From businesstimes.com.sg
Indonesia must shut coal plants every year to hit climate goal
1 1
INDONESIA needs to shut multiple coal plants a year while also tripling renewables to meet its new president’s ambition of a full phase-out of the fossil fuel by 2040, according to climate consultancy Ember. Read more at The Business Times.
#climate #ecology #indonesia #pollution #Environment #climatechange #globalburning #globalwarming #climatesuicide #massextinction
16h ago
From businesstimes.com.sg
Blended finance not a silver bullet to solving the climate financing gap
0 1
THE failure of the recent United Nations’ annual climate conference to secure a climate finance target of US$1 trillion – which economists said is required annually to help developing countries cut their emissions and manage climate disasters – has now meant that blended finance schemes have...
on Tue, 5PM
From businesstimes.com.sg
0 0
JOHOR has rejected almost 30 per cent of data centre applications in the past five months as the authorities focus on conserving resources and regulating the industry to ensure maximum benefits for the local economy. Read more at The Business Times.
on Nov 19
From businesstimes.com.sg
The tech bro style in American politics
0 0
IT SEEMS hard to believe now, but in 2021, Time named Elon Musk its Person of the Year. True, that designation doesn’t necessarily equate to a stamp of approval. But the magazine’s coverage of Musk at the time was very favourable, almost fawning, highlighting his assertion that “my career is...
on Nov 8
From businesstimes.com.sg
Adani pushes Bangladesh for US$850 million unpaid electricity bill
0 0
BILLIONAIRE Gautam Adani’s power generation unit is stepping up pressure on Bangladesh as it seeks to recover more than US$850 million of unpaid electricity bills, according to sources familiar with the matter. Read more at The Business Times.
on Nov 8
From businesstimes.com.sg
Israel signs deal to acquire 25 F-15 fighter jets from Boeing
0 0
The Israeli defence ministry said on Thursday (Nov 7) it had signed an agreement to acquire 25 next generation F-15 fighter jets from Boeing. Read more at The Business Times.
on Nov 7
From businesstimes.com.sg
Quantum computing: banking’s next revolution
0 0
In a rapidly evolving landscape of technology, few advancements hold as much promise as quantum computing, which is set to disrupt and revolutionise the way computers are used today. In an industry where seconds matter and precision reigns supreme, quantum computing has a lot of potential to...
on Nov 6
From businesstimes.com.sg
Israel’s economic growth revised down as war takes its toll
0 0
Israel revised down second-quarter growth as its ongoing war with Hamas in Gaza and fighting with Hezbollah took a heavier toll on the economy than previously thought. Read more at The Business Times.
on Oct 17
From businesstimes.com.sg
Fires taking Amazon forest closer to ‘point of no return’: expert
0 0
A YEAR ago, Carlos Nobre, one of Brazil’s top climate scientists, was a rare voice of optimism about the future of the planet. Read more at The Business Times.
on Oct 2
From businesstimes.com.sg
US shows lack of leverage as Israel pounds Lebanon
0 0
FOR nearly a year, one of President Joe Biden’s top priorities has been to prevent the Gaza war from spiraling into an all-out regional conflict. Read more at The Business Times.
on Sep 24
From businesstimes.com.sg
MicroStrategy’s latest US$1.1 billion Bitcoin purchase is largest since 2021
0 0
MICROSTRATEGY purchased 18,300 Bitcoin for around US$1.11 billion, the largest acquisition of the digital asset by the crypto hedge-fund proxy in more than three years. Read more at The Business Times.
on Sep 14
From businesstimes.com.sg
Telegram says it abides by EU laws after CEO detained in France
0 0
TELEGRAM on Sunday questioned the grounds for France’s detention of chief executive officer Pavel Durov, the messaging app’s billionaire co-founder who was taken into custody at a Paris airport over the weekend. Read more at The Business Times.
on Aug 26
From businesstimes.com.sg
China’s embrace of rail and EVs stalls holiday petrol demand
0 0
CHINA’S embrace of clean energy means petrol sales are no longer getting their usual bump from holiday travel. Read more at The Business Times.
on Aug 15
From businesstimes.com.sg
Home prices in Silicon Valley area top US$2 million for first time
0 1
THE median home price in San Jose topped US$2 million in the second quarter, the first time a US metropolitan area has exceeded that threshold and a symptom of the nation’s persistent affordability challenge. Read more at The Business Times.
on Aug 14
From businesstimes.com.sg
Vietnam set for a wave of global hotel brands amid booming demand for travel
0 1
[HO CHI MINH CITY] SOARING demand for travel in Vietnam this year is being powered by foreign arrivals – already higher than in pre-pandemic times – as well as a thriving domestic tourism industry. These twin trends have put the South-east Asian country on track to attract a major influx of...
on Aug 14
From businesstimes.com.sg
Fitch cuts Israel’s credit rating to ‘A’ as Middle East tensions rise
0 1
RATINGS agency Fitch downgraded Israel’s credit rating to “A” from “A+” on Monday, citing worsening geopolitical risks as the war in Gaza drags on. Read more at The Business Times.
