Singapore’s unemployment close to pre-Covid levels, says minister

Singapore’s labor shortage problems are easing as unemployment continues to fall close to pre-pandemic levels, said Minister of Manpower Tan See Leng. “For local unemployment, we are actually in a fairly good state. The unemployment has dropped. I think we’re close to pre-Covid levels,” he told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing … Read more

Hello Kitty parent company Sanrio’s shares surge on Alibaba deal

Shares in Sanrio shot up as much as 15 per cent on Thursday morning after the Japanese company behind Hello Kitty struck a licensing deal with Chinese ecommerce group Alibaba in a bid to expand its footprint. The five-year deal signed with Alibaba’s intellectual property licensing subsidiary, Alifish, will cover Sanrio’s cast of characters including … Read more

China lured graduate jobseekers into digital espionage

Chinese university students have been lured to work at a secretive technology company that masked the true nature of their jobs: researching western targets for spying and translating hacked documents as part of Beijing’s industrial-scale intelligence regime. The Financial Times has identified and contacted 140 potential translators, mostly recent graduates who have studied English at … Read more

Coinbase seeks Europe licenses in bid to expand growth outside U.S.

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the UK, Ireland and Germany, but wants to … Read more

Chinese plans to save hit a record high in Q2; job concerns rise

Education remained the most popular category for Chinese consumers’ planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China News Service | Getty Images BEIJING – Chinese consumers’ inclination to save is at its highest in two decades, the People’s Bank of China found … Read more

Here’s what’s hot — and what’s not — in fintech right now

There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas focused on generating stable streams of income. Jantakon Kokthong / Eyeem | Eyeem | Getty Images Financial technology is the hottest … Read more