Posts by Liam Redmond
Singapore shares decline amid hawkish Fed minutes; STI down 0.2%
Across the broader market, losers beat gainers 320 to 205, after 1.5 billion securities worth S$1.4 billion change hands SINGAPORE stocks ended Thursday (Feb 20) lower, as markets reacted to the Federal Reserve’s January meeting minutes. The benchmark Straits Times Index (STI) fell 0.2 per cent or 6.53 points to 3,927.51. Across the broader market,…
Read MoreTikTok restructures trust and safety team, lays off staff in unit: sources
The layoffs began the same day for teams in Asia and Europe, Middle East and Africa TIKTOK is laying off global staff at its trust and safety unit which handles content moderation as part of a restructuring, three sources familiar with the matter said on Thursday (Feb 20). Two sources said that Adam Presser, operations…
Read MoreTikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to better align operations to long-term growth plans, The Straits Times has learnt. Letters went out to employees in its trust and safety department on Thursday (Feb 20) to inform them about the…
Read MoreTrans runner who defeated 12-year-old girl defends biological men in women’s sports
Nathanielle Morin, Canadian advisor to the Federal Minister of Women, released a statement this week defending the advisor’s participation in women’s marathons and other running competitions as a transgender biological male. Morin referenced President Donald Trump’s recent executive order that prevents trans athletes from competing in women’s and girls’ sports in the statement. “I am…
Read MoreSt. John’s RJ Luis Jr. misses first game of season with groin injury
CHICAGO — Another key St. John’s player is now battling an injury. Just when Deivon Smith recovered from the bruised right shoulder that bothered him for a month, leading scorer RJ Luis suffered a groin injury. The Big East Player of the Year candidate missed his first game of the year in Wednesday night’s 82-58…
Read MoreDeepSeek rally helps Chinese tech firms raise more funds
Listed Chinese companies have raised more than US$1 billion globally through placements so far this year, with most of it in February THE stars are aligned for Chinese technology companies to boost stock financing, capitalising on a DeepSeek-driven US$1 trillion rally and Beijing’s perceived softer stance on the once-battered sector. This week, robot maker UBTech…
Read MoreSingapore’s Abaxx Exchange plans gold futures as metal surges
SINGAPORE’S Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders grapple with disruptions in key bullion hubs and increased haven demand. The contracts – which will be physically deliverable in the South-east Asian city-state – will seek to connect futures and physical markets in…
Read MoreGrowth in global private equity deal flow may be slower than expected this year: Preqin
INVESTORS forecasting a quick uptake in global private equity (PE) activity this year may be disappointed, especially if the gap in pricing expectations between buyers and sellers persists, said a report by data platform Preqin. “Dry powder continues to accumulate to record levels in absolute terms, which creates ready buyers on the demand side; however,…
Read MoreHamas releases bodies of four Israelis, including toddlers Kfir, Ariel Bibas and their mom after they were killed in Gaza
Hamas released the bodies of four Israeli hostages Thursday morning, including the youngest captive in Gaza, who was taken when he was just 9 months old. The heartbreaking exchange saw the terror group hand over the bodies of Kfir Bibas, along with his brother Ariel, who was taken when he was just 4, their mother…
Read More‘Reacher’ star Alan Ritchson reveals feud with former classmate Matt Gaetz: ‘We are adversaries’
“Reacher” star Alan Ritchson revealed his childhood feud with former high school classmate ex-Florida Rep. Matt Gaetz on Wednesday, describing the politician as his adversary. The 42-year-old actor did not hold back his disdain for Gaetz when the politician’s name came up during a recent interview. “That motherf–ker. We are adversaries,” Ritchson told GQ. Alan…
Read MoreUS appeals court rejects Trump’s emergency bid to curtail birthright citizenship
A US appeals court on Wednesday let stand an order blocking President Donald Trump from curtailing automatic birthright citizenship nationwide as part of the Republican’s hardline crackdown on immigration and illegal border crossings. The San Francisco-based 9th US Circuit Court of Appeals rejected the Trump administration’s request for an emergency order, putting on hold a nationwide injunction issued by a…
Read MoreJapan’s Suzuki aims to boost sales by a third by 2030, invest heavily in India
JAPANESE small car maker Suzuki Motor said it will target 4.2 million vehicles in global sales in five years’ time – an increase of nearly a third – with most of its expansion concentrated in its main market of India. It expects 60 per cent of those sales to be in India, adding that the…
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