Posts by Liam Redmond
Josh Hart’s All-Star game snub is a blessing in disguise
Josh Hart has been jonesing for some time off for weeks. If he was disappointed by not being named an All-Star reserve a few weeks ago, he’s done a fine job of hiding it. Like any player, he’d love to take part in the NBA All-Star Game. For Hart, the better option is almost surely…
Read MoreGlobalFoundries sinks into the red with US$730 million Q4 loss due to impairment charge
GLOBALFOUNDRIES, which operates a wafer plant in Singapore, sunk into the red with a net loss of US$730 million for its fourth quarter ended Dec 31, 2024, compared with a net profit of US$277 million in the previous corresponding period. The US chipmaker is listed on the Nasdaq exchange. In the fourth quarter, the semiconductor…
Read MoreEagles star CJ Gardner-Johnson’s mom fires back at Taylor Swift fans leaving fake, poor reviews on her restaurant
This Eagles’ mom isn’t letting anything fly with her. Delatron Johnson, the mother of Philadelphia Eagles safety CJ Gardner-Johnson, was amused by Kansas City Chiefs fans and Swifties who bombarded her Florida restaurant with fake, negative reviews following her son’s taunts directed at Travis Kelce Delatron first thought her Florida-based restaurant, The Kings Grill was broken into…
Read MoreChina’s record mergers in 57 trillion yuan small banking sector raise future risks
CHINA oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s efforts to tackle risks in the small banking sector could end up creating more problems down the road. Many of the roughly 4,000 small Chinese banks are backed by indebted provincial governments and…
Read MoreABS introduces digital tool for banks to verify trade financing documents
BANKS in the Republic can now better tackle trade finance fraud with a new automated digital tool that checks the authenticity of bills of lading – supporting documents commonly used to apply for trade financing – within the Association of Banks in Singapore’s (ABS) Trade Finance Registry (TFR). Currently, this verification process is manual, requiring…
Read MoreChina tightens rules on new copper smelters to curb overcapacity
China will also encourage copper smelters to sign long-term purchase agreements with global miners CHINA has tightened requirements for building new copper smelters, in its latest attempt to curb relentless capacity expansion in the world’s top producer of the refined metal. Companies building new copper smelters should control enough mine supply – via outright ownership…
Read MoreFirefighters battle inferno after reported explosion near Texas airport, 7 injured
More than half a dozen people were injured after a reported vehicle explosion ignited a large inferno Tuesday afternoon near El Paso International Airport. Just before 4 p.m., El Paso Fire Department posted on X confirming crews were responding to a condition 4 fire at the Sun Metro Transit Operations Center. More than 100 firefighters…
Read MoreBank Indonesia says liquidity measure will support government housing goal
Bank Indonesia has been using similar liquidity measures to spur credit growth since 2023 INDONESIA’S central bank said it will increase to 80 trillion rupiah (S$6.6 billion) the amount of liquidity freed up by reducing reserve requirements for banks that lend to the property sector, to support the government’s housing goal. Bank Indonesia (BI) has…
Read MoreAlibaba’s shares soar after investors buy iPhone AI hopes
ALIBABA Group Holding’s stock surged as much as 8.6 per cent after the Information reported that Apple is working with the e-commerce pioneer to roll out artificial intelligence (AI) features in China. The stock climbed its most since September after the tech outlet, citing one unidentified source, said Apple and Alibaba have submitted AI features…
Read MoreWrongfully detained US teacher Marc Fogel calls Trump a ‘hero’ during White House meeting after release from Russian prison
Pennsylvania teacher Marc Fogel called President Trump “a hero” Tuesday in his first remarks since the president’s administration secured his release from a Russian prison. “I want you to know that I am not a hero in this at all. And President Trump is a hero,” Fogel said after meeting Trump at the White House.…
Read MoreTrump’s crypto company launches strategic ‘token reserve’
WORLD Liberty Financial (WLF), the new crypto platform in which US President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies “that are at the forefront of reshaping global finance”. WLF said on Tuesday (Feb 11) that its new token reserve…
Read MoreBorder czar Tom Homan says he’s meeting with Eric Adams Thursday – will try to hammer out agreement on arresting, deporting illegal migrants
President Trump’s border czar Tom Homan revealed Tuesday that he will meet with Eric Adams later this week in an effort to secure a commitment from the New York City mayor to help round up and deport illegal criminal migrants. “I’m coming up there Thursday to meet with the mayor – either he comes to…
Read More