Posts by Liam Redmond
Google to invest up to US$40 billion in AI rival Anthropic
The investment comes just days after e-commerce giant Amazon says that it will invest up to US$25 billion in the startup Published Sat, Apr 25, 2026 · 11:18 AM [BENGALURU] Google-parent Alphabet will invest up to US$40 billion in Anthropic, as the tech giant deepens its partnership with the artificial intelligence startup that is also…
Read MoreBanks pour billions into AI, but most see no ROI. Here’s why
Some banks are applying AI within their private banking units and making revenue gains THE private banking divisions of banks have long struggled to serve customers other than ultra-high-net-worth individuals. Tasks such as portfolio research, client profiling, and compliance are simply too time-consuming to offer to any but the richest clients. This constraint has remained…
Read MoreUS government stake in Intel has jumped 300% to US$36 billion
Published Sat, Apr 25, 2026 · 10:10 AM [LONDON] The value of the US government stake in Intel has increased four times to hit a value of about US$36 billion after the chipmaker’s financial outlook showed a resurgence in sales. That’s the equivalent of an almost US$27 billion return on paper since Intel and the…
Read MoreAI chip surge elevates Taiwan, South Korea in global equity rankings
The tech-heavy Asian markets have shot past Germany and France in the past seven months Published Sat, Apr 25, 2026 · 09:45 AM [HONG KONG] The artificial intelligence boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now…
Read MoreTrump extends waiver allowing foreign ships to move goods between US ports
Published Sat, Apr 25, 2026 · 08:54 AM US PRESIDENT Donald Trump extended a waiver of a maritime law, contending that relaxing the rule had bolstered supply chains in the United States, a White House spokesperson said on Friday (Apr 24). Trump waived the law, known as the Jones Act, in March to help ensure…
Read MoreOil prices end volatile session mixed but up sharply for the week on supply worries
Published Sat, Apr 25, 2026 · 08:17 AM [NEW YORK/LONDON] Oil prices whipsawed in volatile trade on Friday (Apr 24), but were higher on the week, as traders weighed supply disruptions against the potential restart of peace talks between the US and Iran that could help limit those disruptions. Brent crude futures settled at US$105.33…
Read MoreS&P 500, Nasdaq close at records on tech lift, Iran peace talk hopes
Published Sat, Apr 25, 2026 · 07:32 AM [NEW YORK] The S&P 500 and Nasdaq closed at record highs on Friday (Apr 24), bolstered by optimism for possible negotiations between the US and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks. Pakistani government sources said…
Read MoreEuropean stocks fall as investors await word of Iran peace talks
US shares have also been supported by artificial intelligence-driven earnings momentum in technology stocks Published Sat, Apr 25, 2026 · 07:22 AM [PARIS] European stocks fell as investors tracked developments around potential US-Iran peace talks amid a continued stand-off in the Strait of Hormuz. The Stoxx Europe 600 Index was 0.6 per cent lower by…
Read MoreFu Yu shareholders question board credentials amid governance turmoil
Directors’ nationalities and seeming lack of experience with SGX-listed companies are among their concerns [SINGAPORE] Shareholders of components manufacturer Fu Yu Corporation have raised concerns over the credentials and composition of the company’s board of directors, in the lead-up to its annual general meeting (AGM) on Apr 30. The questions come amid a governance dispute…
Read MoreMeta inks multibillion-dollar deal to use Amazon chips for AI
The deal is the latest Big Tech tie-up as the industry scrambles to secure sufficient processors to power AI models Published Fri, Apr 24, 2026 · 10:11 PM [SAN FRANCISCO] Amazon.com and Meta Platforms have struck a multibillion-US dollar deal for the social-media giant to rent hundreds of thousands of Amazon’s general-purpose chips for its…
Read MoreS&P 500, Nasdaq open higher on fresh hopes of US-Iran talks
Published Fri, Apr 24, 2026 · 09:45 PM [NEW YORK] The S&P 500 and the Nasdaq Composite rose on Friday (Apr 24) as renewed hopes for US-Iran negotiations to end the war lifted sentiment, while a surge in Intel shares added further support. The Dow Jones Industrial Average rose 10.0 points, or 0.02 per cent,…
Read MoreP&G warns of US$1 billion profit hit in fiscal 2027 from higher oil prices
P&G joins a host of global companies flagging significant cost pressures from the war in Iran Published Fri, Apr 24, 2026 · 09:41 PM [WASHINGTON] US consumer goods giant Procter & Gamble on Friday (Apr 24) warned of a roughly US$1 billion hit to its fiscal 2027 profit from surging oil prices, joining a host…
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