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Speaking on the opening day of the Group of 20 Leaders' Summit in Hamburg yesterday, Prime Minister Lee Hsien Loong called on leaders of the world's 20 biggest economies to redistribute the benefits of trade more equally to arrest the anti-trade sentiments sweeping across many nations.
TOP OF THE NEWS
Fireworks lit up the sky over Pyongyang's Juche Tower as North Korea celebrated its launch of an intercontinental ballistic missile, a milestone in its decades-long weapons drive. Speakers at yesterday's celebration "warmly congratulated the national defence science soldiers on striking the US imperialists on the face", state-run news agency KCNA reported.
China's first aircraft carrier Liaoning (below) sailed into Hong Kong yesterday as part of celebrations to mark the 20th anniversary of the city's return to China. The arrival of the ship was freighted with symbolism, coinciding with the 80th anniversary of the 1937 Marco Polo Bridge Incident, which triggered Japan's full-scale invasion of China.
Rescuers in Japan are scrambling to find more than 20 people missing after huge floods swept across the country's south, killing six and leaving a trail of destruction. Raging rivers overflowing with water and mud have devastated swathes of Kyushu, sweeping away roads and houses, and destroying schools.
East Asia's small and medium-sized enterprises (SMEs) are gearing up for the challenges of the new economy, and Singapore's innovation push offers a lesson on what companies need to make it, says Professor John Wong.
A High Court judge sentenced two drug traffickers-cum-addicts aged 59 and 60 to long jail terms, but urged the community to ask what else could be done for such offenders, who would not have much of a life left to turn around by the time they get out of jail.
Realising the brakes on his vehicle had failed, a private bus driver went up a kerb to avoid hitting the cars in front. But he hit a woman cycling home from work instead. In finding her death a tragic misadventure, the coroner said it showed the need for heavy-vehicle maintenance.
Financial markets may see some choppiness as the United States Federal Reserve starts to reduce its US$4.5 trillion (S$6.2 trillion) balance sheet, DBS Group Holdings chief executive Piyush Gupta said. But the impact of the reduction may not be as big as feared, he noted. For one thing, it will take at least five years to shrink the Fed balance sheet to about US$2.5 trillion to US$3 trillion, and that will still be about three times larger than in 2007, added Mr Gupta.
Joseph Schooling believes his form is improving ahead of this month's world championships in Hungary. He is also confident of breaking the 100m butterfly world record (49.82sec clocked by Michael Phelps in 2009) in Budapest. "I feel confident and I'm excited, I just want it (the world meet) to be here already," he said.
The One Direction boyband may be on hiatus but "we talk all the time", said singer Niall Horan. They also act as sounding boards for one another's new music. Horan, 23, was in town for a special showcase yesterday for selected fans and guests.
Frosty root beer returns
Remember those coney dogs and root beer floats? We reminisce about A&W fast-food chain, which is making a comeback. str.sg/awreturns
Paint the sky Red
See how the Singapore Armed Forces Parachute Team, or the Red Lions, prepare for the National Day Parade. str.sg/redsky