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The EU and US flags flutter next to the military hub for Ukraine, in Jasionka, south-east Poland on March 6, 2025.Sergei Gapon | Afp | Getty ImagesThe U.S. and European Union are running out of time to strike a deal on trade tariffs — and analysts say several key sticking points could make an agreement impossible.Negotiations have been slow since both the U.S. and EU temporarily cut duties on each other until July 9. If a deal is not agreed by then, full reciprocal import tariffs of 50% on EU goods, and the bloc’s wide-spanning countermeasures are set to come…

[SINGAPORE] Despite the uncertain global economic and political climate, the government will continue to provide stable land supply for private housing development in the second half of this year.Last Friday (Jun 13), the Ministry of National Development (MND) said it will release land for about 4,725 private housing units in H2 2025 through the confirmed list, a 6 per cent drop from the 5,030 units in H1 2025. These figures include executive condominium (EC) units, a public-private housing hybrid, with initial buyer eligibility and resale restrictions that are completely lifted 10 years after an EC project has been completed.Beyond the…

The bank can now provide cross-border renminbi clearing, settlement and payment services to other businesses and financial institutions[SINGAPORE] UOB and its wholly-owned subsidiary UOB China have become direct participants in China’s Cross-border Interbank Payment System (CIPS), the bank said on Wednesday (Jun 18).This is a wholesale payment system, authorised by the People’s Bank of China, to facilitate the settlement of trading and investments in renminbi. As at May 2025, it had 174 direct participants and 1,509 indirect participants.Direct participants can open an account in the CIPS; indirect participants have to go through direct participants to handle cross-border renminbi payments and…

Niko Sigur scored a beautiful goal that gave Canada a 1-0 lead over Honduras.

KUALA LUMPUR :Malaysia’s trade ministry is verifying media reports that a Chinese company in the country is using servers equipped with Nvidia and artificial intelligence chips for large language models training, it said on Wednesday. The ministry “is still in the process of verifying the matter with relevant agencies if any domestic law or regulation has been breached,” it said in a statement.  The Wall Street Journal had earlier reported that Chinese engineers had flown into Malaysia in early March carrying suitcases filled with hard drives. It said they sought to build AI models in Malaysian data centres containing servers using Nvidia…

[SYDNEY] DBS Group aims to double its Australian lending book in the next five years, its CEO Tan Su Shan said, as the Singapore-headquartered bank seeks to take advantage of trade links between Australia and South-east Asia. The bank said on Wednesday (Jun 18) it had signed a pact with trade agency Austrade which will help it facilitate and finance more trade and investment between Australian and South-east Asian businesses, especially from Singapore, Indonesia, Malaysia and Vietnam.Tan said that DBS’s Australian lending book was currently worth about A$11 billion (S$9.2 billion) which, she said, could double to A$20 billion in the…

Stories you might have missedEconomists slash Singapore growth forecast to 1.7%, with manufacturing expected to shrink: surveyExpectations have risen for further monetary policy easing in July.Malaysia hopes to draw back talent to power Johor-Singapore economic zoneExecutives point to plus points in Malaysian state that could attract locals, such as more industry-relevant training and the lower cost of living.COE prices rise across all categories except motorcycles; Cat B premium up 3.2% to S$116,670BT in your inboxStart and end each day with the latest news stories and analyses delivered straight to your inbox.Sign UpSign UpThe COE prices for cars crept up after…

ZURICH :Swiss bank UBS on Wednesday said it had suffered a data leak due to a cyber attack against one of its providers, but that no client data was affected.Swiss newspaper Le Temps said that files containing details of tens of thousands of UBS employees had been stolen from business service company Chain IQ.”A cyber-attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected,” UBS said.”As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.”…

HONG KONG — Asian shares were mixed and oil prices advanced Wednesday after the escalation of conflict in the Middle East hit Wall Street. U.S. benchmark crude oil was up 24 cents at $73.51 per barrel. Brent crude, the international standard, was up 28 cents at $76.71 per barrel. Crude prices rose more than 4% on Tuesday after U.S. President Donald Trump left a Group of Seven summit in Canada early and warned that people in Iran’s capital should evacuate immediately. Within about eight hours, Trump went from suggesting a nuclear deal with Iran remained “achievable” to urging Tehran’s 9.5…

Company honored by Forbes Magazine for Championing Accessibility and by Iceland’s President for Excellence in Global Exports REYKJAVÍK, Iceland, June 18, 2025 /PRNewswire/ — Embla Medical (NASDAQ Copenhagen: EMBLA), a leading global provider of innovative mobility solutions, is being internationally recognized for its pioneering role in enhancing peoples’ mobility and its business leadership, the company announced today. Forbes Magazine has named Embla Medical to its first-ever global Accessibility 100 list, recognizing the company’s history of innovative prosthetics, neuro orthotics and bracing solutions, and high-quality patient care services. The prestigious list recognizes, for the first time, innovators in the field of accessibility…