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Singapore’s economy contracts 12.6% year over year in the second quarter – CNBC

Analysts polled by Reuters had expected the Southeast Asian economy to shrink by 10.5% year-over-year in the three months ended June 30.

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Singapore’s economy contracted by 12.6% in the second quarter compared to a year ago, according to advance estimates by the Ministry of Trade and Industry released Tuesday.
Analysts polled by Reuters had expected the Southeast Asian economy to shrink by 10.5% year-over-year in the three months ended June 30. 
In the first quarter, the Singapore economy registered a 0.7% contraction, according to the ministry.  
The economic performance in the second quarter worsened due to the implementation of partial lockdown measures which the Singapore government called a “circuit breaker” aimed at reducing the spread of the coronavirus.
Those measures, which started in early April, involved shutting most workplaces (except those offering essential services) and closing all schools temporarily. The “circuit breaker” lasted nearly the entire second quarter, with the Singapore government easing some measures starting in early June.  
The restrictions hurt businesses dependent on domestic consumption. The country’s retail sales plunged 52.1% in May compared to a year ago the steepest drop since records began in 1986, reported Reuters.
Meanwhile, the city state’s trade-oriented sectors have also been weighed down by reduced global activity and a flare up in U.S.-China tensions. 
But Alex Holmes, Asia economist at consultancy Capital Economics, said activity in Singapore has rebounded since the easing of partial lockdown measures last month. 
“While many industries, notably tourism and hospitality, will continue to suffer, the economy should rebound faster than others in the region,” he wrote in a note last week that previewed Singapore’s second quarter economic performance.
“The key reason for optimism is the record size of the government’s stimulus package, which is equivalent to around 20% of GDP,” he added.

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Waymo and Daimler are teaming up to build fully driverless semi trucks – The Verge

Waymo and Daimler are joining forces to deploy robot trucks. The Alphabet company and Mercedes-Benz parent said they would work to integrate Waymo’s autonomous…

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A broad, global, strategic partnership
Waymo and Daimler, the parent company of Mercedes-Benz, announced that they are forming a broad, global, strategic partnership to deploy fully driverless trucks. Daimler will integrate Waymos autonomous driving technology, widely considered to be among the best in the world, into its fleet of heavy-duty Freightliner Cascadia semi-trailer trucks.
Both Waymo and Daimler were independently working on self-driving trucks until coming together to form this partnership….

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GOP mega-donor Sheldon Adelson considers selling his Las Vegas Sands casinos – CNN

Las Vegas Sands, operated by GOP mega-donor Sheldon Adelson, is reportedly exploring a sale for its upscale Las Vegas resorts, marking Adelson’s exit from the turbulent…

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New York (CNN Business)Las Vegas Sands, operated by GOP mega-donor Sheldon Adelson, is reportedly exploring a sale for its upscale Las Vegas resorts, marking Adelson’s exit from the turbulent US gambling industry.
The company operates the Venetian and Palazzo resorts on the Las Vegas strip, plus the Sands Expo Convention Center. A deal to sell all three could rake in as much as $6 billion, leaving the company to focus on its glitzy properties in Singapore and Macau, according to multiple news reports….

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Burger King’s Halloween stunt in Sweden has Ronald McDonald-like clown creepily appearing in bathroom mirror – Fox News

In all fairness, ghost clowns are probably scarier than Bloody Mary.

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In all fairness, ghost clowns are probably scarier than Bloody Mary.
There is a variety of urban legends that involve standing in a dark bathroom, looking into a mirror and chanting a name multiple times. This will, according to legend, summon a ghost or spirit of some kind – or at Burger King in Sweden and Denmark, draw a certain fast-food clown.
‘MCBROKEN’: MCDONALD’S FAN LAUNCHES SITE THAT IDENTIFIES RESTAURANTS WITH BROKEN ICE CREAM MACHINES
BKs in these nations are running a Halloween promotion…

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