Author: Press Room

By Ronnie Harui SINGAPORE–Singapore’s central bank unexpectedly kept its monetary policy stance unchanged, citing cooling core inflation and the dimming economic growth prospects of the export-dependent nation. The Monetary Authority of Singapore will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, as the current path of appreciation is sufficiently tight and appropriate for achieving medium-term price stability, it said in a statement Friday. There will be no change to the width and the level at which the policy band is centered, the central bank said. This policy stance will continue to reduce…

This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. Purchasing a home — especially in this market — can seem like a daunting task. The Escape Home’s Danielle Hyams spoke with Connecticut-based real estate agent Alexa Kebalo Hughes about everything first-time buyers need to know before taking the plunge. The Escape Home: Is there any type of checklist that someone who is thinking of purchasing a home in the next six to 12 months should have?  Kebalo Hughes: Totally. So first and…

© Reuters. Elon Musk is reportedly working on an OpenAI rival By Vlad Schepkov Elon Musk is said to be working on an artificial intelligence (AI) start-up that will rival ChatGPT’s maker and owner OpenAI, as reported by the Financial Times late Friday. According to people familiar with the matter, the billionaire is putting together a team of artificial intelligence researchers and engineers, and has already “secured thousands of high-powered GPU processors from Nvidia” (NASDAQ:) required to power a large language model, “similar to the technology that powers ChatGPT.” While specifics about the project or its purpose are yet to…

By Yuka Obayashi and Katya Golubkova SAPPORO, Japan (Reuters) -Canada is ready to become a reliable provider of critical minerals to its international allies including Japan, a senior official said, as the Group of Seven (G7) countries deem such minerals essential for climate goals and energy security. Canada has signed a joint action plan with the United States to advance secure supply chains for critical minerals and has similar critical minerals cooperation agreements with Japan and the European Union. “We view this resource has been very strategic, not only from an economic point of view, but also from a security…

By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) – Colombia is looking to issue a green bond before the end of 2023, likely in dollars, and could tap traditional credit markets again this year if borrowing costs fall, Finance Minister Jose Antonio Ocampo said on Friday. He said the amounts were not set yet, but that the green bond would be smaller than a $2.2 billion benchmark issuance from his government earlier this year. “We don’t need more financing for 2023. Al 2023 amortizations are covered, and even part of next year’s. We don’t need it, but it could…

The age-old question of philosophers and financial analysts is: Does more money increase happiness? For years, the consensus answer was: Yes, but only to a point. The landmark research on the issue found that happiness doesn’t increase much once a person’s income exceeds $75,000. That 2010 research was led by two Nobel Prize winners, Angus Deaton and Daniel Kahneman, which is why many took it as definitive. But the conclusion was challenged in 2021 by Matthew Killingsworth of the University of Pennsylvania. His research found that happiness does increase when incomes rise above $75,000 but at a slower rate once…

When are your 2022 state and federal taxes due? If you live in California, you will likely qualify for an automatic tax-filing extension. The IRS has offered California taxpayers more time to file their 2022 taxes after the state was hit with a mind-numbing amount of rain in early 2023. While Tuesday, April 18, 2023, remains the tax-filing deadline for most Americans, the IRS is offering California residents in designated areas extra time to file. What Is The New Tax Deadline For Californians? The IRS has announced that California storm victims now have until October 16, 2023, to file individual…

Even amid the cutting, Jassy, who took over from founder Jeff Bezos in 2021, said Amazon is still focused on growing some of its more unproven businesses, like its Kuiper internet satellite and grocery units.The company is also investing in new areas, such as machine learning technology, he added. Amazon is responding to a boom in generative artificial intelligence tools, like OpenAI’s ChatGPT, that have captured the attention of Silicon Valley and set off an arms race between Microsoft and Google.Amazon has used machine learning in various applications over the past few decades, Jassy said. It’s now working on its…

Every parent wants their children to be happy and successful.The best way to ensure that is to teach them mental toughness as early as possible, according to psychotherapist Amy Morin. Mentally tough children are more likely to have high self-esteem, develop resilience that allows them to stay positive amid challenges and learn from their failures.That means choosing your words carefully around your kids, especially in stressful situations where it’s easy to say whatever you think will stop a tantrum or calm a worrying fit. Certain words or phrases could unintentionally send the wrong message, Morin says.”All parents do these things…

A trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have significant ramifications for the right-wing cable channel. Dominion is an election technology company. After former president Donald Trump lost the 2020 presidential election to Joe Biden, Dominion alleged Fox pushed various pro-Trump conspiracy theories, including false and potentially damaging information about the company’s voting technology, because “the lies were good for Fox’s business.” Fox is arguing that it was merely reporting the claims made by the Trump administration and Donald Trump’s associates. It filed a defamation lawsuit…