Posts by Liam Redmond
Mercedes, GIC to back autonomous driving firm Momenta’s Hong Kong IPO: sources
The firm is targeting to raise about US$750 million to US$800 million from the offering Published Sat, Jun 27, 2026 · 12:31 PM [HONG KONG] Momenta Global, the Chinese autonomous driving startup, has roped in carmaker Mercedes-Benz and Singapore wealth fund GIC as cornerstone investors for its Hong Kong IPO, people with knowledge of the…
Read MoreApple seeks approval to buy chips from blacklisted Chinese company: FT
The iPhone maker lobbies White House for relief to ease financial pressure from rising memory chip prices Published Sat, Jun 27, 2026 · 12:10 PM [BENGALURU] Apple is lobbying the Trump administration for clearance to buy memory chips from ChangXin Memory Technologies, a Chinese company the Pentagon has put on a blacklist, the Financial Times…
Read MoreBosch CEO unexpectedly steps down after leading a massive job cut push
The 60-year-old Stefan Hartung requests to leave to pursue new social commitments and entrepreneurial tasks Published Sat, Jun 27, 2026 · 10:43 AM [BERLIN] Robert Bosch chief executive officer Stefan Hartung is stepping down after leading a push to cut thousands of jobs and make the world’s biggest automotive supplier more competitive. The 60-year-old requested…
Read MoreGold climbs above US$4,000 as inflation print curbs rate-hike bets
Spot gold rose as much as 1.7% on Friday, adding to a gain in the previous session Published Sat, Jun 27, 2026 · 10:09 AM [LONDON] Gold extended gains above US$4,000 an ounce on Friday (Jun 26) after the latest US inflation print tempered expectations for an interest-rate hike, capping a tumultuous week that saw…
Read MoreUS allows Anthropic to release Mythos to ‘trusted partners’
Published Sat, Jun 27, 2026 · 09:16 AM [WASHINGTON]The US government on Friday (Jun 26) allowed Anthropic to release its powerful Claude Mythos 5 AI model to some “trusted partners,” according to a Commerce Department letter seen by Reuters. The action comes two weeks after the government ordered the AI firm to suspend access to…
Read MoreUS allows Anthropic to release Mythos AI to ‘trusted’ US organizations
Published Sat, Jun 27, 2026 · 09:16 AM — Updated Sat, Jun 27, 2026 · 01:29 PM [WASHINGTON] Anthropic said on Friday (Jun 26) that the US government has allowed it to release its powerful Claude Mythos 5 artifical intelligence model to some “trusted” US organisations, partially reversing an order two weeks ago to suspend…
Read MoreMore cash, not less digital – expanded cash access does not signal retreat from Singapore’s payments push
Observers note that cash still has a role in building consumer confidence amid scams and fraud [SINGAPORE] The Republic’s move to expand cash access does not signal a retreat from becoming a cash-light society, observers said, but reflects a growing recognition that financial inclusion remains essential as the country upgrades its payments infrastructure. Physical cash…
Read MoreSpaceX set to join Nasdaq 100, paving way for wave of passive buying
Index inclusion typically boosts stock price, as ETFs tracking the index buy shares of the new firm Published Sat, Jun 27, 2026 · 08:56 AM [NEW YORK] SpaceX will be added to the tech-heavy Nasdaq 100 index on Jul 7, exchange operator Nasdaq confirmed on Friday (Jun 26), paving the way for a surge in…
Read MoreEuropean shares slip as tech sell-off bites, Zalando slides
Published Sat, Jun 27, 2026 · 08:02 AM [FRANKFURT] European shares pulled back from record highs on Friday (Jun 26), with technology shares tracking global sector weakness, while Zalando fell after Germany’s financial regulator launched a probe into the retailer’s accounts. The pan-European STOXX 600 index closed 0.7 per cent lower, narrowly marking gains for…
Read MoreCisco to lay off more than 400 workers in California
San José tech company Cisco plans to cut 471 workers in three Bay Area offices, according to layoff notices filed to a state agency. The company, which provides networking devices along with other services including video conferencing and cybersecurity, told employees in May that it was going to cut fewer than 4,000 jobs or less…
Read MorePolestar barred from future US sales under Chinese tech rules
The rules are designed to block connected vehicles with Chinese software, hardware or ownership ties on national security grounds Published Fri, Jun 26, 2026 · 10:02 PM POLESTAR Automotive Holding UK has been denied authorisation to sell future models in the US from next year under connected-vehicle rules aimed at limiting Chinese technology. Polestar, which…
Read MoreWall St opens lower as chip stocks resume slide
Published Fri, Jun 26, 2026 · 09:48 PM [NEW YORK] Wall Street’s main indexes fell on Friday (Jun 26), as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the repercussions of massive AI spending by companies. The Dow Jones Industrial Average fell 116.9 points, or…
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