News
Are Singaporeans turning their backs on expats?
Singapore is known as one of the key business hubs in the Asia-Pacific region, attracting millions of high-profile expats… but this may be changing
The city-state’s economy has traditionally relied on foreigners who live and work in the region, but there is growing anger amongst Singaporeans towards overseas workers.
This has been fuelled by the pandemic, which has caused a higher than normal unemployment rate, with some locals saying they have little to no job prospects because the large expat community is taking them.
Although some say they are being deprived of better job prospects, others say they are fed up with cultural differences.
Meanwhile, expats are also increasingly reporting incidents of xenophobia… saying they don’t feel welcome in the nation.
Singapore’s PM says his citizens “must not turn their backs” on foreigners as this would “gravely damage the city-state’s reputation as an international hub”.
But these comments may be too little too late, with recent statistics showing that the total number of workers from overseas declined by almost 14% in 2020 alone.
Experts believe this is also filled by varying border restrictions as Covid outbreaks flared up, as well as non-residents being put to the back of the vaccination queue.
Singapore has a tough job ahead to maintain its business hub reputation and lure more foreigners back to the once-bustling city-state.
Crypto
Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil
Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.
Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.
The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.
We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.
Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.
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News
Airbus hit by new A320 fuselage panel defect triggering share price drop
Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.
Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.
Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.
While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.
The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.
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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews
News
Bitcoin tanks as markets turn risk-off and tech stocks slide
Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.
Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.
Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.
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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews
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