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ISTANBUL (AFP) – Turkiye’s annual inflation rate accelerated to 85.51 per cent in October, its highest level since 1997, official data showed yesterday, as President Recep Tayyip Erdogan has defended unorthodox policies to combat a cost-of-living crisis. Central banks worldwide are raising borrowing costs in efforts to tame soaring consumer prices, but Turkiye has bucked […]
CNA – A 55-year-old man was sentenced to 15 months’ jail yesterday for setting up a company and opening bank accounts to facilitate money laundering. Leo Shiou Juangq was also fined SGD5,000. Criminal proceeds of over USD200,000 (SGD283,000) were channelled through the bank accounts between March and May 2019. The money originated from victims who […]
AP – Boeing officials vowed on Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defence businesses. Boeing said it expects to boost revenue to USD100 billion and generate USD10 billion in […]
Sam Metz & Brady McCombs WENDOVER, UTAH (AP) – In the Utah desert, a tree-less expanse of pristine white salt crystals have long lured daredevil speed racers, filmmakers and social media-obsessed tourists. It’s so flat that on certain days, visitors swear they can see the curvature of the Earth. The glistening white terrain of the […]
AP – It took nine years for seven-time European champion AC Milan to finally win its way back into the Champions League knockout rounds with a 4-0 victory over Salzburg on Wednesday. Paris Saint-Germain’s (PSG) quest for a first European title got potentially tougher because it is now unseeded in the round of 16 draw […]