CureVac BV raised US$213 million in its initial public offering on Thursday, a person familiar with the matter said, setting the stage for the first stock market debut of a company developing a promising vaccine to combat the novel coronavirus.
Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide.
North Korean leader Kim Jong Un lifted a three week lockdown in the city of Kaesong and nearby areas, after a man who defected to the South returned to the border town last month showing coronavirus symptoms, state media said on Friday.
When two police officers tried to question a man in a Volkswagen at a carpark, he suddenly sped forward and rammed his car several times against a police car blocking his exit. His actions caused the police car to shift, creating enough space for the man to squeeze his car past and speed away, leaving behind an injured officer, said eyewitnesses. The drama unfolded at Bukit Merah Lane 3, a hub of automotive workshops, on Wednesday evening. The police that said they arrested a 37-year-old man yesterday in connection with the incident. The man was detained for his suspected involvement in a case of rash act causing hurt and a drug-related offence, the police said in a statement yesterday evening. It did not mention where the man was arrested. The police confirmed the incident happened on Wednesday while they were conducting a check on the man during an operation in Bukit Merah Lane 3. During the check, the man was uncooperative. «He accelerated his car and drove towards the police officers who attended to the incident, injuring one police officer, before driving off,» the police added.
SINGAPORE - In the early weeks of the coronavirus outbreak, Anthony Tan, the CEO of South-east Asia's biggest ride-hailing firm, recalls how he mistook the infection to be a China-only problem, similar to the Severe Acute Respiratory Syndrome or Sars in 2003. As Covid-19 turned into a pandemic, sending markets into a tailspin, the 38-year-old sought advice from titans among his investors including Softbank's Masayoshi Son and Microsoft's Satya Nadella. The message was clear. No one knew how long the crisis would last or how deep it would be. Mr Tan, who co-founded Grab in 2012 with fellow Harvard Business School alumni Tan Hooi Lin, learnt he had to set thresholds and make decisive moves, even if they were unpopular. «There's no more debate, it's just execution,» he said. In June, the Singapore-based company laid off around 360 employees, just under 5 per cent of its headcount, after slashing discretionary spending. «I remember tears couldn't stop rolling down my face. I don't ever want to go through it again,» Mr Tan said in his first interview since the layoffs.
More users in the United States downloaded chat app WeChat and its encrypted alternative Signal, after President Donald Trump threatened to ban WeChat, owned by Chinese company Tencent, according to Sensor Tower data shared with Reuters on Thursday.
Former UFC heavyweight champion Daniel Cormier intends to reclaim the belt he lost to Stipe Miocic when the two face off again in Las Vegas on Saturday, but regardless of the result, the 41-year-old says that this time he's retiring for good.
RB Leipzig pulled themselves into the Champions League semi-finals for the first time in their short history with an unlikely 2-1 win over the highly experienced Atletico Madrid in Lisbon on Friday.
Serena Williams survived another scare to beat older sister Venus 3-6 6-3 6-4 on Thursday in the latest instalment of their reluctant on-court sibling rivalry to reach the quarter-finals of the inaugural Top Seed Open in Lexington, Kentucky.
Plant-based burger maker Impossible Foods said on Thursday it secured US$200 million in funding, less than six months after it raised the largest investment ever for a food tech startup, bringing total funds raised since its founding in 2011 to US$1.5 billion.
Apple Inc on Thursday removed popular video game "Fortnite" from its App Store for violating the company's in-app payment guidelines, prompting developer Epic Games to initiate legal action against the iPhone maker.
Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time.
Thousands of protesters formed human chains and marched in Belarus on Thursday in a growing wave of peaceful demonstrations over President Alexander Lukashenko's disputed re-election and an ensuing brutal police crackdown.
Celtic have signed Switzerland striker Albian Ajeti from Premier League side West Ham United on a four-year deal, the Scottish Premiership champions announced on Thursday.
The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards, but mainland firms are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals.
SINGAPORE - Was Mrs Lee Suet Fern playing the role of lawyer or daughter-in-law in handling her father-in-law Lee Kuan Yew's will in 2013? This was the question at the centre of arguments made by lawyers representing the Law Society and Mrs Lee on Thursday (Aug 13) in the disciplinary hearing before the Court of Three Judges. The Law Society argued that Mrs Lee had acted as Mr Lee's lawyer, having received instructions from him and acted on them, and also cutting out his usual lawyer, Ms Kwa Kim Li, in the preparation and execution of the will. In doing so, she had taken on the responsibilities of his lawyer, and so an implied retainer arose, said the society's lawyer, Ms Koh Swee Yen from WongPartnership. Also, there was clear conflict of interest, as her husband, Mr Lee Hsien Yang, the younger son of Mr Lee and brother of Prime Minister Lee Hsien Loong, was a beneficiary of the will, she added.
What many had thought to be a case of killer litter at a Punggol block on Tuesday (Aug 11) evening turned out to be untrue. The police told AsiaOne that they are investigating two men who are believed to have lodged a false report. The 25-year-old man had claimed that his friend, a 35-year-old man, was a victim of high-rise littering. He alleged that his friend was injured by a glass bottle thrown from Blk 227A Sumang Lane.
