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Federal Chancellor Friedrich Merz (CDU) walks past Bundeswehr soldiers with military honors in front of the Federal Chancellery before welcoming the Prime Minister of Denmark.Bernd von Jutrczenka | Picture Alliance | Getty ImagesTax hikes and soaring debt might be Germany’s new reality, as NATO allies are set to soon face a higher defense spending target.The country in 2024 spent around 2% of its gross domestic product (GDP) on defense, coming in at over 90 billion euros ($104 billion), according to a NATO estimate. While that expenditure is in line with the existing NATO target, it falls short of the 5%…

[SINGAPORE] The Court of Appeal on Tuesday (Jun 24) dismissed an application by the founders of Three Arrows Capital (3AC) to set aside orders requiring them to disclose their dealings with their now-defunct cryptocurrency fund.Chief Justice Sundaresh Menon, however, overturned a lower court decision that allowed liquidators to examine its co-founder Zhu Su following the collapse of 3AC in 2022. In October 2022, 3AC and its two founders, Zhu and Kyle Davies, were ordered by the court to disclose their dealings with the hedge fund – including any relevant books, papers, or records – to liquidators. However, both Zhu and…

2023-08-16 Premature Graying Hair Worried about premature greying of hair??? It’s a matter of worry if the hair matures in the premature age of a person like in one’s 20s. Reason can be diet, pollution, chemical products, etc. It also affects your confidence, results in low self-esteem. There is no need to buy expensive products from the market. You can use products in the kitchen and can stop this problem to get upsurge. How to avoid premature hair greying Everyone likes black and heavy hair. No one likes white and dull hair. We like black hair to that much extent…

[NEW YORK] The biggest US lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said. The results of the central bank’s so-called “stress tests” on Friday (Jun 27) will determine how much cash lenders would need to hold to withstand a severe economic downturn. A less strenuous methodology this year means banks will probably perform better and return more money to investors via dividends and share buybacks, analysts said.The yearly exercise, introduced following the 2007-to-2009 financial crisis, is integral to capital planning for the…

LONDON :The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, often dubbed the central bankers’ central bank, outlined its concerns, including stablecoins’ potential to undermine monetary sovereignty, transparency issues and the risk of capital flight from emerging economies.It comes less than a week after the U.S. Senate passed a bill to create a regulatory framework for U.S.-dollar-pegged stablecoins, a move which, if rubberstamped by the House, is expected to fuel a further explosion in their popularity.Stablecoins are a type…

Dante Sealy scored an incredible goal from outside the box to give Trinidad and Tabago 1-0 lead over Saudi Arabia.

[SINGAPORE] Being based in Singapore is an advantage in building a greener fleet, shipping line Ocean Network Express (ONE) CEO Jeremy Nixon said in an interview with The Business Times.ONE is undergoing a major fleet expansion for a lower-carbon future, with about 50 new vessels on order.This includes a fleet of 32 S Class container ships that will be registered in Singapore. These can be modified to use the greener fuels methanol or ammonia, and thus enjoy incentives for cleaner ships, said Nixon.Another eight new ships will run on liquefied natural gas, which is also less pollutive than conventional fuel…

PHNOM PENH, Cambodia — Cambodia’s government on Tuesday accused Thailand of escalating border tensions by imposing new restrictions that have blocked almost all land crossings, especially for tourists heading into Cambodia.Relations between the neighbors have deteriorated following an armed confrontation on May 28 in which one Cambodian soldier was killed in a relatively small, contested territory along their border. While the two sides have agreed to de-escalate their dispute, they have continued to implement or threaten measures that have kept tensions high.The Thai army on Monday imposed heightened restrictions at border checkpoints with Cambodia following an order from Prime Minister…

ISTANBUL :Turkey is taking steps to prevent the laundering of criminal proceeds from illegal betting and fraud through cryptocurrency transactions, Finance Minister Mehmet Simsek said on Tuesday.On his X account, he reposted an article by state-owned Anadolu news agency saying Turkey was preparing to introduce transfer limits and mandatory waiting periods for withdrawals on crypto assets.It said the new steps will include waiting periods of 48 to 72 hours for crypto withdrawals where the travel rule – requiring the verification of information on the sender and recipient of a transaction – is not applied.”We are taking new steps to prevent…

TOKYO :Nissan Motor shareholders vented their frustrations over the automaker’s poor performance at its annual general meeting on Tuesday, with some demanding greater management accountability for the deepening crisis at Japan’s third-largest car company. The meeting was the first for new boss Ivan Espinosa since he replaced Makoto Uchida as CEO in April. It remains to be seen whether Espinosa, a company veteran, will be able to halt the sharp decline at Nissan. Shares have fallen some 36 per cent over the last year and dividend payments have been suspended. Nissan reported a $4.5 billion net loss in the last…