Posts by Liam Redmond
China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade Published Mon, May 26, 2025 · 07:21 PM [BEIJING] China’s central bank asked its major lenders to raise the share of renminbi when facilitating cross-border trade, in its latest push for the use of the currency as the world…
Read MoreFormer police chief, serving murder and rape sentences, escapes from Arkansas prison
A former police chief in Arkansas who is serving decades-long sentences for murder and rape escaped from prison Sunday, state corrections officials said. Grant Hardin, the former police chief of the tiny town of Gateway near the Arkansas-Missouri border, escaped from the North Central Unit in Calico Rock, where he has been held since 2017.…
Read MoreMeta’s panic about ‘groomers’ targeting minors on Instagram surfaces at FTC antitrust trial
Mark Zuckerberg’s Meta knew Instagram was steering underage users toward online creeps and other harmful content – even as it shot down requests by co-founder Kevin Systrom and others to commit more resources for safety, according to bombshell documents that surfaced at the FTC’s antitrust trial. The little-noticed trove included internal emails exchanged between Zuckerberg,…
Read MoreChinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say Published Mon, May 26, 2025 · 05:36 PM [SHANGHAI] China’s leading food delivery group Meituan on Monday (May 26) reported net profit for the first quarter of 10.9 billion yuan (S$1.9 billion), up 46.2…
Read MoreChinese EV stocks tumble after BYD slashes prices as much as 34%
[HONG KONG] BYD led Chinese electric vehicle stocks lower in Hong Kong on Monday (May 26), as investors digested the auto giant’s sweeping price cuts of as much as 34 per cent late last week. Shares of China’s No 1 selling car brand tumbled as much as 8.3 per cent, while peers Li Auto, Great…
Read MoreThese 4 zodiac signs have the most to gain during the 2025 New Moon in Gemini
The most dynamic New Moon of 2025 is upon us, folks. On Monday, May 26th, at 11:02 PM EST, the New Moon in Gemini arrives high on its own supply. Gemini is the zodiac’s resident storyteller, and under the dark skies and changing winds of this lunation, we’re all offered the opportunity to tell ourselves…
Read MoreHong Leong Bank forms private banking alliance with Lombard Odier
[SINGAPORE] Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May 26) announced it has formed a strategic alliance with Swiss private bank Lombard Odier. Quek is chairman of both HLFG and HLB, which are part of Malaysia’s Hong Leong Group…
Read MoreIndia’s central bank seeks approval for overseas rupee lending: sources
[NEW DELHI] India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two sources said. The Reserve Bank of India (RBI) has asked the federal government to allow domestic banks and their foreign branches to lend Indian…
Read MorePsychic correctly predicted location of missing college student’s remains finally found in 52-year-old cold case: ‘Nothing short of a miracle’
A psychic correctly predicted where the remains of a missing Utah college student — who disappeared more than 50 years ago — would be finally found, according to an investigator who closed the cold case earlier this month. The case of Douglas Brick — a 23-year-old University of Utah senior active in several academic organizations…
Read MoreJalen Brunson shakes off rough Game 3 to deliver for Knicks when it mattered
INDIANAPOLIS — For three quarters, it was hard to remember a worse performance from Jalen Brunson in his Knicks tenure. For much of the fourth quarter, he was glued to the bench. It didn’t matter. He still ended up hitting the biggest shot and nailing the biggest free throws down the stretch of the Knicks’…
Read MoreChina’s ambassador warns Australia over Port of Darwin lease
The decision to lease the port to Landbridge has been criticised in the decade since the deal was announced, including by former US president Barack Obama Published Mon, May 26, 2025 · 01:34 PM [CANBERRA] China’s ambassador to Australia has warned Canberra to be careful in its handling of the lease of a strategically important…
Read MoreVietnam’s VietJet orders 20 more Airbus planes as Macron visits Hanoi
Published Mon, May 26, 2025 · 01:18 PM [HANOI] Vietnamese budget carrier VietJet on Monday agreed to place a new order with planemaker Airbus for 20 A330neo wide-body jets, the airline said in a press release, as French President Emmanuel Macron was in Hanoi to meet Vietnam’s leaders. The agreement brings to 40 the A330neo…
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