Posts by Liam Redmond
Supreme Court win for Trump in FTC case would restore the Founders’ design
If Monday’s Supreme Court argument is any indication, the days of “independent” agencies acting as a fourth branch of government are numbered. In Trump v. Slaughter, a solid majority of the justices seemed ready to confirm what the Constitution already implies: If an official is exercising executive power, the elected president has to be able…
Read MoreJardine Matheson’s bid to privatise Mandarin Oriental gets shareholders’ nod
The required majority are in favour of the scheme of arrangement at US$3.35 a share [SINGAPORE] Shareholders of Mandarin Oriental International on Monday (Dec 8) voted in favour of Jardine Matheson’s move to delist its hotel subsidiary under a scheme of arrangement that values the company at about US$4.2 billion. The investment company said on…
Read MoreUS to allow Nvidia H200 chip shipments to China, says Trump
Nvidia shares rise 2% in after-hours trading after announcement; US president says same approach will apply to AMD, Intel [WASHINGTON] The United States will allow Nvidia’s H200 processors, its second-best artificial intelligence (AI) chips, to be exported to China and collect a 25 per cent fee on such sales, US President Donald Trump said on…
Read MoreMandarin Oriental shareholders approve Jardine Matheson privatisation offer
[SINGAPORE] Shareholders of Mandarin Oriental International on Monday (Dec 8) voted in favour of Jardine Matheson’s cash takeover bid that values the hotel group at about US$4.2 billion. The investment company said on Oct 17 that it was moving to take Mandarin Oriental private in a recommended cash takeover valued at US$3.35 per share. Jardine…
Read MoreNvidia wins Trump’s approval to sell H200 AI chips in China
The company sells the more advanced Blackwell generation in the US and is preparing to shift to an even speedier family of chips called Rubin [WASHINGTON] US President Donald Trump granted Nvidia permission to ship its H200 artificial intelligence (AI) chip to China in exchange for a 25 per cent surcharge, a move that lets…
Read MoreMillennial Snot: The smarmy, patronizing way liberal elites talk down to the rest of us
Back in May 2024, a black studies professor — an academic of the type who writes dissertations about the semiotics of Beyonce — “clapped back” at one of her peers, a white man who had dared complain that all the jobs in his corner of academia had been given to minorities. Their grating exchange went…
Read MoreTrump eyes tariffs over cheap Canadian fertiliser, Indian rice
The US president is facing mounting pressure to address high consumer prices and persistent inflation [WASHINGTON] US President Donald Trump signalled he could impose fresh tariffs on agricultural products, including Canadian fertiliser and Indian rice, the latest sign that protracted negotiations with two US trading partners could drag on. Trump spoke on Monday (Dec 8)…
Read MoreNomura sends bankers to New York, London in asset manager push
[TOKYO] Nomura Asset Management plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to develop its homegrown talent for investment and sales operations. More staff with overseas business experience will boost Nomura’s stance as a global competitor in asset management, president Hiroyasu Koike said.…
Read MoreJPMorgan’s Jamie Dimon on succession, Singapore model, AI, US economy in exclusive BT interview
Global banking titan believes Singapore has big chance to be bigger financial hub; talks about succession, AI and US economy [SINGAPORE] When JPMorgan chief executive Jamie Dimon wants to get a pulse of what is going on in the world, he prefers to see things for himself and meet people in person – even if…
Read MoreJPMorgan’s Jamie Dimon on succession, Singapore model, AI, US economy (BT interview)
Singapore has a ‘big chance’ to become a bigger financial hub in the coming years, he says in first visit to city-state since 2022 [SINGAPORE] When JPMorgan chief executive Jamie Dimon wants to get a pulse of what is going on in the world, he prefers to see things for himself and meet people in…
Read MorePepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs [WASHINGTON] PepsiCo announced a series of operational changes backed by activist investor Elliott Investment Management on Monday (Dec 8), including a review of its supply chain and slashing its overall number of products. The company is also planning layoffs in…
Read MoreNasty norovirus infects over 100 passengers and crew members aboard luxury cruise ship
These passengers are going to need a vacation from their vacation. Nothing is worse than getting sick while on vacation — especially when it’s an illness that causes nasty vomiting and diarrhea. That’s exactly what’s going on aboard AIDAdiva, a luxurious cruise ship from German line AIDA Cruises that is currently on a 133-day voyage,…
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