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Global economy faces four key risks, warns Singapore’s MAS chief

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Global economy faces four key risks, warns Singapore's MAS chief
Global economy faces four key risks, warns Singapore's MAS chief
Global economy faces four key risks, warns Singapore's MAS chief
Global economy faces four key risks, warns Singapore’s MAS chief

The global economy faces not one, but four key uncertainties. It includes a recession next year, according to Singapore’s central bank chief Ravi Menon. A recession would be a sign that authorities will be in firefighting mode for longer.

  1. He listed the severity of the slowdown.
  2. The trajectory of inflation over the medium term.
  3. The impact of geopolitics on markets
  4. Climate risk on portfolios is the main risk to the global outlook.

The key question is how deep and prolonged the recession will be. Menon is the managing director of the Monetary Authority of Singapore. He said in a speech at the SuperReturn Asia conference of private equity and venture capital enthusiasts. That depends on how high and persistent inflation is. He added that central banks have no choice but to tighten more and for longer than markets predict.

Must Read: US Stock Market rebound faces key inflation test

Singapore, like many economies around the world, is grappling with inflation that has yet to peak and a tight labor market. That is still creating headaches for companies that lack workers as they emerge from the pandemic. The MAS has already been adjusted four times in the past year. Adjustment includes two surprise moves and expects to adjust again next month to slow price growth by the end of the year from the current level of 7%.

Medium-term inflation is likely to be higher for longer, rather than recent benign price gains, Menon said. He added that the era of cheap money and labor is likely over.

Singapore has managed to maintain a stable pace of growth this year amid headwinds. The median of 37 economists in a Bloomberg survey in late August projected a 3.6% growth for 2022 after 8% last year. That will be one of the slowest expansion rates in the Southeast Asian region.

At the same time, the heavily trade-dependent economy is vulnerable to an increasingly dark global picture. It includes a significant impact of weakening on China, its No. 1 trading partner. The global race to higher interest rates provides extra pressure on the central bank to continue to tighten. Even as the local currency has suffered less than its regional peers.

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Modi assails Putin over Ukraine war

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Modi assails Putin over Ukraine war
Modi assails Putin over Ukraine war
Modi assails Putin over Ukraine war
Modi assails Putin over Ukraine war

SAMARKAND: Indian Prime Minister Narendra Modi told Russian President Vladimir Putin on Friday that now was not the time for war directly attacking the Kremlin chief in public over the nearly seven-month conflict in Ukraine.

Putin has said that Russia is not isolated because it can look east to major Asian powers such as China and India.

But at the Shanghai Cooperation Organization (SCO) summit, concerns came to light.

“I know that today’s era is not an era of war, and I have spoken to you on the phone about this,” Modi told Putin at a televised meeting in Samarkand.

Must Read: Why Prince Harry Wasn’t in Military Uniform At Queen’s Procession?

As Modi pointed out, Russia’s supreme leader since 1999 pursed his lips and looked at Modi. He then looked down before touching the hair on the back of his head.

Putin told Modi he understood the Indian leader had concerns about Ukraine. But Moscow was doing everything it could to end the conflict.

“I know his position on the conflict in Ukraine, the concerns he expresses,” Putin said. “We will do our best to stop this as soon as possible.”

He said Ukraine had rejected the negotiations. Ukraine has said it will fight until it expels all Russian troops from its land. Ukrainian President Volodymyr Zelenskiy says he will never accept a “peace” that allows Russia to keep Ukrainian land.

India has become Russia’s No. 2 oil buyer after China, as others have reduced purchases after the invasion.

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Texas Social Media Law on Web Censorship Upheld by Federal Appeals Court

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Texas Social Media Law on Web Censorship Upheld by Federal Appeals Court
Texas Social Media Law on Web Censorship Upheld by Federal Appeals Court
Texas Social Media Law on Web Censorship Upheld by Federal Appeals Court
Texas Social Media Law on Web Censorship Upheld by Federal Appeals Court

A federal appeals court has upheld the validity of a Texas social media law that companies like Meta Platforms Inc. and Twitter Inc. say will prevent them from blocking hate speech and extremism.

The U.S. Court of Appeals for the 5th Circuit in New Orleans on Friday lifted a lower court order that had prevented the legislation from taking effect.

