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Shark strikes a woman swimming in Sydney Harbour
A woman swimmer was seriously injured in a shark attack in Sydney Harbor and had been taken to the hospital in a stable condition, authorities said on Tuesday. Emergency services were called to a private wharf in Elizabeth Bay on Monday evening and found a woman, believed to be aged in her 20s, with "a serious injury" to her right leg, the police in New South Wales state said in a statement. Police said they had been told the woman was swimming off the wharf when the shark attacked her. Th...
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Singapore's monetary policy remains steady as inflation declines
Singapore's central bank on Monday kept its monetary policy settings unchanged, as expected, in its first review of the year as inflation pressures continued to moderate and growth prospects improved. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate. The width and the level at which the band is centred did not change. "Barring any further global shocks, the...
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Investors believe Microsoft's stock market valuation will surpass that of Apple
Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week. Microsoft's shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple, as the world's most valuable company. As of Friday, the Redmond, Washington software maker's mark...
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China Evergrande is ordered to liquidate, owing $300 billion
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande, the world's most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021. The decision was made by Hong Kong Justice Linda Chan who said "enough is enough"...
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Pokemon will 'investigate' Palworld over imitation claims.
The Pokemon Company warned on Thursday it plans to investigate reports that the new hit video game "Palworld" violates the intellectual copyright of its iconic franchise. Widely described as "Pokemon with Guns" when it was released last week, the makers of "Palworld" said it sold more than eight million copies in less than six days. Released on the online Steam platform, "Palworld" blends weapon-wielding player avatars with monsters that look eerily similar to those in the wildly popular "Po...
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Japan estimates that the New Year's earthquake could cost $17 billion
The cost of the damage wreaked by a huge New Year's Day earthquake that killed at least 236 people in central Japan could reach $17.6 billion, a government official said Friday. The magnitude-7.5 earthquake and its aftershocks devastated parts of Ishikawa prefecture on the Sea of Japan coast, toppling buildings, ripping up roads and sparking a major fire. Damage in Ishikawa and two neighbouring regions is likely to cost between 1.1 trillion yen ($7.4 billion) and 2.6 trillion yen ($17.6 billio...
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Alaska Airlines discovers numerous weak bolts on its Boeings, while United doubts orders.
Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The Federal Aviation Administration grounded 171 Boeing 737 MAX 9 aircraft following the incident on January 5th, when a panel blew off the Alaska Airlines plane mid-flight, leaving a hole in the fuselage and forcing an emergency landing. The company's chief executive Ben Minicucci told NBC News Tuesday that an i...
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Despite price increases, Netflix subscriber growth continues
Netflix added 13 million subscribers in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service. Netflix finished 2023 with slightly more than 260 million subscribers worldwide, with a profit of $938 million in the final quarter versus just $55 million in the same period a year earlier. "We believe there is plenty of room for growth ahead as streaming expands," the US company said in an earnings letter. Netflix shares were up more...
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Seven people found shot to death at two locations near Chicago
Seven people were found shot to death inside two homes in the Chicago suburb of Joliet, Illinois, and a man who knew the victims was being sought by investigators as a suspect in the killings, police said on Monday. Police said they had no immediate information on a possible motive for the shootings, but said the victims were believed to be members of the same family. Local sheriff's deputies and agents for the FBI's fugitive task force were assisting in the manhunt, Joilet Police Chief Wi...
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iPhone dethrones Samsung as #1 global smartphone for first time in 12 years
Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data showed. According to data from the International Data Corporation released on Monday, the iPhone stole Samsung's crown in 2023 with 234.6 million units sold, compared to the South Korean firm's 226.6 million units. The U.S. tech giant commanded a 20.1 percent market share ahead of Samsung's 19.4 percent, the IDC said. Analysts from the closely watched market trac...
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