship cost twice as much as some of the Navy’s most formidable ships, the Arleigh Burke-class destroyers. The USS … Read more
Solid Power’s pilot manufacturing line has begun producing solid-state EV batteries for internal testing. Later this year, the business will begin selling batteries for testing to Ford and BMW. If all goes well, mass production might begin as early as 2024. Solid Power, a Colorado-based battery start-up sponsored by BMW and Ford Motor, announced the … Read more
However, whereas Singapore has made steady progress toward reopening in recent months, Hong Kong remains trapped in limitations that opponents argue are losing it business and talent, with Singapore reaping the benefits. Travel has increased in recent weeks as the city has eliminated mandatory quarantines. When Daniel Chow left Singapore for a job in Hong … Read more
Following Sebi’s charges against six individuals for front-running India Infoline Group (IIFL Group) trades. The IIFL AMC has emphasised that these individuals have no connection to the mutual fund sector. “ Santosh Singh and his accomplice have been penalised in this order, the AMC said. Following Sebi charges against six individuals for front-running India Infoline … Read more
The United States and South Korea launched eight ballistic missiles into the sea on Monday, mirroring a North Korean missile parade. It was North Korea’s 18th wave of missile testing in 2022, which included the country’s first intercontinental ballistic missile launches in nearly five years. The US and South Korean militaries launched eight ballistic missiles … Read more
China’s services activity declined for the third consecutive month in May, indicating a gradual recovery ahead despite. Lifting of several COVID lockdowns in Shanghai and neighboring areas. China’s nationwide survey-based unemployment rate rose to 6.1 percent in April. BEIJING – According to a private company survey released on Monday, China’s services activity declined for the third … Read more
The S&P 500 and Nasdaq futures both rose 0.1 percent. Domestically, the Reserve Bank is expected to announce the outcome of its Monetary Policy Committee meeting on June 8 and is expected to hike interest rates. Today’s stock news Nifty futures on the Singapore Exchange traded at 83 points, indicating that Indian equity markets will begin … Read more
In addition to fulfilling the financing needs of SMEs as Proxtera’s first participating digital wholesale bank in Singapore MoU has been signed with Proxtera to collaboratively design and establish an open framework for all participating financial institutions. SINGAPORE: ANEXT Bank, a Singapore-based digital wholesale bank and wholly-owned subsidiary of Ant Group, announced its soft launch … Read more
UK is many months ahead of Australia in terms of where the energy crisis is headed. Both countries experiencing increasing power costs as a result of a variety of issues ranging from the war in Ukraine to low gas stockpiles and increased demand for gas in Asia. According to Savage, smaller Australian energy retailers will … Read more
No word on new funding, ed-tech startups are unsure about their future. How can ed-tech startups survive this crisis? As a result of the pandemic, much of the country’s $180 billion education sector went online. In 2021, Indian ed-tech firms raised $4.7 billion, up from $2.2 billion in 2020. As the pandemic subsided, India’s ed-tech … Read more
The programme provides cash to minority-owned businesses, businesses in low-income areas, and firms who are having difficulty obtaining finance. The federal government is putting up $10 billion, and all small enterprises in the country are eligible. The programme is known as the state small business credit initiative, or SSBCI, and it operates in the following … Read more
Following concerns that its decision to limit wheat exports could worsen the global food supply situation in the aftermath of the Ukraine war, India has defended its stance. Embargo was announced in India on May 13th, after extremely hot weather damaged the wheat crop, sending local prices skyrocketing. Following concerns that its decision to limit … Read more
Asian equities fell in early trade on Monday. The Caixin Services Purchasing Managers’ Index for China is scheduled to be released on Monday at 9:45 a.m. HK/SIN. South Korean markets are closed on Monday due to a holiday. SINGAPORE — Asia-Pacific stocks fell in early trade on Monday, ahead of the release of a … Read more
S&P 500 futures and Nasdaq 100 futures were both flat. The Dow down 0.9 percent for the ninth time in ten weeks, while the S&P 500 Nasdaq Composite slid 1.2 percent and 1 percent, respectively, for their eighth losing week in nine. After a bad week, stock futures were little changed in overnight trading Sunday … Read more
New York State Assembly on Friday, requiring Amazon and other corporations to reveal production targets to workers. If New York Governor Kathy Hochul (D) signs it into law, it will also prevent employees from being forced to forgo lunch or restroom breaks in order to reach targets. The Warehouse Worker Protection Act (WWPA) was enacted … Read more
According to Morgan Stanley co-President Ted Pick, global markets are in the midst of a fundamental transition following a 15-year period characterized by low interest rates and inexpensive corporate debt. The shift from the economic conditions that followed the 2008 financial crisis to whatever comes next, he said last week at a finance conference in … Read more
Ethiopia’s drought-affected regions include Somalia, Oromia, the Southern and South-West regions. According to the UN, Ethiopia’s persistent drought has left 4.4 million people in need of water aid. According to UNOCHA, Ethiopians East African country’s climate-induced drought is the worst in 40 years, with four consecutive failed rainy seasons since late 2020. Read More: Elon … Read more
Those injured varied in age from 16 to 21 years old and were from Chesterfield or adjacent areas. Badgerow, the party, which had been advertised on social media, drew between 50 and 100 people. Police reported Saturday that a 20-year-old man was killed and seven other young people were injured after gunshots erupted during a … Read more