Texas law prohibits social media platforms with more than 50 million users from discriminating based on point of view. Texas Gov. Greg Abbott and other Republicans argue. The legislation is necessary to protect conservative voices from being silenced. But tech groups say the measure prohibits platforms. Platforms are from removing neo-Nazi and Ku Klux Klan rules or Russian propaganda about their invasion of Ukraine.

“We reject the platforms’ attempt to extract a free censorship right from the Constitution’s guarantee of freedom of expression,” a panel of judges in the appeals court said. “Platforms are not newspapers. Their censorship is not speech.”

The judges referred the case back to the lower court for further action, under their opinion.

NetChoice is a trade group that represents Facebook owner Meta and other Internet companies. They said it was disappointed with the decision, which “undermines First Amendment protections.”

“Balancing freedom of expression and online safety is what makes the internet usable,” the group said in a statement. “By going online, no one should be forced to wade through horrible and offensive content.”

The majority opinion was written by Judge Andrew Oldham, who was nominated to the bench by President Donald Trump. Judge Edith Jones, nominated by President Ronald Reagan, agreed with Oldham. Judge Leslie Southwick, nominated by President George W. Bush disagreed in part with the majority.

Abbott signed the legislation, known as HB20, a year ago as part of a broader Republican push against what the party sees as censorship of his views.

Critics of the law have said it will wreak havoc on social media platforms. It is removing their ability to moderate and remove content that falls outside of user guidelines. It would also allow Texas residents to sue platforms if posts are removed because their content is being censored.

The law runs counter to growing pressure on social media platforms. They are tightening their rules on content moderation and ban posts that incite violence or harm. This week, executives from Meta, YouTube, Twitter, and TikTok testified before a Senate committee. They faced questions about what companies are doing to protect users.

“We will not,” the judges wrote in their decision. “The laws of Florida and Texas are very different.”

The latest ruling “creates a division of the circuit with the unanimous decision of the 11th Circuit,” said Carl Szabo. He is a Vice President and General Counsel of NetChoice. “We remain convinced that when the U.S. Supreme Court hears one of our cases, it will uphold first-amendment rights to websites, platforms, and apps.”

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The paparazzi clicked Alia Bhatt and Ranbir Kapoor outside Karan Johar’s Dharma office in Khar

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Alia Bhatt and Ranbir Kapoor with Ayan Mukerji. (HT Photo/Varinder Chawla)
Alia Bhatt and Ranbir Kapoor with Ayan Mukerji. (HT Photo/Varinder Chawla)
Alia Bhatt and Ranbir Kapoor with Ayan Mukerji. (HT Photo/Varinder Chawla)
Alia Bhatt and Ranbir Kapoor with Ayan Mukerji. (HT Photo/Varinder Chawla)

Parents-to-be Alia Bhatt and Ranbir Kapoor stepped out in Mumbai with Brahmastra director Ayan Mukerji. While Alia glowed in a yellow silk shirt and boyfriend jeans, Ranbir looked dapper in a white tee and distressed denim jeans.

Mom-to-be Alia Bhatt, alongside her husband and Brahmastra co-star, Ranbir Kapoor, and director Ayan Mukerji stepped out in Mumbai last night. The paparazzi clicked them outside Karan Johar’s Dharma office in Khar. Nagarjuna, who also plays a pivotal role in the film, was snapped outside the filmmaker’s office. The cast and makers of the film are basking in the success of their recently released film Brahmastra Part One: Shiva. They smiled and chatted with the paparazzi. Keep scrolling to see the snippets from their outing.

Must Read: Why Prince Harry Wasn’t in Military Uniform At Queen’s Procession?

On Wednesday night, Alia Bhatt and Ranbir Kapoor, with Brahmastra director Ayan Mukerji and co-star Nagarjuna, stepped out in Mumbai. They were clicked outside Karan Johar’s Dharma office. The parents-to-be sported chic casual ensembles for the occasion. While Alia nailed pregnancy fashion in a yellow silk shirt and distressed jeans, Ranbir looked dapper in a white tee and denim jeans. Many paparazzi pages shared their photos from the occasion.

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Why Prince Harry Wasn’t in Military Uniform At Queen’s Procession?

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Why Prince Harry Wasn't In Military Uniform At Queen's Procession?
Why Prince Harry Wasn't In Military Uniform At Queen's Procession? (Image: Getty Images)
Why Prince Harry Wasn't In Military Uniform At Queen's Procession?
Why Prince Harry Wasn’t In Military Uniform At Queen’s Procession? (Image: Getty Images)

Harry, the Duke of Sussex, cannot wear the military uniform at any of the five traditional events.

