Posts by Liam Redmond
Amazon plans to shift annual Prime Day sale to June from July
Published Fri, Mar 13, 2026 · 07:07 AM [SEATTLE] Amazon.com is moving up its annual Prime Day sale to June from July, according to sources familiar with the matter, shifting the schedule for an event that’s become a big part of the e-commerce economy. The timing is expected to be late June, said the sources,…
Read MoreStellantis weighs deals with China rivals to shore up Europe
European and US carmakers have largely trailed Chinese competitors in cost and battery technology, after state subsidies from Beijing Published Fri, Mar 13, 2026 · 06:46 AM [PARIS] Stellantis is exploring deals with Chinese carmakers through which they would invest in the Fiat owner’s struggling European operations, as the company focuses its own investments on…
Read MoreQantas agrees to A$105 million settlement in Covid-19 flight credits class action
AUSTRALIA’S Qantas Airways said on Friday it has agreed to settle a class action related to flight credits issued during the Covid-19 pandemic for A$105 million (S$95 million), with no admission of liability. The settlement, subject to approval by the Federal Court of Australia, relates to flights scheduled to depart between January 2020 and November…
Read MoreUS to ease shipping rule in bid to tame spiralling fuel prices
The plan comes as President Donald Trump considers multiple options to stem the dramatic rise in crude and petrol amid the war in Iran Published Fri, Mar 13, 2026 · 06:11 AM [WASHINGTON] The Trump administration plans to waive a century-old maritime law that requires American ships to be used to transport goods between US…
Read MoreShips must coordinate with Iran’s navy to pass through Strait of Hormuz, foreign ministry says
Published Fri, Mar 13, 2026 · 06:10 AM [DUBAI] Ships must coordinate with Iran’s navy to pass through the Strait of Hormuz, the country’s foreign ministry spokesperson said in comments carried by Mehr news agency on Thursday. Iran will fight on and keep the Strait of Hormuz shut as leverage against the United States and…
Read MoreOil settles up 9% as Iran vows to keep Strait of Hormuz closed
Middle East Gulf countries have cut total oil production by at least 10 million barrels per day Published Fri, Mar 13, 2026 · 06:04 AM [NEW YORK] Oil prices settled up about 9 per cent on Thursday, at their highest in nearly four years, as Iran stepped up attacks on oil and transport facilities across the Middle East, and the country’s…
Read MoreEuropean shares close lower as oil surge sparks inflation worries, rate hike bets
Published Fri, Mar 13, 2026 · 05:57 AM EUROPEAN shares extended losses on Thursday as investors grappled with a surge in oil prices, which brought concerns about inflation amid the war in the Middle East to the forefront again. The pan-European benchmark Stoxx 600 closed 0.6 per cent down at 598.86, and ended lower for the seventh…
Read MoreUS stocks: Wall Street ends sharply lower as intensifying Iran war, soaring crude prompt selloff
Published Fri, Mar 13, 2026 · 05:51 AM [NEW YORK] US stocks fell on Thursday, as Iranian strikes on two oil tankers sent crude prices surging toward US$100 per barrel, further exacerbating inflation fears and sending investors fleeing equity markets. All three major US stock indexes slid more than 1.5 per cent in a broad selloff, with…
Read MoreMetaComp: Asia’s Revolut for business payments
With its focus on transaction banking, fintech firm sees itself as builder of broader industry’s infrastructure [SINGAPORE] As cryptocurrencies hit some road bumps, Singapore fintech player MetaComp believes the real work of building the industry’s “Web 2.5” plumbing is beginning to pick up. The company, which recently raised US$35 million across two funding rounds within…
Read MoreCambricon rides China AI boom to post its first annual profit
Published Thu, Mar 12, 2026 · 10:44 PM [HONG KONG] Cambricon Technologies reported its first-ever annual profit after Beijing encouraged China’s leading artificial intelligence developers to adopt locally made chips given restrictions on Nvidia. Net income reached 2.1 billion yuan (S$391 million), just shy of analyst estimates, compared with a 452 million-yuan loss in 2024,…
Read MoreWall St opens lower as Middle East tensions lift oil prices to US$100
Published Thu, Mar 12, 2026 · 09:41 PM [NEW YORK] Wall Street’s main indexes opened lower on Thursday (Mar 12) as oil prices surged to nearly US$100 a barrel, fanning inflation worries and forcing traders to dial back expectations of US interest rate cuts. The Dow Jones Industrial Average fell 174.7 points, or 0.37 per…
Read MoreHealth Sciences Authority to speed up medical device access
Singapore will also apply for full Medical Device Single Audit Program membership [SINGAPORE] The Health Sciences Authority (HSA) on Thursday (Mar 12) announced deeper pacts with Malaysia and Uzbekistan, which are expected to contribute to the growth of Singapore’s biomedical sector. This was done on the sidelines of the International Medical Device Regulators Forum, which…
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