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SMRT Trains full-year profit nearly doubles to S$12.8 million as revenue rises 5.6%Economy

SMRT Trains reported net profit of S$12.8 million for the full year, almost twice the S$6.9 million recorded a year earlier. The prior financial year was affected by a six-day disruption on the East-West Line and the costs linked to it. Revenue climbed 5.6% to nearly S$970 million, which the rail operator attributed to stronger ridership and fare revenue. SMRT is also testing technology at Marina Bay station that may help staff identify potential problems sooner, respond to incidents faster and automate routine processes.

CCNA
Trump’s GOP rift, Democratic midterm momentum and more: Enten’s data roundupPolitics

CNN chief data analyst Harry Enten examines the numbers behind several US political developments. He focuses on the widening divide between Trump and Republican moderates, along with evidence pointing to Democratic opportunities in the midterm elections. Enten describes polling in Texas as the best-looking result for Democrats since the late 1980s. He also notes that Trump’s net approval rating has remained negative for 494 consecutive days. The figures suggest Max Miller is likely to cost his party a seat.

CCNN
Why are Westerners moving to Russia?World

A group of prominent but controversial influencers visited Russia this summer, including Andrew Tate, Candace Owens and British far-right anti-Islam activist Tommy Robinson. They say Russia is defending traditional conservative values that they believe are declining in their own countries. This is also the image Vladimir Putin wants Russia to project. Two years ago, Russia introduced a special “shared values” visa, making it easier for Westerners who identify with its supposed values to relocate there.

BBBC News
Satellite images show the Danube before and after droughtWorld

Satellite imagery captures the Danube River before and after drought-driven water loss. Record-low levels have exposed sandbanks along the river. The disruption is affecting nuclear and hydropower production in Hungary and Serbia. The images highlight the marked change in the river’s condition as water levels fell.

RReuters
Singapore to simplify approval processes for some commercial spacesPolitics

Singapore is seeking to reduce red tape so businesses can save time and money. Approval procedures for certain commercial spaces will soon be streamlined. Qualifying medical clinics in commercial buildings will need approval only from the Health Ministry. Businesses at the Changi Airport development switching operations will likewise require approval only from the Civil Aviation Authority of Singapore. Separate applications to the Urban Redevelopment Authority will no longer be needed.

CCNA
LIVE: Vessel traffic in Strait of HormuzWorld

Live vessel-tracking footage shows traffic moving through the Strait of Hormuz. President Donald Trump said he had held what he called an “all-day negotiation” with Iran. He portrayed the discussions positively, while also warning that the United States would hit Iran “really hard” if no agreement with Tehran was reached. The report focuses on shipping activity amid the talks and the threat of further action.

RReuters
FIFA accused of blackmail in exchange for support for InfantinoSports

The head of the Jordanian Football Association has accused FIFA of blackmail, alleging that support for Gianni Infantino’s re-election was offered in return for paying the national team’s overdue reward. The payment concerns the team’s second-place finish in the Arab Cup. The allegation adds to mounting controversy surrounding Infantino and is described as arguably the most serious mark against him yet. In an initial response, Infantino convened a crisis meeting with other FIFA directors in Morocco.

DDW News
Singapore Parliament discusses ways to help young people secure stable first jobsPolitics

Singapore’s Parliament has discussed measures to help young people obtain stable first jobs. The Workers’ Party proposed expanding paid, structured apprenticeships and entry-level opportunities, saying the Economic Strategy Review gives the issue too little attention. The government responded that broadening work-based pathways is a key part of the review. It said these pathways will continue to be strengthened so young Singaporeans can build skills and gain experience.

CCNA
How UK’s Burnham uses social media to challenge populismPolitics

UK Prime Minister Andy Burnham is using social media to confront populist parties. Those parties have built large followings on the platforms where he is now engaging. Burnham discusses the merits of different pub snacks and jokes about his own appearance. The approach places him in online spaces where populist groups have established substantial influence.

RReuters
WP MP Kenneth Tiong proposes NTU zone to test market land pricingPolitics

Workers’ Party MP Kenneth Tiong has proposed creating a special zone around Nanyang Technological University to test assumptions about land pricing. The WP says Singapore’s land model increases costs and constrains innovation and entrepreneurship. The People’s Action Party counters that businesses already receive extensive support to manage those costs. The parties also differ on whether pricing or leadership and capability-building is the larger obstacle to entrepreneurship.

CCNA
How can the US box office break records with a shrinking audience?Culture

The US box office is heading toward its strongest year since the pandemic. Yet the recovery is increasingly being driven by higher ticket prices and a small number of blockbuster releases, rather than by moviegoers returning across the market. That means rising revenue is not necessarily evidence of a broad audience comeback. Ed Lee examines how the industry can set records under those conditions.

RReuters
Singapore Parliament backs amended Workers’ Party motion after nine-hour debatePolitics

Singapore’s Parliament voted on Wednesday to support an amended motion calling for a more equal and inclusive economy. The motion says there should be room for both local companies and global enterprises. The original proposal was introduced by Workers’ Party MPs Kenneth Tiong and Jamus Lim, setting out the opposition party’s vision for the future economy and its own economic playbook. The amended version passed after a nine-hour debate.

