Posts by Liam Redmond
Indonesia says UAE’s Emirates Global Aluminium plans nuclear power plant
UAE firm Emirates Global Aluminium (EGA) plans to build a nuclear power plant with a capacity of up to five gigawatts in Indonesia, the Indonesian economic affairs ministry said in a statement issued on Wednesday (Feb 12). The ministry also said high electricity prices and a lack of low-carbon electricity had delayed plans for EGA…
Read MorePetition calling for Denmark to buy California secures more than 230K signatures as Trump eyes Greenland
More than 230,000 people have signed a tongue-in-cheek retaliatory petition calling for Denmark to purchase California in response to President Trump’s growing desire to acquire Greenland. The Denmarkification campaign pokes fun at Trump’s famous slogan — and his repeated calls to expand America’s territory — as it aims to raise “$1 trillion (give or take…
Read MoreSouth Korea’s tech exports lose growth momentum as risks rise
The outlook for chip sales is turning less optimistic this year as growth in shipments has slowed in recent months SOUTH Korea recorded a contraction in technology exports for the first time in more than a year after demand from China cratered during the Chinese New Year holiday, while concerns persist about the potential impact…
Read MoreSeatrium jumps 12.6% to S$2.59 after MOU with BP
SHARES of Seatrium surged on Thursday (Feb 13) after it announced its memorandum of understanding (MOU) with BP Exploration & Production, a subsidiary of multinational oil and gas company BP, to conduct engineering works on a floating production unit (FPU) in the Gulf of Mexico. At 1.20 pm after the midday trading break, the counter…
Read MoreChina’s coal plant boom is undercutting clean energy push
Long-term coal-power contracts are also reinforcing the fuel’s dominance at the expense of renewables CHINA embarked last year on its biggest coal-power building boom in a decade, reinforcing the role of the dirtiest fossil fuel in its energy mix even as it aims to transition to renewables. Nearly 95 gigawatts of new coal-fired generators started…
Read MoreJohnny Gaudreau’s legacy hovers of Team USA at 4 Nations: ‘He’s here in spirit’
MONTREAL — When Vincent Trocheck thinks of the late Johnny Gaudreau, the Rangers forward is transported back to when they were roommates playing for Team USA at the 2013 World Junior U20 Championships in Ufa, Russia. He remembers how Gaudreau lived on bread and Nutella for two weeks. How he needed to have “Friends” playing…
Read MoreRon Sim’s Osim overhauls product details after competition watchdog raises concerns
THE Competition and Consumer Commission of Singapore (CCCS) received a complaint in 2021 from a customer who purchased an Osim product and realised it was not suitable for use after opening the packaging and reading the manual. This was one of the concerns that the competition watchdog flagged on Thursday (Feb 13) over the transparency…
Read MoreOsim taken to task by competition watchdog over misleading discounts, product labelling
THE Competition and Consumer Commission of Singapore (CCCS) received a complaint in 2021 from a customer who purchased an Osim product and realised it was not suitable for use after opening the packaging and reading the manual. This was one of the concerns that the competition watchdog flagged on Thursday (Feb 13) over the transparency…
Read MoreGerrit Cole’s Bronx return comes with more questions than ever
TAMPA — Of course, it was all kumbaya. Naturally, the Yankees insist that they never wanted Gerrit Cole to go anywhere. And the righty claimed he never wanted to leave. You didn’t expect we would be dissecting a Cole press conference Wednesday like a Kendrick Lamar Super Bowl halftime performance to find the dissing Easter…
Read MoreSingapore shares open lower on Thursday; STI down 0.1%
SINGAPORE equities began Thursday (Feb 13) in negative territory, following mixed performance overnight in the US and Europe. As at 9.01 am, the Straits Times Index (STI) fell 4.98 points or 0.1 per cent to 3,869.64. Across the broader market, losers equalled gainers at 53 after 52.1 million securities worth S$57.8 million changed hands. Offshore…
Read MorePrudential considering listing of its Indian joint venture ICICI Prudential Asset Management
BRITISH insurer Prudential is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management, which will involve the partial sale of its shares. The transaction is subject to market conditions, requisite approvals and other considerations, said the Asia-focused insurer on Wednesday (Feb 12). If the deal goes through, net proceeds from…
Read MorePrudential mulls listing of its Indian joint venture ICICI Prudential Asset Management
BRITISH insurer Prudential is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management, which will involve the partial sale of its shares. The transaction is subject to market conditions, requisite approvals and other considerations, said the Asia-focused insurer on Wednesday (Feb 12). If the deal goes through, net proceeds from…
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