Author: Admin

Former federal ethics officials who served in Republican and Democratic administrations are asking the Justice Department’s inspector general to investigate the prosecutions of former FBI Director James Comey and New York Attorney General Letitia James.In a letter obtained by CBS News, ethics officials who worked in the Obama and George W. Bush administrations urged a formal review of interim U.S. Attorney for the Eastern District of Virginia Lindsey Halligan’s decision to prosecute Comey and James.    They sent their request Tuesday to Acting Justice Department Inspector General William Blier, writing, “Ms. Halligan pursued these indictments to fulfill President Donald J.…

AI startup Lila Sciences has raised $115 million in an extension funding round from investors including Nvidia’s venture arm, lifting its valuation to more than $1.3 billion, the company told Reuters.The latest funding brings Lila’s total Series A to $350 million and overall capital raised to $550 million, reflecting strong investor appetite for AI-driven scientific discovery.Founded in 2023, Lila aims to build “scientific superintelligence” by pairing specialized AI models with automated laboratories.New backers join existing investors including Flagship Pioneering, where Lila originated, General Catalyst and a subsidiary of the Abu Dhabi Investment Authority. Lila said the funds will accelerate development…

Better-than-forecast growth means ‘no urgency’ to change monetary policy settings, say economists[SINGAPORE] Stronger-than-expected growth may give the Monetary Authority of Singapore (MAS) more policy space going into 2026, said private-sector economists, after the central bank held settings steady for the second consecutive quarter.An easing of monetary policy in 2026 remains possible but is not widely expected, with most economists expecting no change.DBS analysts Chua Han Teng and Philip Wee, for instance, “see no urgency” for MAS to adjust its policy stance.

[SHANGHAI] Chinese cosmetic brand Florasis is shifting the focus of its global expansion away from the US, underscoring how growing trade tensions between Washington and Beijing could shape the American ambitions of mainland consumer brands. Gabby Chen, Florasis’ president for global markets, said in an interview with Bloomberg TV on Tuesday (Oct 14) that for now, the Hangzhou-based cosmetics maker is looking to Japan, South-east Asia and Europe.“There’s been huge political changes for the global markets,” She said. “We shifted our strategy from the US market to South-east Asia, but prior to that, the US has remained very strong as our…

Malaysia and US to facilitate truce as Thailand, Cambodia agree to remove mines and heavy arms[KUALA LUMPUR] US President Donald Trump will visit Malaysia on Oct 26, Foreign Minister Mohamad Hasan said on Tuesday (Oct 14), adding that he was “looking forward” to witnessing a ceasefire deal between South-east Asian neighbours Thailand and Cambodia.Tension over undemarcated points on the two nations’ 817-km land border erupted into a deadly five-day conflict in July, killing at least 48 and temporarily displacing hundreds of thousands in their worst fighting in more than a decade.“During the summit, we hope to see the signing of…

U.S. biotech firm Nabla Bio said on Tuesday it has signed a second major research partnership with Japanese drugmaker Takeda Pharmaceutical, deepening their use of artificial intelligence to accelerate drug discovery.Under the new multi-year agreement, which builds on an earlier collaboration launched in 2022, Nabla will receive upfront and research cost payments in double-digit millions. The company is also eligible for success-based payments worth more than $1 billion.The move underscores growing momentum across the pharmaceutical industry to harness AI in drug development, with hopes of significantly reducing timelines and costs in the coming years.Nabla said it would use its proprietary AI…

Close to two-thirds of the list’s entrants are less well-off this year, including the country’s richest man Mukesh Ambani [SINGAPORE] The combined fortunes of the 100 richest people in India on the 2025 Forbes list fell 9 per cent or US$100 billion to US$1 trillion.This was primarily driven by a weakened rupee and a 3 per cent decline in the benchmark Sensex index from the time their fortunes were last measured, Forbes said on Oct 9. Close to two-thirds of the individuals on the list were less well-off this year, including India’s richest man Mukesh Ambani. The chairman and managing…

In an aerial view, a container ship arrives at the Port of Oakland on October 10, 2025 in Oakland, California. U.S. President Donald Trump is threatening to impose a massive increase of tariffs on Chinese imports in response to China’s announcement of new export controls on rare earths. China controls an estimated 70% of the global supply of rare earths minerals.Justin Sullivan | Getty Images News | Getty ImagesShares of U.S. rare earth miners rallied in premarket trade on Tuesday, extending sharp gains from the previous session after U.S. President Donald Trump threatened China with 100% tariffs over Beijing’s strict…

SINGAPORE is, in many ways, an unlikely financial centre. When I think about financial centres, like New York, London and Tokyo, they are architected on a common theme: a strong domestic economy. They require a financial system to support and grease the wheels of industry and commerce for a large population.Singapore had none of these. Not unlike other sectors in the economy, we created a financial sector that was “outside in”. Several others also tried creating an offshore financial centre, all over the Caribbean. But by and large, they either failed to scale or acquired a poor reputation. If one…

Beijing’s retaliation shows rising China-Europe tensions ahead of high-stakes trade talks with the US[BEIJING] Nexperia says it has been banned from exporting products it makes in China as Beijing hits back at the Dutch government for taking over the management of the company.The Dutch government said on Oct 12 that it has taken over the company using a Cold-War-era law for the first time, ensuring Europe retains access to Nexperia’s chips. The company is a subsidiary of Chinese Wingtech Technology and a key supplier of mature chips used by the automotive and consumer electronics industries.The Chinese Ministry of Commerce issued…