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Profit at the Amsterdam-headquartered bank came in at 619 million euros (S$902.8 million) for the three months through MarchPublished Wed, May 14, 2025 · 05:07 PM[AMSTERDAM] ABN Amro Bank reported first-quarter profit that beat expectations after higher fees and lower-than-forecast provisions for souring loans helped offset the effect of declining interest rates.Profit at the Amsterdam-headquartered bank came in at 619 million euros (S$902.8 million) for the three months through March, compared with the analyst estimate of 543 million euros in a Bloomberg survey. Fee income grew 8 per cent due to higher assets under management and increased trading volumes that…

Impression of a small constellation of SG-1 Fathom autonomous underwater gliders listening for accoustic signature of enemy platforms in the opaque underwater environment. Credit: Helsing. Helsing unveiled its Lura software platform and SG-1 Fathom autonomous underwater gliders, which together form a subsea surveillance network that will soon support the UK Royal Navy and two unspecified, allied navies defend their waters. Lura is a software platform that uses a large acoustic model – similar to large language models – trained on decades of acoustic data. The platform can identify and classify enemy acoustic signatures (sounds made by ships and submarines) with…

Over the blitz of a whirring blender, Emilio Pérez, a chef and partner at Casa Jacaranda cooking school in Mexico City, yelled, “Check this out guys, come here.”Standing in front of a burner, he incinerated a tortilla, its charred remains bound for mole sauce, before directing our attention to the blender to taste the spicy red salsa. Then it was back to the burners to see shriveled raisins — another mole ingredient — plump up, before mixing dough for tortillas.For the next several hours, my attention volleyed from ingredient to ingredient, dish to dish, as our class of eight students…

Conservative states with a hands-off approach to development, such as Texas and Oklahoma, have become wind and solar energy dynamos in recent years. But a simultaneous push by Republicans in Washington and in Sun Belt state capitals to cut off tax incentives and tighten permitting regulations threatens to snuff out the red-state renewable energy boom.The one-two punch underscores the Republicans’ move away from embracing an “all-of-the-above” approach to energy to a one-sided effort to return to fossil fuels. Its success would unwind four years of Democratic efforts to address climate change and advance a clean-energy economy.The shift has been particularly…

In the first four months of 2025, BYD sold 3,002 cars, or 20% of total vehicle sales in SingaporePublished Wed, May 14, 2025 · 04:03 PM[SINGAPORE] China’s BYD became the most popular vehicle brand in Singapore so far this year, outselling Toyota for the first time, government data showed, as the fast-growing electric vehicle maker steps up efforts to boost overseas sales.In the first four months of 2025, BYD sold 3,002 cars, or 20 per cent of total vehicle sales in Singapore. Toyota and BYD’s main EV rival Tesla sold 2,050 and 535 units each during the same period.Toyota used…

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Join Alexi Lalas and David Mosse for an in-depth breakdown and reaction to the UEFA Champions League Semifinals as Barcelona took on Inter Milan and PSG faced Arsenal. We analyzed the key moments, standout performances from Yann Sommer and Yamal, and dove into the tactical battles that shaped these thrilling matchups.

TOKYO :Japan’s second-largest banking group Sumitomo Mitsui Financial Group posted a 75 per cent slump in fourth-quarter net profit but still hit a record 1.18 trillion yen profit for the year on strong demand for loans among Japanese corporations.SMFG generated net income of 42 billion yen ($285.8 million) in the January-March quarter compared to 170 billion yen for the same period a year prior.The end of deflation has encouraged borrowing by Japanese corporations for overseas expansion, mergers and acquisitions and capital investments amid a shrinking workforce in Japan.The group has also benefitted from the Bank of Japan ending its policy…

[SINGAPORE] The upcoming Terminal 5 (T5) should take Changi Airport into the ranks of Asia’s “mega airports”, defined as those that handle more than 100 million passengers a year, said Stefano Baronci, director-general of Airports Council International (ACI) for the Asia-Pacific and the Middle East. He was speaking at a media roundtable organised by Changi Airport Group. Along with its connections to many cities and its status as a popular passenger transfer hub, the increase in capacity should turn Changi into a “mega airport”, he noted. Changi Airport Group estimated that T5 will bump up the airport’s annual capacity to 140…

The United States on Tuesday announced fresh sanctions on Iranian oil sales to China, as President Donald Trump’s administration continues its “maximum pressure” campaign against Tehran while backing ongoing nuclear talks. “The United States is today sanctioning an international network facilitating the shipment of millions of barrels of Iranian crude oil worth billions of dollars to China,” US State Department spokeswoman Tammy Bruce said in a statement. The sales, she added, were being conducted “on behalf of Iran’s Armed Forces General Staff (AFGS) and its front company, Sepehr Energy.” The sanctions follow similar designations in recent weeks, at the same…