Posts by Swedan Margen
From banks to tech: Microsoft latest to announce job cuts, layoffs for 2025
[SINGAPORE] In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and shifting strategies force companies to trim their workforces. The latest development took place on Wednesday (Jul 2), when Microsoft announced it is carrying out a round of layoffs globally. Here are some of the job cuts…
Read MoreWess Roley: Idaho Gunman’s Family Breaks Silence as It Is Revealed He May Have Been Rejected for a Firefighting Job Because of His Height
The devastated family of Idaho gunman Wess Roley — who allegedly set a brushfire to lure firefighters into the woods before shooting dead two of them on Sunday — has spoken out for the first time, saying that they are at a complete loss and still “do not understand” how such a heinous crime could…
Read MoreLiquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
Published Tue, Jul 1, 2025 · 01:49 PM [KUALA LUMPUR] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against Standard Chartered Bank in the High Court of Singapore, they said in a statement dated Jun 30. The liquidators are seeking to hold the bank accountable for its…
Read MoreStandard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad Published Tue, Jul 1, 2025 · 01:49 PM — Updated Tue, Jul 1, 2025 · 02:21 PM [KUALA LUMPUR] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have filed legal proceedings against Standard Chartered…
Read MoreStandard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of Singapore, they said in a statement dated Monday (Jun 30). The lawsuit, brought by court-appointed liquidators Angela Barkhouse and Toni Shukla, seeks to hold StanChart accountable…
Read MoreChina raises quota for foreign investment, ending 13-month pause
The QDII programme allows local institutional investors who meet certain conditions to buy foreign securities, bonds, and commodities within their prescribed limit Published Tue, Jul 1, 2025 · 01:42 PM [BEIJING] China has increased the amount of money that approved investors can put into overseas assets for the first time since May last year as…
Read MoreMichigan Prep School Teacher Charged After She Revealed Sexual Relationship with Teen Student to Colleague
A prep school teacher in Michigan is facing a felony charge after allegedly engaging in a sexual relationship with a teenage student and then telling a colleague about it, leading to her arrest, according to prosecutors. Jocelyn Sanroman, 26, who previously taught at Oakside Prep Academy in Waterford Township, has been charged with third-degree criminal…
Read MoreLandmark EU tech rules holding back innovation, Google says
[BRUSSELS] Alphabet’s Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses. The US tech giant will also urge regulators to give more detailed guidance to help it comply with the rules,…
Read MoreChinese automakers grab record hybrid market share in Europe
[LONDON] Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the biggest slice of the electric vehicle (EV) market in 10 months. Manufacturers led by BYD and Saic Motor’s MG surpassed 9 per cent share in both of those categories, based on figures from industry…
Read MoreChinese money fires up Hong Kong shares
[SHANGHAI/HONG KONG] Chinese investors are piling into Hong Kong shares lured by lower valuations and the city’s strategic position in China’s growing rivalry with the United States. A record US$90 billion of cash from the mainland has driven a stellar 21 per cent rally in Hong Kong stocks in the first half of 2025, reshaping…
Read MoreWess Roley: Idaho Gunman Warned ‘I’m Going Hunting’ in Chilling Final Post Hours Before Going on Deadly Rampage as New Details Emerge
Idaho shooter Wess Roley shared a chilling image online just hours before carrying out his deadly ambush, officials said Monday. The photo showed him wearing camouflage and a mask, with a belt of rifle ammunition across his chest, along with a Björk song with haunting lyrics ominously warning, “I’m going hunting.” The disturbing post was…
Read MoreBrightArc Expands Infrastructure Equity in Southeast Asia with Google Support
BrightArc’s approach bridges digital and climate gaps offering practical models for Singapore’s future-ready infrastructure agenda. In a world where climate vulnerability and digital inequality are rising together, one organization is gaining international attention for its human-centered approach to infrastructure. BrightArc, a nonprofit founded in the aftermath of the Flint water crisis in the United States,…
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