Oil prices jumped about 4% overnight on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida. The Dutch economy minister says he wants to form a European Union "coalition of the willing" to strengthen their domestic computer chip industries. Beijing has accused Taiwan President Lai Ching-te of undermining peace and stability in the Taiwan Strait, while ASEAN leaders meeting in Laos deepened the grouping's relationships with several key partners on the second day of its annual gathering. The National Wages Council has said that employers of lower-wage workers earning up to $2,500 in gross monthly wage should give salary increases of 5.5 per cent to 7.5 per cent to these workers.

Synopsis: A round up of global headlines to start your day by The Business Times.

Written by: Lee Kim Siang / Claressa Monteiro (claremb@sph.com.sg)

Recording engineer: Joann Chai Pei Chieh

Produced and edited by: Lee Kim Siang & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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S1E128: Lens on Daily: Headline news for Friday, October 11, 2024