Posts by Liam Redmond
McKinsey 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…
Read MoreChina likely to bid on building new Panama Canal ports
The Panama Canal Authority plans to award contracts for the two terminals in late 2026 and begin operations in 2029 [PANAMA CITY] China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said on Tuesday (Nov 25), despite US talk of retaking control of the vital trade…
Read MoreEmpowering New Yorkers through affordability
Other cities have patios and porches, but for many New Yorkers a front stoop is the best place to relax, chat, and watch the city go by. It’s literally where many New Yorkers’ homes begin, the gateway to where they make their plans and raise their kids, and affordability is always top of mind. That’s…
Read MoreGeorgia mother accused of killing two newborn children 3 years apart
A Georgia mother allegedly killed her two newborn sons in separate incidents over three years apart from each other, according to authorities. Dakota Taylor, 21, was arrested on Thursday and charged with malice murder, felony murder, and cruelty to children in the first degree, according to the Georgia Bureau of Investigation. Dakota Taylor, 21, allegedly…
Read MoreEx-Sirens forward Abby Roque has big night in Victoire’s blowout win over New York
LAVAL, Quebec — Marie-Philip Poulin had a goal and an assist to become the first PWHL player to reach 50 career points, Abby Roque scored and added two assists against her former team, and the Montreal Victoire shut out the New York Sirens 4-0 on Tuesday night. Ann-Renée Desbiens stopped 33 shots and Natalie Mlynkova…
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