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While the Monetary Authority of Singapore stuck to its view that the economy would grow 1 per cent-3 per cent this year, it said in its biannual Macroeconomic Review published on Friday that the outlook depends on the global pivot to monetary easing and a tech upswing.
The outbreak of a major conflict in the Middle East could trigger an energy shock that pushes oil prices above $100 a barrel, fuels inflation and results in higher interest rates for longer, the World Bank warned Thursday.
The US Congress just passed — and Biden signed — a major national security bill. The bill has four main provisions:
India has just tested an Israeli air-launched ballistic missile (ALBM), reflecting a move away from Russia as its primary supplier for high-end weapons and the possible adoption of a counterforce strategy against Pakistan’s nuclear arsenal.
Given the likelihood of an extended heatwave this summer, the Indian government has ordered all gas-based power stations to be operational from May 1 to June 30. Power demand reached a record 243 gigawatts last September, and is forecast to hit 260GW this summer.
As Israel’s air campaign in Gaza enters its sixth month after Hamas’s terrorist attacks on October 7, it has been described by experts as one of the most relentless and deadliest campaigns in recent history. It is also one of the first being coordinated, in part, by algorithms.