New Delhi: Prince Harry joined his brother William and King Charles today. Meet up was during a procession taking Queen Elizabeth’s coffin from Buckingham Palace to the Westminister Hall. While King Charles and Prince William wore ceremonial military uniforms, Harry turned up in a ‘mourning suit.

Must Read: Thousands of Mourners Paying Respects to Queen Elizabeth II at Westminster Hall

Prince Harry is not entitled to wear a military uniform as he and his wife, Meghan Markle, stepped away from his royal duties in 2020. Harry and Meghan are currently non-working members of the royal family. William, who dedicates himself full-time to his royal duties, is now next in line to the throne.

Harry, the Duke of Sussex, won’t be permitted to wear the military uniform at any of the five traditional events. Even leading up to the late monarch’s funeral, including the final vigil scheduled to take place in Westminster Hall.

Harry’s spokesperson in a statement said that the 37-year-old would wear a mourning suit at all the events. “Prince Harry, The Duke of Sussex, will wear a mourning suit throughout events honoring his grandmother,” the spokesperson said.

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Varun Dhawan Said “Amazing” To His Wife Natasha Dalal In Koffee With Karan 7

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Varun Dhawan Said
Varun Dhawan Said "Amazing" To His Wife Natasha Dalal In Koffee With Karan 7 (Image: Varun Instagram)

Koffee With Karan 7: “She is the balancing factor of my life,” said Varun Dhawan

Varun Dhawan Said "Amazing" To His Wife Natasha Dalal In Koffee With Karan 7
Varun Dhawan Said “Amazing” To His Wife Natasha Dalal In Koffee With Karan 7 (Image: Varun Instagram)

New Delhi: Varun Dhawan and Anil Kapoor were at their candid best in the new episode of Koffee With Karan 7. No episode is complete without conversations about the celebs’ relationships. It happened on the new one too. Karan Johar asked Varun Dhawan about his marriage. He said, “You pretty much married your “college sweetheart.” Varun was quick to correct KJo and said, “School sweetheart.” Speaking about wife Natasha Dalal, Varun Dhawan said, “it has been amazing. She is the best thing that’s happened to me in my life. She is the balancing factor in my life. And she doesn’t ask for much. She doesn’t demand much. She wants my time. She is amazing.”

Karan Johar then directed the question to Anil Kapoor and asked him: “AK, married for so many years. Is this the kind of response you have as well to successful marriage for many decades?” Anil Kapoor replied: “No, this is one of the lessons I’ve taught him. You have to praise your wife and do things that make her happy. It is also important to consider how she makes you happy. This is all scripted.”

Must Read: Career Horoscope for Sep 15, 2022

When KJo added, “Is that a game that you play?” Anil Kapoor said, “This is the game. Why do you think Jugjugg Jeeyo we could all identify with? You will see the real me in the film.”

KJo then pointed out: “The real you in the film was cheating on your wife.” To this, Anil Kapoor said, “Can’t hear you.” Karan Johar then asked, “What is your theory on infidelity in a marriage?” The veteran actor’s reply was: “No, I don’t believe in that. You know, we’re very sincere, very honest. You know completely.” He added, “I don’t endorse it.”

When Varun Dhawan was asked, “Do you endorse it?” He said, “Not at all. Not at all.” Asked if “sexual infidelity is a deal breaker” for him, Varun replied, “100 percent. It is a deal breaker for my wife and my dog. I don’t think he will be happy about it. If I cheat on my wife, my dog will bark and let her know. So I will not go there.”

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Career Horoscope for Sep 15, 2022

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Career Horoscope for Sep 15, 2022
Career Horoscope for Sep 15, 2022

These zodiacs may get recognition at work

Career Horoscope for Sep 15, 2022
Career Horoscope for Sep 15, 2022

Get daily career and money astrological predictions. It will help you make right decisions for your growth.

Aries: Today you may find yourself with more work than time to complete it. Still, you shouldn’t worry; setting priorities will help. If your seniors seem helpful today, take advantage of their willingness. It will help you solve any issues that have been plaguing you for a while. Consult an experienced person when you need a professional problem.

Taurus: Sometimes life throws you a curveball. You find yourself in the middle of an argument with a co-worker when there was no need for it. If you can maintain your composure, you should be fine. Even if you’re right and the other person is wrong, it’s still crucial to know when to stop talking and not insist on having the last word. Talk it out rather than letting tensions rise.