on Aug 13
From businesstimes.com.sg
What the Olympic medal table really tells us
0 1
THE other night I was at the Olympic women’s tennis in Paris, watching a Croatian play a Ukrainian. Suddenly, with the match at a tense moment, the Croatian had to give up trying to serve when the crowd broke into prolonged cheers and cries of “Leon!”. Many French spectators had abandoned the...
on Aug 11
From businesstimes.com.sg
European banks are building loan loss reserves for climate risks
0 2
European banks are increasingly setting aside money to digest potential losses from climate change, responding to pressure from their top regulator. Read more at The Business Times.
on Aug 10
From businesstimes.com.sg
Chip Wars: South-east Asia’s semiconductor surge amid US-China rift
0 0
ASEAN first broke into the semiconductor scene in the 1970s with backend processes such as assembly, testing and packaging (ATP). While some countries are advancing upstream, others lag behind. The Business Times outlines the region’s current state of play. Read more at The Business Times.
on Aug 7
From businesstimes.com.sg
China EVs seize record 11% share in Europe ahead of tariffs
0 0
CHINESE brands captured 11 per cent of the European electric car market in June, notching record registrations as manufacturers raced to beat stiff European Union tariffs that took effect early this month. Read more at The Business Times.
on Jul 30
From businesstimes.com.sg
For LGBTQ+ people, moving to friendlier states comes with a cost
0 0
WHEN Stefanie Newell decided to move to Denver, US last year, the choice was about acceptance. Feeling comfortable as a transgender woman did not seem possible in San Antonio, her hometown, in the midst of a flood of Texas legislation targeting the LGBTQ+ community. Read more at The Business Times.
on Jul 14
From businesstimes.com.sg
UN experts say famine has spread throughout Gaza
0 0
The recent deaths of several more children from malnutrition in the Gaza Strip indicate that famine has spread throughout the enclave, a group of independent human rights experts mandated by the United Nations said on Tuesday (Jul 9). Read more at The Business Times.
on Jul 9
From businesstimes.com.sg
Nearly all Singapore listcos have started climate-related reporting in FY2023: EY, CPA report
0 0
OUT of 362 Singapore-listed companies, 346 – or 96 per cent – have commenced climate-related disclosures for the financial year ended Dec 31, 2023, according to a report by professional services organisation EY and accountancy body CPA Australia. Read more at The Business Times.
on Jul 7
From businesstimes.com.sg
Dozens hurt as turbulence prompts flight diversion to Brazil
0 0
DOZENS of passengers were injured on Monday (Jul 1) when an Air Europa flight from Madrid to Montevideo hit strong turbulence, prompting an emergency landing in Brazil, the airline and government officials said. Read more at The Business Times.
on Jul 2
From businesstimes.com.sg
US home insurance still priced too low for climate risk, says Swiss Re chair
0 0
THIS has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate. Read more at The Business Times.
on Jul 1
From businesstimes.com.sg
Uniper wins 13 billion euros arbitration ruling against Gazprom
0 0
GERMAN utility Uniper has won a multi-billion euro arbitration against former long-time supplier Gazprom, it said on Wednesday (Jun 12), allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases. Read more at The Business Times.
on Jun 25
From businesstimes.com.sg
Nitrous oxide emissions surge in climate threat: study
0 0
GLOBAL emissions of nitrous oxide - a potent greenhouse gas - are outpacing expectations and putting climate change goals in peril, a major study published on Wednesday found. Read more at The Business Times.
on Jun 24
From businesstimes.com.sg
HSBC funds emerging research on ‘repowering’ coal plants with clean energy
0 0
DISCUSSIONS on the early retirement of coal-fired power plants in South-east Asia often hit a snag when it touches on the financial viability of such transactions. Read more at The Business Times.
on Jun 23
From businesstimes.com.sg
Airbus in talks to sell more than 100 widebody jets to China
0 0
Airbus is negotiating a major sale of A330neo aircraft to China, with talks gaining momentum since President Xi Jinping visited his French counterpart Emmanuel Macron last month. Read more at The Business Times.
on Jun 6
From businesstimes.com.sg
Malaysia targets RM500 billion semiconductor investment, levels up chip manufacturing
0 0
[KUALA LUMPUR] Malaysia has set a bold target to attract at least RM500 billion (S$143.5 billion) in investment for its semiconductor industry, with the aim of progressing into chip design, fabrication and more high-value developments, said Prime Minister Anwar Ibrahim on Tuesday (May 28). Read...
on May 29
From businesstimes.com.sg
Singapore’s burnout rate shows the price of success
0 0
THE search for success can be elusive, and possibly nowhere more so than in Singapore, one of the most competitive and overworked places on the planet. Long hours are the norm, a reputation it has built since the nation-state gained independence from Malaysia almost 60 years ago, and had to...
on May 28
From businesstimes.com.sg
Biden’s chance to do the right thing in Gaza
0 0
In a speech in Warsaw, Poland, two years ago, President Joe Biden declared that “the great battle for freedom” is one “between a rules-based order and one governed by brute force.” Read more at The Business Times.
