Posts by Liam Redmond
AI bets that fuelled Big Tech’s surge now threaten rich profits
[NEW YORK] Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fuelling concerns for profit margins and the risk that depreciation expenses will drag stocks down before companies can see investments pay off. “On a cash flow basis they’ve all stagnated because they’re all collectively making massive bets on…
Read More‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by abrupt layoff notice
[SINGAPORE] Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement went out. “It was unexpected – all my managers were also in shock, and they didn’t see it coming,” said a cabin crew member, who declined to be named. “Dropping the…
Read MoreAirAsia’s 100-jet Paris order pits Airbus A220 against Embraer
[PARIS] Low-cost carrier AirAsia is poised to order about 100 regional jets at the Paris Air Show next week, with the Malaysian airline still undecided between the Airbus A220 or Embraer’s E2, according to people familiar with the matter. Negotiations with the manufacturers are coming down to the wire, said the people, who asked not…
Read MoreSingaporean Man, 58, Sentenced to 31 years’ Jail for Drug Trafficking and Money Laundering; Avoids Death Penalty by 0.01g
A 58-year-old Singaporean man was sentenced to 31 years in prison for drug trafficking and drug money laundering offences, avoiding the death penalty by 0.01g. Mesnawi Dahri was arrested by the Central Narcotics Bureau (CNB) officers while in possession of not less than 14.99g of diamorphine, or “pure heroin”, for the purpose of trafficking. According…
Read MoreThe 8 best hybrid mattresses you can buy in 2025, tested and expert-recommended
New York Post may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you make a purchase. There are two types of people in the world: those who treat sleep like a sacred ritual, and those who are still waking up on a lumpy memory foam slab they bought during their…
Read MoreSMRT Files Police Report Over Viral Social Media Video Shot from MRT Tracks
SMRT, the train operator, has filed a police investigation after footage purportedly obtained from an MRT track circulated on social media beginning June 10. The video, which was shared on the Complaint Singapore Facebook page, was filmed under low-light conditions and shows a train going past on a nearby track. The individual recording the footage…
Read MoreSingapore: 46-Year-Old Man Arrested for Online Sale of Counterfeit Goods Worth S$141K
A 46-year-old man was arrested for his suspected involvement in the online sale of counterfeit goods. In a press release, the Singapore Police Force (SPF) revealed on Tuesday, June 10, that the officers from the Criminal Investigation Department conducted raids in the vicinity of Bukit Merah and Delta Avenue on June 6. The statement read,…
Read MoreTwo Women Arrested in Singapore for Loanshark Harassment Activities
Two women, aged 20 and 24, were arrested on Tuesday, June 10, for their suspected involvement in a case of loanshark harassment. The Singapore Police Force (SPF) issued a press release and said that they were informed about the case of loanshark harassment at a residential unit along Pasir Ris Street 21 on June 7…
Read MoreSingapore shares buck regional trend to close lower; STI falls 0.4%
[SINGAPORE] Local stocks fell for the second straight day on Wednesday (Jun 11), bucking the gains in most Asian markets as investors are concerned about the lack of details in the recently concluded US-China trade talks. While the world’s two largest economies agreed to a preliminary deal on how to implement the consensus reached in…
Read MoreMiranda Devine: Trump is the White House host with the most as he gives wide-ranging interview for our debut podcast
When you meet Donald Trump, the first thing you notice is his hospitality. He is a bountiful host who always wants to make visitors feel comfortable. He will quite literally offer you the food off his plate. He will endure constant bruises on the back of his hands from well-wishers showing their gratitude with vigorous…
Read MoreUS Army rolls out $13M smart rifle scopes that auto-target and take down enemy drones in combat
The US Army is giving its soldiers a high-tech edge in the fight against drones, and it’s called SMASH. During a live-fire training exercise on June 6 in Germany, a soldier with the 3rd Squadron, 2nd Cavalry Regiment used the SMASH 2000L smart scope mounted on an M4A1 rifle to target drones in the sky.…
Read MoreSouth-east Asia’s polymer production crisis worsens as US-China trade shift looms
[SINGAPORE] South-east Asia’s petrochemical industry is facing a double whammy of weakening export demands and potential import surges, as trade tensions could redirect US polymer to the region’s already-saturated market, sustaining pressure on production. Polyethylene (PE) and polypropylene (PP), as crucial downstream segments, are encountering “considerable challenges” in the region, noted commodity markets intelligence firm…
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