Posts by Liam Redmond
Paris appeals court rejects France’s attempt to suspend Shein’s marketplace
The French state had found obscene dolls and banned weapons for sale on the retailer’s website Published Thu, Mar 19, 2026 · 09:25 PM [PARIS] France’s bid to suspend Chinese online retailer Shein’s marketplace was rejected by Paris’ Court of Appeal on Thursday (Mar 19). This is a win for the fast-fashion giant, after a…
Read MoreMaersk, Hapag-Lloyd, Japan’s Ocean Network slapping on fuel surcharge for road transport
Inland part of intermodal freight covers all transport over land using modes such as trucks, and is typically bundled with ocean freight THREE of the top 10 shipping lines are implementing a fuel surcharge for their land transportation services amid rising fuel prices, driven by the effective blockage of a key passage near Iran as…
Read MoreUber to invest US$1.3 billion in EV-maker Rivian as part of robotaxi deal
The ride-hailing company will initially invest US$300 million and fund the remaining amount until 2031 Published Thu, Mar 19, 2026 · 09:04 PM [SAN FRANCISCO] Uber will invest up to US$1.3 billion in electric vehicle-maker Rivian, as part of a deal in which the ride-hailing company will start deploying 10,000 fully autonomous R2 SUVs as…
Read MoreBOE ‘stands ready to act’ as it unanimously votes to hold rates
Published Thu, Mar 19, 2026 · 08:32 PM [LONDON] The Bank of England voted unanimously to keep interest rates on hold and said it “stands ready to act” to tackle any inflation surge triggered by war in the Middle East. All nine members of the Monetary Policy Committee voted to leave rates unchanged at 3.75…
Read MoreSamsung aims to invest record US$73 billion on AI chip thrust
Published Thu, Mar 19, 2026 · 08:04 PM [SEOUL] Samsung Electronics plans to spend more than 110 trillion won (S$94.1 billion) on chip capacity expansion and research in 2026, devoting a record amount of capital towards an effort to seize the lead in artificial intelligence (AI) semiconductors. South Korea’s largest company is hiking investment by…
Read MoreJack Ma-backed Ant’s profit falls 91% on AI spending, fair value
The firm invests in AI to drive a new growth chapter after a regulatory crackdown ended two years ago Published Thu, Mar 19, 2026 · 07:24 PM [HONG KONG] Ant Group’s quarterly profit plunged 91 per cent after the Chinese digital payments firm ramped up spending to compete in artificial intelligence (AI) and healthcare, while…
Read MoreJack Ma-backed Ant’s profit fell 91% on AI spending, fair value
The firm invests in AI to drive a new growth chapter after a regulatory crackdown ended two years ago Published Thu, Mar 19, 2026 · 07:24 PM [HONG KONG] Ant Group’s quarterly profit plunged 91 per cent after the Chinese digital payments firm ramped up spending to compete in artificial intelligence and health care, while…
Read MoreAlibaba’s 67% profit plunge shows urgent need to monetise AI
Published Thu, Mar 19, 2026 · 07:11 PM [HONG KONG] Alibaba Group Holding’s earnings plunged while revenue barely grew, underscoring the urgency behind the Chinese e-commerce leader’s drive to wring more profits out of a swathe of costly AI endeavours. The company posted a 2 per cent rise in sales to 284.8 billion yuan (S$53.2…
Read MoreUOB’s sustainable financing up 21% at S$70.1 billion
SMEs drive the increase with S$7.8 billion extended in loans to help them accelerate sustainable business practices [SINGAPORE] UOB grew its sustainable financing portfolio to S$70.1 billion in 2025 as it moved its net-zero reporting timeline to provide a mid-year snapshot of its financed emissions. The bank’s 2025 sustainable financing portfolio rose 21 per cent…
Read MoreDirector and company secretary to be charged over suspected involvement in money-laundering activities
The fraudulent funds were obtained from investment and inheritance scams against overseas victims [SINGAPORE] Two men who served respectively as director and company secretary of two Singapore-incorporated companies will be charged for their suspected involvement in money-laundering activities on Mar 20, said the police on Thursday (Mar 19). The two companies had allegedly obtained fraudulent…
Read MoreSwiss watch exports bounce back in February before war in Middle East
Published Thu, Mar 19, 2026 · 06:31 PM [ZURICH] Swiss watch exports returned to growth last month, as US demand continued an uneven recovery from the fallout over the trade tariffs. Overall exports rose 9.2 per cent in February from the same month the year before, the Federation of the Swiss Watch Industry said on…
Read MoreSingapore stocks fall as Fed holds firm; STI down 0.7%
Across the broader market, losers beat gainers 427 to 181, after 1.9 billion securities worth S$2.5 billion change hands [SINGAPORE] Singapore stocks ended lower on Thursday (Mar 19), as the US Federal Reserve held interest rates steady overnight. The benchmark Straits Times Index (STI) lost 0.7 per cent or 34.56 points to finish at 4,967.61.…
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