Posts by Liam Redmond
Supreme Court makes it harder for music and movie makers to sue for copyright infringement
WASHINGTON — The Supreme Court made it harder for music and movie makers to sue for online piracy, ruling Wednesday that internet providers are usually not liable for copyright infringement even if they know their users are downloading copyrighted works. In a 9-0 decision, the justices threw out Sony’s lawsuit and a $1-billion verdict against Cox Cable…
Read MoreMeta is cutting several hundred jobs amid record AI spending
Published Wed, Mar 25, 2026 · 10:50 PM Meta Platforms is cutting several hundred jobs as part of a restructuring effort that’s impacting several teams at the company, including sales, recruiting and the Reality Labs hardware division. The layoffs will affect employees both in the US and other international markets, according to a person familiar…
Read MoreWall Street opens higher on hopes of Middle East de-escalation
Published Wed, Mar 25, 2026 · 09:47 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Mar 25) as prospects of a de-escalation in the Middle East conflict allayed some investor fears around prolonged energy supply disruptions. The Dow Jones Industrial Average rose 190.2 points, or 0.41 per cent, at the open to…
Read MoreBarclays pulls back on asset-based lending after MFS, Tricolor
The British bank is shifting its focus to loans and securitisations for larger corporates Published Wed, Mar 25, 2026 · 09:44 PM [LONDON] Barclays is scaling back its asset-based lending to smaller borrowers, according to people with knowledge of the matter, after the collapses of Market Financial Solutions and Tricolor Holdings left the firm facing…
Read MoreFosun Resort chain Club Med considers Hong Kong IPO: sources
The French group is in talks with banks about working on the potential share sale Published Wed, Mar 25, 2026 · 08:45 PM [HONG KONG] Club Med is considering an initial public offering and is looking at Hong Kong, according to people familiar with the situation. The French group – part of China’s Fosun International…
Read MoreChina Eastern Airlines to buy 101 Airbus aircraft for around US$15.8 billion
Published Wed, Mar 25, 2026 · 08:44 PM [BEIJING] China Eastern Airlines signed an agreement with Airbus on Wednesday (Mar 25) to buy 101 A320neo aircraft in a deal worth about US$15.8 billion at list prices, according to a company filing to the Shanghai Stock Exchange. The aircraft are scheduled to be delivered to the…
Read MoreIndependent probe finds ‘no impropriety’ as C-suite drama erupts at Hong Lai Huat
A spat with the CEO’s son was ‘at most, a contributing factor’ to Lai Seng Fatt’s resignation as CFO [SINGAPORE] Mainboard-listed real estate developer Hong Lai Huat Group has pulled the curtain back on the sudden departure of its chief financial officer Lai Seng Fatt, who resigned from the company on Feb 3, following “an…
Read MoreMeta boosts top executives’ pay with stock options as AI race heats up
The options are the social media giant’s first for its top brass and require steep stock milestones Published Wed, Mar 25, 2026 · 07:55 PM [NEW YORK] Meta Platforms has offered top executives stock options that could pay out hundreds of millions of US dollars and are tied to lifting its valuation six-fold to more…
Read MoreMeituan, Alibaba shares jump as Beijing vows to end price wars
China’s market regulator holds seminar on curbing cut-throat competition, which dampens the drive to grow consumption Published Wed, Mar 25, 2026 · 07:46 PM [HONG KONG] The shares of China’s food-delivery companies surged on Wednesday (Mar 25), as the authorities stepped up efforts to end the intense competition in the sector, which has driven down…
Read MoreSustainable aviation fuel levy deferred to flights departing from Jan 1, 2027, as Gulf conflict drags on: CAAS
Singapore ‘remains firmly committed to aviation decarbonisation’, says director-general Han Kok Juan [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) on Wednesday (Mar 25) said it will defer the implementation of the sustainable aviation fuel levy. The decision was made in view of the “impact of the ongoing conflict in the Middle East on airlines…
Read MoreNo rush by SGX listcos to embrace forward guidance; ‘phased adoption’ likely: observers
They attribute this to factors such as legacy practices and concerns about regulatory risk [SINGAPORE] Even as Singapore Exchange Regulation (SGX RegCo) is encouraging companies to provide forward guidance, many listed firms remain hesitant to act, going by the recent earnings season. Forward guidance, commonly referred to as earnings guidance, can range from qualitative commentary…
Read MoreAs streaming subscription fees rise, more consumers opt to pay less and watch ads
When video streaming platforms were first launched, they were marketed as an affordable way to watch your favorite movies without the interruption of an ad break. But, over the years, as subscription fees hit highs of nearly $25 a month and cheaper ad-supported tiers were introduced, more consumers are willing to pay less in exchange…
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