
Good news: Arts hub 195 Pearl's Hill Terrace's lease will be extended until March 2028
The arts enclave – a former barracks site for Singapore's police force harking back to the 1920s – was initially set to shut its doors in March 2025 to make way for the Urban Redevelopment Authority's (URA) housing plan. After this news was met with much despair from its tenants, landlord, and the public, the ending of the lease was postponed to March 2026, giving the 100-odd businesses within the heritage building another year to cling onto.
But perhaps our voices have more power than we think, because this lease has since been extended even further till 2028. This gives us three more years to enjoy Pearl's Hill Terrace's hodgepodge of ink parlous, ceramic workshops, thrift stores, independent jewellery stores, and tarot reading studios. Among its occupants are the al fresco bar Kult Yard; Japanese-inspired café Paaru; ceramic and glasswork gallery Round and Round; and tattoo studio State of Shiok which hosts tattoo art jamming workshops where you get to use real ink guns on faux skin.

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BBC News
27 minutes ago
- BBC News
Trump tariffs: India has 20 days to avoid 50% levies - what are its options?
India has unexpectedly become a key target in Washington's latest push to pressure Russia over the Ukraine Wednesday, Donald Trump doubled US tariffs on India to 50%, up from 25%, penalising Delhi for purchasing Russian oil - a move India called "unfair" and "unjustified". The tariffs aim to cut Russia's oil revenues and force Putin into a ceasefire. The new rate will come into effect in 21 days, so on 27 makes India the most heavily taxed US trading partner in Asia and places it alongside Brazil, another nation facing steep US tariffs amid tense insists its imports are driven by market factors and vital to its energy security, but the tariffs threaten to hit Indian exports and growth all of India's $86.5bn [£64.7bn] in annual goods exports to the US stand to become commercially unviable if these rates sustain. Most Indian exporters have said they can barely absorb a 10-15% rise, so a combined 50% tariff is far beyond their effective, the tariff would be similar to "a trade embargo, and will lead to a sudden stop in affected export products," Japanese brokerage firm Nomura said in a note. The US is India's top export market, making up 18% of exports and 2.2% of GDP. A 25% tariff could cut GDP by 0.2–0.4%, risking growth slipping below 6% this year. India's electronics and pharma exports remain exempt from additional tariffs for now, but the impact would be felt in India domestically "with labour-intensive exports like textiles and gems and jewelry taking the fall", Priyanka Kishore of Asia Decoded, a Singapore-based consultancy told the BBC. Rakesh Mehra of Confederation of Indian Textile Industry (Citi) called the tariffs a "huge setback" for India's textile exporters, saying they will sharply weaken competitiveness in the US tensions now escalating, experts have called Trump's decision a high-stakes gamble. India is not the only buyer of Russian oil - there are China and Turkey as well - yet Washington has chosen to target a country widely regarded as a key what changed and what could be the fallout? India's former central bank governor Urjit Patel said that India's "worst fears" have materialised with the recent announcement. "One hopes that this is short term, and that talks around a trade deal slated to make progress this month will go ahead. Otherwise, a needless trade war, whose contours are difficult to gauge at this early juncture, will likely ensue," Mr Patel wrote in a LinkedIn post. The damaging impact of the tariffs is why few expect them to last. With new rates starting 27 August, the next 20 days are critical - India's moves in this bargaining window will be closely watched by anxious key question is whether Prime Minister Narendra Modi's government will quietly abandon trading ties with Russia to avoid the "Russia penalty" or stand firm against the US."India's efforts to reduce its dependence on Russian military hardware and diversify its oil imports predate pressure from the Trump administration, so Delhi may be able to offer some conciliatory gestures in line with its existing foreign policy behaviour," according to Dr Chietigj Bajpaee of Chatham House. He says the relationship is in a "managed decline", losing Cold War-era strategic importance, but Russia will remain a key partner for India for the foreseeable some experts believe Trump's recent actions give India an opportunity to rethink its strategic ties. If anything the US's actions could "push India to reconsider its strategic alignment, deepening ties with Russia, China, and many other countries", says Ajay Srivastava of the the Global Trade Research Initiative (GTRI), a Delhi-based think will visit China for the regional Shanghai Cooperation Organisation (SCO) summit - his first since the deadly 2020 Galwan border clashes. Some suggest a revival of India-Russia-China trilateral talks may be on the immediate focus is on August trade talks, as a US team visits India. Negotiations stalled earlier over agriculture and dairy - sectors where the US demands greater access, but India holds there be concessions in areas like dairy and farming that India has been staunchly protecting or could the political cost be too high?The other big question: What's next for India's rising appeal as a China-plus-one destination for nations and firms looking to diversify their supply chains and investments?Trump's tariffs risk slowing momentum as countries like Vietnam offer lower tariffs. Experts say the impact on investor sentiment may be limited. India is still courting firms like Apple, which makes a big chunk of its phones locally, and has been largely shielded since semiconductors aren't taxed under the new tariffs. Experts will also be watching what India does to support its exporters."India's government so far has not favoured direct subsidies to exporters, but its current proposed programmes of favourable trade financing and export promotion may not be enough to tackle the impact of such a wide tariff differential," according to stakes high, trade experts say only top-level diplomacy can revive a trade deal that seemed within reach just weeks now the Indian government has put up a strong front, saying it will take "all actions necessary to protect its national interests". The opposition has upped the ante with senior Congress party leader Rahul Gandhi calling Trump's 50% tariffs "economic blackmail" and "an attempt to bully India into an unfair trade deal".Is Modi's touted "mega partnership" with the US now his biggest foreign policy test? And will India hit back?Retaliation by India is unlikely but not impossible, says Barclays Research, because there is precedent."In 2019, India announced tariffs on 28 US products, including US apples and almonds, in response to the US tariffs on steel and aluminium. Some of these tariffs were eventually reversed in 2023, following the resolution of WTO disputes," Barclays Research said in a note. Follow BBC News India on Instagram, YouTube, Twitter and Facebook.


