Bloomberg Ordered to Pay Singapore Ministers $356,000

Bloomberg News and one of its reporters were ordered by Singapore's high court to pay S$460,000 (US$355,734) in damages after an article was found to have defamed two government ministers. The judgment, released on Tuesday, stated that Bloomberg and reporter Low De Wei are jointly liable to pay S$230,000 to each minister. This amount includes S$170,000 in general damages and S$60,000 in aggravated damages for each minister. The case involved an article published by Bloomberg News that the ministers alleged contained defamatory content. Bloomberg's editor-in-chief, John Micklethwait, has stated that the reporting team stands by their work, asserting that the ministers imposed an "extremely strained meaning" on what was considered a "solid story." The court's decision follows a legal challenge brought by the ministers against the news organization and its reporter over the publication.