Posts by Liam Redmond
Ant Group’s profit rises with Jack Ma back in the public eye
ANT Group’s quarterly profit surged more than 50-fold after it benefited from an investment gain, a major boon for the Chinese fintech giant founded by Jack Ma. The Hangzhou-based online finance firm contributed nearly 4.49 billion yuan (S$828 million) of profit to Alibaba Group Holding. Considering Alibaba’s one-third stake in Ant, that translates to an…
Read MoreUOL unit, partner win tender for residential site in Shanghai
A UNIT of property developer UOL Group, together with an industry partner, has won a nine billion yuan (S$1.7 billion) tender for a residential site in the Hongkou district of Shanghai, China. Qin Rui Jia (Shanghai) Realty Co (QRJ), an indirect subsidiary of UOL, teamed up with China Jinmao Holdings Group on a 10:90 basis…
Read MoreIt’s time for the NHL to end league’s nonsensical participation trophy era
Only the NHL gives out participation trophies by awarding points to losers. It is akin to tee ball, it is akin to rec house league hockey for mites when the score is extraneous. Source link
Read MoreUkraine planted explosives in Russian drone pilots’ virtual reality goggles in operation out of Mossad playbook
KYIV — Ukrainian intelligence operators took a page out of Mossad’s playbook, planting explosive devices in Russian virtual reality goggles earlier this month that exploded in the eyes of Moscow’s drone pilots, The Post can reveal. “The Russian occupation forces have experienced a series of explosions of goggles for FPV drones during their use by pilots,”…
Read MoreGenting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in the corresponding year-ago period. The decline comes as half-year revenue slid 12 per cent year on year to S$1.2 billion, from S$1.3 billion. In its bourse filing on Thursday…
Read MoreTikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to better align operations to long-term growth plans, The Straits Times has learnt. Letters went out to employees in its trust and safety department on Thursday (Feb 20) to inform them about the…
Read MoreTrans runner who defeated 12-year-old girl defends biological men in women’s sports
Nathanielle Morin, Canadian advisor to the Federal Minister of Women, released a statement this week defending the advisor’s participation in women’s marathons and other running competitions as a transgender biological male. Morin referenced President Donald Trump’s recent executive order that prevents trans athletes from competing in women’s and girls’ sports in the statement. “I am…
Read MoreIgor Shesterkin practicing again and his Rangers return is imminent
Igor Shesterkin took a positive step forward in his rehab from an upper-body injury. The star Rangers goalie returned to practice on Wednesday, his first since he presumably sustained the injury during the team’s 3-2 loss to the Penguins on Feb. 7. Shesterkin did not practice on Tuesday during the team’s first session for players…
Read MoreSingapore’s Abaxx Exchange plans gold futures as metal surges
SINGAPORE’S Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders grapple with disruptions in key bullion hubs and increased haven demand. The contracts – which will be physically deliverable in the South-east Asian city-state – will seek to connect futures and physical markets in…
Read MoreGrowth in global private equity deal flow may be slower than expected this year: Preqin
INVESTORS forecasting a quick uptake in global private equity (PE) activity this year may be disappointed, especially if the gap in pricing expectations between buyers and sellers persists, said a report by data platform Preqin. “Dry powder continues to accumulate to record levels in absolute terms, which creates ready buyers on the demand side; however,…
Read MoreAirbus sets modest 2025 jet delivery goal amid supply snags
AIRBUS struck a cautious note for this year, with an aircraft delivery target that’s at the low end of analysts’ estimates while trade tensions and an ailing space business also cloud its outlook. The European planemaker is targeting about 820 handovers for 2025, it said on Thursday (Feb 20) as Airbus reported annual results. That…
Read MoreClay Holmes to start Mets’ spring training opener: ‘great spot’
PORT ST. LUCIE — Clay Holmes is set to start opening day — of the Grapefruit League season. The Mets right-hander, who is lengthening as a starter after spending most of his career in the bullpen, is scheduled for three ups (meaning at least pitching into the third inning) on Saturday against the Astros at…
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