Get up to speed and stay smart with the latest business, tech, and local news in under 2 minutes.
Business
Australia’s biggest airline takes a plummet. Qantas AirWays posted a 7.5% fall in first-half underlying profit Airlines in the region have been facing a decline in their profits as flight fares fall due to overcapacity of key routes.
Sembcorp bounces back with a record of $34 million profit for 3 months through December last year, compared to a $534 million loss in 2015. Analysts expect SembMarine to cut their expenditure by 37% this year.
World
New possible life-sustaining planets found. 7 Earth-sized planets that were found in the orbit was said to be “almost certainly rocky, and three are perfectly perched to harbour life-nurturing oceans of water”.
Trump’s got us all confused. Trump is seeking advice from American companies who are shifting their production factories out of US. This is extremely ironic given Trump’s stance on keeping US’s manufacturing from disappearing overseas and preventing loss of blue-collar jobs.
Local
Graduates are rollin’ Local graduates are earning more than ever, reaching a median pay of $3,400. Most graduates were able to find a job within 6 months of graduation. Of which, graduates from SMU start with the highest median pay of $3,700.
Not so good news for the World’s Best Airlines. SIA is amongst 5 airlines called to compensate for passenger delays in Europe. According to European Union’s law, airlines which arrive late, due to airline internal error or malfunction, in any of Europe’s destinations have to compensate their passengers.
Fire breaks out in Tuas. Early this morning, thick columns of fire was seen emerging from Tuas South. The cause for fire outbreak has yet to be ascertain.
Singapore lives up to global “green-city” reputation by planting one of the highest number of trees—with 30% of the republic covered in greenery. This puts us ahead of Sydney and Canada. If you’re wondering how these numbers were calculated, researchers use data from Google Street View to measure the Green-View Index.
Tech
Yahoo pays the hefty price for its data breaches. Verizon announced that they will pay $350 million less than its original offer with Yahoo, for the mistakes they made in their data breaches. Both companies’ shares rose slightly on news of the deal, which is expected to close in the second quarter.
Project Neon gives Microsoft a new look. Windows 10 is getting their biggest update yet with a new design language that would make you wonder if you’re using Windows or iOS.
