Posts by Liam Redmond
MiniMax plans China IPO as it eyes local rivals like DeepSeek
It is part of a group of Chinese AI firms racing to build and commercialise large language models Published Sat, May 30, 2026 · 03:14 PM CHINA’S MiniMax Group has begun preparations for a domestic initial public offering (IPO), according to a regulatory filing, as the fast‑growing artificial intelligence (AI) startup challenges local rivals including…
Read MoreChina’s rise in drug development looms over US
China’s ascendence as a drug development powerhouse could threaten US biotechnology [NEW JERSEY] For decades, an annual gathering of oncologists has featured drug trials that were run mainly at American and European hospitals. But at this year’s meeting, which is being held in Chicago this weekend, the signs are everywhere of China’s ascendance as a…
Read MoreMeta plans AI pendant, ‘wearables for work’ in hardware boost, The Information reports
The Instagram owner aims to sell 10 million wearable devices in the second half of 2026 Published Sat, May 30, 2026 · 12:42 PM [BENGALURU] Meta Platforms plans to start testing an artificial intelligence (AI) pendant in the next year, as it charts a roadmap for wearable devices in an effort to reverse losses in…
Read MoreFrom oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions
[SINGAPORE] Vitol, the world’s largest independent energy trader, found itself on shaky footing when the Middle East conflict broke out on Feb 28. The conflict, which saw the US and Israel launch an attack on Iran, disrupted the supply of crude oil, products and liquefied natural gas from the Gulf. Vitol and other commodities trading…
Read MoreYum is in exclusive talks to sell Pizza Hut to LongRange
Published Sat, May 30, 2026 · 09:39 AM [NEW YORK] Yum! Brands is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, according to people familiar with the matter. LongRange entered exclusivity with Yum in recent days, beating out bidders including Sycamore Partners, one of the people said. The two parties are…
Read MoreOil falls on hopes for US-Iran ceasefire agreement
Published Sat, May 30, 2026 · 09:06 AM [HOUSTON] Oil futures fell more than 2 per cent on Friday (May 29), closing out their steepest weekly decline since early April as traders awaited word that the US, Israel and Iran had reached agreement on a ceasefire. Brent crude futures for July, which expired on Friday,…
Read MoreEuropean shares secure monthly gains on Middle East peace hopes
This follows reports of US President Donald Trump weighing an agreement with Iran Published Sat, May 30, 2026 · 08:51 AM [BENGALURU] European shares edged higher on Friday (May 29), wrapping up the month with gains as investors clung to hopes that a proposed deal to extend a Middle East ceasefire and reopen the strategic…
Read MoreUS stocks extend win streak on peace deal hopes, AI excitement
Published Sat, May 30, 2026 · 08:36 AM [TORONTO] Stocks climbed on Friday (May 29) to close at a fresh record, boosted by hopes of a peace deal with Iran and expectations that spending on artificial intelligence (AI) will continue propelling corporate earnings growth. The S&P 500 Index closed 0.2 per cent higher, capping off…
Read Moremm2 Asia H2 net loss widens to S$166.6 million amid fair-value losses
FY2026 revenue plunges 95.9% on the year, amid a 99% decline in sales by its content business [SINGAPORE] Former Cathay Cineplexes operator mm2 Asia posted a net loss of S$166.6 million for its second half ended Mar 31, widening from a net loss of S$101.3 million in the year-ago period. In tandem, its basic loss…
Read MoreA quarter of large oil tankers trapped by Iran war have escaped
Most vessels made the transit by “going dark” – switching off the Automatic Identification System used to communicate their positions Published Fri, May 29, 2026 · 10:47 PM Roughly one-quarter of the large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a slow,…
Read MoreFed’s Bowman says too soon to judge inflation impact of Iran war
Published Fri, May 29, 2026 · 10:16 PM FEDERAL Reserve Vice Chair for Supervision Michelle Bowman said it’s too soon to judge the inflationary impact from the Iran war and that policymakers need to look through temporary price shocks. In a speech on Friday (May 29) outlining her approach to monetary policy, Bowman said she…
Read MoreWall St edges higher at open with Mideast deal updates in focus
Published Fri, May 29, 2026 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened higher on Friday (May 29), after closing at record highs the previous session, with markets awaiting details on reports that the US and Iran had reached a deal. The Dow Jones Industrial Average rose 104.9 points, or 0.21 per cent,…
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