A stronger Singapore dollar is likely to weigh on export momentum, but it may be "precisely" what the country needs to cool inflation, an economist told CNBC.
SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the U.K., the Financial Times reported.
The record-breaking heat is forecast to grow more severe and has prompted concerns over melting roads, widespread power outages and warped train tracks.
ByteDance's semiconductor push highlights a focus from firms to create chips for specific purposes as well as China's desire to become stronger in this tech.
Gal Luft of the Institute for the Analysis of Global Security said a price cap would be like visiting a shop and asking the seller to accept less money.
Uncertainty has Goldman CEO David Solomon operating cautiously as central banks around the world tighten financial conditions to combat inflation, he said.