CCNA
Charlie Hurt: This is a PROFOUND problemPolitics

Madeleine Rivera reports on the Michigan primary elections. The Democratic Senate race remains too close to call, with no clear outcome yet. The co-hosts of “Fox & Friends” weigh in on the closely contested contest and its political significance.

FFox News
Wall Street Banker Bonuses Could Rise by 15%, Johnson Associates Study SaysEconomy

Chris Connors, a managing director at Johnson Associates, says Wall Street bankers may be heading toward one of their strongest years ever. He forecasts that bonuses for investment and commercial bankers could increase by 10% to 15% or even more. Connors cautions, however, that some sectors are being left behind. He discussed the outlook on Bloomberg Open Interest.

BBloomberg Television
Rare European buffalo lose cooling ponds to Serbia droughtSociety

A severe heatwave sweeping the Balkans is putting rare European water buffalo under intense stress at Serbia’s largest buffalo farm. Extreme temperatures have made it difficult for the animals to cope. Drought has taken away the ponds they rely on for cooling. The loss of those water sources leaves the buffalo facing even greater heat exposure.

RReuters
Indonesia airport footage captures pilot accused of drug smugglingSociety

Surveillance footage from customs at Indonesia’s Soekarno-Hatta Airport shows a Malaysian pilot arriving in Jakarta on July 28 while operating a passenger aircraft. Indonesian customs officials searched the pilot’s suitcase after the arrival. The substances found there tested positive for methamphetamine, MDMA and cocaine. The pilot is accused of smuggling more than 70,000 ecstasy tablets in the luggage.

VVOA Chinese
Singapore Parliament backs amended WP motion on future economy after nine-hour debatePolitics

Singapore’s Parliament has approved an amended Workers’ Party motion on building an economy of the future after a debate lasting nearly nine hours. The discussion examined how Singapore should position itself amid an increasingly uncertain global environment. Transport Minister Jeffrey Siow said the government and the Workers’ Party share considerable common ground but hold fundamentally different views of Singapore’s economic model. The WP urged a move away from what it called an overly multinational-company-centric approach.

CCNA
How to enjoy the most complete solar eclipse since 1989?Science

The most complete solar eclipse since 1989 is expected next Wednesday, August 12. The moon will completely cover the sun, creating a striking celestial display. Special glasses are needed to view it safely, regardless of how sharp a person’s eyesight is. Bryan Quinn and colleagues at France Télévisions explain how to choose suitable spectacles for the event.

FFrance 24 English
Carlyle CFO Plouffe Discusses M&A, Private Credit and AIEconomy

Carlyle Chief Financial Officer Justin Plouffe says the firm has sustained a strong pace of exits for more than a year. He describes realizations as broad-based across Japan, Europe and the United States. Plouffe also addresses the mergers and acquisitions market and what he calls a “tricky” private credit environment. The conversation further covers opportunities in artificial intelligence and data security.

BBloomberg Television
Who is Abdul El-Sayed, Michigan Democrats’ best hope of taking back the Senate?Politics

Abdul El-Sayed has won the Michigan Democratic primary and will compete for one of the state’s two Senate seats. His victory makes him the latest progressive outsider to disrupt the strategy of the Democratic Party’s centrist establishment. His campaign focused on pursuing universal health care and removing corporate money from elections. His criticism of Israel also became a major flashpoint, reflecting a growing shift among Democrats against what many describe as an apartheid state.

FFrance 24 English
Abdul El-Sayed wins Michigan Senate primary in major victory for Democrats’ progressive wingPolitics

Abdul El-Sayed has won the Democratic primary for a Michigan Senate seat, marking a major victory for the party’s progressive wing. The next decisive test of El-Sayed’s strength, and that of progressives, will come in November. He will face Mike Rogers, a former congressman who ran unopposed for the Republican nomination. The contest is pivotal to Democrats’ hopes of flipping control of the Senate.

TThe Associated Press
LIVE: Lindsay Clancy’s murder trialSociety

Lindsay Clancy is appearing in court in Plymouth as her murder trial proceeds. The Massachusetts mother is accused of killing her three young children in January 2023. Her defense team has argued that she was experiencing postpartum mental health problems at the time. The hearing focuses on the case against her and that defense argument.

RReuters
Motion in Parliament: Edward Chia calls for a future economy that works for allPolitics

Singapore MP Edward Chia proposed amendments to a parliamentary motion on Wednesday. He said the changes would reinforce it in three ways. They would clarify that inclusion, entrepreneurship, innovation and good jobs align with the Economic Strategy Review rather than oppose it. They would also acknowledge the role of both dynamic local companies and global enterprises in Singapore’s future economy, while recognising that healthy domestic demand needs support.

CCNA
Myanmar’s former military chief Min Aung Hlaing to visit Thailand as civilian leaderPolitics

Myanmar’s former military chief Min Aung Hlaing is preparing for another foreign trip, this time to Thailand in his role as the country’s civilian leader. Thailand has played a central part in ASEAN’s efforts to re-engage with Myanmar. ASEAN members have reiterated that the Five-Point Consensus remains the bloc’s main framework for addressing the crisis. Myanmar’s military-appointed parliament, however, has voted to reject that consensus.

CCNA
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