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Singapore’s marine fuel sales reportedly reached a two-month high in January as more vessels docked at the world's biggest hub to take advantage of cheap pricing. The Maritime and Port Authority of Singapore (MPA) issued data early last week showing that sales increased to 4.38 million tons, up about 4% from last month. Apparently, a total of 3,447 vessels made special calls to the Republic to fill marine fuel, a rise of slightly more than 4% from December. The previous all-time high was achieved in October 2022.
Temu, a Chinese-owned e-commerce startup, reportedly made its Super Bowl debut recently. This was an unofficial coming-out celebration for the online shopping application, which has topped American download rankings since its launch in the country late in 2022. PDD, the owner for Temu, is well-known in China for breaking into regions that are underserved by industry leaders like Alibaba Group Holding, including lower-income rural communities. It further announced that it was awarding users with a total of USD10 million through online contests.
Twitter, the sensational social media platform now owned by American billionaire Elon Musk, has reportedly announced to offer free write-only API to bots who are giving good content. Last week, the company announced to discontinue free accessibility to its APIs from February 9. However, after receiving the developer’s feedback, the firm tends to change its decision. This move is just as unclear as some of the other ones made under Musk's leadership. There is no clarity on what ‘good material’ is or who would decide what is adequate content. But if Twi
Ryanair and EasyJet, two leading low-cost carriers based out of the UK, have reportedly urged employees of the freshly bankrupt British airline, Flybe, to apply for openings with them. For the uninitiated, Flybe declared bankruptcy on Saturday last week, causing over 277 workers to lose their jobs. Concerned Flybe staff reportedly called the British Airline Pilots' Association (Balpa) in the early hours of Saturday morning. The union's leader, Martin Chalk, insisted that there are positio
As the cold snap continues across the United Kingdom, Britain's energy generators have reportedly been obligated to fire up coal-fired power plants for the second time this winter. It would be crucial to note that selected homeowners will also be paid to reduce their power consumption for the first time following the cold wave. The electricity system operator (ESO) recently stated that it had requested Drax power plant to begin warming up a couple of its coal units at its North Yorkshire facility, and EDF to do the same with one at its West Burton factory in Nottingham
Singaporeans reportedly believe that inflation has peaked and will begin to fall over the following 12 months as economic development slows and interest rates rise, as per a survey. According to the current quarterly reports of the Singapore Index of Inflation Expectations (SInDEx) published on Monday, headline inflation forecasts for 2023 fell to 3.8% in December from an 11-year record of 4.6% in September. Based on the SInDEx report, released exclusively by DBS Bank and Singapore Management University (SMU), the percentage from last
British Prime Minister Rishi Sunak has reportedly stated that he is open to discuss pay increases for nurses before a meeting with public sector union representatives in an attempt to end the most catastrophic wave of labor disputes in decades. The UK’s National Health Service (NHS), which has long been valued and is supported by taxpayer funds, provides free medical care to everyone but is currently strained due to years of comparatively low funding and the COVID-19 pandemic's repercussions. Some hospitals have declared cri
A third of the countries across the world face recession in 2023, the head of the IMF (international monetary fund) has reportedly warned. According to the International Monetary Fund's (IMF) chief, this year will see a third of the world's economy in a recession. Kristalina Georgieva stated that 2023 will be significantly harder than last year due to slowing economies in the United States, the European Union, and China. The global economy is presently in turmoil due to the rising costs,
Grab, a major provider of ride-hailing services based in Singapore, will reportedly increase its commission by 0.18 percentage points on January 1, 2023, in order to grant the upcoming rise in the goods and services tax (GST) to its private-hire drivers. This decision has sparked criticism from some quarters as it opposes plans from competitors, including Gojek, Tada, and Ryde. The Nasdaq-listed firm now charges private-hire drivers a 20% commission for its service in the country. Apparently, in a text sent to drivers on December 19, it stated that it will charge drivers a