Posts by Liam Redmond
Salesforce to buy Informatica for US$8 billion to bolster AI data tools
[NEW YORK] Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence (AI) market. The cloud software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing…
Read MoreUS solar makers see tariff loophole for Asian competitors
Companies including Hanwha Q Cells and First Solar have blamed a surge of discounted imports from South-east Asia for making it difficult to build and sell equipment domestically Published Wed, May 28, 2025 · 07:50 AM [SAN FRANCISCO] US solar manufacturers are asking the US International Trade Commission to quickly address a potential tariff loophole…
Read MoreGM to invest US$888 million for engine production at New York facility
Published Wed, May 28, 2025 · 07:39 AM [DETROIT] General Motors is investing US$888 million at a New York propulsion plant to increase engine production and build a next-generation V8, the company said on Tuesday. The investment at the Tonawanda propulsion plant in Buffalo, New York, first reported by Reuters, is a shift from a…
Read MoreExclusive | Ritchie Torres urges Capitol Police to probe baby-faced, anti-Israel social media star who urged support for terror suspect
Bronx Rep. Ritchie Torres urged the Capitol Police to investigate alleged threats from a baby-faced anti-Israel activist who urged support for the gunman accused of killing two Israel Embassy staffers in DC. Guy Christensen, the Keffiyeh wearing 19-year-old from Pennsylvania who uses the handle “YourFavoriteGuy,” posted a three-minute video rant on X May 22 trashing…
Read MoreTSMC to open chip design centre in Munich, could later support AI development
[AMSTERDAM] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, said on Tuesday (May 27) it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence (AI). President of TSMC Europe, Paul de Bot, said at the…
Read MoreDrawing secondary listings to SGX may not move the needle much, but every little bit helps
AMONG the recent slew of proposals unveiled to boost the attractiveness of the local bourse to investors and companies was one relating to secondary listings. The Monetary Authority of Singapore (MAS) proposes aligning disclosure requirements with baseline international disclosure standards, which are already commonly adopted by most established markets, including Singapore. Specifically, these include the…
Read MoreApple to debut dedicated gaming app within days of Switch 2’s arrival
[LOS ANGELES] Apple is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it’s a leader in the market. The company will preinstall the app on the iPhone, iPad, Mac and Apple TV set-top box later this year, according to sources with knowledge of…
Read MoreEurope: Shares gain on defence boost, tariff delay aids sentiment
EUROPEAN shares closed higher on Tuesday with defence stocks boosting the market after US President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of US tariffs on the European Union. The Stoxx 600 index closed 0.33 per cent higher at 552.32, building on Monday’s 1 per cent rise after Trump gave the EU…
Read MoreUS: Stocks jump on easing tariff worries, lower bond yields
[NEW YORK] Wall Street stocks jumped on Tuesday after President Donald Trump pushed back tariffs on Europe while US Treasury bond yields retreated following last week’s surge. Trump on Monday said he would pause his threatened 50-per cent tariffs on the European Union until July 9 to allow for talks, reversing an escalation that upset markets on…
Read MoreTrump pardons Todd and Julie Chrisley after tax evasion and bank fraud convictions
President Trump has pardoned Todd and Julie Chrisley, who are serving time in federal prison for tax evasion and bank fraud. Trump gave the couple’s children the news via a personal phone call Tuesday, saying, “It’s a terrible thing. It’s a terrible thing. But it’s a great thing because your parents are gonna be free…
Read MoreMAS proposes to remove some exemptions from advertisement regulations to better protect consumers
[SINGAPORE] The Monetary Authority of Singapore (MAS) is proposing to amend financial advertisement requirements in a bid to boost protection for consumers. MAS currently requires financial institutions (FIs) to ensure that advertisements are fair and balanced, and not false and misleading. Product advertisements are to also be clear and legible. But FIs are exempted from…
Read MoreGator with no tail spotted waddling across Louisiana highway: ‘Seems to be surviving’
This gator’s all snap and no slap. An alligator with no tail was spotted waddling across a Louisiana highway earlier this month — with the maimed beast leaving flabbergasted drivers struggling to comprehend what they were witnessing. “I couldn’t tell at first if he was an alligator or a big dog or what,” Ashlyn Bartholomew,…
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