Reuters
5 hours ago
- Reuters
Toyota cuts annual profit estimate, expects $9.5 billion tariff hit
TOKYO, Aug 7 (Reuters) - Toyota Motor (7203.T), opens new tab cut its full-year operating profit forecast by 16% on Thursday, expecting a nearly $10 billion hit from U.S. tariffs on imported cars and grappling with higher material prices and a stronger yen. The world's biggest automaker cut its operating profit forecast for the financial year to end-March 2026 to 3.2 trillion yen ($21.7 billion), down from a previous outlook of 3.8 trillion yen. Toyota said it expects the U.S. levies to reduce its profit by 1.4 trillion yen ($9.50 billion) for the entire year. It had previously estimated a hit of 180 billion yen for April and May, but it had not issued a full-year projection until now. For the April to June first quarter, Toyota reported an operating profit of 1.17 trillion yen, down from 1.31 trillion yen a year earlier, but above the 902 billion yen average of seven analyst estimates compiled by LSEG. Toyota's first-quarter results highlight the pressure U.S. import tariffs are placing on Japanese automakers, even as a trade agreement between Tokyo and Washington offers potential relief. Under the bilateral deal agreed last month, Japanese auto exports into the U.S. would face a 15% tariff, down from levies totalling 27.5% previously. But a timeframe for the change to go into effect has yet to be announced. Last week, Toyota reported record global output and sales for the first half of the year, driven by strong demand in North America, Japan and China. ($1 = 147.2300 yen)
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Scotsman
20 hours ago
- Scotsman
Aldi launches five viral food items that everyone's talking about
From pistachio to mochi, Aldi has launched exciting viral products 😍 Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Aldi has launched new products which have gone viral on TikTok The new products include; pistachio creme, matcha lattes and more Prices start from as little as £2.99 Popular discount supermarket Aldi has announced the launch of five new food and drink items, on the back of TikTok virality. Social media app TikTok has grown to be more than just the dancing app it used to be, with the ability to make products rise in popularity due to getting the approval of TikTok users. Advertisement Hide Ad Advertisement Hide Ad Aldi has now launched a selection of food and drink items, which have previously gone viral on TikTok, leading to many people trying to source the items in the supermarket. Aldi launches five viral food items that everyone's talking about - including matcha lattes | Adobe Stock / Aldi Here is the full list and prices of Aldi's brand-new 'TikTok viral' launches: Dubai Chocolate Style Mochi (£3.99, 6x35g) This launch is inspired by two viral desserts, dubai chocolate and mochi. Dubai chocolate has led to over half a million TikTok videos, and the Japanese ice cream treat Mochi has also received plenty of praise from dessert lovers on TikTok. This new product combines the two, with pistachio ice cream, Katafi pastry and a sweet cocoa rice dough. Specially Selected Pistachio Creme (£1.79, 200g) Previously named the hottest flavour of 2025, pistachio creme became a viral sensation on the back of Dubai chocolate. The creme can be used to make your own version of the delicious chocolate treat, or spread on toast for a decadent breakfast. Advertisement Hide Ad Advertisement Hide Ad Gianni's Pistachio Chocsticks (£2.49, 4 pack) Another take on the viral pistachio flavour is Gianni's Pistachio Chocsticks. The chopsticks are described as 'nutty' and 'sweet', made with creamy pistachio sorbet and coated in a milk chocolate crunch. Matcha Latte (£1.49, 84g) Matcha has racked up over 2.4 million TikTok videos, with many making it their drink of choice, especially on a morning. Aldi has launched two flavours of the matcha latte, which are available in sachets - Original and Strawberry. Pistachio & Raspberry Chouxnuts (£2.99, 2 pack) Aldi's new sweet treat the Pistachio & Raspberry combines crisp choux pastry filled with pistachio mousse and raspberry filling, finished with Belgian white chocolate drizzle, free-dried raspberries and chopped pistachios. The dessert combines many viral ingredients, including pistachio, freeze-dried fruit and Belgian white chocolate. If you want to learn more about Aldi's viral products, check out our story on its boxed alternative to 'chicken wine' here.