Author: IA PressRoom

Derek Chan, 34, has a dream, and he’ll work 16 hours a day to achieve it. He knows it won’t be easy — but Singaporean millennials know life is all about the hustle. Derek Chan drives Grab on the side while launching his business. Derek Chan fFrom 8 a.m. to 5 p.m., Chan works on launching his new solo venture, a B2B consultancy business. Then, from 5 p.m. to midnight, it’s time for his side hustle: driving a rented car for Grab, a ride-hailing company.In April, he quit his job at a government-owned research company, which paid 100,000 Singapore dollars,…

© Reuters. FILE PHOTO: Governor of the Reserve Bank of Australia (RBA) Philip Lowe attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 16 July 2022. Made Nagi/Pool via REUTERS By Stella Qiu SYDNEY (Reuters) -Australia’s central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures, even as risk of a steep economic downturn heightens with data showing GDP expanded at its weakest pace in 1-1/2 years last quarter. Reserve Bank of Australia Governor Philip Lowe said the assessment of inflation risks has changed in…

© Reuters. FILE PHOTO: Tesla Chief Executive Officer Elon Musk leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang/File Photo By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla (NASDAQ:)’s Elon Musk and Goldman Sachs (NYSE:)’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of meetings with government officials, local staff and business partners. Media events and other public engagements, once frequent before the pandemic, are…

Source: AdobeCoinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.Paul Grewal, chief legal officer at Coinbase, faced lawmakers hours after the exchange was charged by the SEC for not registering with it. That came after months of talks with the SEC on how to register Coinbase, Grewal told lawmakers at a House Agriculture Committee hearing. “We were simply dismissed with no response or any counter proposal or ideas coming back from the SEC,” Grewal said. Coinbase was sued by…

© Reuters Investing.com– Most Asian currencies were muted on Wednesday as weaker-than-expected economic prints from China and Australia soured sentiment towards the region, while anticipation of an upcoming Federal Reserve meeting also weighed. The reversed early gains and traded flat after data showed the country’s sank to a 13-month low in May, driven chiefly by a surprise tumble in . The reading showed that overseas demand for Chinese goods remained weak amid worsening economic conditions across the globe, presenting new headwinds for China as it struggles to recover from three years of COVID disruptions. The was flat as the country’s…

franckreporter Shares of NovoCure Limited (NASDAQ:NVCR) reached a 52-week low on Tuesday after the medical device maker and its China-based partner Zai Lab (ZLAB) posted late-stage data for their cancer treatment device, Tumor Treating Fields (TTFields), in patients with lung cancer. According to the companies, the device, which creates an electric field to control tumor cell growth, reached the primary endpoint in a Phase 3 trial named LUNAR for patients with non-small cell lung cancer (NSCLC). Meeting the main goal in LUNAR, TTFields along with checkpoint inhibitors (ICI) or chemotherapy docetaxel indicated a three-month statistically significant improvement in median overall…

Russia’s top diplomat on Tuesday blamed the US for the breach in the Kakhovka dam. He claimed that Kyiv was “encouraged” by the West to flood the Dnipro River. He said Ukraine used US-supplied HIMARS to attack the dam, citing a media report from December. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Russia’s representative to the United Nations on Tuesday blamed the West for the breach of the critical Kakhovka dam, saying US-supplied weapons caused the collapse.Calling the breach a “terrorist plan,” top…

UK hopes of securing a quick deal to deepen digital trade ties with the US have run into the diplomatic sands amid growing resistance to such pacts in Washington, technology industry insiders have warned.The sector’s frustrations emerged as Prime Minister Rishi Sunak landed in Washington for a meeting with President Joe Biden at which the two leaders are expected to seek closer economic ties.Tech groups have been hoping for London and Washington to forge ahead towards a deal to boost digital transactions, even if they have ruled out talks on a more comprehensive free trade agreement for now. In April…

© Reuters. Investing.com– Oil prices were muted in Asian trade on Wednesday as fears of slowing economic growth offset any optimism over more supply cuts by the OPEC, while mixed U.S. inventory data for the week of Memorial Day also dented sentiment.  While oil prices had marked strong gains at the beginning of the week after Saudi Arabia pledged more production cuts, they later reversed all gains following a string of weak economic readings.  OPEC members apart from Saudi Arabia, particularly Russia, also appeared to be keeping production steady.  Still, the U.S. Energy Information Administration (EIA) said that oil markets…

Portions of a new Florida law signed by Republican Gov. Ron DeSantis last month banning transgender treatments for children were temporarily blocked Tuesday by a Federal judge appointed by former President Bill Clinton.”Gender identity is real. The record makes this clear,” Judge Robert Hinkle wrote in a 44-page preliminary injunction against parts of SB 254, adding that there was no basis for the state to deny treatment to patients. The injunction prevented the ban from being applied to three children already receiving treatment whose parents are part of a lawsuit against the state over the law. He claimed they would “suffer…