on May 26
From businesstimes.com.sg
US Justice Department to seek breakup of Live Nation-Ticketmaster
0 0
THE US Justice Department and a group of states will sue Live Nation Entertainment for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case. Read more at The Business Times.
on May 23
From businesstimes.com.sg
Climate change could force Bangkok to move, official warns
0 0
Thailand may have to consider relocating its capital Bangkok because of rising sea levels, a senior official in the country’s climate change office told AFP on Wednesday (May 15). Read more at The Business Times.
on May 16
From businesstimes.com.sg
More than 90% of stablecoin transactions aren’t from real users, study finds
0 0
MORE than 90 per cent of stablecoin transaction volumes are not coming from genuine users, according to a new metric co-developed by Visa, suggesting such crypto tokens may be far away from becoming a commonly used means of payment. Read more at The Business Times.
on May 6
From businesstimes.com.sg
Swedish economy posts fourth straight quarter of contraction
0 0
SWEDEN’S economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialise. Read more at The Business Times.
on Apr 29
From businesstimes.com.sg
Hamas says no ‘major’ issues, as Gaza truce effort builds
0 0
HAMAS said on Sunday it had no “major issues” after reviewing Israel’s latest proposal for a long-sought truce and hostage-release deal in the Gaza Strip after almost seven months of war. Read more at The Business Times.
on Apr 29
From businesstimes.com.sg
Expect up to 12x returns for every dollar spent on climate adaptation: StanChart
0 1
EVERY dollar that’s invested into climate adaptation and resilience could generate economic benefits worth 12 times as much, said Marissa Drew, the chief sustainability officer of Standard Chartered. Read more at The Business Times.
on Apr 22
From businesstimes.com.sg
Apple’s iPhone shipments plunge 10% as Android rivals rise
0 0
APPLE’S smartphone shipments dropped about 10 per cent in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday. Read more at The Business Times.
on Apr 16
From businesstimes.com.sg
Nuclear power debate heats up in South-east Asia
0 0
COULD nuclear energy power South-east Asia? This question has been reignited in the wake of energy security fears, climate change and scientific progress. Read more at The Business Times.
on Apr 15
From businesstimes.com.sg
US office vacancy rate nears 20% to set fresh record, Moody’s says
0 0
US OFFICE vacancies hit a fresh peak in the first quarter as needs continue to evolve with hybrid work setups. Read more at The Business Times.
on Apr 13
From businesstimes.com.sg
Only 12% of Asia’s investors plan to invest more into climate solutions: AIGCC
0 0
THERE appears to be an action gap among Asia’s institutional investors when it comes to environmental, social and governance (ESG) investing.
on Apr 8
From businesstimes.com.sg
How Hertz’s bet on Teslas went horribly sideways
0 0
LIKE anyone habituated to the excesses of Wall Street, Tom Wagner and Greg O’Hara knew how to throw a party.
on Apr 4
From businesstimes.com.sg
PC, console growth to lag pre-pandemic levels as gamers clock in fewer hours: report
0 0
PERSONAL computing and console gaming revenue growth is expected to remain below pre-pandemic levels through 2026 as gamers record fewer hours of...
on Apr 2
From businesstimes.com.sg
Expensive flights become new normal on US$5 trillion green transition
0 0
THE global airline industry has long warned passengers they will eventually have to pay some of the US$5 trillion cost of decarbonising air travel. The moment has come. Read more at The Business Times.
on Mar 22
From businesstimes.com.sg
Thailand forges ahead with ‘digital wallet’ handout scheme, official says
0 0
THAILAND is forging ahead with a controversial 500 billion baht (S$18.6 billion) handout scheme and may still need to borrow to finance it, a deputy finance minister said on Wednesday (Mar 20). Julapun Amornvivat made the remarks in parliament, which began a three-day debate on a 3.5 trillion...
on Mar 20
From businesstimes.com.sg
Oxfam says Israel ‘deliberately’ blocking aid to Gaza
0 0
ANTI-POVERTY charity Oxfam on Monday accused Israel of intentionally preventing the delivery of aid into Gaza during its war with Hamas, in violation of international humanitarian law. Read more at The Business Times.
on Mar 18
From businesstimes.com.sg
Americans invested billions in Chinese companies. Now their money is stuck
0 0
WHEN investors talk about “zombie” companies, they’re usually referring to distressed startups that are hobbling along, unable to grow and unlikely to ever return the money they’ve raised. Read more at The Business Times.
on Mar 17
From businesstimes.com.sg
US leads global oil production for sixth straight year: EIA
0 0
US CRUDE oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday (Mar 11). Read more at The Business Times.
on Mar 12
From businesstimes.com.sg
China’s consumer prices swing up on seasonal Lunar New Year gains
0 0
CHINA’S consumer prices rose for the first time in six months due to spending linked to the Lunar New Year, offering some reprieve for the world’s second-biggest economy grappling with weak consumer sentiment, while factory-gate prices fell again. Read more at The Business Times.
on Mar 9