Posts by Liam Redmond
EU to yield on combustion engines ban after automaker pressure
It will be the union’s most significant climb-down from its green policies of the past five years [STRASBOURG, France] The European Commission is set to backtrack on the European Union’s planned ban on new combustion-engine cars from 2035, by allowing continued sales of some non-electric vehicles. This follows intense pressure from Germany, Italy and Europe’s…
Read MoreManulife US Reit unitholders agree to strategic pivot into non-office sectors
The shareholders approve two resolutions to support the Reit’s ‘Growth and Value Up’ plan [SINGAPORE] Unitholders of Manulife US Reit (MUST) have approved a broadened investment mandate for the real estate investment trust, allowing it to expand beyond the office sector and outside of the US. The Tuesday (Dec 16) vote passed with 83 per…
Read MoreSingapore stocks edge lower ahead of key US data; STI down 0.2%
[SINGAPORE] Singapore stocks ended lower on Tuesday (Dec 16), ahead of a slate of US economic data due later in the day. The benchmark Straits Times Index (STI) fell 0.2 per cent, or 9.44 points, to 4,579.73. The iEdge Singapore Next 50 Index slipped 0.1 per cent, or 1.11 points, to 1,434.88. Across the broader…
Read MoreObamas planned to meet with Rob Reiner and wife the night couple was killed
The Obamas were supposed to meet with director Rob Reiner and his wife, Michele, the night they were allegedly killed by their son, Nick Reiner, in their home in Los Angeles. “We were supposed to be seeing them that night — last night — and we got the news,” Michelle Obama said on “Jimmy Kimmel Live!”…
Read More‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets [LONDON] The non-bank financial sector’s share of global assets grew to 51 per cent, or US$256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board (FSB) said on Tuesday (Dec…
Read MoreStrange celebrity ‘naked Christmas tree’ trend sparks pushback: ‘Ornaments are a must’
As people all over the country prepare to travel to see loved ones this Christmas season, an unexpected obsession is driving home the “less is more” adage. It’s also dividing people. Stripped of decoration and free of clutter, the minimalist Christmas tree has become a hot trend on social media feeds, with bare trees lit by nothing…
Read MoreManspreading maniac punches NYC public school teacher in the face for simply sitting on subway
A manspreading maniac punched a 27-year-old New York City teacher in the face simply because she sat near him on a Bronx subway train — leaving her concussed and terrified to ride the rails again. The Manhattan public school teacher who hails from the Bronx and wished not to be identified was on board a…
Read More86-year-old fined $335 for littering — after spitting out leaf that blew into his mouth
This certainly leafed him with a bad taste in his mouth. An 86-year-old Englishman was hit with a preposterous fine for littering after two enforcement officers saw him spit out a leaf that had blown into his mouth. Roy Marsh had stopped for a rest while walking through a car park in the tourist town…
Read MoreMatt Rempe reveals he broke left thumb, underwent surgery after fight with Sharks’ Ryan Reaves
Matt Rempe confirmed he broke his left thumb in “many places” during his early season fight with the Sharks’ Ryan Reaves and had to undergo surgery to repair it. Coming off his return to the Rangers lineup Monday night against the Ducks, Rempe said it was a tough rehab process. He worked out in the…
Read More8 narco-terrorists killed in latest Eastern Pacific lethal kinetic strikes, SOUTHCOM says
The United States Southern Command announced Monday that the United States carried out “lethal” strikes on multiple vessels operated by designated terrorist organizations, killing at least eight narco-terrorists. “On Dec. 15, at the direction of @SecWar Pete Hegseth, Joint Task Force Southern Spear conducted lethal kinetic strikes on three vessels operated by Designated Terrorist Organizations in international…
Read MoreDBS, OCBC hit new records but UOB lags
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender [SINGAPORE] Shares of two local banks, DBS and OCBC , hit all-time highs on Tuesday (Dec 16), while UOB trailed its peers. Singapore’s largest lender, DBS, reached a new record of…
Read MoreStock investing in 2026 demands diversification, active approach amid AI boom, geopolitical risks
Markets across Asia are likely to benefit from recent Fed rate cuts as well as a weaker US dollar [SINGAPORE] Diversification and active management are likely to become more important for investors as artificial intelligence (AI) and geopolitics continue to shape the trajectory of global markets in 2026, analysts said. Whether the AI boom is…
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