Posts by Liam Redmond
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
[LONDON] The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US President Donald Trump’s tariffs weigh on global economic growth. The BOE’s Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a…
Read MoreCrowdfunding Success Stories You Won’t Believe
Crowdfunding has taken the world by storm, transforming how people support causes they care about. From education to health care, countless stories showcase how a group of passionate individuals can come together to fund ideas and projects that make a difference. In this article, we’ll explore some of the most inspiring crowdfunding success stories that…
Read MoreAustralia exchange operator proposes IPO reforms to revive listings
[SYDNEY] The Australian Securities Exchange (ASX) on Thursday (May 8) unveiled a series of proposed reforms aimed at enhancing the global appeal of Australia’s capital markets and revitalising its subdued initial public offering landscape. In a detailed response to the Australian Securities and Investments Commission (Asic), the exchange operator said it would focus on streamlining…
Read MoreBrooklyn Beckham, wife Nicola Peltz plant firm roots in US amid family rift: report
Brooklyn Beckham and his wife, Nicola Peltz, are planting firm roots in the US amid an ongoing rift with the rest of the Beckham clan. brooklynpeltzbeckham/Instagram Brooklyn Beckham and his wife, Nicola Peltz, are planting firm roots in the US amid an ongoing rift with the rest of the Beckham clan. The eldest son of…
Read MoreWeakening greenback to benefit Singapore firms with significant exposure to debts, costs in US dollar
[SINGAPORE] Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the world’s largest economy. But market watchers warn that the Singapore dollar’s strength against the greenback could cut both ways for companies here. This week, the Singapore dollar rose to trade at…
Read MoreWeakening US dollar expected to yield mixed impact for Singapore companies with significant exposure
[SINGAPORE] Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the world’s largest economy. But market watchers warn that the Singapore dollar’s strength against the greenback could cut both ways for companies here. This week, the Singapore dollar rose to trade at…
Read MoreSingapore firms like Sats could see relief as US dollar declines, but SIA may lose out
[SINGAPORE] Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the world’s largest economy. But market watchers warn that the Singapore dollar’s strength against the greenback could cut both ways for companies here. This week, the Singapore dollar rose to trade at…
Read MoreMusk hits back at OpenAI’s claim he’s on quest to harm startup
[SAN FRANCISCO] Elon Musk fired back at OpenAI’s accusation that he has been waging a “relentless” campaign for more than a year to damage the startup. In a court filing late on Wednesday (May 7), an attorney for the world’s richest person asked a judge to brush aside allegations that he has weaponized legal claims,…
Read More‘Body clock’ could determine biological age and longevity, researchers say
Researchers have developed a new “body clock” tool that calculates people’s biological age — and could even predict the risk of disability or death. The tool, which comes from the University of Washington (UW) School of Medicine, uses eight different metrics from a patient’s physical exam and bloodwork to determine the results, according to a press release…
Read MoreMalaysia central bank keeps key rate at 3%, flags weaker global outlook
[KUALA LUMPUR] Malaysia’s central bank kept its benchmark interest rate unchanged on Thursday (May 8) despite an expected slowdown in economic growth due to a global trade war. Bank Negara Malaysia maintained its overnight policy rate (OPR) at 3 per cent, where it has been since May 2023, as had been expected by 24 of…
Read MoreBank Negara Malaysia holds rate at 3% amid output growth, flags tariff risks
[KUALA LUMPUR] Malaysia’s central bank kept its key interest rate steady at 3 per cent on Thursday (May 8), opting for policy stability amid resilient domestic demand and a better-than-expected rebound in industrial activity, even as clouds gather over global trade due to rising US tariffs and geopolitical tensions. Bank Negara Malaysia said the decision…
Read MoreMaersk cuts global container market outlook on tariff war
Maersk sees global container volume market in the range of 1% decline to growth of 4% this year Published Thu, May 8, 2025 · 03:18 PM [COPENHAGEN] AP Moller-Maersk, the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war. Maersk sees global container volume market in the…
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