Gemini: Someone is quite envious of you, but you should brush it off. Many individuals around you are resentful of your recent career and personal successes. Roll with it and realize that envious people are usually suffering from their own unpleasant emotions. And aren’t actually out to hurt you. To influence them, you should use all the charm you can muster.

Cancer: Competitors will try to discredit you; thus, you must counteract their efforts. Today is a day to put in your best effort at work, and to keep a watch out for anyone who might be plotting behind your back to bring you disrepute. Pay attention to how your superiors perceive you and Whether that alters. When an issue is detected, action must be taken immediately. Try to maintain your objectivity in discussions.

Leo: Don’t let this day go by without seizing a job prospect that will push and benefit you. As a result, you’ll be able to put your confidence and resourcefulness to good use. In the same way that your past experiences led you to where you are today, your next job could be the key to your future professional advancement. Meanwhile, hone your communication abilities to set yourself apart from the competition.

Virgo: Instead of charging headlong into battle, take a moment to appreciate the positives around you. Now that you’ve prepared yourself mentally. You may approach the people in your immediate workgroups. The people with a resolve to succeed and a need for stability. Even casual talk can have a significant impact on your career. Don’t be shy about voicing your thoughts and feelings when the time is perfect.

Libra: The people you work with and the goals you pursue have profound effects on your life. It’s possible, though, that your level of investment in these areas needs tweaking. Prioritize things that will have a positive effect on your career. The secret is keeping an open mind, which will allow you to take charge of your financial and career decisions. Marks your friends and depends on them.

Scorpio: You can alter the course of your work life. There is a good chance that the success of your career will depend on the depth and breadth of your professional network. Have faith in your influence, assets, and capabilities. They are about to alter your career’s trajectory, whether you like it or not. The challenge is keeping an optimistic mindset while remaining cognizant of your limitations.

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Thousands of Mourners Paying Respects to Queen Elizabeth II at Westminster Hall

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Thousands of Mourners Paying Respects to Queen Elizabeth II at Westminster Hall
Thousands of Mourners Paying Respects to Queen Elizabeth II at Westminster Hall
Thousands of Mourners Paying Respects to Queen Elizabeth II at Westminster Hall
Thousands of Mourners Paying Respects to Queen Elizabeth II at Westminster Hall

Thousands of people have queued to pay their respects to Queen Elizabeth II. She lies in state in Westminster Hall after leaving Buckingham Palace for the final time.

The late Queen brought in a procession from the Palace – Princes William and Harry. They along with King Charles III walked behind the coffin.

There were long queues along the South Bank of the Thames as Britons wait to view the coffin. Guns fire in Hyde Park and Big Ben tolled every minute in the sombre ceremony.

Hundreds of thousands of people expect to file past in the coming days. The Queen’s coffin will rest at the hall until Monday.

Leaders, politicians, public figures, as well as more than 500 dignitaries from around the world, will descend on London. The presence will to pay their last respects to Britain’s longest reigning monarch, who died Thursday at the age of 96. US President Joe Biden has already confirmed that he will be at the event, which will be attended by up to 2,000 people.

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Land Rover Marks 75th Anniversary with £85,955 Defender

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Land Rover marks 75th anniversary with £85,995 Defender
Land Rover marks 75th anniversary with £85,995 Defender
Land Rover marks 75th anniversary with £85,995 Defender
Land Rover marks 75th anniversary with £85,995 Defender

A limited-edition Land Rover Defender has been launched to mark 75 years of the iconic British brand. Land Rover Defender has been established with unique paint and is priced at £85,995.

A cosmetic reworking of the current Defender, the Defender 75th Limited Edition will be launched three-quarters of a century after the legendary Land Rover Series I was introduced in 1948, then just the name of the SUV launched by the now-defunct Rover.

It would be available in 90 or 110 body styles (the larger eight-seat 130 has been omitted). You will get a Grasmere Green paint job (not seen before on a Defender. synonymous with early Land Rover models) with 20-inch alloy wheels colored to match the bodywork.

Other unique features include several “75 Years” graphics throughout the body and Ceres Silver bumpers. Inside, the dashboard crossbeam is also colored to match the Grasmere Green bodywork.

