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Up to 42 deg C: Heatwave triggers weather and wildfire alerts across Europe

Up to 42 deg C: Heatwave triggers weather and wildfire alerts across Europe

Straits Timesa day ago
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PARIS – Europe is bracing itself for wildfire threats and scorching weather, as a heatwave
engulfs the continent this week.
The highest red heat alerts have been issued for 12 departments in south-west France, where temperatures as high as 43 deg C are forecast for areas near Bordeaux and Toulouse on Aug 11 and 12.
Amber heat warnings are in place for a swathe of the Mediterranean, from Spain and Italy to Greece as a high-pressure system is amplified by former tropical storm Dexter.
Climate change is
increasing the frequency and intensity of heatwaves in Europe, the world's fastest-warming continent. That is triggering more extreme weather events, including the deadly wildfires that ravaged Aude in south-west France last week.
Those fires, which destroyed houses and vineyards, killing one person and injuring 25, were
brought under control on Aug 10, the local authorities said.
However, about 1,300 firefighters are still working to fully extinguish the blaze, which burned 400 sq km, an area larger than Paris.
Wildfire risks are very high across much of Greece, including Athens and the surrounding Attica region, along with the largest islands of Crete and Evia. Temperatures are set to reach 41 deg C in parts of the mainland.
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Strong winds drove more than 90 wildfires across Greece over the weekend, and two electricity workers were detained on Aug 9 over alleged negligence after a severed cable sparked a blaze in east Attica that burnt about 16 sq km.
The authorities have also issued red alerts in Croatia and Serbia, where temperatures of up to 38 deg C will raise fire risks and stress power grids.
Southern Spain could reach 42 deg C, according to state forecaster Aemet.
Temperatures in London could hit the mid-30s on Aug 12, as the heatwave spreads across parts of Britain, according to the Met Office.
The UK Health Security Agency has issued yellow weather alerts for all regions south of Yorkshire and warned that overnight lows in many areas might not drop below 20 deg C.
Climate change is increasing the frequency and intensity of heatwaves in Europe.
PHOTO: EPA
Germany will also be impacted, with temperatures in the Upper Rhine climbing to 38 deg C this week.
Cooling demand is forecast to surge in France during the heatwave, data from Atmospheric G2 and Bloomberg models show.
Electricite de France has said it will likely need to curb output from nuclear plants along the Garonne and Rhone rivers, as high temperatures compromise reactor cooling procedures.
On Aug 11, it said it planned to keep one Golfech unit in operation to meet electricity demand. BLOOMBERG
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Same mission, new millennium
Same mission, new millennium

Straits Times

timean hour ago

  • Straits Times

Same mission, new millennium

Sign up now: Get ST's newsletters delivered to your inbox From financing rubber traders to propelling new economy businesses: 148 years on, international connectivity remains at the core for HSBC as it supports Singapore's remarkable growth as a global financial hub 'HSBC's strength has been understanding that global connectivity is not just about moving capital – it is about building bridges between ambition and opportunity, such that in an increasingly fragmented world, doors to growth stay open,' says Wong Kee Joo, chief executive officer of HSBC Singapore. WHEN HSBC first set up shop along the bustling Singapore River in 1877, its clerks were busy financing rubber shipments bound for distant shores. In 2025, their successors are financing new economy businesses bound for unfamiliar markets, while exploring quantum computing's potential and tapping on artificial intelligence to revolutionise banking. The cargo may have changed, but the bank's mission has not. 'Our purpose has always been to open up a world of opportunities for clients, using our international connectivity and network,' says Wong Kee Joo, chief executive officer of HSBC Singapore. As global trade and investment flows fragment along geopolitical lines, that connectivity has become both more complex and more valuable than ever. Connectivity: Fuelling business growth 'International connectivity is an area where we really have an advantage,' Wong says. With close to 5,000 trade experts across 58 markets, HSBC helps clients navigate tariff uncertainties and access new markets not just within Asean, but in Europe and the Middle East too. In 2024, HSBC became the first global bank to partner the Singapore Business Federation to help local companies expand into India and the Middle East. The bank also launched a business guide to Asean's six major markets and key trade corridors – the Greater Bay Area, India, and the Middle East. Top stories Swipe. Select. Stay informed. 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Singapore as priority market Outside its home markets of Hong Kong and the UK, Singapore ranks among just four priority growth markets – alongside mainland China, India and the United Arab Emirates. In 2024, the group generated S$1.4 billion in profits in Singapore. Like HSBC, Singapore serves as a connector to Asean business opportunities – it is the largest intra-regional investor and home to over 4,200 regional treasury centres and headquarters, Wong notes. That is why the bank continues to build up strength in the city-state. HSBC is one of the few entities across the Asia-Pacific region that is a full-fledged banking business, and strategic acquisitions have reinforced this position. HSBC Life – its insurance business – significantly scaled up its offering and breadth of distribution following the bank's largest acquisition in 10 years. When completed in 2022, the acquisition of AXA Singapore also made HSBC the only bank with an integrated insurance entity, enabling it to provide a broader set of solutions to more retail and commercial customers. Acquiring real estate private equity firm Silk Road Property Partners in early 2024 also expanded HSBC Asset Management's Asian real estate platform and alternative investment offerings to institutional and high net worth clients. Now, HSBC is leveraging artificial intelligence and investing in quantum computing. It has established a quantum centre of excellence in Singapore where scientists work to develop patents and products that could transform portfolio optimisation, fraud detection and cybersecurity. 'We've got tradition, but we're also very strategic with a vision for the future and the customer at the centre of what we do,' Wong says of these future-focused investments. 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The first century: 1880s – 1990s HSBC provided instrumental support to Singapore's early trade and post-war industrial development. The Singapore office issued banknotes in six languages from 1881 to 1909. From its headquarters along the Singapore River, the bank quickly expanded its branch network across the island. The next century: 2000s – present The HSBC lions, Stephen and Stitt, named after former senior executives, symbolise security and protection. As part of its long-term commitment to the Lion City, HSBC subsidiarised its Singapore retail banking and wealth management business in 2016. In 2022, HSBC moved to its new head office at Marina Bay Financial Centre and in 2025, opened three new wealth centres. 148 years since it first set up an office in Singapore, HSBC continues to connect customers to global opportunities.

