Bloomberg reporter Low De Wei testified for the first time in the defamation trial brought by Singapore Home Affairs Minister K Shanmugam and Manpower Minister Tan See Leng against his employer. Under cross-examination, Low conceded that records related to Good Class Bungalow transactions were 'possible' to locate, a direct tension with the article's framing that such records were difficult to access due to secrecy. The admission matters because the defendants' legal strategy rests partly on whether the reporting accurately represented the accessibility of public or semi-public records. If the court finds that the secrecy characterization was overstated or unsupported, it could bear on the question of whether the publication acted responsibly in its editorial process. The trial, pitting two senior cabinet ministers against one of the world's largest financial news organizations, will turn substantially on whether Bloomberg's reporting met the standards required under Singapore defamation law. Low's testimony is expected to continue, with further questioning likely to probe the sourcing and verification methods behind the original article.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.