Posts by Liam Redmond
From Amazon to DBS: AI is driving thousands of layoffs worldwide
Global banks alone will cut as many as 200,000 jobs in the next three to five years [SINGAPORE] The global march of artificial intelligence (AI) continues, and in its shadow, hundreds of thousands of jobs have or will be axed by corporations. Among the latest major corporations to shed staff is US tech company IBM,…
Read MoreFrom Amazon to DBS: AI is driving thousands of job cuts worldwide
Global banks alone will cut as many as 200,000 jobs in the next three to five years [SINGAPORE] The global march of artificial intelligence (AI) continues, and in its shadow, hundreds of thousands of jobs have or will be axed by corporations. Among the latest major corporations to shed staff is US tech company IBM,…
Read MoreTrans-Cab, Geolah receive full ride-hail licences from LTA
LTA has upgraded their provisional licences for point-to-point transport services [SINGAPORE] Transport operators Trans-Cab and Geolah on Monday (Dec 22) received full ride-hail service operator licences, having held provisional licences for point-to-point transport services since 2024. The new licences will be valid for three years, compared to the one-year validity of the provisional ones, said…
Read MoreOil prices gain on US interception of oil tanker off the coast of Venezuela over weekend
OIL prices climbed in early trade on Monday after the US intercepted an oil tanker off the coast of Venezuela in international waters. Brent crude futures rose 44 cents, or 0.73 per cent, to US$60.91 per barrel by 0141 GMT, while US West Texas Intermediate (WTI) crude rose 40 cents, or 0.71 per cent, to…
Read MoreOil prices gain on US interception of Venezuelan oil tanker over weekend
OIL prices climbed in early trade on Monday after the US intercepted a Venezuelan oil tanker over the weekend. Brent crude futures rose 44 cents, or 0.73 per cent, to US$60.91 per barrel by 0141 GMT, while US West Texas Intermediate (WTI) crude rose 40 cents, or 0.71 per cent, to US$56.92. The US Coast Guard is also…
Read MorePete Davidson shows off tattoo removal journey in shirtless photo with newborn daughter
Pete Davidson’s tattoos appeared dramatically faded in a new shirtless pic of the comedian holding his newborn daughter. Davidson’s girlfriend, Elsie Hewitt, shared the photo of him holding their daughter, Scottie, on Sunday. Davidson enjoyed skin-to-skin contact with his baby girl, gently cradling her while she was swaddled in a blanket. The “Saturday Night Live”…
Read MoreGold smashes past US$4,400, silver hits record as rate cut bets fuel rally
Bullion has surged nearly 68% this year, marking its biggest annual rise since 1979 [BENGALURU] Gold crossed the US$4,400-per-ounce level for the first time on Monday (Dec 22), propelled by expectations of US rate cuts and continued safe-haven buying, while silver followed suit, soaring to a new record high. Spot gold climbed 1.7 per cent…
Read MoreGold, silver hit record highs on Fed rate-cut bets
[BENGALURU] Gold and silver hit record highs on Monday (Dec 22) as softer US labour data and a tame inflation reading fuelled bets the Federal Reserve will cut interest rates in January. Spot gold climbed 1 per cent to an all-time high at US$4,384.50 an ounce (oz) by 10.03 am. US gold futures added 0.7…
Read MoreChina consumer shares hit record losing streak on weak demand
[BEIJING] Chinese consumer stocks are headed for their longest-ever stretch of annual underperformance, and analysts expect the trajectory to continue amid a sluggish economy and policy uncertainty. A gauge of onshore consumer staples shares is poised to trail the benchmark CSI 300 for a third straight year. The worst retail sales outside the Covid-19 era…
Read MoreCNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia
[SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to an intraday low of S$1.01 seconds after market open, having previously closed at S$1.09, but later pared most of the losses to…
Read MoreCNMC Goldmine shares fall 7.3% on extra tax, penalty in Malaysia
A Malaysian unit of CNMC Goldmine is facing additional income tax and a penalty worth RM29.6 million [SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to as low as S$1.01 seconds…
Read MoreYale professor’s father charged in mother’s decades-old murder, says he ‘used me as bait’: report
A Yale professor is speaking publicly for the first time since her 81-year-old father was arrested in connection with the 1982 killing of her mother, a case that remained unsolved for more than four decades. According to a Nov. 24 press release from the Foster City Police Department in California, Patrick Galvani was taken into custody in San…
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