Posts by Liam Redmond
American Airlines boosts premium seating on 777 jets as upscale travel grows
The first retrofitted aircraft will begin commercial service on Wednesday (Sep 2) from New York to Buenos Aires Published Wed, Sep 2, 2026 · 10:28 PM [CHICAGO] American Airlines is adding more premium seats to its Boeing 777-300ER planes used on long-haul routes as US carriers increasingly chase higher-spending travellers. The airline is also phasing…
Read MoreS&P 500, Dow post slim gains at open
Published Wed, Sep 2, 2026 · 09:54 PM [NEW YORK] The benchmark S&P 500 and the blue-chip Dow indexes opened marginally higher on Wednesday (Sep 2), as investors weighed renewed US-Iran clashes against signs of strength in the AI trade. The Dow Jones Industrial Average rose 62.7 points, or 0.12 per cent, at the open…
Read MoreRadiant World facing UK lawsuit from Jefferies-run fund
It is the first legal filing in UK courts over fallout from concerns the company provided falsified documents Published Wed, Sep 2, 2026 · 09:47 PM COMMODITIES trader Radiant World and its founder are facing a UK lawsuit from a fund linked to Jefferies Group. LAM Trade Finance Group II filed applications in London’s High…
Read MoreUS dollar rises to 2-week high; Middle East conflict and rate paths in focus
Published Wed, Sep 2, 2026 · 08:58 PM [LONDON] The US dollar hit a two-week high on Wednesday (Sep 2) as investors turned to the currency amid growing concerns about the economic impact of the energy shock and weighed diverging monetary policy paths across major economies. Iran and its Arab neighbours were plunged back into…
Read MoreUber to cut 3,300 jobs in company overhaul to reduce management layers
Published Wed, Sep 2, 2026 · 08:33 PM [SAN FRANCISCO] Uber Technologies is cutting about 3,300 roles, or 10 per cent of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. Chief executive officer Dara Khosrowshahi announced the changes in an email obtained…
Read MoreUK fines Citibank London US$6 million over Russia sanctions breaches
Published Wed, Sep 2, 2026 · 07:45 PM [LONDON] Britain on Wednesday (Sep 2) fined Citibank £4.7 million (US$6.35 million) under its Russia sanctions regime, stating that the US bank’s CBNA London unit had made funds available for the benefits of those covered by sanctions. Britain’s Office of Financial Sanctions Implementation (OFSI) said the majority…
Read MoreIraq’s oil exports rose to around 2.34 million bpd in August
Published Wed, Sep 2, 2026 · 07:14 PM [BAGHDAD] Iraq’s oil exports rose to around 2.34 million barrels per day (bpd) in August, up from about 1.35 million bpd in July, two Iraqi energy officials said. The recovery in exports comes after Opec’s second-largest producer had been severely curtailed by the near-closure of the Strait…
Read MoreFalling AI token costs could fuel next leg of Singapore semiconductor rally: analysts
Shares of AEM, UMS and Frencken have soared between 65% and 400% this year with bets on AI-driven chip demand [SINGAPORE] Singapore-listed semiconductor equipment suppliers are set to be the beneficiaries of a possible fresh wave of spending on artificial intelligence infrastructure, with falling token costs spurring wider use of AI models, analysts said. Silicon…
Read MoreReining in Big Tech: How California lawmakers plan to regulate AI and social media
SACRAMENTO — Long the epicenter of the global tech industry, California is taking more action to shield its children, communities and workers from the threats posed by the very industry that’s become central to the state’s identity and enviable economy. State lawmakers on Monday passed new safeguards around social media, artificial intelligence and data centers at a…
Read More‘We’re not changing it’: SoCal-based Mapquest takes stand against Trump’s ‘Lake America’
Within days of President Trump’s executive order renaming Lake Ontario to “Lake America,” Google Maps quietly fell in line. Searches for the international boundary water in Google Maps now direct U.S. users to a renamed “Lake America.” The president’s preferred name for the smallest Great Lake isn’t yet reflected on Apple Maps, but it may…
Read MoreWhat Meta’s $17-billion settlement revealed about the harms of social media
After months of hype and mere hours in front of the jury, California’s blockbuster suit against Meta ended on Wednesday with a sweeping $17-billion settlement and 130 pages of promised changes to the platforms. Witnesses at the blink-and-you-miss-it Oakland trial echoed much of what had already been heard this year by juries in Los Angeles,…
Read MoreMeta’s ‘Big Tobacco moment’ leaves parents asking if social media is too dangerous for kids
Over the last five years, efforts to make social networks Facebook and Instagram safer for young people have erupted across courts, classrooms and capitals. Now Meta Platforms, the parent company of the world’s most popular social networks, faces another big moment of reckoning. On Wednesday, Meta agreed to pay up to $17 billion over 10…
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