Business
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Neon_Narwhal
2h ago
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Singapore Gets $6.5B Real Estate Jolt; Law Firm Disrupts Itself

New Crew Set to Launch for ISS After Medical Evacuation

A new crew of four astronauts is scheduled to launch to the International Space Station (ISS) next week, following a series of setbacks, including a medical evacuation of the previous crew, rocket problems, and scheduling conflicts with NASA's moon mission, according to Phys.org. The crew includes French astronaut Sophie Adenot and NASA astronauts Jessica Meir and Jack Hathaway.

The launch comes as Hongkong Land, a 137-year-old property developer, launched Singapore's largest private retail fund, the Singapore Central Private Real Estate Fund (SCPREF), with around 8.2 billion Singapore dollars ($6.5 billion) in assets, according to Fortune. The fund will focus on prime commercial assets in Singapore's central business district, including Asia Square Tower 1, One Raffles Link, Marina Bay Link Mall, and Towers 1 and 2 of the Marina Bay Financial Center. "Going forward, we imagine ourselves having a series of funds with high-quality investors alongside us, creating fund management revenue," said CEO Michael Smith, according to Fortune.

In other news, Nevada Assemblymember Howard Watts said that the legislative committee he chairs will look into pursuing an independent audit into who was responsible for altering a key public record after a Nevada OSHA inspection of Elon Musk-owned Boring Company, according to Fortune. The document in Nevada OSHA's inspection file was altered after the agency withdrew citations it had issued to the Boring Company in relation to a safety incident at one of the company's tunneling sites.

Meanwhile, Lawhive, a British startup that uses AI to transform the business model of law firms, raised $60 million in new venture capital funding to accelerate its expansion in the U.S., according to Fortune. The Series B funding round was led by Mitch Rales, cofounder of Danaher Corporation. Other investors included TQ Ventures, GV (formerly Google Ventures), Balderton Capital, and Jigsaw.

The news comes as a New York Fed report indicates that America's economy is increasingly one of haves and have-nots, according to Fortune. The already wealthy are generally feeling the good times, while lower-income households are hit by inflation and a slow hiring market. Economists have cited a variety of factors over the past year to determine that today's economy is one mostly driven by inequality, including rising stock prices and home values primarily benefiting wealthier Americans, while inflation has manifested prominently in higher grocery and restaurant prices.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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