75th anniversary detailing is applied across the car
75th anniversary detailing is applied across the car
It will be available in both Defender 90 and 110 body styles, but not as the eight-seat 130
It will be available in both Defender 90 and 110 body styles, but not as the eight-seat 130

These touches help lift the limited edition to a starting price of £85,995 (£89,995 in 110 forms). It has a hefty increase of £24,055 from the HSE-finished Defender (£61,940) on which it is based. However, it won’t be the most expensive Defender in the range with that distinction for the £113,505 Land Rover Defender V8 Carpathian Edition.

Must Read: BMW Opens the Door to an Electric Supercar Inspired by the M1

He said that the brand has positioned the Defender 75th Limited Edition as a collectable piece but has not put a cap on production numbers.

Stuart Frith, the chief lifecycle engineer, said: “This new limited edition captures the spirit of the past 75 years. It has with its color and details, and fuses with innovative new technology and unrivaled off-road capability.”

Under the hood, the two powertrain options are the 296 bhp D300 diesel (models 90 and 110) and the 398 bhp P400e plug-in hybrid (only 110).

The technology includes a 3D surround camera and configurable terrain response. A car has a Meridian sound system and an 11.4-inch Pivi Pro infotainment system. All vehicles also have several options as standard, including the towing package. Buyers will be able to replace the standard folding fabric roof with a sliding panoramic option.

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Nadia Hits Four as Pakistan Crushes Maldives 7-0

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Nadia hits four as Pakistan crushes Maldives 7-0
Nadia hits four as Pakistan crushes Maldives 7-0 (Source: SAFF)
Nadia hits four as Pakistan crushes Maldives 7-0
Nadia hits four as Pakistan crushes Maldives 7-0 (Source: SAFF)

KATHMANDU: The moment Pakistan had been waiting for finally came in the 40th minute against the Maldives on Tuesday – the first goal for the women’s national team in eight years.

After that, the floodgates opened as Pakistan scored six more times with Nadia Khan getting four in the second half in a crushing 7-0 win in their final SAFF Women’s Championship Group ‘A’ match here at Dasharath Rangasala Stadium.

Finally, they were able to taste a victory; his first since 2014 and the biggest in his history having opened the tournament with defeats against India and Bangladesh respectively.

“This is the perfect launch pad for us… there is nothing better than this,” Pakistan coach Adeel Rizki said at a post-match press conference with the women’s team that missed international football for most of the last decade due to the institutional crisis in the Pakistan Football Federation.

Even participation in this tournament would not have been possible if FIFA’s suspension over Pakistan had not been lifted in June.

Must Read: Asia Cup 2022: Shahnawaz Dahani, Pakistani pacer will not play today due to injury

“We could have said we couldn’t do this as we had very little time to prepare,” Rizki added. “But we took advantage of this opportunity by the neck and had a camp for the last month. It wasn’t easy, but we tried our best to be here.

“We’re going to continue [this momentum]. We will take a break after returning home and then we will try to get some national tournaments up and running and try to organize more matches for the team.”

Already out of the semi-final contest, Pakistan was looking to finish the tournament on top and tear the Maldives apart once Rameen Fareeed’s long-range effort beat goalkeeper Aminath Leeza on the rebound for the first goal.

Khadija Kazmi doubled Pakistan’s lead three minutes into the second half from the penalty spot before Nadia took over with goals in the 53rd, 78th, and 84th, leaving the Maldives defense in their wake with their pace.

“The previous two matches, we had different oppositions… teams that had been together for a long time,” Nadia, who plays for Doncaster Rovers Belles in England’s fourth tier, told reporters after the match.

“We had different strategies, but in this game, we knew we can attack more, but I still think it’s the union and belief in each player and mutual trust that also pushed us through.”

Nadia added a fourth in the 90th minute before substitute Anmol Hira completed the defeat in the fifth minute of stoppage time to leave the Maldives winless in the tournament and score Pakistan’s biggest win since their 4-1 win over Bhutan in 2014.

Bangladesh later took first place in the group after a resounding 3-0 victory over India, which has won all five editions of the tournament.

Jahan Shopna scored twice, while Srimoti Krishnarani Sarkar scored the other goal as Bangladesh inflicted India’s first defeat in SAFF women’s championship history.

Bangladesh stunned India by taking the lead in the 12th minute when Srimoti’s brilliantly weighted ball was finished off by Jahan, who became a provider 10 minutes later when Srimoti found the back of the net.

Jahan got his second in the 53rd, this time converting from captain Sabina Khatun’s pass as Bangladesh set up a quarter-final clash with Bhutan on Friday as India will face hosts Nepal for a place in the final.

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