Posts by Liam Redmond
Sydney flights disrupted by heavy rain and winds, flood alert raised
Published Tue, Jul 1, 2025 · 09:32 AM [SYDNEY] Strong winds and heavy rain led airlines to cancel many domestic flights from Sydney on Tuesday as Australia’s weather bureau warned an intense low-pressure weather system offshore could result in flash flooding in parts of the country’s southeast. Qantas Airways cancelled at least 11 domestic flights…
Read MoreGold rises on weaker US dollar as markets await Fed rate-cut clues
[BENGALURU] Gold prices rose on Tuesday (Jul 1), supported by a weaker US dollar, as investors awaited labour market data due later this week to assess the Federal Reserve’s potential rate-cut trajectory amid renewed calls from US President Donald Trump to lower rates. Spot gold was up 0.3 per cent at US$3,312.25 per ounce, as…
Read MoreGround stops at JFK, LGA and Newark cause thousands of flight delays at airports up and down the East Coast
Flights at several major airports along the East Coast were delayed after ground stops at all three of the New York metro area airports Monday afternoon sparked a travel disaster that stranded thousands from New York to Washington, DC. The Federal Aviation Administration first announced that flights at JFK International Airport would be grounded due…
Read MoreCircle applies for US trust bank license after bumper IPO
[NEW YORK] Stablecoin firm Circle is applying to create a national trust bank in the US, a major move after its blockbuster initial public offering (IPO) valued the company at nearly US$18 billion earlier this month. If the charter is granted by the US Office of the Comptroller of the Currency (OCC), it would enable…
Read MoreNissan seeks to delay supplier payments to free up cash, company emails show
[TOKYO] Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese automaker scrambles to boost cash. New CEO Ivan Espinosa, who took over in April, has unveiled plans to shed around 15 per…
Read MoreI fled NYC for Florida — Sorry, Mamdani-fearing Democrats, we’re full!
Since Zohran Mamdani won last week’s Democratic primary and put himself in pole position to become New York City’s next mayor, a fresh cohort of Gothamites seems to be eyeing the exit ramp toward the Sunshine State. This Floridian says: Sorry, we’re full. For more than five years now, Florida has been the top destination…
Read MoreZuckerberg debuts Meta ‘superintelligence’ group, more hires
[SAN FRANCISCO] Meta Platforms chief executive officer Mark Zuckerberg announced a major restructuring of the company’s artificial intelligence (AI) group, including a commitment to developing AI “superintelligence”, or systems that can complete tasks as well as or even better than humans. Zuckerberg wrote on Monday (Jun 30) to employees that Meta’s AI efforts will fall…
Read MoreApple weighs using Anthropic or OpenAI to power Siri in major reversal
[LOS ANGELES] Apple is considering using artificial intelligence (AI) technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining its own in-house models in a potentially blockbuster move aimed at turning around its flailing AI effort. The iPhone maker has talked with both companies about using their large language models (LLMs)…
Read MoreTrump ramps up pressure on Fed Chair Powell to cut rates in handwritten note: ‘You have cost the USA a fortune’
President Trump on Monday lobbed another broadside at Fed Chair Jerome Powell in an invective-laced note scrawled on a list of central bank interest rates around the world — accusing him of costing “the USA a fortune.” “Jerome, you are, as usual, ‘too late.’ You have cost the USA a fortune and continue to do…
Read MoreApple loses bid to dismiss major US antitrust case
[WASHINGTON] A federal judge on Monday denied Apple’s motion to dismiss a major antitrust lawsuit brought by the US government, allowing the case challenging the tech giant’s alleged smartphone monopoly to move forward. District Judge Julien Neals of New Jersey ruled that the government had adequately demonstrated that Apple maintains monopoly power in smartphone markets…
Read MoreRobinhood launches tokens allowing EU users to trade in US stocks
[BENGALURU] Robinhood said on Monday (Jun 30) it has launched tokens that will allow its customers in the European Union to trade more than 200 US stocks and exchange-traded funds, including Nvidia, Apple and Microsoft. The commission-free tokens can be traded around the clock, five days a week. Robinhood also plans to offer tokens linked…
Read MoreOil edges down on easing Middle East risks but gains for a second month
[HOUSTON] Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible Opec+ output increase in August. Both Brent and US crude oil benchmarks posted their biggest weekly declines since March 2023 last week but rose for the second consecutive month, gaining around 6 per cent and 7 per cent respectively. Brent futures settled…
Read More