Category: CNA
CNA: Singapore-based international news channel offering a strong Asian perspective on global events.
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Bank of England softens stablecoin rules in final framework
LONDON, June 22 : The Bank of England published its final policy and draft rules for stablecoins on Monday, easing some proposals set out for industry consultation last year. The BoE scrapped plans to cap individual holdings, opting instead to limit total issuance per stablecoin, initially set at £40 billio
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Oil falls after US-Iran talks conclude in Switzerland
NEW DELHI, June 22 : Oil prices declined on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets.Brent crude fell $1.68, or 2.09 per cent, to $78.89 a barrel by 0633 GMT. Pric
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Australia sells advanced radar to Canada in US$1.8 billion deal
This is the first international sale of Australia’s advanced radar technology, which offers long-range surveillance to improve defences and provide early warning, the government said.
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MOM investigating two firms after more than 100 migrant workers seek help over unpaid wages, housing issues
Two workers told CNA that their company had not paid them their wages for about three months.
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Man started fire due to delusion that neighbour was attacking him, landing firemen in hospital
Liu Zheyuan suffered from a delusional disorder and believed that his neighbour shot laser beams and sent strong currents through his ceiling to disturb him.
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British PM Starmer reportedly set to quit as Labour rival sworn in as MP
If Starmer leaves office this year, Britain will get its seventh prime minister in a decade.
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India looks to build global brands around yoga
Many Indians see yoga as a way of life rather than a consumer activity, posing a challenge for companies seeking to build brands around the wellness phenomenon.
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South Korea watchdog regrets rushed launch of leveraged ETFs, considering measures
SEOUL, June 22 : South Korea is considering introducing stabilising measures as leveraged products tied to semiconductor stocks stoke volatility in the country’s stock market, the market watchdog said on Monday, adding these products were introduced too hastily. Lee Chan-jin, governor of the Financial Supervi
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South Korea ex-minister gets 25 years in jail for role in martial law attempt
Park Sung-jae had held a meeting of justice ministry officials in the early hours of the martial law and checked on prison capacity should the authorities arrest anti-government figures, prosecutors say.
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Indonesia’s sold-out concerts, higher 6.6 sales amid market uncertainty: Is ‘lipstick effect’ at play?
An economist says there are signs of the “lipstick effect”, whereby consumers continue spending on small luxuries while forgoing bigger-ticket purchases like homes in challenging economic times.
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