The "Swift effect" is about to hit Southeast Asia but Singapore has left some of its neighbours seeing red while it profits from a Taylor-made tourism boom as the star's only stop in the region. - Red carpet - However, not everyone was happy when Swift's only Southeast Asia stop was announced, including fans and governments in some of Singapore's neighbours.
Asian markets tumbled Wednesday as investors grow increasingly sceptical that the Federal Reserve will cut interest rates as much as hoped this year, while a massive earthquake in Taiwan added to the sense of gloom.
Since US Treasury Secretary Janet Yellen visited Beijing last year, the world's two biggest economies have resumed regular talks and averted major escalations in tensions. When Yellen visits Guangzhou city in her upcoming trip, she is expected to meet with representatives from US firms to hear their concerns.
US Treasury Secretary Janet Yellen leaves Wednesday for China, for the second time in less than a year to manage ties as Washington maintains a tough stance on Beijing ahead of November's election. The state-owned China Daily wrote in a recent editorial that Yellen is known for her "often pragmatic and relatively positive tone" in managing US-China ties.
Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars. Along with her vast songwriting catalog, Swift staged the first billion-dollar tour ever -- the ongoing Eras Tour has boosted economies and delighted fans around the world.
Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. At Toyota, US auto sales for the quarter jumped 20.3 percent to 565,098.
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest rates over the longer term due to the enduring strength of the US economy.
Kyrgyzstan will stop accepting Russia's Mir payment cards amid concerns it could expose the country's financial sector to Western sanctions, the national payments operator said Tuesday. It cited the US Treasury's decision to sanction the Russia's National Card Payment System, the Mir operator, in February.
Logistics and mail group International Distributions Services on Tuesday said it had appointed Emma Gilthorpe as chief executive of its subsidiary Royal Mail. Gilthorpe will join the embattled British postal operator on May 1, working with group chief executive Martin Seidenberg before taking over fully later in the summer months.
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