Royal College of Nursing‘s leader denies Health Secretary engaged with a union over the weekend. TWC – According to Pat Cullen, the general secretary of the Royal College of Nursing (RCN), NHS nurses on strike in England will attend to emergencies if required. Cullen confirmed that those on picket lines would return at their discretion. […]
Weaker global demand and persistent property weakness challenge China’s post-COVID economic recovery TWC – China’s manufacturing activity unexpectedly contracted in April, as per National Bureau of Statistics data. The official manufacturing purchasing managers’ index (PMI) fell to 49.2, down from 51.9 in March, marking the first contraction since December 2020. This result missed economists’ expectations […]
Deputy Prime Minister Lawrence Wong says Singapore can’t afford to outbid the big boys for investments from multinational corporations TWC – Singapore’s Deputy Prime Minister Lawrence Wong addressed the annual May Day Rally, warning Singapore already feels the impact of tough investment competition. As significant economies mobilize enormous sums of money to build their strategic […]
Ma Yun to Advise on Research and Give Lectures on Management and Entrepreneurship On May 1, the University of Tokyo announced that Jack Ma, the founder of Alibaba Group, has been appointed as a visiting professor at Tokyo College, a recently founded institute affiliated with the University of Tokyo. Ma’s term will end in October, […]
Republican Sen. Tim Scott of South Carolina to formally enter the 2024 GOP presidential primary TWC – Sen. Tim Scott has teased a “major announcement” on May 22, where he is expected to announce his 2024 GOP presidential primary bid officially. Since February, the sole Black Republican in the Senate has been testing the waters […]
Charlie Munger warns of the vulnerability of US banks with “bad loans” as property prices fall. TWC – Charlie Munger, the 99-year-old investor and vice chairman of Berkshire Hathaway, has issued a warning about the US commercial property market. During his interview with the Financial Times, Munger voiced his concerns regarding the vulnerability of US […]
Banks await news from the US government regarding the fate of San Francisco lender First Republic (FRC) after the deadline to submit bids passed. TWC – Banks including JPMorgan Chase, Bank of America, PNC Financial Services Group, Citizens Financial Group and US Bancorp were invited to bid by the Federal Deposit Insurance Corporation. However, Bank […]
Richard Sharp steps down as chairman of the BBC following revelations of his involvement in facilitating a loan for former UK Prime Minister Boris Johnson. TWC – Richard Sharp, the chairman of the British Broadcasting Corporation (BBC), has resigned following a report that revealed his involvement in facilitating a loan of almost $1 million for […]
Microsoft’s Bet on Cloud Gaming Trips Up Its Acquisition Plans TWC – Microsoft’s $68.7 billion offer to buy Activision Blizzard has hit a roadblock after UK regulators blocked the deal. The acquisition, which would have been one of the biggest in video game history, was aimed at bolstering Microsoft’s Xbox gaming division and adding popular […]
Comedians Vladimir Krasnov and Alexei Stolyarov, also known as Vovan and Lexus, claim credit for the stunt. TWC – The head of the US central bank, Jerome Powell, was pranked by Russian comedians Vladimir Krasnov and Alexei Stolyarov, known as Vovan and Lexus. The duo, who have previously targeted high-profile figures such as Prince Harry […]