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SINGAPORE: China says it wants to cut crude steel output this year but traders and steelmakers are betting Beijing won’t follow through as industry profitability improves and trade tensions weigh on the economy. The world’s largest steel producer in March unveiled plans to cut output and restructure its giant steel sector to address overcapacity which has long plagued the industry and is spilling over into export markets and angering trade partners. But at the flagship Singapore International Ferrous Week conference, conversations with fifteen traders, steelmakers, analysts and hedge funds all had the same message: the cuts are unlikely to be…

[SINGAPORE] Singapore households have been racking up more debt since the fourth quarter of 2023. Household balance sheet numbers from the Singapore Department of Statistics (SingStat) on Monday (May 26) showed that liabilities grew for the sixth straight quarter, rising 5.2 per cent in the first quarter of 2025 from the same period a year ago to S$384.1 billion.Professor of finance and real estate Qian Wenlan from NUS Business School said the debt situation bears watching. She said it makes financial sense for a family to take a loan for their home or other big-ticket items so they can free up…

LONDON — Britain’s biggest water company was fined almost 123 million pounds ($166 million) on Wednesday for releasing sewage into rivers and streams while paying dividends to its shareholders.Industry regulator Ofwat said that Thames Water must pay 104.5 million pounds for failing to protect the environment, and 18.2 million pounds for breaking rules related to dividend payments. It’s the biggest-ever penalty levied by the water watchdog.Ofwat said that the company, which provides water and sewage services to 16 million people in and around London, failed “to build, maintain and operate adequate infrastructure to meet its obligations” and also paid “undeserved…

5/26: The Takeout: Authors Brody and Luke Mullins – CBS News Watch CBS News For this edition of “The Takeout,” Major Garrett sits down with authors Brody and Luke Mullins to discuss their new book, “The Wolves of K Street.” The book argues that decades of lobbying members in Congress has not resulted in decisions benefitting the general public. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

TL;DR: Skip the Microsoft 365 fees and grab lifetime access to Microsoft Office Professional 2021 for Windows for just $49.97. Internet down? No problem. With Microsoft Office Professional 2021, you can keep working without skipping a beat. This offline suite installs directly onto your PC, so you can edit reports, build spreadsheets, and create presentations anywhere — no cloud access or internet connection required. And since it’s a one-time purchase, there are no surprise renewal fees. This suite includes all the essential productivity staples: Word, Excel, PowerPoint, Outlook, Teams (Free version only), OneNote, Publisher, and Access. Use Excel to crunch data offline, draft emails in Outlook without…

TOKYO :Long-dated Japanese government bond yields rose further from three-week lows on Wednesday, after demand at a closely watched 40-year bond auction dropped to its lowest level since July.The 40-year JGB yield jumped 9 basis points (bps) to 3.375 per cent, as of 0514 GMT, rebounding sharply from 3.285 per cent on Tuesday, its lowest point since May 7.The 30-year JGB yield advanced 10 bps to 2.93 per cent, from 2.83 per cent on Tuesday, which was the lowest level since May 2.The 20-year yield bounced 8 bps to 2.415 per cent, after tumbling to a three-week low of 2.31…

​ HO CHI MINH CITY, Vietnam, May 28, 2025 /PRNewswire/ — Huya Inc., in partnership with Guangzhou Broadcasting Network and Zing Mp3, is excited to launch the first-ever “Rising-Z” music competition for college students in Vietnam. This flagship event, part of the “Year of China-Vietnam Cultural Exchange,” is designed to foster closer cultural ties between young people from both countries. As the signature youth cultural brand of Guangzhou Broadcasting Network, “Can Sing” has captivated millions of students across the Greater Bay Area over the past three years. By integrating culture, tourism, and music, the event has become a driving force…

PROVIDENCE, R.I., May 28, 2025 /PRNewswire/ — EpiVax, Inc., a leader in preclinical immunogenicity assessment for biologic therapeutics and vaccines, is pleased to announce the appointment of Vibha Jawa, PhD, FAAPS as Chief Scientific Officer. Dr. Jawa succeeds EpiVax founder and Executive Chairwoman Annie De Groot, MD, who has transitioned from CSO to Chief Medical Officer.  Dr. Jawa brings over two decades of leadership in biologics, vaccine, and gene therapy development and immunogenicity strategy to EpiVax. Most recently, she served as Executive Director of Translational Medicine at Bristol Myers Squibb, where she led bioanalytical strategy, supporting PK- and immunogenicity-related preclinical…

​ SHANGHAI, May 28, 2025 /PRNewswire/ — On May 22nd, a delegation of over 20 representatives from Kazakhstan, including government officials and local residents, visited SUS Gaoling Project in Xi’an, China. Their goal was to witness firsthand how a waste-to-energy plant operates and to address their concerns about such facilities. Traditionally, waste-to-energy plants are perceived as sources of odor, pollution, and health risks, often leading to the “Not In My Backyard” (NIMBY) effect. However, the delegation’s visit to SUS Gaoling Project transform perceptions. During their three-day tour, the delegation explored SUS Gaoling Project and other waste disposal facilities. At SUS Gaoling…

A French court will deliver its verdict Wednesday in one of the country’s largest-ever child sex abuse cases, which has raised questions about how a pedophile surgeon was able to rape hundreds of victims over a period spanning more than two decades. Joël Le Scouarnec, a 74-year-old former surgeon, stands accused of raping and sexually assaulting 299 children. On Friday, prosecutors requested the maximum sentence of 20 years in prison, describing Le Scouarnec as “a devil in a white coat.” He’s already serving a 15-year prison sentence, for a conviction in 2020 for the rape and sexual assault of four…