Posts by Liam Redmond
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift into more lucrative areas such as powering AI data centres. The Osaka-based company, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla, will restructure or streamline businesses with low…
Read MoreUpstate NY trial begins for radical accused of stabbing ‘Satanic Verses’ author Salman Rushdie
The attempted murder trial of the radical who allegedly repeatedly stabbed writer Salman Rushdie at an upstate New York event two years ago is finally set to start Tuesday. The twice-delayed proceedings are scheduled to begin with jury selection at 9:30 a.m. at the Chautauqua County Courthouse. Prosecutors said Rushdie, the author of “Satanic Verses,”…
Read MoreConvening EGM is ‘waste of money’: Sabana Reit internalisation committee
THE internalisation committee and incoming directors of Sabana Industrial Real Estate Investment Trust (Sabana Reit) said on Monday (Feb 3) that they intend to vote against all the resolutions in the extraordinary general meeting (EGM) requisitioned on Jan 17. They also urged unitholders to vote against the requisitioned resolutions, which include a proposal for the…
Read MoreTrump and Netanyahu set for pivotal talks on Middle East agenda
When Benjamin Netanyahu meets US President Donald Trump on Tuesday, the Israeli prime minister is expected to try to turn the page on sometimes tense relations with the Biden White House as the two leaders address the future of the Gaza ceasefire and ways to counter Iran. But Netanyahu, the first foreign leader to be…
Read MoreUBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its former rival. Global headcount stood at 108,648 at the end of last year, UBS said on Tuesday (Feb 4). That’s down from a peak of 119,100 at the end of June 2023,…
Read MoreTariffs could deal US$200 million blow to Guinness-owner Diageo in second half
GUINNESS-owner Diageo estimates its operating profit could be dented by roughly US$200 million if US tariffs on Mexico and Canada are implemented in March, its finance chief Nik Jhangiani said on Tuesday (Feb 4), adding it had strategies to offset the impact. The world’s leading spirits maker generates around 45 per cent of sales in…
Read MoreGuinness-owner Diageo scraps medium-term goals as tariffs cloud outlook
GUINNESS-owner Diageo withdrew its ambitious sales growth target on Tuesday (Feb 4), in an acknowledgement a prolonged downturn in demand and uncertainty over US President Donald Trump’s tariffs require the spirits sector to make big adjustments. While investors welcomed the removal of targets they regarded as increasingly unrealistic, shares in the world’s largest spirits maker…
Read MoreNintendo cuts outlook for final months before Switch 2 debut
Nintendo revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking forward to the release of its next-generation console. The Kyoto-based company now expects 280 billion yen (S$2.44 billion) in operating income in the fiscal year to March, slashing more than a fifth from its prior forecast.…
Read MoreRussian attacks near Ukrainian nuclear infrastructure heighten scrutiny of Kyiv’s preparedness
Moscow’s renewed attacks on Ukraine’s electricity infrastructure this winter have heightened scrutiny over the Ukrainian Energy Ministry’s failure to protect the country’s most critical energy facilities near nuclear power sites. Despite more than a year of warnings that the sites were vulnerable to potential Russian attacks, the Energy Ministry failed to act swiftly, current and former Ukrainian…
Read MoreTemasek and CenterSquare launch US$100 million commercial real estate debt co-investment vehicle
The portfolio continues a strategy across the global real state investment manager’s debt fund series TEMASEK and CenterSquare Investment Management have launched a US$100 million commercial real estate debt co-investment vehicle that will invest in commercial real estate loans. Once fully funded, the vehicle will have US$200 million to deploy and will invest in high-quality…
Read MoreDear Abby: My son beat addiction and now behaves like a pompous jerk
DEAR ABBY: I received a Facebook message from my first cousin. In it, she apologized for not communicating for the past 10 months. It ended with, “Send me your address so I can send you a birth announcement.” Abby, I wasn’t even aware that she had been pregnant. I contacted her father, who said the…
Read MoreGIC makes senior leadership changes, appoints new CIO
Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm Source link
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