Posts by Liam Redmond
Car prices face US$3,000 increase as tariffs hit auto sector
PRESIDENT Donald Trump’s tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion US dollars in trade set to be disrupted. Trump on Saturday (Feb 1) followed through on his warning to impose 25 per cent tariffs on…
Read MoreUniCredit heats up Italy finance battle with new Generali stake
UNICREDIT has made a surprise new move in the fight to dominate the Italian financial system by unveiling a minority stake in Assicurazioni Generali. The Milan-based bank confirmed the purchase on Sunday (Feb 2), following earlier press reports. UniCredit emphasised that its 4.1 per cent stake in Generali is a “pure financial investment”, with no…
Read MoreStellantis managers to step down as part of shakeup
STELLANTIS is planning another shakeup of its management ranks as the automaker deepens its overhaul following the ouster of chief executive officer Carlos Tavares, according to sources familiar with the matter. Chief software officer Yves Bonnefont is stepping down from his role, said the sources, who asked not to be identified discussing internal matters. Linda…
Read MoreTransportation chief Duffy vows to add air traffic controllers, says department traded core mission for DEI
Transportation Secretary Sean Duffy on Sunday vowed to boost the number of air traffic controllers and again blamed DEI less than a week after the DC air disaster for distracting his agency from its core mission. Duffy, 53, acknowledged that it will take a few years before the new air traffic controllers get fully trained,while…
Read MoreInnoTek shifts gears to AI, EVs to capture industry changes
Already in China, Thailand and Vietnam, the company is mulling a move into Malaysia FACED with a changing disk drive industry more than 15 years ago, InnoTek – previously Magnecomp, a supplier of high-precision disk drive components – sold its core business to a big customer at a “good price”. It then focused on growing…
Read MoreCocoa prices swing as supply worries persist
THE cocoa industry is currently navigating a complex landscape marked by fluctuating prices, supply challenges, and evolving market dynamics. Recent developments have significantly influenced both current market conditions and future projections. The past year, cocoa prices surged nearly threefold, reaching about US$12,000 per tonne, an unprecedented rise driven by adverse weather conditions, crop diseases, and…
Read MorePrivate markets to draw more investor interest this year: survey
This follows the Fed’s move to start cutting interest rates last September, prompting some investors to shift their allocations away from equities MORE investment advisers are planning to allocate their clients’ assets in private markets this year, after a solid performance in 2024 whipped up appetite. Hamilton Lane, a global private markets investment management firm,…
Read MoreWhy Europe will power a big and beautiful 2025 for stocks
WHAT will 2025 bring for stocks? Haze clouded my view in January. Three 2025 outcomes seemed similarly likely: US and world stocks could repeat big, 20-plus per cent booms. Or dip a little. Or grind out low single-digit gains. But the haze lifted. Now, I foresee a brighter-than-feared 2025 – surprisingly, led by Europe. Here…
Read MoreSembcorp to miss 2025 target on green business profits, drops metric from 2028 strategy
Management will not receive compensation tied to this particular sustainability goal SEMBCORP Industries will miss one of its 2025 strategic targets of having 70 per cent of its net profit come from its sustainable solutions business, said the energy company in response to queries from The Business Times. This means that Sembcorp’s management will not…
Read MoreExclusive | 75% of Dems believe NYC is in crisis – and nearly half are ready to leave if things get worse: new poll
Likely Dem primary voters in the upcoming mayoral election overwhelmingly say New York City is in crisis — with nearly half saying that if things get any worse, they may leave, a dismal new survey shows. The pessimism is broad and deep. Eighty percent of the respondents say they are worried about the current level…
Read MoreReese Witherspoon slams ‘untrue’ claim that she and Kate Winslet had a ‘falling out’
Reese Witherspoon called out false allegations that she and Kate Winslet had a “falling out” following a “laser hair removal” joke at an award show. “Hey guys … just spoke to my very dear friend for years, Kate W,” the “Legally Blonde” star wrote via her Instagram Story Saturday alongside a headline highlighting their alleged…
Read MoreYour iPad Could Be Your Best Employee
Ever thought your iPad could be more than just a gadget for watching videos or playing games? Believe it or not, it could be your next best employee. With the right apps and a bit of know-how, your iPad can handle a lot of the tasks that keep your business running smoothly. From managing projects…
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