Posts by Liam Redmond
Grab to consolidate Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
[SINGAPORE] Grab will consolidate Indonesian digital bank Superbank into its financial services segment, after Singtel transfers its stake in the lender to GXS Bank, Grab’s joint venture with the telco. The Nasdaq-listed super app on Wednesday (May 20) announced that its combined shareholding in Superbank will rise to more than 50 per cent following the…
Read MoreDisney accused of misusing facial recognition technology
A visitor has filed a $5-million lawsuit against Disneyland for allegedly failing to properly disclose the use of facial-recognition technology at park and collecting sensitive data on guests. Summer Christine Duffield of Riverside County filed the lawsuit after a May 10 visit to Disneyland and sister park California Adventure, alleging that the resort violates privacy…
Read MoreDogfight over California: The ugly battle between electric air taxi leaders Joby and Archer
Two California companies at the front of the global race to bring battery-powered air taxis to the public are trying to trip each other up in court. While Joby Aviation and Archer Aviation are based within an hour of each other in Northern California, they are bitter rivals, each hoping their own small electric vertical…
Read MoreNestle and Danone face fresh scrutiny over infant formula recalls
Published Wed, May 20, 2026 · 05:35 PM [PARIS] Nestle and Danone are facing fresh scrutiny over the handling of infant formula contamination after reports published on Tuesday by French, Belgian and Swiss public media questioned the speed of recalls of potentially harmful products. The investigation by Radio France, RTBF and RTS said Nestle had…
Read MoreCollapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream
A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become Source link
Read MoreStanChart CEO reassures staff after ‘lower-value human’ backlash
Published Wed, May 20, 2026 · 04:39 PM STANDARD Chartered chief executive officer Bill Winters sought to reassure staff after his remarks on using artificial intelligence to replace “lower-value human capital” triggered a sharp backlash on social media and from a former head of state. “Many of you will have seen media coverage following the…
Read MoreEuropean shares dip as Middle East caution lingers
Published Wed, May 20, 2026 · 03:37 PM EUROPEAN shares edged lower on Wednesday (May 20) as investors remained cautious with war-driven inflation fears pressurising bonds, while markets kept a close watch on US-Iran negotiations. The pan-European Stoxx 600 dipped 0.2 per cent to 610.37 points, as of 0701 GMT. Other regional bourses were also…
Read MoreLondon’s Global Healthcare Opportunities and Singapore-based CBC Group to merge creating investment giant: FT
The merger is expected to create a US$21 billion investor employing more than 200 professionals globally Published Wed, May 20, 2026 · 02:20 PM [BENGALURU] One of Europe’s largest healthcare private equity funds, Global Healthcare Opportunities, and Asia’s CBC Group are merging to create the world’s biggest investment manager in the healthcare sector, the Financial…
Read MoreChina says it will buy 200 Boeing jets, seek extension of US tariff truce
The two sides will seek reciprocal levies cuts on US$30 billion or more of goods each, the Chinese ministry says Published Wed, May 20, 2026 · 01:26 PM [BEIJING] China will buy 200 Boeing jets and seek an extension of the trade agreement with the US that was reached in Kuala Lumpur last year, the…
Read MoreGardenia axes 141 staff in Singapore as it relocates bakery production to JB
The city-state will still be the bread maker’s central hub, with about 250 employees [SINGAPORE] Bread maker Gardenia Foods will move its bakery operations from Singapore to Johor Bahru, Malaysia, with 141 staff at its Pandan Loop facility to be retrenched. The move is part of “ongoing efforts to enhance operational efficiency and maintain competitiveness…
Read MoreOpenAI picks Singapore for first Applied AI Lab outside US in S$300 million push to tap ‘incredible talent here’
[SINGAPORE] ChatGPT creator OpenAI will open its first Applied AI Lab outside the US in Singapore and hire more than 200 specialised artificial intelligence professionals over the next few years as part of a S$300 million investment in the Republic. The move comes after the San Francisco-based technology company signed a memorandum of understanding (MOU)…
Read MoreSingapore GasCo has bought enough LNG to last for rest of year
Published Wed, May 20, 2026 · 10:25 AM [SINGAPORE] Singapore has bought enough liquefied natural gas (LNG) to last through the end of the year, as it replaces shipments stuck behind the Strait of Hormuz due to the Iran war. State-owned Singapore GasCo, which was established last year, secured shipments from regions outside the Middle…
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