Posts by Liam Redmond
Yangzijiang Maritime Development gets shareholder approval for share buyback at EGM
[SINGAPORE] Maritime financial solutions provider Yangzijiang Maritime announced on Friday (Mar 6) that a proposed share buyback mandate has been approved by its shareholders. The resolution to approve the proposed share buyback mandate was passed at the group’s in-person extraordinary general meeting on Friday at Capital Tower along Robinson Road. The resolution received favourable votes…
Read MoreMaritime insurance premiums surge as Iran conflict widens
War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz Published Fri, Mar 6, 2026 · 07:22 PM [BENGALURU] As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging – in some cases by more than 1000 per cent – dramatically driving up the cost of…
Read MoreHundreds of applications, no jobs and AI replacements: California’s brutal tech work landscape
Laid-off tech worker Joseph Tinner has spent almost a year hunting for a job. It has been a depressing crash course on the sea change in Silicon Valley. The former product instructor from the San Francisco Bay Area has ridden the tech wave throughout his career, easily jumping from Verizon to Fitbit to Workday. Since…
Read MoreLawsuit alleges Google chatbot was behind a user’s delusions and death
Google’s artificial intelligence chatbot Gemini encouraged a 36-year-old Florida man to embark on violent missions and to take his own life, a lawsuit alleges. The man, Jonathan Gavalas, started using the chatbot in August 2025 to help write, plan travel and assist with shopping. But after he activated Google’s most intelligent AI model, Gemini 2.5…
Read MoreCommentary: In two new court cases, judges find that AI does not have human intelligence
It’s becoming clearer with every passing day that the only people making a serious effort to come to grips with the implications of artificial intelligence for society aren’t legislators, or business leaders, or AI promoters themselves. They’re judges. Indeed, in recent weeks, judges in two federal cases have drawn a line that seems to have…
Read MoreAsia has limited options to diversify from Middle East energy reliance
Published Fri, Mar 6, 2026 · 06:47 PM [SINGAPORE] Asian energy buyers are scrambling to find alternatives as the Iran war creates unprecedented supply disruption, but the region has limited longer-term options to reduce its heavy reliance on Middle Eastern oil. The world’s top crude importing region buys 60 per cent of its oil and…
Read MoreSingapore stocks close flat on Friday amid cautious calm in Asian markets
[SINGAPORE] Singapore stocks finished flattish on Friday (Mar 6), as a “tense” calmness returned to key Asian markets even as missiles continued to rain over the Middle East. The benchmark Straits Times Index (STI) grew a marginal 0.03 per cent or 1.69 points to finish at 4,848.25. This brought the blue-chip index down 2.9 per…
Read MoreMTQ resumes Middle East operations; Vallianz not ‘significantly’ affected
This comes after the US and Israel launched their biggest attacks on Iran in decades on Feb 28 [SINGAPORE] MTQ Corp’s Middle East operations have resumed, while Vallianz Holdings has not been “significantly” affected by conflicts in the region, the two Singapore-listed companies said in separate bourse filings on Thursday (Mar 5). MTQ, a mainboard-listed…
Read MoreLufthansa beats profit target; outlook uncertain
Published Fri, Mar 6, 2026 · 05:30 PM [LONDON] Lufthansa reported better-than-expected 2025 results on Friday (Mar 6) as stricter financial management and fleet renewal helped it contain costs and boost profits, but the outlook remained clouded by the war in the Middle East. The German group’s shares rose as much as 4 per cent…
Read MoreSingapore’s new AI-upskilling push seen as shield against job displacement amid global layoffs
The National AI Impact Programme seeks to train 100,000 workers to be ‘fluent’ in applying artificial intelligence skills in their jobs [SINGAPORE] The Republic’s latest initiative to train workers in artificial intelligence (AI) skills is seen as “a necessary move” to upskill workers, and a defensive strategy to prevent the displacement of jobs from turning…
Read MoreMaersk suspends two shipping services due to Middle East crisis
It would halt its FM1 service connecting the Far East to the Middle East and its ME11 service linking the Middle East to Europe Published Fri, Mar 6, 2026 · 04:21 PM [COPENHAGEN] Maersk, one of the world’s biggest container shipping groups,said on Friday (Mar 6) it has temporarily suspended two services linking the Middle…
Read MoreSats says no ‘material interruption’ to Middle East cargo operations amid Iran conflict
The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman [SINGAPORE] Cargo handler Sats said on Friday (Mar 6) that its Middle East operations have “not experienced any material interruption” amid the ongoing conflict in the region. The company, which provides air cargo handling services and operates facilities in Saudi…
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