Posts by Liam Redmond
Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June
Published Tue, May 5, 2026 · 07:55 PM [BRUSSELS] Meta Platforms will expand technology safeguards for teen accounts to 27 European Union countries and to Facebook in the United States, the US tech giant said on Tuesday, as it seeks to fend off criticism regarding its efforts protecting teenagers online. Tech companies are coming under…
Read MoreJapan has two more windows for yen intervention by IMF rules
Market participants anticipate the currency resuming its weakening trend with or without such manipulation Published Tue, May 5, 2026 · 07:23 PM [TOKYO] Japan can conduct only two more sessions of three-day interventions by November if it wants to maintain its status of having a freely floating exchange rate, based on International Monetary Fund (IMF)…
Read MoreVenture posts 0.7% increase in Q1 earnings to S$56.3m amid strong AI infrastructure demand
Revenue for the quarter rises 1.9% to S$628.5 million, up 1.9% year from the previous year [SINGAPORE] Technology player Venture Corporation on Tuesday (May 5) posted S$56.3 million in net profit in the first quarter of FY2026, as demand for artificial intelligence infrastructure continues to grow worldwide. While the group did not disclose a comparison…
Read MoreSingapore stocks slip on fresh US-Iran clashes; STI down 0.1%
Across the broader market, gainers trail losers 247 to 334, after 1.7 billion securities worth S$1.7 billion change hands [SINGAPORE] Singapore stocks ended lower on Tuesday (May 5), with investors on edge after the US and Iran launched fresh attacks in Gulf waters. The benchmark Straits Times Index (STI) lost 0.1 per cent or 3.7…
Read MoreCommentary: This year’s Met Gala proved one thing: The real devil who wears Prada is Jeff Bezos
Apparently not content with bankrupting Sears, Toys R Us, Radio Shack and countless other businesses; buying and then maiming the Washington Post; and leading the Tech Bro right turn to MAGA, Jeff Bezos did his level best to ruin this year’s Met Gala. Simply by being a part of it. The normally frothy run-up to…
Read MoreAudi fears ‘significant’ tariff impact ahead of SUV launch in US
Published Tue, May 5, 2026 · 04:38 PM [BERLIN] A looming US tariff hike would have a ‘significant’ impact on German premium carmaker Audi as it pushes ahead with plans to launch its largest SUV in the US this summer, finance chief Juergen Rittersberger said on Tuesday. US President Donald Trump has threatened to raise…
Read MoreStarwood CEO Sternlicht expands data centre footprint globally
Published Tue, May 5, 2026 · 04:17 PM BARRY Sternlicht, chairman and CEO at Starwood Capital Group, said his company has been investing in data centres for the past five years, expanding from the US to Europe and Asia. Starwood has established a significant presence in the data centre sector, including the Northern Virginia market near Washington, D.C.,…
Read MoreAustralian shares fall as RBA rate hike hits financials, miners
Published Tue, May 5, 2026 · 03:12 PM AUSTRALIAN shares pared most of their earlier losses to close marginally lower on Tuesday after a widely expected rate hike from the central bank, with sticky inflation and an oil-driven price surge keeping investors on edge. The S&P/ASX 200 index closed 0.2 per cent lower at 8,680.50,…
Read MoreHSBC profit misses estimates after fraud-related credit loss, Iran war risks
Published Tue, May 5, 2026 · 02:08 PM HSBC HOLDINGS on Tuesday (May 5) reported profit that missed estimates, weighed down by an unexpected UK fraud-related charge and rising economic risks stemming from the conflict in the Middle East. Pretax profit for the first three months of the year fell to US$9.4 billion, missing the…
Read MoreCK Hutchison unit to exit VodafoneThree stake in £4.3 billion deal
Published Tue, May 5, 2026 · 01:10 PM [BENGALURU] Hong Kong conglomerate CK Hutchison said on Tuesday (May 5) that its telecoms unit has agreed to a buyout of its 49 per cent stake in UK mobile operator VodafoneThree, for £4.3 billion (S$7.4 billion). The stake is held by CK Hutchison Group Telecom Holdings (CKHGT),…
Read MoreStar Sports Medicine jumps 204% as Hong Kong debut frenzy extends
HK listings are surging as investors gain confidence in Chinese healthcare and tech sectors Published Tue, May 5, 2026 · 11:45 AM [HONG KONG] Shares of Star Sports Medicine, a maker of medical devices, surged as much as 204 per cent in their Hong Kong trading debut on Tuesday, extending a run of hot first-day…
Read MoreParamount Skydance first-quarter profit benefits from cost-cutting
The results are the first since the media giant struck a US$110 billion deal to acquire Warner Bros Discovery Published Tue, May 5, 2026 · 11:04 AM [BENGALURU] Paramount Skydance’s pre-tax earnings rose in the first quarter, the company said on Monday (May 4), as streamlined operations and improved results in its streaming and studios…
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