Singapore Is Warning of a Recession: Here's What to Look For
This week, Swati Pandey considers the government's recent economic warning, while Ainslee Asokan looks at events in neighboring Malaysia that show an evolving trend as the tariff war begins to influence behavior.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
Bangladesh orders 25 Boeing planes as part of push to ease US tariffs
DHAKA (Reuters) -Bangladesh has ordered 25 aircraft from Boeing (BA) and ramped up imports of key American goods in an effort to defuse trade tensions and bring down the steep tariffs imposed by the Trump administration, a senior official said on Sunday. The moves are part of a broader strategy to narrow a $6 billion U.S. trade deficit with Bangladesh and avoid a looming 35% tariff hike that has rattled the country's export sector, especially the garments industry which risks losing competitiveness in one of its largest markets. For rolling updates on tariffs, check out our liveblog > "We need new aircraft urgently, possibly within the next couple of years," Commerce Secretary Mahbubur Rahman told reporters. "Initially, it was 14 planes — now it's 25," he said, referring to an earlier plan to purchase aircraft from the U.S.-based manufacturer. Alongside the aircraft deal, Bangladesh is boosting imports of wheat, soybean oil and cotton from the United States. A new agreement signed earlier this month will see the country import 700,000 tonnes of U.S. wheat annually over the next five years. Officials hope that these steps will help improve trade relations with Washington and soften the impact of the Trump administration's tariff measures. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
China proposes global cooperation body on AI
SHANGHAI, July 27, 2025 /PRNewswire/ -- A news report from The Chinese government has proposed the establishment of a world AI cooperation organization as part of its efforts to bolster open, inclusive and equitable artificial intelligence development and governance globally. Premier Li Qiang announced the initiative when addressing the opening ceremony of the 2025 World AI Conference and High-Level Meeting on Global AI Governance in Shanghai. Li emphasized the need for collaborative approaches to global AI governance to ensure that intelligent technologies are developed for the good of all. More than 1,000 high-level representatives from upwards of 40 countries and international organizations attended the opening ceremony of the three-day event, themed "Global Solidarity in the AI Era". Li said that the risks and challenges brought by AI development, such as machine hallucinations, deep fakes and AI proliferation, have aroused widespread attention. There is an urgent need to further consolidate a societal consensus on how to achieve a balance between development and security in the AI sector, he said. Li said greater emphasis should be placed on collective governance to ensure that AI ultimately benefits humanity. Given that global AI governance appears fragmented, it is essential to enhance coordination and alignment among countries around the world to establish a framework and rules for global AI governance with a broad consensus, he added. Noting that China places great importance on global AI governance and actively participates in promoting multilateral and bilateral cooperation in this regard, the premier said the nation is willing to offer more Chinese solutions to the international community and contribute more Chinese wisdom to global AI governance. In 2023, China proposed the Global AI Governance Initiative to promote an open, inclusive and fair approach to the development and governance of AI technologies. Last year, China proposed the AI Capacity-Building Action Plan for Good and for All to bridge the AI and digital divides, and to ensure the Global South benefits equitably from AI development. China actively promotes open source development, and is willing to collaborate with countries around the world to promote progress in software and hardware technologies, intensify open source initiatives, and collectively propel AI development to higher levels, Li said. Also on July 26, the conference adopted the Global AI Governance Action Plan, which calls on all parties to work in solidarity to advance AI development and governance. For more information: View original content to download multimedia: SOURCE Sign in to access your portfolio
Yahoo
6 minutes ago
- Yahoo
Can a county fire a sheriff behind closed doors? Advocacy group threatens to sue for access
An open government advocacy group is threatening to sue a California county that is preparing to discuss firing its elected sheriff behind closed doors. San Mateo County Sheriff Christina Corpus, who serves one of the wealthiest communities in the country, has faced calls for her removal since an explosive November report from a retired judge found that she likely violated the county's policy on nepotism and conflicting relationships. The report alleged that, by 2024, Corpus had 'relinquished control' of the department to a subordinate. That led to a ballot measure last year that voters passed to empower the county Board of Supervisors to remove her from office, which they voted to do in June. Corpus appealed, leading to the scheduled August evidentiary hearing. As part of the removal proceedings, Corpus' legal team asked that the removal hearing take place behind closed doors. 'The county should decline,' wrote First Amendment Coalition attorney Aaron Field in a letter to the county Board of Supervisors. 'Barring the press and public from the removal hearing as Sheriff Corpus has requested would violate the First Amendment right of access to public proceedings, undermine a panoply of compelling public interests in administering the removal hearing transparently and needlessly shut San Mateo citizens out of a key phase of a process.' The hearing is scheduled to begin Aug. 18 and is expected to last about 10 days. CalMatters originally filed a request to open the June removal hearing to the public, a request that was denied. The First Amendment Coalition is making the same request for the August removal hearing. Corpus' removal — and her fight against it, including unsuccessfully filing for a restraining order to stop the proceedings — has roiled her department and the community for nearly a year. Several cities in her county have given her administration no-confidence votes, and the unions representing both her deputies and her sergeants have called for her removal. A San Mateo County spokesperson said the county had received the First Amendment Coalition's letter and would announce a decision soon. 'The county has consistently expressed its view that this should be a fully transparent process, including having the August appeal hearing for her removal from office be open,' said San Mateo County spokesperson Effie Milionis Verducci. 'However, the sheriff has blocked it.' The sheriff's department is still in turmoil, most recently when Corpus put a San Mateo County sheriff's sergeant on leave. That sergeant had testified extensively in a second county investigation into Corpus. The union representing San Mateo County Sheriff's sergeants objected, alleging the sergeant was put on leave as retaliation for his testimony. Corpus denied that her actions had anything to do with the report in a statement posted to the sheriff's office website. 'His temporary administrative leave is entirely unrelated to any comments or cooperation he may have provided in the Keker report,' Corpus said in the statement. Duara writes for CalMatters, where the article first appeared. Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.
