Posts by Liam Redmond
Snapchat is nearing 1 billion monthly users. Why can’t it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone that few social media platforms achieve: reaching 1 billion monthly users. But Snap, the Santa Monica company behind the app, faces a crucial test. The 14-year-old tech company is still losing money and…
Read MoreThe surprising role of the offensive line in Giants’ tailspin — and what’s next for them
It must be the offensive line, right? It must be that position group once again screwing everything up on that side of the ball. It must be the continued failings of the line that compromised the play of whichever quarterback the Giants put out there. It must be the lousy pass protection that ruined the…
Read MoreHong Kong high rise fire kills four as blaze rips through multiple towers in Tai Po
Four people have died after a massive fire engulfed multiple high-rise towers of a residential complex in Hong Kong’s northern Tai Po district on Wednesday, with thick grey smoke billowing out as emergency services battled to subdue the blaze. Several people remain trapped inside the burning towers, public broadcaster RTHK reported, citing police, while two people are in critical condition having suffered severe…
Read MoreSingapore stocks track Wall Street gains; STI up 0.4%
Across the broader market, gainers outnumber losers 280 to 258, after 1.3 billion securities worth S$1.3 billion change hands [SINGAPORE] Singapore stocks ended higher on Wednesday (Nov 26), tracking overnight gains on Wall Street. The benchmark Straits Times Index (STI) gained 0.4 per cent or 15.93 points to finish at 4,501.56. The iEdge Singapore Next…
Read MoreMcKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years [SINGAPORE] McKinsey & Co cut about 200 global tech jobs in the past week as the consulting firm joins rivals in using artificial intelligence to automate some positions. The company is not ruling out additional reductions across different functions…
Read MoreMOH orders Cordlife to stop collecting new cord blood in fresh blow to company
[SINGAPORE] Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or storing new cord blood, effective Wednesday (Nov 26). This means that the group has been suspended from collecting new cord blood units (CBUs). Cordlife will only be permitted to store existing CBUs, while performing limited…
Read MoreHiew Yoon Khong’s exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree Investments for over 22 years – a tenure at the top which far exceeds that of DBS’ much-lauded Piyush Gupta, who left his post in late…
Read MoreNavy sailor dies after rescuing 2 children from high surf in Hawaii waters
A Florida sailor stationed in Hawaii died after heroically rescuing two children in Waiapua‘a Bay. Master-at-Arms 1st Class Jeffrey Diaz, 47, of Florida, died Saturday, according to a news release from the Kaua‘i Police Department (KPD). Diaz, who was stationed at the Pacific Missile Range Facility in Barking Sands, jumped into the water to rescue two children who…
Read MoreWhite House Press Secretary Karoline Leavitt’s ‘criminal illegal alien’ relative detained by ICE
A relative of White House Press Secretary Karoline Leavitt was detained by federal immigration officials in Massachusetts, according to a report. Bruna Caroline Ferreira, “a criminal illegal alien from Brazil,” was taken into custody in Revere, Mass., after allegedly overstaying her tourist visa that expired in June 1999, a Department of Homeland Security spokesperson told…
Read MoreSoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut [TOKYO] Growing unease over frothy artificial intelligence valuations is weighing on shares of SoftBank Group, which traders increasingly view as a proxy for privately-held OpenAI. The Japanese tech investor sits at the forefront of a global AI sell-off…
Read MoreJapan’s Nikkei surges after Wall Street’s gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects of an interest rate cut in December. The Nikkei closed 1.9 per cent higher at 49,559.07, while the broader Topix gained 2 per cent. Wall Street…
Read MoreSurgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore [SINGAPORE] Medical imaging and surgery technology firm UltraGreen.ai is seeking a listing on the mainboard of the Singapore Exchange (SGX), after it registered its prospectus with the Monetary Authority of Singapore on Wednesday…
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