What's News: August 13, 2015

A man stands at the balcony over the DAX board at the Frankfurt stock exchange in Frankfurt, Germany on Aug 12, 2015.
A man stands at the balcony over the DAX board at the Frankfurt stock exchange in Frankfurt, Germany on Aug 12, 2015. PHOTO: REUTERS

TOP OF THE NEWS

Yuan falls again, stocks dive

China's decision to devalue the yuan again yesterday hammered financial markets across the region as stunned investors came to terms with the prospect that China is in far worse shape than first thought.

The yuan tumbled nearly 1 per cent to 6.3890 to the US dollar following the devaluation. That in turn sent the Singapore dollar down 0.7 per cent.

TOP OF THE NEWS

PKR files suit against Najib

Malaysia's opposition Parti Keadilan Rakyat has filed a suit against PM Najib Razak for alleged electoral offences, after it was reported he received RM2.6 billion (S$916 million) in his personal accounts purportedly for Umno.


Scepticism is growing in India over Mr Narendra Modi's ability to keep his reform promises. PHOTO: REUTERS

WORLD

Doubts about Modi

Indian Prime Minister Narendra Modi will address the nation on India's Independence Day onSaturday, with scepticism flaring up over his ability to keep his reform promises.

Once a man of action, he is proving to be a man of words, an observer said.

WORLD

ISIS hackers target Australians

ISIS militants have publicised the mobile phone numbers, online passwords and home suburbs of some Australian civil servants after a successful hacking. They also posted a photo purporting to show a beheaded Croatian hostage yesterday.

OPINION

Classroom class divide

When a society stratifies, schools, like communities, become segmented, with the well-off and able congregating among themselves. Two things can be done to reduce the effects of such stratification, writes Amelia Teng in the HomeFront column.


Year 2 medical students (from left) Berwyn Tan, 19, Candice Loh, 19, and Shawn Tan, 20, at the Humanity in Medicine Exhibition yesterday. ST PHOTO: KEVIN LIM

HOME

Exhibition on doctors and nurses' charity work

An exhibition highlighting the voluntary and charitable efforts of Singapore's doctors and nurses was launched yesterday. Humanity in Medicine is being held at the Lee Kong Chian School of Medicine, which encourages students to use their hearts as well as their minds.

HOME

New TV streaming service

A new service from StarHub lets subscribers stream TV series from HBO and Cinemax through their devices and computers. Users will not need to have a Pay TV subscription for the HBO GO service.

HOME

Hit-and-run cases: 2 arrested

Two motorists involved in road accidents but ran from the scene have been arrested.

The first may have caused the eight vehicle pile up on Simei Avenue on Tuesday morning. The second collided into a motorcycle on Jurong Town Hall Road two weeks ago.

BUSINESS

Shoebox units nearly ready

Many shoebox apartments sold in the past few years are on course for completion. Most are in suburbs like Hougang, Punggol and Sengkang where leasing demand for very small homes is relatively untested, say analysts. Other hot spots are Eunos, Geylang, Kembangan and Paya Lebar, with at least 527 units on the way.

SPORT

Easy advance for Chen Long

China's top-ranked Chen Long  yesterday coasted into the third round of badminton's World Championships in Jakarta, but compatriot Lin Dan and Malaysian rival Lee Chong Wei encountered some resistance. However, it was the end of the road for Singapore's Derek Wong and Chen Jiayuan.

LIFE

FDA warning for drug maker

The Food and Drug Administration (FDA) in the US has warned drug company Duchesnay over Kim Kardashian's endorsement of its pills for morning sickness. Last month, the pregnant reality TV star vouched for a medication called Diclegis. The endorsement failed to include risk information and did not note limitations on its use.

A version of this article appeared in the print edition of The Straits Times on August 13, 2015, with the headline 'What's News: August 13, 2015'. Print Edition | Subscribe