Posts by Liam Redmond
EY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist
EY AUSTRALIA is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for “particular circumstances” in the near term, the accounting major said on Wednesday. In an emailed response to Reuters, a spokesperson for EY Australia said the firm “started this year expecting a market rebound…
Read MoreBanged-up Karl-Anthony Towns may not play for Knicks vs. 76ers
Karl-Anthony Towns practiced Tuesday after leaving Sunday’s game briefly against Boston and said he would see how his knee felt Wednesday before determining whether he’d play against the 76ers at Madison Square Garden. Towns was listed as questionable on the injury report, while Josh Hart also practiced Tuesday and Tom Thibodeau expected him to be…
Read MoreWar on democracy: JD Vance was right to rip into Europe’s muzzling the voice of the people
The fight Vice President JD Vance recently picked with our European allies concerned much more than free speech. It’s about two colliding visions of society and two contradictory forms of democracy, emerging out of the global struggle between the public and the institutional elites. On Feb. 14, Vance addressed European leaders gathered at the Munich…
Read MoreBattle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive chairman Kwek Leng Beng publicly criticising his son Sherman Kwek, who is CDL’s group chief executive. The older Kwek said he has filed court papers on Feb 26 to deal with the “attempted…
Read MoreKwek Leng Beng moves to sack son and CDL CEO Sherman Kwek; files lawsuit over ‘attempted coup’
A BATTLE for control has emerged within property giant City Developments Limited (CDL) between executive chairman Kwek Leng Beng and his son Sherman Kwek, who is the group chief executive officer. In a statement on Wednesday (Feb 26), the older Kwek said he has filed court papers on Tuesday to deal with the “attempted coup”…
Read MoreMichael Moore says deported migrants could have cured cancer, stopped ‘asteroid that’s gonna hit us in 2032’
Progressive filmmaker and activist Michael Moore on Tuesday wrote a lengthy blog post warning that by deporting illegal immigrants, America may be missing out on the next equivalent of Apple co-founder Steve Jobs or one that will save the world from a killer asteroid. Moore’s piece, “Our Muslim Boy Wonder,” used Jobs’ origins as the…
Read MoreBP to unveil strategy shakeup amid energy transition
BRITISH energy giant BP is set on Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy. A much anticipated presentation to investors gathered in London comes after BP earlier this month pledged to “fundamentally reset” following a 97-per cent slump to its net profit…
Read MoreThe unravelling of Hour Glass co-founder Jannie Chan’s fortunes
FETED at high-society events and billed as a poster girl for female entrepreneurship, Jannie Chan – erstwhile known as Jannie Tay – once graced pages of Tatler and The Peak. But these days, the cofounder of The Hour Glass is making headlines for other reasons. After numerous court appearances over personal and business matters, Chan…
Read MoreGold recoups from one-week low as tariff uncertainty weighs on risk appetite
GOLD prices climbed on Wednesday (Feb 26), recovering from a one-week low touched in the previous session, as uncertainties stemming from US President Donald Trump’s tariff plans dampened risk appetite and boosted demand for safe-haven bullion. Spot gold was up 0.3 per cent at US$2,925.05 an ounce, as at 0041 GMT. Prices dropped more than…
Read MoreAshley St. Clair claims Elon Musk ‘can’t be counted on’ to act like a father amid paternity dispute
Ashley St. Clair slammed Elon Musk as an absent father after she filed a paternity lawsuit against the tech billionaire and requested full custody of their alleged child. “This has never been about money for Ashley,” a spokesperson for the “Elephants Are Not Birds (Freedom Island)” author told People Tuesday. “This is about protecting the…
Read MoreCDL calls for trading halt as it cancels results briefing
City Developments Limited (CDL) announced on Wednesday (Feb 26) morning that it is canceling its results briefing that was scheduled to be held on the same day, pending announcements. That was to be at 10 am on Wednesday for both the media, as well as analysts. The company also issued a bourse filing shortly after…
Read MoreChina must cut 15% of steel capacity to meet 2025 climate goals
CHINA needs to tackle its steel glut by cutting 15 per cent of capacity this year, if mills are to meet their 2025 climate goals and return to profitability, according to clean energy analysts. To get back on track, the country’s annual blast furnace capacity has to shrink by at least 200 million tonnes from…
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