Posts by Liam Redmond
BMW launches recall over potential fire hazard
Published Sat, Feb 28, 2026 · 10:45 AM [BERLIN] German premium carmaker BMW has launched a recall affecting hundreds of thousands of vehicles worldwide over a potential fire hazard, according to KBA, Germany’s motor vehicle authority. The authority said on its website that 337,374 vehicles of the i7, i5, 5, 7 and M5 series were…
Read MoreTrump Media considers spinning off Truth Social into public company, reports wider annual loss
Published Sat, Feb 28, 2026 · 09:44 AM TRUMP Media & Technology Group, founded by US President Donald Trump, is considering spinning off its social media platform Truth Social into a publicly traded company. The company is in discussions with TAE Technologies and Texas Ventures Acquisition III about the proposed transaction, the company said on…
Read MoreTrump directs US agencies to toss Anthropic’s AI as Pentagon calls startup a supply risk
Published Sat, Feb 28, 2026 · 09:08 AM [WASHINGTON] US President Donald Trump said on Friday he is directing the government to stop work with Anthropic and the Pentagon said it will declare the startup a supply-chain risk, dealing a major blow to the artificial intelligence lab after a showdown about technology guardrails. Trump added…
Read MoreOil prices rise more than 2% as US and Iran extend talks
Published Sat, Feb 28, 2026 · 08:14 AM [HOUSTON] Oil prices rose about 2 per cent on Friday with traders bracing for supply disruptions as nuclear talks between the United States and Iran had yet to reach an agreement. Brent crude futures settled at US$72.48 a barrel, up US$1.73, or 2.45 per cent. US West Texas Intermediate…
Read MoreEuropean shares close eighth month of gains on earnings lift; credit fears hit banks
Published Sat, Feb 28, 2026 · 08:09 AM EUROPEAN shares closed at a record high on Friday to log their eighth straight month of gains after better-than-expected corporate updates, while heavyweight banks tumbled amid credit and AI-disruption concerns. The pan-European Stoxx 600 ended 0.1 per cent higher at 633.85 points, taking its weekly gains to 0.5 per…
Read MoreTrump orders federal agencies to stop using Anthropic’s AI after clash with Pentagon
President Trump on Friday directed federal agencies to stop using technology from San Francisco artificial intelligence company Anthropic, escalating a high-profile clash between the AI startup and the Pentagon over safety. In a Friday post on the social media site Truth Social, Trump described the company as “radical left” and “woke.” “We don’t need it,…
Read MoreUS stocks: Wall Street notches monthly declines on combined AI, tariff, geopolitical uncertainty
Published Sat, Feb 28, 2026 · 07:40 AM [NEW YORK] Financial and tech stocks were hit hard by a handful of persistent investor worries on Friday, with US stocks suffering their largest monthly percentage declines in a year. All three major indexes ended decisively lower and posted steep weekly declines, with the blue-chip Dow logging its biggest weekly drop…
Read MoreStraits Trading H2 loss widens to S$208.4 million; dividend of S$0.08 a share proposed
[SINGAPORE] The Straits Trading Company’s net loss widened to S$208.4 million for its second half ended Dec 31, 2025, from S$12.5 million a year earlier, as it recorded a one-off charge and a net fair-value loss on investment properties. Revenue increased by 14 per cent year on year to S$355.8 million, the group’s financial results…
Read MoreLululemon founder Chip Wilson ramps up pressure on board amid proxy fight
Wilson’s campaign comes as the company’s shares have lost nearly half of their value over the past 12 months Published Fri, Feb 27, 2026 · 11:08 PM [VANCOUVER] Lululemon Athletica founder Chip Wilson stepped up his campaign for board and governance changes at the struggling athletic apparel maker on Friday (Feb 27), including replacing more…
Read MoreHSBC opens wealth centre at Singapore Land Tower amid premium pivot
[SINGAPORE] HSBC on Friday (Feb 27) announced the opening of its fourth and largest wealth centre in Singapore on the 33rd floor of the Singapore Land Tower. This comes as the bank is set to close its Raffles Place retail branch on Saturday, a move announced in January as it pivots towards affluent clients in…
Read MoreNestlé begins South Africa layoffs as part of global overhaul
Published Fri, Feb 27, 2026 · 09:50 PM [PRETORIA] Nestlé has begun issuing retrenchment notices to more than 400 employees in South Africa as part of a global overhaul that reorganises the company around four core divisions, according to people familiar with the matter. At least 100 employees have begun severance talks, the people said,…
Read MoreHotel Properties swings to H2 FY2025 loss of S$57.7 million, proposes dividend of S$0.04
It says that tourist arrivals grew in 2025, but that geopolitical, trade and interest-rate uncertainty could hurt the business environment [SINGAPORE] Hotel Properties Limited (HPL) on Friday (Feb 27) reported a net loss of S$57.7 million for H2 FY2025, reversing from a net profit of S$32.1 million the year prior. Revenue for the full year…
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