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Spaceport will bring more benefits than risks, says Indonesian space agency as Papuans divided over project

JAKARTA: Indonesia’s National Institute of Aeronautics and Space (LAPAN) said the benefits of the country's first spaceport in Biak, Papua, are greater than the downsides, while locals are divided over the project. The planned rocket launch site will be located on the eastern coast of the ...

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Activist Toshiba shareholders score landmark win with vote for independent probe

Toshiba Corp said on Thursday a majority of shareholders had voted for an independent probe into allegations that investors had been pressured ahead of last year's annual general meeting - a landmark win for Japanese corporate governance.

Markets

Work-from-home fashion: How to enhance your ‘office’ image with 5 new trends

Ladies, if you’ve been attending Zoom meetings wearing the same things for the past year, it’s time for a change. From knit dresses to the colour red, here are the Spring/Summer 2021 trends to keep you looking smart virtually.

Markets

He left school at 16 and later started an app to address mental healthcare in Asia

A string of failed business ventures started while studying at Raffles Institution and a battle with anxiety led Theodoric Chew, 25, to start Intellect, an app that claims to have attracted two million users since it launched in April 2020.

Markets

Oil falls a fifth day lower after US stockpile build

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.

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Several US states sue Biden administration for revoking permit for Keystone XL pipeline

Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said in a statement late on Wednesday.

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Britain sets sights on ‘Big Four’ auditors in market shake-up

Britain proposed weakening the market grip of "Big Four" auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion.

Markets

Fed expects growth surge, inflation jump in 2021 but no rate hike

The US economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday (Mar 17), and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.

Markets

Asian stocks set to mostly rise after Fed projects US GDP surge

Asian stocks were set for modest gains on Thursday after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases.

Markets

Fed’s Powell: US leading global recovery, could help lift laggards like Europe

The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank's top official.

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