M1-Simba, Starhub-MyRepublic consolidations: a crowded telco market through the years
M1-Simba, Starhub-MyRepublic consolidations: a crowded telco market through the years

Business Times

time13 hours ago

  • Business Times

M1-Simba, Starhub-MyRepublic consolidations: a crowded telco market through the years

[SINGAPORE] Developments of telecommunications companies consolidating dominated this week, after many years of speculation. News broke on Tuesday (Aug 12) of StarHub buying the rest of MyRepublic Broadband for S$105.2 million, a day after Keppel announced the proposed sale of M1's telco business to Simba . For many years, Singtel, StarHub and M1 each served about a third of the market as the three full-fledged telcos in Singapore. In the past decade, however, much competition has been introduced into the market. A fourth telco, TPG Singapore, which would become Simba later, entered the scene in 2016. Mobile virtual network operators (MVNOs) were also introduced nearly a decade ago. They are not full telcos but rather, lease network capacity from the four telcos. These include Giga, Gomo, among others. There are currently more than 10 MVNOs here, and the market size is estimated to be worth US$502.74 million this year, according to data from research firm Mordor Intelligence. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up With such a crowded market, there has been repeated talk of consolidation through the years. The increased competition had led to M1 shares, which have since been delisted, losing more than half their value in 2018. As early as 2017, there were reports that M1's shareholders Singapore Press Holdings (SPH), Keppel and Axiata had approached China mobile to sell their majority stake. Speculation of a merger between StarHub and M1 has also long been talked about, with the possibility being floated last at the end of 2024. That occurred as StarHub and M1 both deferred their spectrum payment. Here's a timeline of what has been occurring in the telecommunications industry through the decades. 1882 – Singapore's phone network was operated by the Oriental Telephone and Electric Company, which would become Singtel over a century later. 1992 – Singtel was founded, a three-year corporatisation of Telecoms – a merger between Singapore Telephone Board and Telecommunication Authority of Singapore – was completed. 1993 – Singtel debuts on the stock exchange. 1994 – M1 founded as 'MobileOne'. Singtel begins offering commercial Internet services through SingNet. 1996 – The government announces it will end Singtel's monopoly in telecommunications. 1997 – Singtel's licence to be the sole provider in mobile services ends. StarHub and Singapore Technologies Telemedia bids for basic telephone licence. 1997 – M1 enters the mobile telco market. 1999 – StarHub acquires ISP CyberWay, renames it StarHub Internet. 2000 – Full market liberalisation, with the end of Singtel's monopoly. StarHub enters the market as the third mobile operator. 2001 – Singapore Power divested shares in StarHub and sells 25.5 per cent stake to ST Telemedia for S$400 million, BT Group subsequently divests 18 per cent stake as a result of consolidation; Virgin Mobile Singapore MVNO launches as a joint venture (JV) with Singtel. 2002 – M1 launches initial public offering. StarHub merges with Singapore Cable Vision and acquires cable television and broadband Internet access operations. Virgin Mobile Singapore shuts down. 2004 – StarHub lists on the Singapore Exchange. 2005 – SunShare Investments, a JV between Telekom Malaysia and Khazanah Nasional, acquires a 12.06 per cent stake in M1 from Great Eastern Telecommunications. 2007 – Singtel's monopoly on fixed line and international direct dial services ends; Qatar Telecom buys 25 per cent stake in ST Telemedia's (STT) Asia Mobile, which holds STT's stake in StarHub. 2008 – M1 enters the fixed broadband sector. Shares in M1 held by Telekom are transferred to Axiata. 2009 – M1 acquires ISP Qala, aims to enter corporate fixed broadband market. 2015 – M1 acquires a 15 per cent stake in Omani telecom company, TeO, through subsidiary M1 TeliNet. 2016 – TPG Singapore, which later becomes Simba, enters the market as the fourth telco. Introduction of MVNO. 2018 – MyRepublic enters the MVNO space on StarHub network. 2019 – Keppel and SPH buy out Axiata's 28.7 per cent stake in M1. They gain 90.15 per cent of M1's shares. M1 delists. 2019 – ViViFi MVNO launches on Singtel network; redONE MVNO launches on StarHub network; Grid Mobile MVNO launches on Singtel network; Singtel launches SIM-only fighter brand GoMo, StarHub launches SIM-only fighter brand giga! 2020 – M1-StarHub JV wins rights to build Singapore's two nationwide 5G networks; Geenet mobile MVNO launches on M1 network; China-focused CMLink MVNO launches on Singtel network; MyRepublic Mobile switches to M1 network; Zero Mobile licence suspended by Infocomm Media Development Authority (IMDA). 2021 – M1 launches fighter brand Maxx; mDR subsidiary ZYM Mobile MVNO launches on Singtel network; Changi Mobile MVNO launches on M1 network; Grid Mobile shuts down; Gorilla Mobile MVNO launches on M1 network. 2022 – StarHub receives IMDA approval to buy majority stake in MyRepublic; Singtel launches heya brand; ZΩH MVNO launches on M1 network. 2023 – Gorilla Mobile, ZΩH shut down. 2024 – Eight Mobile launches as MVNO using StarHub network; China Unicom's CUniq SG MVNO launches on StarHub network. 2025 – StarHub buys rest of MyRepublic Broadband. Keppel announces the proposed sale of M1's telco business to Simba.

