US stocks tank on tariff woes with S&P 500 suffering worst day since 2020

Wall Street experts are warning of continued economic turbulence as countries rush to make deals with US President Donald Trump, who insists his trade war is "doing really well" despite fears of recession. Trump's aggressive tariffs strategy is moving forward quickly, while US consumer expectations for price growth have reached a four-decade high, leading to increased uncertainty in the global economy. Beijing has retaliated by raising tariffs on US exports to China, adding to the...

The Ministry of Social and Family Development (MSF) in Singapore will conduct a further review of the fatal abuse case of four-year-old Megan Khung. The review will include responses from all involved parties, such as the preschool, social service agency, and police. Megan was abused by her mother and her then-boyfriend before her death in February 2020. MSF previously stated that interventions were inadequate before Megan's death due to a lack of information on the...

Adam Posen, a former Bank of England policymaker and head of the Peterson Institute in Washington, compared Donald Trump's tariff battle with China to the Vietnam war, suggesting both sides will be stuck in a quagmire without a face-saving exit. Posen likened Trump's tactics to Presidents Johnson and Nixon in the Vietnam war, who were unable to accept defeat by increasing attacks and refusing to negotiate a real peace, leading to a prolonged conflict. Full...

Minister Edwin Tong warned that rolling back diversity, equity, and inclusion (DEI) programs will deepen divisions and exacerbate inequality, as seen in the US under the Trump administration. Major corporations like Pepsi and Google have scaled back DEI references, risking the progress made in promoting equality globally. In Singapore, efforts to build a fairer and more inclusive society continue, with improvements in gender equality and digital inclusion. Full Article

A team from the ruling People’s Action Party (PAP) visited Pulau Ubin to address wildlife issues and seniors' difficulties in accessing digital support vouchers. Unique challenges faced by residents included wild monkeys stealing fruit and limited electricity generation capabilities, with hopes for new developments to attract visitors back to the island. The visit comes as Pulau Ubin was redrawn into the boundaries of the new Pasir Ris-Changi Group Representation Constituency (GRC) in the latest electoral...

During the trial of Ng Yu Zhi, a car dealer testified that Ng spent over S$8 million on high-end cars and special vehicle registration plate numbers over seven months, a fraction of the total amount spent on cars. Ng is accused of defrauding investors of almost S$1.5 billion through an elaborate nickel investment scheme. The dealer revealed details of the cars purchased by Ng and how ownership was transferred to others under Ng's instructions. Full...