Posts by Liam Redmond
Banks lay groundwork for mass workforce cuts as AI takes hold
Following recent comments by CEOs, industry workers have been left dazed about whether their jobs are safe [LONDON] In the the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s using key words from job listings, making eye contact – following advice he’s gotten from recruiters.…
Read MoreTrump says Fed rate increase would be wrong, again calls for cut
Published Sun, Jun 7, 2026 · 11:34 PM [WASHINGTON] President Donald Trump said Federal Reserve policymakers would be wrong to raise interest rates after a blowout US jobs report, while insisting he does not want to influence Kevin Warsh before he chairs his first Fed meeting. “Nowadays when you have good reports, the market goes…
Read MoreSamudera Shipping-chartered vessel sinks en route from Singapore to Pasir Gudang
All crew members safe; group does not expect the incident to have any signifcant impact to its business or financials [SINGAPORE] A container vessel chartered by mainboard-listed Samudera Shipping on its Singapore-Pasir Gudang service has sunk en route. In a regulatory filing on Sunday (Jun 7), the group said the vessel, Golden Star 1, sank…
Read MoreSouth Korea unveils measures to stem won slide, curb speculation
These include tighter scrutiny of offshore currency derivatives and probes into potentially illegal FX transactions Published Sun, Jun 7, 2026 · 06:35 PM [SEOUL] South Korea laid out a series of targeted measures to curb pressure on the won after the currency slid to its weakest level since 2009, pledging firm action against speculative trading…
Read MoreSIA Engineering, France’s Safran in US$118 million JV for aircraft engine maintenance in Singapore
The two will establish a full-fledged shop for maintenance of CFM Leap aircraft engines [SINGAPORE] SIA Engineering Company (SIAEC) has partnered French aerospace giant Safran Aircraft Engines in a US$118 million joint venture (JV) to set up a full-fledged aircraft engine shop in Singapore. This will provide maintenance, repair and overhaul (MRO) services for CFM…
Read MoreBritish Airways says fare increases more likely after main summer season
Airlines across the world are grappling with higher fuel costs because of the Iran war Published Sun, Jun 7, 2026 · 05:04 PM BRITISH Airways said it is more likely to increases prices after the main 2026 summer season than an airline only focused on leisure travel because its customer base provides greater flexibility to…
Read MoreWith new 90,000 sq ft HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear fruit [SINGAPORE] Catalist-listed seafood restaurant group Jumbo is set to expand its footprint in China and South-east Asia, even as it focuses on diversifying its business at home through premium dining concepts and…
Read MoreWith new S$10 million HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
Group CEO Ang Kiam Meng is confident that the group’s bottom line will improve in FY2027 as its investments begin to bear fruit [SINGAPORE] Catalist-listed seafood restaurant group Jumbo is set to expand its footprint in China and South-east Asia, even as it focuses on diversifying its business at home through premium dining concepts and…
Read MoreOpenAI plans ChatGPT ‘superapp’ overhaul ahead of listing, reports FT
Overhaul will give greater prominence and resources to OpenAI’s coding product Codex and is set to roll out in the coming weeks Published Sun, Jun 7, 2026 · 03:19 PM OPENAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a “superapp” with coding tools and AI agents to boost revenue ahead…
Read MoreWorld’s hottest market South Korea has bulls reaching for protection
Many investors are becoming pickier about where to put new money and keeping cash ready for opportunities elsewhere Published Sun, Jun 7, 2026 · 02:59 PM A WAVE of optimism over South Korean stocks is giving way to growing caution, as some investors hedge positions and pare back crowded trades on concerns that the rally…
Read MoreGlobal airlines slash 2026 profit forecast on fuel shock from Iran war
Iata says it expects the industry to post combined earnings of US$23 billion this year, down from US$45 billion in 2025 Published Sun, Jun 7, 2026 · 01:01 PM — Updated Sun, Jun 7, 2026 · 09:55 PM [RIO DE JANEIRO] The global airline industry nearly halved its 2026 profit forecast on Sunday (Jun 7),…
Read MoreAirline chiefs grapple with Iran war fuel shock, fare test at annual Iata summit
Fuel price volatility and inflation sit at the top of the industry’s risk agenda, found a recent survey Published Sun, Jun 7, 2026 · 01:01 PM [RIO DE JANEIRO] Global airline chiefs open their annual summit in Rio de Janeiro facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up…
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