South Korea court to rule on bid to arrest former first lady
South Korea court to rule on bid to arrest former first lady

Straits Times

time16 hours ago

  • Straits Times

South Korea court to rule on bid to arrest former first lady

Sign up now: Get ST's newsletters delivered to your inbox South Korea's former first lady Kim Keon Hee, wife of impeached former president Yoon Suk Yeol, arrives at a court to attend a hearing to review her arrest warrant requested by special prosecutors at the Seoul Central District Court, in Seoul, South Korea August 12, 2025. JUNG YEON-JE/Pool via REUTERS SEOUL - South Korea's former first lady, Kim Keon Hee, appeared on Tuesday in court, where a judge will decide whether to approve a special prosecutor's request for a warrant to arrest her on accusations of graft. If detained, she would be South Korea's only former first lady to be arrested, joining her husband, ex-President Yoon Suk Yeol, in jail as he faces trial, following his ouster in April, over a botched bid to impose martial law in December. Kim, wearing a black suit, bowed as she arrived, but did not answer reporters' questions or make a statement. The charges against her, punishable by years in prison, range from stock fraud to bribery and illegal influence peddling that have implicated business owners, religious figures and a political power broker. She has been accused of breaking the law over an incident in which she wore a luxury Van Cleef pendant reportedly worth more than 60 million won ($43,000) while attending a NATO summit with her husband in 2022. The item was not listed in the couple's financial disclosure as required by law, according to the charge. Kim is also accused of receiving two Chanel bags together valued at 20 million won and a diamond necklace from a religious group as a bribe in return for influence favourable to its business interests. Top stories Swipe. Select. Stay informed. Business Singapore raises 2025 economic growth forecast but warns of uncertainty from US tariffs Singapore Circle Line to end early most Fridays and Saturdays, start late most weekends from Sept 5 to Dec 28 Business StarHub buys rest of MyRepublic's broadband business in $105m deal; comes after Simba buys M1 Singapore Telco price undercutting expected to subside after sale of M1 to Simba: Analysts World After tariff truce extended, a Trump-Xi summit in China? Asia Death of student in Sabah raises hurdle for Malaysian PM Anwar as he faces tough state polls soon Opinion Sumiko at 61: Hearing loss is linked to dementia risk. Here's what you risk by ignoring it Opinion For Singapore, the AI revolution is coming just in time Kim's lawyers have denied the accusations against her and dismissed as groundless speculation news reports about some of the gifts she allegedly received. The court is expected to announce its decision late on Tuesday or overnight, media said, based on the timing of the decision to arrest Yoon. Yoon is on trial on charges of insurrection, which could result in life imprisonment or even the death penalty. The former president, who also faces charges of abuse of power among others, has denied wrongdoing and refused to attend trial hearings or be questioned by prosecutors. REUTERS

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