World

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. Money is a tool that can help you afford to make life decisions that best suit both your needs and wants. It can buy you a much-needed vacation so you can recharge from a stressful period. It can give you the security to leave a job for a while to focus on raising your children. Money can also help you afford things like a car or a personal trainer that can make your life easier and give you more time to focus on the things you love. UPGRE YOUR investing apps, credit cards and net worth, as well as your at-home fitness equipment, work-from-home setup, sleeping aids an...

These days, everything from the seemingly random shortages of items in the grocery store to the small-print warnings that your online purchases could experience shipping delays can all be traced back to a woefully out-of-whack supply chain. The everyday items and services we've all come to take for granted — buying half-and-half, getting the kitchen repainted, buying a new couch — have been disrupted by the Covid-19 pandemic, and more specifically, the unpredictable delta variant. As we've all been forced to acknowledge over the past 18 months, when one point in the supply chain gets disrupted or delayed, the reverberations are felt down the line. More than 70 container ships unable to unload goods at ports in Los Angeles and Long Beach isn't just a nightly news story. It's the reason why...

TOKYO : The Bank of Japan is expected to offer a slightly bleaker view on exports and output this month, or warn of heightening risks from supply disruptions caused by factory shutdowns in Southeast Asia, said sources familiar with its thinking. The gloomier assessment, combined with weaker-than-expected consumption in August due to coronavirus curbs, could cast doubt on the BOJ's view that the economy is on track for a moderate recovery as it gears up for its policy meeting on Sept. 21-22. "While overseas demand remains strong, the supply shock from Southeast Asia has put an unexpected damper on output," said a source familiar with the BOJ's thinking, a view echoed by three other sources. The sources could not be named because they were not authorised to speak publicly. "Risks to the e...

This story is part of CNBC Make It's One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. Side hustles can be a great way to bring in some extra cash, but starting one can be challenging. Jennifer Shealey knows that well. For years, she had to work two part-time jobs to stay afloat, in addition to her digital marketing side hustle on Fiverr. But sticking with it paid off, and eventually, "I was basically making more with Fiverr than I was with those two jobs together," Shealey previously told CNBC Make It. Since starting on the freelancer platform in 2014, Shealey has made over $366,000 in sales. Along the way, Shealey learned a few valuable lessons about how to build a business. Here are fo...

DOHA: Australia beat Vietnam 1-0 on Tuesday (Sep 7) to become the first AFC nation to win 10 successive World Cup qualifiers while Japan edged China by the same score to rebound after a shock defeat to Oman last week. Australia's victory, courtesy of Rhyan Grant's first-half winner, left the Socceroos on two wins from two in Group B. Played behind closed doors at My Dinh National Stadium in Hanoi because of COVID-19 restrictions, Australia struggled to get past Vietnam's disciplined defence before Grant's header in the 43rd minute from an Ajdin Hrustic cross broke the deadlock. It was Grant's first international goal and ended Vietnam's 17-match unbeaten streak at home. Australia had beaten China 3-0 in Doha last week and Tuesday's victory means they have a perfect 10 wins from 10 matc...

Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation and signs of slowing global economic growth boosted the dollar. Long positions on the Singapore dollar, Taiwan's dollar and the Indian rupee were reversed, while bearish views on the South Korean won hit a two-year peak, the poll of 12 respondents showed. The Indonesian rupiah was the only currency with a bullish trend, although long bets were almost halved. The safe-haven greenback has risen to a one-year high since the Federal Reserve's hawkish tilt two weeks ago led markets to price in a rate hike sometime in 2022, with sharp gains in benchmark Treasury yields adding to its appeal. The dollar is expected to domi...

LONDON :For the Toon Army, the nickname of Newcastle United's success-starved followers, news that the club's sale to Saudi Arabia's Public Investment Fund appeared to be on the brink of completion on Thursday, will feel like an early Christmas present. To be more precise it will feel like all their Christmases have come at once. With the clock ticking down on the deal, Newcastle fans began gathering at the club's St James' Park stadium amid an atmosphere of mounting excitement. While rival fans smirk at what they regard as delusions of grandeur at the north east club who have not been English champions since 1927 and have not won any domestic silverware since 1955, those who flock more in hope than expectation to St James' Park truly believe the club is a slumbering giant. Even the ho...

U.S. lawmakers pounded Facebook on Tuesday, accusing CEO Mark Zuckerberg of pushing for higher profits while being cavalier about user safety, and they demanded regulators investigate whistleblower accusations that the social media company harms children’s mental health and stokes divisions. Zuckerberg, hours later in a public Facebook post, defended the company, saying the accusations were at odds with Facebook’s goals. “The argument that we deliberately push content that makes people angry for profit is deeply illogical,” he wrote. “We make money from ads, and advertisers consistently tell us they don’t want their ads next to harmful or angry content. And I don’t know any tech company that sets out to build products that make people angry or depressed.” During a Senate Commerce subcom...

GREATER DANGERS TO MUTUAL TRUST AND SOCIAL COHESION Terrorist groups in these faraway places were serious threats to Singapore. But for multi-racial and multi-religious Singapore, terrorism was not just a threat to our physical safety. The greater danger was to our mutual trust and social cohesion. In the face of jihadist terrorism, and especially after several Singaporean members of the JI were detained, non-Muslims in Singapore could easily have become fearful and suspicious of their Muslim neighbours, colleagues and friends. And Muslims in turn, feeling distrusted and threatened, could have closed in on themselves. We would have been divided by race and religion. And if an attack had actually taken place here, our society could have been torn apart. But we drew on the trust built u...

HONG KONG :The editor-in-chief of state-backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group that it should not bet on a government bailout on the assumption that it is "too big to fail". It was the first commentary to appear in state-backed media casting doubt on a government bailout for the country's No.2 property developer, whose shares fell on Friday for the fifth consecutive day amid concerns it is heading for default. Evergrande is scrambling to raise funds to pay its many lenders and suppliers and investors, with regulators warning its US$305 billion of liabilities could spark broader risks to the country's financial system if not stabilised. Global Times' editor-in-chief Hu Xijin said on his WeChat social media account on Thursday that Evergra...