Posts by Liam Redmond
Baidu prepares to launch driverless taxi in Europe: report
The company has been in discussions with Switzerland’s bus service provider PostAuto to debut its robotaxi service in Switzerland, WSJ reports Published Wed, May 14, 2025 · 02:18 PM [BENGALURU] Chinese technology major Baidu is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, The Wall Street Journal (WSJ)…
Read MoreRussian national allegedly stole luxury yacht, led Florida police on massive boat chase years after being granted asylum in the US
A Russian national accused of jacking a massive luxury yacht and leading authorities in Florida on a boat chase where SWAT officers had to be deployed to secure the vessel was granted asylum in the US. Nikolai Vilkov, 29, was arrested on May 5 after the Martin County Sheriff’s Office and other agencies had to use…
Read MoreChinese e-commerce sites offer discounts of up to 2,530 yuan on Apple’s latest iPhones
[BEIJING] Chinese e-commerce platforms are offering discounts of up to 2,530 yuan (S$457) on Apple’s latest iPhone 16 models, an effort to spur sales as first-quarter shipments by the US tech giant fell further in its second-largest market. The step comes as Chinese online retailers increasingly vie for cost-conscious consumers in a slowing economy, with…
Read MoreCrypto platform FalconX partners with Standard Chartered
[HONG KONG] Crypto prime broker FalconX and global bank Standard Chartered said on Wednesday (May 14) that they had formed a strategic partnership to serve institutional crypto investors. The partnership marks FalconX’s first collaboration with a global traditional bank and suggests growing institutional demand for digital assets through traditional finance channels. FalconX will leverage Standard…
Read MoreGXS Bank CEO to retire, GX Bank CEO to take over
[SINGAPORE] GXS Bank has announced that chief executive Muthukrishnan Ramaswami will be retiring on May 31. His successor will be Lai Pei-Si, CEO of GX Bank, the Malaysian arm of GXS, it said on Wednesday (May 14). Lai will take over as GXS CEO on Jun 1, with GX Bank deputy CEO Kaushik Chowdhury taking…
Read MoreOCBC merges stockbroking businesses into global markets division
[SINGAPORE] OCBC will integrate its securities business, which is under its stockbroking subsidiaries, into its global markets division on Jul 1, 2025. This is a strategy of the bank to better leverage its securities capabilities to serve a wider spectrum of customer segments across the group, OCBC said in a statement on Wednesday (May 14).…
Read MoreSony sees 100 billion yen tariff hit in underwhelming outlook
Even without the levies, the company’s projection falls shy of the average analyst estimate of 1.5 trillion yen and is essentially flat compared to the year concluded in March 2025 Published Wed, May 14, 2025 · 12:29 PM [NEW YORK] Sony Group offered an underwhelming forecast for the year ahead, with the burden of US…
Read MoreCiting worsening macro conditions, Frasers Property renews bid to take Frasers Hospitality Trust private
[SINGAPORE] Frasers Property is proposing to privatise Frasers Hospitality Trust (FHT) at S$0.71 per stapled security, due to FHT’s inability to improve the distribution and growth of the trust in the face of macroeconomic headwinds. This is the second time in three years that Frasers Property has attempted to privatise the stapled group. It tried…
Read MoreANTA elevates PG7 technology with “Cushion Evolution” global relay run kickoff
PG7 is the groundbreaking midsole technology launched by global sportswear brand ANTA in 2024, which set a new cushioning benchmark with a Peak Gravity (PG) value of 7.8. Peak Gravity, for anyone unfamiliar with the term, is how industry experts measure cushion performance. The lower the PG value, the better the cushioning performance. Since the start of the new…
Read MoreTaiwan regulator probes firms for pressuring staff to sell ETFs
Published Wed, May 14, 2025 · 11:19 AM [TAIPEI] Taiwan’s financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund (ETF) products, the latest sign of excessive competition in one of Asia’s biggest ETF markets. The Financial Supervisory Commission (FSC) will probe ten brokerages, nine asset managers and a…
Read MoreBeijing has issued first rare earth magnet export permits, Volkswagen suppliers on the list
[BEIJING] China has issued export permits to at least four rare earth magnet producers including suppliers to Volkswagen, the German carmaker and industry sources said, the first granted since Beijing restricted shipments last month and a sign that the critical materials will continue to flow. Baotou Tianhe Magnetics, which makes the magnets used in electric…
Read MoreNottingham Forest’s Taiwo Awoniyi placed in induced coma following scary injury
A Premier League player was placed into an induced coma after he had to undergo surgery on an abdominal injury that was deemed “urgent,” various outlets reported on Tuesday. Nottingham Forest’s Taiwo Awoniyi had suffered the injury during a 2-2 draw against Leicester City on Sunday after colliding with the goal post while trying to…
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