Are you a fast and voracious reader? AsiaOne's newsroom and engineers have together created a new feature that offers you all our stories at a glance, in an easy-to-digest format. Newslite is a one-stop feed that serves you not only the headlines but the key points from every article. In today's connected world, there is an information overload that traditional consumption habits cannot maximise. Newslite attempts to bridge what you need to know with your limited amount of time. No more spending precious minutes on a long story. No more opening multiple pages. No more clickbaits. You don't have to know speed reading or other fanciful techniques to browse Newslite - it makes you a speed reader by default. If you wish, you can filter the newsfeed by categories. If you want to know more, the full article is just a click away. Furthermore, what makes Newslite more revolutionary is the artificial intelligence behind it.
Upset with a Ministry of Education (MOE) outdoor advertisement, a man took to Facebook to complain about how it supposedly infringed the copyright of an iconic album cover by legendary psych-pop group Pink Floyd. But he quickly took down the accusation after netizens pointed out that you can’t plagiarise a common scientific diagram of light diffracting through a prism. The man had posted earlier today (Aug 13) that the poster he saw was a “lazy attempt at an engaging advertisement” due to similarities with Pink Floyd’s Dark Side of the Moon album cover. The ad itself promoted the career prospects of being a teacher, a role that could «change the future». The word 'change' is stylised with a graphic of a triangular prism where diffraction occurs, a familiar illustration of white light breaking up into its spectral colours.
It looks like the seventh lunar month is off to a less than auspicious start for one prayer offerings company. Following backlash from netizens, Goldpaper.sg, an online store selling prayer offerings and supplies, told Lianhe Wanbao it has ceased the distribution of its controversial vouchers appearing to portray former Singapore president Yusof Ishak as the Chinese God of Wealth since yesterday (Aug 12). The store's employees had reportedly been spotted handing out the vouchers at Waterway Point on Monday (Aug 10), dressed up as mythical figures including Chinese vampires and guards of the underworld Heibai Wuchang. PHOTO: Lianhe WanbaoThe voucher, which contained a promotional code for use with the store's seventh lunar month packages, resembled a $10 bill, save for several key differences. Instead of «Singapore», the store's vouchers featured the non-existent country «Xingapore».
The Housing and Development Board (HDB) announced the launch of more than 7,000 BTO flats across eight locations in Singapore on Wednesday (Aug 12). The new plots are located in Ang Mo Kio, Bishan, Choa Chu Kang, Geylang, Pasir Ris, Tampines, Tengah and Woodlands. Among the bunch however, there appears to be one standout development that has gotten the most interest from netizens.
A 35-year-old man was taken injured to hospital after he was hit by a glass bottle falling from height on Tuesday evening. The high-rise killer litter incident happened at Block 227A Sumang Lane in Punggol. The police said they were alerted at about 6.30pm to a case of rash act causing hurt, and the victim was taken to Changi General Hospital. Police investigations are ongoing. The New Paper understands that the man, who was at the foot of the block, was struck on the head by a beer bottle inside a plastic bag, which also contained some tissue paper and a receipt. Chinese language newspaper Shin Min Daily News, quoting an eyewitness, reported that the victim was chatting with a group of friends when the bottle hit him on the head, which started bleeding. PHOTO: Shin Min Daily NewsKNOCKED ON DOORS The wound was about 4cm long, and someone called for an ambulance immediately. The extent of his injury is not known.
SINGAPORE - A number of projects in the mega build-to-order (BTO) sales exercise on Wednesday (Aug 12) may take up to five years to complete due to safety measures introduced at construction sites to curb Covid-19. The Housing Board said home buyers keen on the 1,785-unit UrbanVille @ Woodlands project, a five-minute walk from Woodlands MRT station, will have to wait the longest, at around 62 months. The project is slated to be completed in the second quarter of 2026. The 1,070-unit Costa Grove in Pasir Ris will take between 56 and 58 months, with an estimated completion date in the fourth quarter of 2025. The 472 BTO flats in Bishan and 1,044 flats in Parc Residences @ Tengah have an estimated waiting time of between 52 and 54 months, to be ready around the second or third quarter of 2025. On Wednesday, National Development Minister Desmond Lee acknowledged in a Facebook post that some of the projects have a «longer than normal» completion timeline, which may be of concern to buyers.
While many of us were playing games like FF VII Remake or Doom Eternal while staying home this past year, one geek decided he wanted to use that time to make his own game. So he learned some game development skills from YouTube and created Gloom and Doom, an indie game about being stuck in life. What he ended up with is a quirky visual novel about an ancient ghost named Gloom and a young girl named Wynona who is destined to destroy the world. According to the self-described “game dev noob” Drew Pan, the story is based on his experiences during university. He didn’t know what he wanted to do with his life, his friend was stuck in a lousy job, and another friend couldn’t get out of a toxic relationship. “I sort of combined all of that into a horror concept with a wraith as the protagonist,” he explained.
Dutt issued a statement on Tuesday (Aug 11) saying that he was taking a break "for some medical treatment". A journalist later tweeted that the actor had been diagnosed with lung cancer and would be undergoing treatment in the US.
Three people died when a passenger train derailed in northeast Scotland on Wednesday, police said, following heavy rains and severe flooding across parts of the region overnight.
Wind and solar produced a record 10 percent of global electricity in the first half of 2020 as the world's coal plant fleet ran at less than half its capacity, analysis published Thursday showed.