Posts by Liam Redmond
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics Published Wed, Jan 28, 2026 · 06:54 PM [SAN FRANCISCO] Amazon said on Wednesday (Jan 28) it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three months, as it restructures after pandemic-era over-hiring and…
Read MoreHigh Court orders winding-up of TT International
The liquidation marks the end of a long and complex chapter involving the group and Big Box mall [SINGAPORE] The High Court has ordered consumer electronics trader TT International to wind up its operations, following an application by OCBC in November 2025. The order was granted on Jan 22, and announced by TT International in…
Read MoreMalaysia’s Johor Peatland Fire Prompts Water Bombing as Singapore Monitors Haze Risk
Johor’s fire and rescue department will carry out water bombing operations on Wednesday, January 28, to contain a peatland fire in Pengerang that has been burning since last Friday, as authorities in Singapore monitor the situation amid concerns over potential haze drifting south. The Johor department said 52% of the 99.55 hectares affected — an…
Read MoreSingapore shares mixed; Straits Times Index declines
[SINGAPORE] Singapore shares closed lower on Wednesday (Jan 28), with the Straits Times Index (STI) failing to sustain its momentum a day earlier amid a mixed showing regionally. The 30-constituent blue-chip barometer declined 0.3 per cent or 13.68 points to 4,909.34, with just nine counters closing higher. The trio of local banks ended the day…
Read MoreRetired NYPD officer collapses, dies shoveling snow for churchgoers during devastating Northeast winter storm
A New York community is mourning the death of a retired NYPD officer who died after reportedly suffering a heart attack while shoveling snow during last weekend’s major winter storm. Roger McGovern, a 60-year-old retired NYPD sergeant, collapsed while shoveling at Our Lady of Victory Church in Floral Park, Long Island on Sunday, according to ABC 7. “They…
Read MoreSK Hynix profit surges on relentless appetite for AI memory
Operating profit doubles to 19.2 trillion won (S$17 billion) in the December quarter Published Wed, Jan 28, 2026 · 05:51 PM [SEOUL] SK Hynix reported its strongest quarterly results to date, underscoring the depth of an artificial intelligence (AI) wave that has triggered an unprecedented surge in memory demand. Its operating profit more than doubled…
Read MoreHong Kong’s Exchange Fund posts record gain of HK$331 billion
Published Wed, Jan 28, 2026 · 05:36 PM [HONG KONG] Hong Kong’s Exchange Fund reported a record investment gain of HK$331 billion (US$42.4 billion) in 2025, helped by rising global markets. The fund delivered an investment gain of 8 per cent, according to the Hong Kong Monetary Authority (HKMA). Hong Kong stock holdings and overseas…
Read MoreStephen Colbert reveals date of his final ‘Late Show’ episode: ‘Not thrilled with it’
Soon-to-be former late-night host Stephen Colbert is set to give his final curtain call in just over four months — and he’s “not thrilled about it.” Colbert, 61, revealed Wednesday that the last episode of “The Late Show with Stephen Colbert” will air on May 21, ending an 11-year run on CBS. “It feels real,”…
Read MoreOCBC taps Citi to roll out securities lending for clients, following Maybank’s earlier move
This covers retail and corporate customers of OCBC Securities and clients of Bank of Singapore [SINGAPORE] OCBC has rolled out a securities lending programme that will allow customers to lend out their idle securities to institutional borrowers for fee income. The programme will use the Citi Securities Lending Access (CSLA) platform, which gives the local…
Read MoreAs the dollar dives, one of Asia-Pacific’s top-performing currencies is trouncing the Singdollar
The Australian dollar surged to its strongest position against the greenback in over two years [SINGAPORE] The US dollar (USD) skidded to a four-year low on Wednesday (Jan 28), sparking a broad currency realignment after comments from President Donald Trump accelerated a “Sell America” sentiment across global markets. “The [US Dollar Index] (DXY) slammed lower…
Read MoreIowa man stops Trump at restaurant with unexpected request before speech
President Donald Trump paused during a restaurant stop in Iowa after a patron asked if he could pray for him ahead of the president’s remarks near Des Moines. Video shared on X by White House aide Margo Martin shows the moment unfolding inside the Machine Shed restaurant, where a man from the crowd addressed Trump directly. “Can…
Read MoreASML reports big orders beat as AI drives chipmaker demand, to lay off 1,700
The orders beat comes as several of the chipmaker’s customers raise investment plans Published Wed, Jan 28, 2026 · 04:05 PM [AMSTERDAM] ASML reported stronger-than-expected bookings in the fourth quarter on Wednesday (Jan 28), with the world’s largest supplier of computer chip equipment receiving more orders as companies boosted investment in AI chipmaking capacity. Europe’s…
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