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Key PointsYields on UK, German and Japanese 30-year government debt are up by about 45 basis points, 74 basis points and 100 basis points this year.This is in stark contrast to Singapore, whose 30-year bond yields have declined by about 75 basis points so far this year, indicating strong investor interest.Analysts tell CNBC that Singapore bonds are seen as high-quality, safe haven assets, backed by a prudent fiscal policy.Investors have dumped long-dated bonds across markets this year on mounting worries over expanding fiscal deficits and rising inflation. Singapore has defied that trend. Yields on U.K., German and Japanese 30-year government…

[SINGAPORE] In a white paper released this week, Citi projected that in five years, the world will see US$2 trillion in digital assets held or traded in a single day. The figure, which excludes equities, will mark a liquidity jump of about 20 to 30 times from today.Citi’s fifth edition of its Securities Services Evolution white paper polled 537 post-trade industry leaders. These included infrastructure operators, custodians, banks, broker-dealers, asset managers and institutional investors.The white paper details an increase in digital asset usage by the post-trade industry, which consists of the services, technologies and processes that complete financial transactions after a…

The US government on Thursday filed multi-million dollar lawsuits against a major power company over wildfires in Southern California, including one of the huge blazes that tore through the Los Angeles area in January. The Department of Justice said it had no doubt that Southern California Edison was to blame for the Eaton Fire, which laid waste to Altadena, killing 19 people and destroying thousands of homes. “The lawsuits filed today allege a troubling pattern of negligence resulting in death, destruction, and tens of millions of federal taxpayer dollars spent to clean up one utility company’s mistakes,” said Acting United…

Uruguay, Colombia and Paraguay secured their spots in the 2026 FIFA World Cup in the next-to-last round of South American qualifiers.The Uruguayans and Colombians had 3-0 wins Thursday, and the Paraguayans had a scoreless draw to advance to the global tournament along with already qualified Argentina, Brazil and Ecuador.2026 FIFA WORLD CUP: WHO HAS QUALIFIED?Peru, which needed wins in the last two rounds to advance, is now out of contention following the loss to Uruguay.James Rodriguez opened the scoring for Colombia in the 31st minute while John Cordoba and Juan Fernando Quintero added second-half goals to secure the win over…

WASHINGTON — President Donald Trump will attend Sunday’s men’s final of the U.S. Open, returning to a tournament he once frequently attended for the first time in a decade. The White House confirmed the visit Thursday night. Trump is expected to make a daytrip to New York and return to Washington after the match, which begins at 2 p.m. No. 1 seed and defending champion Jannik Sinner is playing Felix Auger-Aliassime on Friday. The other semifinal match features Novak Djokovic against Carlos Alcaraz. For decades as a New York-area real estate mogul and, later, reality TV star, Trump was a…

[BEIJING] For Liang Zhu, who runs an aluminium factory about 100 kilometres north of Hong Kong, there is only one way out of China’s vicious spiral of excessive competition: shift away from inexpensive metal for window frames and door handles, and towards the specialised alternatives needed for iPads and airplanes.Guangdong province has long been a powerhouse of light manufacturing. Today, though, many companies such as Liang’s are battling to survive in the era of “involution”, a term commonly used to describe the country’s intense, self-harming industrial race. China’s property boom is over, and has left behind small to medium-sized manufacturers…

If this was Lionel Messi’s last competitive home game for the Argentina men’s national team, he made it a memorable one. Messi scored twice Thursday in Argentina’s 3-0 victory over Venezuela in front of a raucous sellout crowd in Buenos Aires that had gathered at Estadio Más Monumental to bid him farewell.”Being able to finish this way here is what I’ve always dreamed of,” Messi said. “I’ve experienced a lot of things on this pitch, both good and not so good, but it’s always a joy to play in Argentina, in front of our fans.”Messi is yet to give any clues…

Washington — President Trump will sign an executive order Friday to start the process of renaming the Department of Defense to the Department of War, restoring a name the agency last held in the late 1940s, a White House official confirmed to CBS News. The executive order will allow the DOD to start using the term Department of War as a “secondary title,” and will let Secretary of Defense Pete Hegseth use the title Secretary of War, according to a fact sheet obtained by CBS News. Other government agencies will be directed to “recognize and accommodate” those secondary titles. The order will…

[SINGAPORE] The strong growth of Asia-Pacific’s (Apac) aviation sector “presents tremendous opportunity” for the region’s maintenance, repair and overhaul (MRO) industry, said Nakul Gupta, GE Aerospace vice-president of sales and general manager for Asia-Pacific. He was giving a keynote speech at a roundtable on “Advancing MRO for a Resilient Aerospace Industry in Asia-Pacific” on Sep 3, hosted by The Business Times and presented by aircraft engine manufacturer and system provider GE Aerospace.Gupta noted that Apac is among the world’s fastest-growing aviation markets, and is set to become one of the largest in terms of passenger traffic in the next 15…

Dreame Technology has revealed a range of new smart cleaning products, debuting several devices designed to increase efficiency and automation in home care. Stair-climbing robotics Among the new offerings, Dreame introduced the Cyber X robotic vacuum, featuring a Bionic QuadTrackTM stair-climbing system. This platform enables the vacuum to autonomously transition between floors, addressing a common limitation in conventional robotic cleaners. The Cyber X includes three main components: the vacuum itself, the QuadTrackTM system, and a base station. When moving to a new floor, the vacuum docks with the QuadTrackTM, which acts as a small elevator, lifting and releasing the device…