Indian-American corporate executive Ajay Banga took over as the President of the World Bank, becoming the first person of colour to head either the World Bank or the International Monetary Fund.
Tag: Business
Indo-Canadian entrepreneur Firoz Patel detained for USD 24 million Bitcoin fraud
A media release from the Department of Justice (DoJ), US Attorney’s Office, District of Columbia, was headlined: “Former operator of Payza.com charged with laundering 450 Bitcoin.”
Russian sanctions leading to increasing rupee surplus in India
A combination of economic sanctions on Russia and a lopsided trade relationship with India is leading to USD 1 billion each month in Russian rupee assets remaining stranded outside the country.
Singapore wealth analysis: Are you in the top 1%? You are, if you’ve got SGD 4.76 million
Being in the “top 1 per cent” is the 21st century definition of being truly wealthy. In Singapore, a net worth of USD3.5 million puts you in that bracket, according to The Wealth Report 2023 by Knight Frank.
Biden Administration clears first Congress hurdle in debt ceiling Bill
United States lawmakers in the House of Representatives voted yesterday to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington’s warring parties after weeks of tense negotiations.
SIA to offer free unlimited Wi-Fi in all classes from July 1
Singapore Airlines (SIA) announced it will provide free unlimited in-flight Wi-Fi services to KrisFlyer member passengers flying in all classes from July 1.
Top experts issue warning about AI technology, sign ‘Statement on AI Risk’
Top AI scientists, researchers and others have issued a new warning about the perils that artificial intelligence poses to humankind.
Singapore most expensive city in Asia-Pacific to buy or rent property: Report
According to a recent survey, Singapore’s private residential property now ranks as the most expensive in the Asia-Pacific.
Indian-origin Tamil worker in Singapore wins SGD18,888 in Squid Game-themed company event
He plans to use the prize pot (equivalent to more than INR11 lakh) to fund some family goals back in his home state of Tamil Nadu, southern India. The goal includes buying land and building a house.
Scaling Mt Garbage: A sad sight on Everest as the world marks 70th year of Hillary-Tenzing feat
The revolting pile of trash represents an uncontrolled number of climbers on Mt Everest, climbers who very often do not have the experience to scale an 8,000+ metre peak.
