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US consumer confidence ebbs in May as inflation worries mount
International

US consumer confidence ebbs in May as inflation worries mount

US consumer confidence dipped in May, according to The Conference Board. The index fell by 0.7 points to 93.1. This decline was driven by mounting inflation worries stemming from the Middle East conflict, despite better labor market outlooks for consumers.
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Aramco to transfer PRefChem stakes to Malaysia’s Petronas
Business

Aramco to transfer PRefChem stakes to Malaysia’s Petronas

Saudi oil giant Aramco is transferring its stakes in the PRefChem joint venture to Malaysia's Petronas. This move ends an eight-year partnership and aims to give Petronas full ownership for regional fuel supply flexibility.
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Trump links Abraham Accords to any Iran deal, asks Muslim nations to normalise relations with Israel
International

Trump links Abraham Accords to any Iran deal, asks Muslim nations to normalise relations with Israel

Donald Trump urged several Muslim nations to join the Abraham Accords with Israel, linking it to a potential peace deal with Iran. However, Pakistan rejected the demand, and regional mistrust remains high over Gaza tensions, complicating his diplomatic push.
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Xi hails 'unbreakable' Pakistan ties, praises Iran peace efforts
International

Xi hails 'unbreakable' Pakistan ties, praises Iran peace efforts

President Xi Jinping praised China’s “unbreakable” ties with Pakistan during a meeting in Beijing. He stressed deepening the strategic partnership while commending Pakistan's constructive role in regional peace efforts, particularly regarding Iran and the US.
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UK set to break record for hottest May day, with highs of 35 deg C expected
International

UK set to break record for hottest May day, with highs of 35 deg C expected

The UK is predicted to break its May temperature record on May 25th, with highs expected at 35°C during an unprecedented heatwave. Scientists warn that such extreme weather events are becoming more frequent and intense due to human-induced climate change.
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Motorists advised to avoid roads near Shangri-La Singapore from May 28 to 31 due to security summit
Singapore

Motorists advised to avoid roads near Shangri-La Singapore from May 28 to 31 due to security summit

Motorists are advised to avoid roads near Shangri-La Singapore from May 28–31 due to the security summit. Police will conduct extensive checks, establishing a restricted area around the hotel. Motorists must use public transport or designated alternative routes instead of entering the affected zone.
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Singapore keeps 2026 growth forecast at 2-4% but flags 'significant' risks from Middle East war
Singapore

Singapore keeps 2026 growth forecast at 2-4% but flags 'significant' risks from Middle East war

Singapore maintains its 2026 economic growth forecast at 2-4%, driven by strong Q1 performance and AI investment. However, the Ministry flags significant downside risks due to global supply disruptions and the Middle East conflict.
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Asean firms to allocate 81% of investments within Asia, move supply chains to region: BT survey
Asia

Asean firms to allocate 81% of investments within Asia, move supply chains to region: BT survey

ASEAN businesses plan to allocate 81% of capital expenditure within Asia, prioritizing intra-Asia markets like ASEAN (90%). They are shifting supply chains into the region, focusing heavily on automation and AI investments over US/EU expansion.
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Singapore keeps 2026 economic growth forecast at 2-4%, citing higher downside risks from Iran war
Business

Singapore keeps 2026 economic growth forecast at 2-4%, citing higher downside risks from Iran war

Singapore maintained its 2026 growth forecast at 2-4%. While AI demand remains a strong driver, the outlook faces significant downside risks due to the Middle East conflict. Energy shortages and supply chain disruptions are key concerns for the economy.
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Singapore to shorten time for the rich to open private banking account as part of wealth push
Finance

Singapore to shorten time for the rich to open private banking account as part of wealth push

Singapore's MAS is streamlining private banking processes to boost competitiveness. By adopting a risk-proportionate approach, the median account opening time will be significantly reduced from six weeks to within one month by late 2026, maintaining high regulatory standards.
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Possible Iran-US deal: What we know
International

Possible Iran-US deal: What we know

A potential US-Iran deal aims to end the Middle East conflict. Key terms include reopening the Strait of Hormuz for shipping and partial sanctions relief for Iran's frozen assets. Negotiations also address nuclear concerns and a Lebanon ceasefire.
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Suspect, 21, dies after trading gunfire with officers near White House: US Secret Service
International

Suspect, 21, dies after trading gunfire with officers near White House: US Secret Service

A 21-year-old suspect opened fire near the White House on May 23 after approaching a police checkpoint. US Secret Service agents returned fire, leading to his death in an area hospital. Authorities also reported that a bystander was struck during the shooting incident.
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