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Sir Keir Starmer has pledged to bring down net migration by the end of this parliament with a system that is “controlled, selective and fair”.However the prime minister has refused to say how far he wants figures to fall, only saying numbers will come down “substantially”. Politics latest: Starmer announces sweeping migration crackdownSir Keir was delivering a news conference after the government announced plans for new English language and British citizenship requirements in order to bring migration down, ahead of an Immigration White Paper to be published later this morning.The prime minister said: “Some people think controlling immigration is reining…
[SINGAPORE] Generally, private homes here are seen as good long-term investments. Key drivers of capital appreciation include Singapore’s ability to transform its economy, steady increase in housing supply, policies that support a stable market, good urban planning, constant public infrastructure upgrading, the city’s attractiveness to the wealthy and political stability.Moreover, many people aspire to own private homes here and the desire for high-quality abodes is seen to remain intact regardless of technological changes that could disrupt other property asset types.Still, while the long-term outlook for private homes is positive, the US hiking trade tariffs and the US-China trade war can…
The postwar global economic order, with the United States at its centre, has created more prosperity than any other period in human history. Yet as Donald Trump takes a sledgehammer to that economic order, America’s democratic allies face a choice. We can accept the new cost of doing business with the US. We can follow the US down a path of mutually assured economic destruction with an ever-escalating trade war. Or we can find new avenues to keep free trade alive. My proposition? I believe we need a new platform for economic cooperation between the world’s seven leading democracies. Call…
THE likelihood and extent of climate-related losses and damage have increased, with global warming likely to breach the 1.5-degrees Celsius threshold and possibly even 2 deg C.Higher climate risks could induce greater spending on climate adaptation, especially as the impact of climate change intensifies. Surely there’s money to be made there.Singapore’s sovereign wealth investors certainly think so. Two separate reports by GIC, which manages Singapore’s foreign reserves, and Temasek, which mainly invests in equities, focus on investment opportunities in climate adaptation.Growing interestGIC, which wants to determine the long-term investment value of climate adaptation, estimates that global annual revenues from a…
With the shutdown of Skype, attention now turns to Microsoft Teams – something that it true both for ex-Skype users and the company behind the two communication platforms. With Teams now seeing an influx of newcomers, there has never been a better time for Microsoft to show that it is serious about the Skype replacement. And an upcoming feature will prevent meeting participants from capturing screenshots. This is privacy feature is set to debut in the coming weeks and will be welcomed by businesses. See also: Microsoft describes the feature as being part of “extended meeting protection”, and it is…
Japanese investors sharply ramped up their overseas equity purchases in April, shifting away from bonds as they rebalanced portfolios amid global market volatility triggered by U.S. tariffs, and capitalizing on discounted international shares.Japanese investors bought a net 3.27 trillion yen ($22.37 billion) in overseas stocks — the highest monthly total since at least 2005 — while pulling 1.08 trillion yen from foreign bonds, according to Ministry of Finance data released on Monday.Institutional investors pulled 1.99 trillion yen from long-term debt securities but allocated a net 906.3 billion yen into short-term instruments. Trust accounts led equity purchases with a record 2.76…
Using AI can be a double-edged sword, according to new research from Duke University. While generative AI tools may boost productivity for some, they might also secretly damage your professional reputation. On Thursday, the Proceedings of the National Academy of Sciences (PNAS) published a study showing that employees who use AI tools like ChatGPT, Claude, and Gemini at work face negative judgments about their competence and motivation from colleagues and managers. “Our findings reveal a dilemma for people considering adopting AI tools: Although AI can enhance productivity, its use carries social costs,” write researchers Jessica A. Reif, Richard P. Larrick,…
US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and Chinese officials on tariffs in Geneva on May 11, 2025.Valentin Flauraud | Afp | Getty ImagesThe U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in a move that shows a major thawing of trade tensions between the world’s two largest economies.The trade agreement means that “reciprocal” tariffs between both countries will be cut from 125% to 10%. The U.S.’ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning…
HONG KONG — Asian shares advanced Monday after two days of trade talks between China and the U.S. made what the U.S. side said was “ substantial progress.” U.S. futures and oil prices advanced. Officials said a joint statement would be issued later Monday following the trade talks in Geneva over the weekend. Investors are also watching for developments in other flashpoints including clashes between India and Pakistan, the war in Ukraine and conflict in the Middle East.India’s Sensex jumped about 2.5% after it and Pakistan agreed to a truce after talks to defuse their most serious military confrontation in…
Apple Card holders are now eligible for a six-month free Uber One trial. Apple Card users are now eligible for a six-month free trial of Uber One, as part of a new promotion launched on Thursday. The Uber One trial is available alongside the standard 3% Daily Cash back available with Uber and Uber Eats purchases made via Apple Card. To take part in the promotion, users will need to sign up for an Uber One subscription via Apple Card and complete the purchase through Apple Pay, using the exclusive link they received via email from Apple. New and returning Uber One…