Posts by Liam Redmond
US said to suspect Nvidia chips smuggled to Alibaba via Thailand
Since 2022, Washington has effectively blocked these processors from going to China over concerns that advanced AI could lend Beijing a military edge A KEY company behind Thailand’s national AI effort is suspected of helping to smuggle billions of dollars worth of Super Micro Computer servers containing advanced Nvidia chips to China, with Alibaba Group…
Read MoreAir India weighs cost cuts, flight reductions as Iran war worsens financial struggles
The Indian carrier’s losses have dragged down earnings at SIA, which holds a 25.1% stake Published Fri, May 8, 2026 · 03:23 PM [NEW DELHI] Air India is looking to implement measures to cut costs and reduce flights in the wake of the Iran war, people familiar with the matter said, just as the unprofitable…
Read MoreNo AI, poor returns drive Indian investors to foreign markets
Published Fri, May 8, 2026 · 02:21 PM [MUMBAI] Investors in India, long focused almost entirely on domestic markets, are increasingly starting to look outward. A growing number are moving money abroad, seeking diversification after a stretch of weaker relative returns and sustained foreign outflows from local equities that have driven the rupee to record…
Read MoreToyota sees 20% drop in annual profit as Iran war weighs
The world’s top-selling automaker expects an operating income of 3 trillion yen in the year to March 2027 Published Fri, May 8, 2026 · 02:21 PM — Updated Fri, May 8, 2026 · 02:51 PM [TOKYO] Toyota halved its quarterly profit in an earnings report on Friday (May 8) and forecast a decline of 20…
Read MoreCommerzbank to cut 3,000 jobs in bid to hit profit targets, as it fends off UniCredit takeover
The bank upgrades a series of financial targets, foreseeing higher profit and revenues by 2028 Published Fri, May 8, 2026 · 02:21 PM [FRANKFURT] Commerzbank said on Friday (May 8) that it plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a takeover…
Read MoreNASA, SpaceX Ready ISS Supply Mission
NASA and SpaceX are getting ready for their 34th commercial cargo delivery mission to the International Space Station. The operation is aimed at delivering supplies, scientific equipment, and essential materials to support the orbiting laboratory and its crew. A SpaceX Dragon spacecraft that will take 39 crew supplies and technical hardware and carry over 6,500…
Read MoreFreeport Indonesia pushes back Grasberg copper restart by a year
Prices for the metal have surged to a record in January on a wave of speculative buying Published Fri, May 8, 2026 · 12:36 PM [LONDON] Freeport Indonesia pushed back the full restart of its giant Grasberg copper mine by a year, worsening supply constraints that are already impacting the global market for the metal.…
Read MoreUS, Iran Exchange Fire In Major Ceasefire Test As Trump Insists Truce Holds
The United States and Iran exchanged fire on Thursday in the most serious challenge yet to their month-old ceasefire, with both sides accusing each other of violating ceasefire even as U.S. President Donald Trump insisted the truce remained intact. According to Iranian military officials, U.S. forces targeted two ships entering the Strait of Hormuz and…
Read MoreSony gives upbeat outlook with help from music and games empire
Published Fri, May 8, 2026 · 11:33 AM [TOKYO] Sony Group projected profit this year largely in line with expectations as it pours further investment into its growing portfolio of intellectual property rights spanning music, movies and games. For the year through March 2027, the Tokyo-based company expects an operating profit of 1.6 trillion yen…
Read MoreSumitomo Mitsui Trust Bank targeting US$500 million for new aircraft lease fund
The fund will purchase Boeing and Airbus aircraft and lease them to airlines globally Published Fri, May 8, 2026 · 11:12 AM [TOKYO] Japan’s Sumitomo Mitsui Trust Group (SMTG) is planning to launch a new aircraft lease fund, aiming to raise US$500 million from investors in Japan, Asia and the Middle East, an executive said.…
Read MoreCitigroup targets hedge funds, private equity in FX growth push
Options have become a growing focus within FX as trading activity accelerates, making it a priority for the Wall Street bank Published Fri, May 8, 2026 · 11:03 AM [SINGAPORE] Citigroup is expanding its foreign-exchange (FX) business with hedge fund and private-equity clients, part of a broader push as global trading volumes rise. The bank…
Read MoreTrump administration invites Nvidia, Boeing CEOs for China trip: report
Executives from Qualcomm, Blackstone, Citigroup, and Visa are also on the invitation list, according to the report Published Fri, May 8, 2026 · 10:41 AM [WASHINGTON] The Trump administration is inviting CEOs from Nvidia, Apple, Exxon, Boeing and other big companies to accompany the president on his trip to China next week, Semafor reported on…
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