Posts by Liam Redmond
SQ321 final report: A timeline of the 2024 turbulence incident
The aircraft ran into ‘sudden extreme turbulence’, leaving dozens injured and one dead [SINGAPORE] Two years ago, a Singapore Airlines (SIA) flight on its journey home from the UK was struck with sudden turbulence, which sent it plunging over 50 m, leaving dozens injured and one dead. The incident on Flight SQ321 occurred on May…
Read MoreDexterous robotic hand maker Linkerbot is said to consider Hong Kong IPO
It said in February it completed a 1.5 billion yuan (S$282 million) Series B fundraising round Published Tue, May 19, 2026 · 07:18 PM LINKERBOT, a Chinese startup that specialises in making highly dexterous robotic hands, is considering an initial public offering in Hong Kong, according to people with knowledge of the matter. The Beijing-based company has hired…
Read MoreRobotic hand maker Linkerbot is said to consider Hong Kong IPO
Published Tue, May 19, 2026 · 07:18 PM [BEIJING] Linkerbot, a Chinese startup that specialises in making highly dexterous robotic hands, is considering an initial public offering in Hong Kong, according to people with knowledge of the matter. The Beijing-based company has hired China Merchants Bank International, Citic Securities and HSBC Holdings to work on a share sale…
Read MoreCoach owner Tapestry targets international markets for 70% of growth
Published Tue, May 19, 2026 · 06:46 PM [FASANO, Italy] Tapestry expects about 70 per cent of its growth over the next few years to come from international markets, with the Coach handbag owner’s expansion plans focused on China and Europe. “Our penetration right now is relatively lower in international markets,” Tapestry CEO Joanne Crevoiserat…
Read MoreDelfi’s Q1 Ebitda slips 0.8% to US$16.8 million despite higher sales
The group expects the Middle East conflict to exert upward pressure on some operating costs [SINGAPORE] Chocolate confectioner Delfi reported a 0.8 per cent dip in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to US$16.8 million for the first quarter ended Mar 31, from US$17 million the year before. The slight drop in…
Read MoreOnline retailer Shein to acquire San Francisco-based Everlane
Shein, one of the largest fast-fashion retailers in the world, is set to acquire the “quiet luxury” apparel brand Everlane, media reports said. Shein will buy Everlane from majority owner L Catterton for $100 million, according to a deal signed Saturday, Puck reported. Everlane was once valued around $600 million at its peak in the…
Read MoreFed’s Warsh has a difficult boss and tough job ahead, says StanChart CEO Winters
Published Tue, May 19, 2026 · 05:06 PM [HONG KONG] Incoming Federal Reserve chair Kevin Warsh faces both a tough environment and a “difficult boss,” Standard Chartered CEO Bill Winters said on Tuesday, pointing to political pressure on Warsh to cut rates even as inflation remains high. “Inflation is stubbornly high and unlikely to come down, but he’s got…
Read MoreIndonesia’s financial regulator says stock index reflects fundamentals after fall
The rupiah remained under pressure on Tuesday, hitting a record low of 17,730 a dollar Published Tue, May 19, 2026 · 04:15 PM [JAKARTA] Indonesia’s stock market better reflects fundamentals now following recent market reforms and a sharp fall over the past week, the country’s head of the Financial Services Authority (OJK) said on Tuesday.…
Read MoreStanChart Singapore to hire more wealth bankers amid global cuts; impact on other roles still unclear
[SINGAPORE] Standard Chartered will continue to hire relationship managers in Singapore, despite plans to reduce its global headcount. The lender said at its investor event on Tuesday (May 19) that it plans to cut more than 15 per cent of its global corporate function headcount by 2030, as it counts on artificial intelligence (AI) and…
Read MoreAI replaces ‘lower-value human capital’, StanChart CEO says
Bill Winters’ remarks echo a growing candor among global financial leaders regarding the realities of automation Published Tue, May 19, 2026 · 01:50 PM [HONG KONG] Standard Chartered chief executive officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of…
Read MoreStarbucks Korea head sacked after ‘Tank Day’ promotion sparks public uproar
President Lee Jae-myung slams Starbucks as a ‘degenerate peddler’, saying he is enraged by the campaign Published Tue, May 19, 2026 · 12:59 PM [SEOUL] The head of Starbucks Korea has been fired after a marketing campaign sparked public outrage for evoking painful memories of a brutal military crackdown on pro-democracy protesters in 1980. Shinsegae…
Read MoreChina will open its market to AI chips from US, Nvidia’s CEO says
Published Tue, May 19, 2026 · 11:02 AM NVIDIA chief executive officer Jensen Huang, speaking days after he joined President Donald Trump’s May 14-15 summit in China, said he expects Chinese authorities will eventually allow the import of artificial intelligence chips from the US. “The Chinese government has to decide how much of their local…
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