Author: Admin

The new signings bring its European portfolio to 64 properties and almost 8,500 units[SINGAPORE] Real estate asset manager CapitaLand Investment’s wholly owned lodging business unit on Friday (Oct 17) announced that it has signed seven new properties in Vienna, Austria and Seville, Spain through franchise and management agreements.The new signings bring Ascott’s European portfolio to 64 properties and almost 8,500 units. Globally, the group has more than 1,000 properties and 175,000 units.Kevin Goh, chief executive officer of Ascott, said: “Europe is a cornerstone of Ascott’s global growth strategy, offering a resilient, high-yield market underpinned by strong tourism fundamentals and fragmented…

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MINNEAPOLIS Federal Reserve President Neel Kashkari said on Thursday he does not think that there is a big chance the labour market will weaken sharply or inflation will surge, though of the two, “there’s more risk of a labour market negative surprise than a big uptick in inflation.”“On the other hand, if I were to guess which mistake we’re more likely making, I think we’re more likely betting that the economy is really slowing more than it really is,” Kashkari told a town hall in Rapid City, South Dakota.Kashkari supported the Fed’s quarter-point interest-rate cut in September and feels two…

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[SINGAPORE] The Republic’s key exports expanded by 6.9 per cent year on year in September, surprising economists who predicted a contraction, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Oct 17). The latest non-oil domestic exports (NODX) print reversed from the preceding month’s upwardly revised 11.5 per cent drop. Private-sector economists’ median estimate was the decline to be extended with a 2.1 per cent fall on a yearly basis, according to a Bloomberg poll.Electronics and non-electronics exports both marked growth. Year on year, electronics exports jumped 30.4 per cent, following the preceding month’s 6.5 per cent decrease. Integrated circuits (34.9…

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A model of President Trump’s proposed triumphal arch to commemorate the country’s 250th anniversary was seen on the Resolute Desk as the president held a press conference with FBI Director Kash Patel and Attorney General Pam Bondi in the Oval Office on Wednesday. The renderings and model show an arc that looks similar to France’s Arc de Triomphe, built across from the Lincoln Memorial, on the Virginia side of the Potomac River in Washington, D.C. When asked on Wednesday who the arc is for, Trump told CBS News’ Ed O’Keefe: “Me.”

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THE US budget deficit narrowed just slightly over the past year, official data showed Thursday – despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January.The overall deficit shrank by two per cent, or US$41 billion, for the 2025 fiscal year ending in September, the Treasury Department said.Interest paid on the public debt climbed to a record, at US$1.2 trillion, while health spending picked up.But these were not offset by a notable jump in collected customs duties, including tariffs.The amount of such duties taken in rocketed from US$84 billion to US$202…

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The one-game suspension of Detroit Lions safety Brian Branch was upheld Wednesday by a hearing officer appointed by the NFL and the NFL Players’ Association.Jordy Nelson, the hearing officer, denied the appeal by Branch, who was suspended for a game without pay by the league Monday for unsportsmanlike conduct following a loss at Kansas City.Branch punched Chiefs receiver JuJu Smith-Schuster on Sunday night, setting off a postgame melee.Detroit (4-2) will host NFC South-leading Tampa Bay (5-1) without Branch, another blow for a team with a banged-up secondary.In a letter to Branch, Jon Runyan, the league vice president of football operations,…

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Activity on Elizabeth Street (at the intersection of Bourke St Mall), Melbourne on a cloudy day.Charlie Rogers | Moment | Getty ImagesAsia-Pacific markets were set for a weaker open Friday, tracking losses on Wall Street as fears over the banking sector and trade tensions intensified.Shares of regional banks and investment bank Jefferies tumbled on Thursday stateside as fears mounted around some bad loans lurking in the U.S.In Asia, investors will take note of chip heavyweight Taiwan Semiconductor Manufacturing Co., which announced its third-quarter results after Taiwan’s market closed Thursday.Australia’s S&P/ASX 200 started the day 0.28% down.Japan’s Nikkei 225 futures also pointed to a…

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However, the lower demand for traditional tech jobs contrasts a surge in demand for talent with AI skills[SINGAPORE] Industry watchers warn that at least 80 per cent of Singapore’s tech talents could face limited opportunities amid a cooling job market. But the cream of the crop is still in high demand.“The top 10 to 20 per cent of tech talents will be highly sought after,” Ethan Ang, chief executive officer of tech career platform NodeFlair, told The Business Times.Some of these top talents might even receive multiple job offers, he said.

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