Posts by Liam Redmond
Cognition fast-tracks Asia-Pacific expansion with new Singapore headquarters
This follows the tech company’s entry into the region through Japan earlier in April [SINGAPORE] Cognition, best known for being the company behind pioneer artificial intelligence software development tool Devin, launched its regional headquarters in Singapore on Wednesday (Apr 29) amid surging enterprise demand across the region. Launched in March 2024, Devin was recognised for…
Read MoreUBS beats profit expectations on market volatility
Markets have remained broadly resilient so far in the second quarter, the bank says Published Wed, Apr 29, 2026 · 01:49 PM [ZURICH] Swiss bank UBS posted better-than-expected first-quarter net profit on Wednesday (Apr 29), helped by record trading revenue amid market turbulence triggered by the war in the Middle East. Switzerland’s biggest bank reported…
Read MoreChina’s Meta backlash renders Manus model ‘officially dead’
Beijing is piling on the pressure just as startups grapple with escalating geopolitical tensions THE artificial intelligence startup Manus, once hailed as a breakthrough that would challenge Silicon Valley’s dominance, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta Platforms to unwind its US$2 billion takeover of the company. With…
Read MoreMUFG to foray into Indian real estate, expand forex derivatives
The bank has been scaling up in India, with its investment in Shriram Finance marking a big move Published Wed, Apr 29, 2026 · 11:48 AM [MUMBAI] Mitsubishi UFJ Financial Group (MUFG ) will start lending to real estate firms in India and expand its foreign exchange derivatives business in the country’s low-tax hub, as…
Read MoreCountries have collective interest to keep critical sea lanes open and secure: Zhulkarnain
The closure of the Strait of Hormuz has put key maritime chokepoints under the spotlight [SINGAPORE] Unlawful restrictions on the flows of trade, energy and critical supplies impose a cost that small island-nations cannot afford, Minister of State for Foreign Affairs Zhulkarnain Abdul Rahim said on Apr 27. It is in the collective interest of…
Read MoreGold steady as markets await Powell’s comments on Iran war impact
Investors expect the Fed to hold interest rates steady at the end of its two-day meeting, ending later in the day Published Wed, Apr 29, 2026 · 09:35 AM [BENGALURU] Gold was largely steady on Wednesday (Apr 29) as investors awaited US Federal Reserve chair Jerome Powell’s comments to assess the Iran war’s impact on…
Read MoreStocks to watch: CapitaLand Investment, Mapletree Industrial Trust, Hong Leong Asia, Wing Tai, Metro
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 29): CapitaLand Investment : Its total revenue stood at S$487 for the first quarter ended March. This was amid higher contributions from the fee-related business, which makes up 59 per cent of total revenue. It recorded a fee-related…
Read MoreUAE exit blindsides Opec and threatens to shake its grip on oil
The departure of one of the group’s most influential members will still raise wider questions [DUBAI] The shock decision by the United Arab Emirates to quit Opec blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market. Officials from other member countries were…
Read MoreAirbus profit drops as earnings collapse at main jet unit
The aviation sector is experiencing one of its most challenging periods as jet fuel prices surge on the conflict in Iran Published Wed, Apr 29, 2026 · 06:39 AM AIRBUS suffered a steep profit drop in the first three months of the year as aircraft deliveries slowed to the lowest since 2009, putting pressure on…
Read More‘Speed running’ Scientology: TikTok trend causes havoc, church alleges ‘hate crimes’
The Hollywood Walk of Fame is known for its colorful cast of characters. But even by those standards, the scenes of Jesus Christ and Sonic the Hedgehog racing past security guards employed by the Church of Scientology in recent days were a little bizarre. On Saturday afternoon, someone dressed as the Christian messiah was among…
Read MoreUPS posts lower Q1 profit as it scales down Amazon deliveries
The parcel giant has been shifting its focus to higher-margin shipments to support profitability and control costs Published Tue, Apr 28, 2026 · 10:49 PM [ATLANTA] United Parcel Service (UPS) posted a drop in first-quarter adjusted profit as the parcel giant has been cutting its exposure to low-margin, high-volume shipments from customers such as Amazon.…
Read MoreWorld Bank forecasts 24% surge in energy prices in 2026 due to Middle East war
Published Tue, Apr 28, 2026 · 10:32 PM [WASHINGTON] Energy prices are expected to surge by 24 per cent in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on…
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