Posts by Liam Redmond
China’s Tencent draws more than US$16 billion in orders for dual-currency bond
Published Tue, Jun 9, 2026 · 09:40 PM [SYDNEY] China’s Tencent Holdings has drawn more than US$16 billion in orders, around four times the amount it is seeking to raise, for a planned dual-currency bond, updated order book messages reviewed by Reuters showed on Tuesday (Jun 9). The enthusiasm is in line with the global…
Read MoreSingapore benefits from Middle East flight reroutings but only temporarily: IATA
[RIO DE JANEIRO] Changi Airport is a net beneficiary of the closure of Middle East airspace, given that Singapore Airlines (SIA) responded very quickly to provide additional capacity on Asia-Europe routes. Commenting on the competitiveness of Singapore’s air hub amid geopolitical tensions in the Middle East, Willie Walsh, director-general of the International Air Transport Association…
Read MoreGlobal offshore wind capacity set to grow to 420 GW by end of 2035, Gwec report says
Annual installations are expected to double this year and triple by 2031, it adds Published Tue, Jun 9, 2026 · 08:46 PM [LONDON] Global offshore wind capacity is set to quadruple over the next decade and reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (Gwec) showed…
Read MoreChinese hackers pose biggest espionage threat to tech firms, CrowdStrike says
Published Tue, Jun 9, 2026 · 08:27 PM CHINA-LINKED hackers posed the biggest espionage threat to technology companies over the past year, CrowdStrike, a cybersecurity firm, said in a report published on Tuesday (Jun 9), amid surging investment in artificial intelligence. The hacking campaigns align with the Chinese government’s strategic priorities and a sustained interest…
Read MoreEmirates will not cut flights despite Middle East war pressures
He also rejected Lufthansa’s criticism that Gulf carriers enjoyed an unfair regulatory advantage Published Tue, Jun 9, 2026 · 06:54 PM [BERLIN] Emirates president Tim Clark warned on Tuesday (Jun 9) that weaker airlines could fail if the Iran war drags on, with budget carriers most exposed, but said his airline had no plans to…
Read MoreSingapore stocks close higher after rebound of global chipmakers; STI up 1.2%
[SINGAPORE] Singapore stocks ended higher on Tuesday (Jun 9) on a rebound by global tech counters, in the wake of a steep sell-off earlier last week. The benchmark Straits Times Index (STI) gained 1.2 per cent or 59.58 points to finish at 5,023.25. Across the broader market, gainers outnumbered losers 344 to 231, after 1.4…
Read MoreGiant oil supertanker orders eclipse record set in 2008
Freight charges have doubled from pre-conflict levels and have soared to record highs of several hundred thousand dollars a day Published Tue, Jun 9, 2026 · 06:12 PM [ATHENS] The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a…
Read MoreNio denies US allegations, says inclusion on Chinese military companies list ‘will not impact’ business
[SINGAPORE] Electric vehicle maker Nio has denied allegations by the US that it is aiding the Chinese military. The company on Tuesday (Jun 9) said it believes that its inclusion on the Chinese military companies (CMC) list is “not justified as it is not a Chinese military company or a… contributor to the Chinese defence…
Read MoreGSK to buy Nuvalent for US$10.6 billion to expand in cancer drugs
Published Tue, Jun 9, 2026 · 05:05 PM [LONDON] GSK agreed to buy Nuvalent in a deal valued at US$10.6 billion (S$13.6 billion). This adds a biotech firm that is developing treatments for lung cancer, as the British pharmaceutical company seeks to rebuild its oncology franchise. GSK will pay US$124 a share in cash for…
Read MoreMeta funds skilled trades jobs programme for AI data-centre buildout
Published Tue, Jun 9, 2026 · 04:55 PM [NEW YORK] Meta is investing US$115 million to stand up a new training programme for data-centre technician jobs, as the social media giant races to build the infrastructure needed to power its artificial intelligence ambitions. The cost-free programme, America’s Workforce Academy, will end in guaranteed job offers…
Read MoreApple’s iOS 27 is filled with hints about its upcoming foldable iPhone
Published Tue, Jun 9, 2026 · 04:17 PM APPLE’S iOS 27 and related software updates offer the clearest public signs yet of the company’s upcoming foldable iPhone, revealing references to folding hardware and new features designed for larger, more flexible displays. The device, meant to bring a fresh form factor to the nearly 20-year-old iPhone…
Read MoreBombardier to grow Apac service hub in Singapore with S$100 million expansion
A new facility in JTC’s Seletar Aerospace Park will double the Canadian aircraft manufacturer’s footprint here [SINGAPORE] Bombardier will boost its Asia-Pacific service centre in Singapore with a S$100 million expansion that will double the company’s current footprint in the city-state. The Canadian company, which focuses on business and private jets, will build a new…
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