Posts by Liam Redmond
Reits are emerging as ‘powerful tools’ to fund rocketing data centre costs – Singapore benefits
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030 [SINGAPORE] Data centres are expensive to construct and operate, as they are also power-guzzling. Amid the artificial intelligence (AI) boom, as demand from hyperscalers for computing power drive up the need for data centre capacity,…
Read MoreTexas oil worker jailed in one of Mexico’s most violent prisons after mistakenly crossing border
A Texas oil field worker has been detained in one of Mexico’s most dangerous prisons for nine months after crossing the border in an “honest accident” — while his family pleads for his safe return. Caden Hawkins, 23, has been locked up on weapons charges at Cereso Estatal No. 3 in Juarez since March 2, when…
Read MoreSGX not exploring or considering bid for Cboe Australia
[SINGAPORE] Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review report. “The speculation reported in the AFR article and other media articles is inaccurate. SGX Group is not exploring or considering an acquisition of Cboe Australia,” a spokesperson for the exchange said. Cboe Australia earlier declined…
Read MoreMonkey that previously escaped from Mississippi truck now sheltered in NJ wildlife refuge
A monkey who spent several days on the lam after escaping from a truck that crashed on a rural Mississippi highway earlier this year now has a permanent home at a New Jersey wildlife refuge. Forrest, a young adult rhesus macaque, was among 21 monkeys being transported for biomedical research when the truck they were…
Read MoreMicron to exit consumer memory business amid global supply shortage
[BENGALURU] Memory chipmaker Micron Technology said on Wednesday (Dec 3) that it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence (AI) data centres amid a global supply shortage of the essential semiconductors. Shares of the company were down 2.6 per cent in afternoon trading. Micron’s move…
Read MoreIslanders rookie Cal Ritchie beginning to make impact at NHL level
The way Matthew Schaefer has upended the development curve has a way of making you forget what it usually looks like for a prospect to adjust to the NHL. Cal Ritchie’s first month with the Islanders is much closer to the norm. And lately, things have been falling into place for the 21-year-old. More ice…
Read MoreAsian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks [HONG KONG] Asian markets struggled to maintain their early momentum on Thursday (Dec 4), even after the latest batch of US data reinforced expectations that the US Federal Reserve will cut interest rates for a third successive time…
Read MoreRead the eerie messages scrawled on blackboard at Jeffrey Epstein’s private island
A blackboard inside Jeffrey Epstein’s infamous private island home was covered with a cryptic jumble of single words scrawled in white chalk — including a few eyebrow-raising messages possibly alluding to the pedophile’s sex trafficking ring, newly released images revealed. The photos were among a trove of “never-before-seen” content published by the Democrats on the…
Read MoreShip rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market [HONG KONG] Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output upend global supply lines. Daily…
Read MoreGiannis Antetokounmpo exits with calf strain in Bucks worry
In a day already filled with news and rumors surrounding Giannis Antetokounmpo, a tangible scare was added to the mix. The Bucks star left Wednesday night’s game against the Pistons in the first quarter with a right calf strain. Milwaukee said he will not be returning to the contest. Antetokounmpo made a nifty assist to…
Read MoreGold holds steady after weak US jobs data reinforce rate-cut bets
[BENGALURU] Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at the US Federal Reserve’s monetary policy meeting next week. Spot gold held its ground at US$4,207.56 per ounce, as at 9.04 am. US gold futures for…
Read MoreNYC congestion tolls STILL just a cash grab — can Trump kill it soon?
New Post reporting reveals the widely hated congestion-pricing scheme isn’t delivering on its promises; Let’s hope President Donald Trump can soon make good on his promise to kill it. The tech company TomTom reports traffic in the zone has dropped about 4% in the first third of the year, in contrast to Gov. Kathy Hochul’s…
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