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Indonesia approves $3.07 billion development plan for South China Sea gas block
Indonesia has approved the first plan of development for the Tuna offshore gas field with a total estimated investment of US$3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday.
The Tuna…
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Bankman-Fried set to enter not guilty plea in FTX fraud case
Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the…
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Bahamas seizes billions of dollars in FTX customer funds
The Bahamian Securities Commission (BSC) has said it took control of FTX deposits valued at more than $3.5 billion, shortly after the crypto exchange filed for Chapter 11 bankruptcy protection in November.
According to a media release…
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Uptick in sales of low-sodium salt amid push to reduce sodium consumption
Some supermarkets here are seeing greater interest in low-sodium salt, amid efforts by the Health Promotion Board (HPB) to reduce sodium consumption for health reasons.
In September, HPB said it was working with major retailers to…
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Japan start-up seeks to expand abroad with exoskeleton business
A start-up founded by a researcher at Tokyo University of Science that developed a wearable exoskeleton to support heavy lifting is hoping to make further inroads overseas in nations that have aging populations like Japan.
Set up by…
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Energy giant ExxonMobil sues EU to block energy windfall tax
US energy giant ExxonMobil is suing the EU in a bid to force the bloc to scrap its new windfall tax on oil firms.
A windfall tax is imposed on firms that benefitted from something they were not responsible for.…
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US House administration arm bans TikTok on official devices
The popular Chinese video app TikTok has been banned from all US House of Representatives-managed devices, according to the House’s administration arm, mimicking a law soon to go into effect banning the app from US government devices.…
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Apple and Tesla: Tech shares tumble amid supply issues
Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China.
Apple shares hit their lowest point since June 2021. Tesla's stock has dropped 73% from a record high in November…
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McDonald’s Opens Up its First Fully Automated Restaurant
While there are employees preparing meals in the kitchen, the process eliminates client interaction and aims to improve order speed and efficiency
Imagine you step inside a restaurant and see no staff at all, instead prepared orders are…
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HK police arrest two men in crypto exchange AAX-related case
Police in Hong Kong arrested two men on Friday in a case related to cryptocurrency exchange AAX and has frozen the company’s bank account.
One of the people arrested “manages the platform”, Lee Wai-chung, an officer at the commercial…
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