Posts by Liam Redmond
India oil law revamp unlikely to draw foreign drillers amid red tape and weak incentives
[SINGAPORE] India’s first rewrite of its 77-year-old oilfield rules kicked in on Apr 15, with New Delhi hoping it’ll help turn around a decade of sluggish output and and ease its growing reliance on imported crude, which stands at over 85 per cent. But analysts say there’s still too much red tape in a system…
Read MoreBrad Pitt’s $5.5M LA mansion ‘ransacked’ by burglars
Brad Pitt’s Los Feliz home was burglarized. Page Six confirmed Thursday that a police investigation is underway after the “F1” star’s home in the Los Angeles enclave was targeted by thieves. An LAPD spokesperson told us the actor’s $5.5 million mansion was “ransacked” at 10:30 p.m. on Wednesday evening, though they did not confirm the…
Read MoreNike profits sink but company says it is turning a corner
[NEW YORK] Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases to defray tariff costs. The Oregon-based sportswear company, beset with oversupply of merchandise that fell flat with consumers, reported profits of US$211 million in its fiscal…
Read More‘Long overdue’: Experts welcome advisory against private-sector use of NRIC numbers for authentication
[SINGAPORE] Urging the private sector to stop using NRIC numbers for authentication is a timely and pragmatic move to strengthen data security, industry players told The Business Times. On Thursday (Jun 26), the government released an advisory telling private-sector organisations to move away from using full or partial National Registration Identity Card numbers to authenticate…
Read MoreDecision on naming next Fed chair not ‘imminent’: White House
[WASHINGTON] The White House said on Thursday no decision is imminent on naming a successor to Federal Reserve Chairman Jerome Powell, after a report suggested the president could do so this summer. “No decisions are imminent, although the president has the right to change his mind,” a White House official told AFP. “The president has…
Read MoreSuper Bowl LIX halftime performer allegedly shot at by Antonio Brown arrested over ‘Free Gaza’ flag protest during show
Louisiana police arrested a performer from the Super Bowl LIX halftime show who they said held up a flag stating “Sudan and Free Gaza” during Kendrick’s Lamar performance. New Orleans resident Zul-Qarnain Kwame Nantambu, 41, voluntarily turned himself over to authorities after a warrant was issued for his arrest following a four month investigation, state…
Read MoreEurope: Stocks muted as investors gauge US interest rate outlook
EUROPEAN stocks seesawed throughout Thursday before closing largely flat, as investors weighed the latest signals on the US interest rate trajectory. The pan-European Stoxx 600 index closed up 0.09 per cent at 537.48 points. Other regional indexes also followed suit with similar moves, with only Germany’s DAX up 0.6%. Federal Reserve Chair Jerome Powell suggested in his…
Read MoreAvoiding Stupid People and Becoming a Finisher
We all have the power to make choices in life. We can choose to be stupid or we can choose to be smart. But one piece of advice I’ve found invaluable throughout my entrepreneurial journey is simple: avoid stupid people. This might sound harsh, but the reality is that the people we surround ourselves with…
Read MoreHere’s every star-studded cameo in ‘The Bear’ Season 4
“The Bear” is back with more star power than ever. The hit Hulu series returned for Season 4 on Wednesday and cooked up a delicious menu of cameo appearances. The famous faces joining Jeremy Allen White, Ayo Edebiri and Ebon Moss Bachrach this season include a mix of returning favorites and exciting newcomers. Jeremy Allen…
Read MoreEx-Barclays CEO fails to scrap City of London ban over Epstein ties.
Former Barclays CEO Jes Staley failed on Thursday to skirt a lifelong banishment from the UK banking industry over his ties to Jeffrey Epstein — with a judge ruling the ban was an “inevitable consequence” of his association with the dead pedophile. A UK tribunal upheld the decision by Britain’s top regulator, the Financial Conduct…
Read MoreGov. Hochul says she’s not ready to back Zohran Mamdani for NYC mayor yet — slamming his plan to tax the rich
Wait a Mam-oment. Gov. Kathy Hochul isn’t ready to endorse socialist Zohran Mamdani’s mayoral run yet, she said Thursday – as she slammed his plans to raise taxes on the rich. “I’m focused on affordability and raising taxes on anyone does not accomplish that,” she told reporters during an event at LaGuardia Airport. Kathy Hochul said…
Read MoreLinet Vartanians: Wife of Iranian Illegal Immigrant Threatened to Shoot ICE Agents When They Reached Her Home to Arrest Husband
The wife of an Iranian illegal immigrant allegedly threatened to shoot ICE agents in the head when they showed up at the couple’s Arizona home to arrest her husband, Mehrzad Asadi Eidivand, who had been ignoring a deportation order for over ten years. Linet Vartanians, 37, is accused of threatening federal agents that she had…
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