Posts by Liam Redmond
Memory chipmaker Kioxia ships next-gen samples as AI boom fuels dramatic comeback
Its stock price surges more than sevenfold this year, to a market capitalisation of more than US$250 billion Published Fri, Jul 3, 2026 · 03:57 PM [KITAKAMI, Japan] Kioxia on Friday (Jul 3) held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the artificial intelligence investment…
Read MoreMamdani admits he wants to end his ‘one-sided beef’ about taxes with 50 Cent
New York City Mayor Zohran Mamdani admitted Wednesday he would love to end his one-sided feud with rapper 50 Cent. While appearing on the “Complex” podcast, Mamdani was put on the spot by host Jillian Superstar when she asked the socialist mayor, “If you were to have a dinner party — that I know I’d be invited to…
Read MoreHong Kong regulator targets IPO book building in new enforcement push
The watchdog finds that insiders are funding orders to artificially inflate public demand, sources say Published Fri, Jul 3, 2026 · 03:22 PM [HONG KONG] Hong Kong’s market watchdog is intensifying scrutiny of the city’s red-hot initial public offering market, broadening its regulatory crosshairs towards book building and share allocation practices, said sources. The Securities…
Read MorePersonal data of 70,000 people compromised after cybersecurity incident involving SLA vendor IBM
[SINGAPORE] The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM suffered cybersecurity incident involving unauthorised access. SLA said the affected environment managed by the vendor is distinct and separate from SLA’s operational systems, with no other systems compromised. IBM has also revoked access associated with the affected…
Read MoreWhat to look for when venerable Saratoga kicks off its 46-day meet
You’ve done it all. Watched baseball games at Wrigley Field, Fenway Park and Yankee Stadium. Witnessed the spectacular Northern Lights. Sat in celebrity row at Madison Square Garden. Camped at the Grand Canyon. Wore a cheesehead at Lambeau Field. Proposed marriage at the Empire State Building antenna. Waved the checkered flag at the Brickyard. Visited…
Read MoreOil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi
Among other banks, Goldman Sachs Group has said the global oil market is set to swing back into oversupply Published Fri, Jul 3, 2026 · 02:39 PM BRENT oil could extend declines to US$60 a barrel by the end of 2026 as disruptions in the Strait of Hormuz ease, according to Citigroup, adding to a…
Read MoreSwitzerland storms past Algeria to advance to World Cup Round of 16
VANCOUVER, British Columbia — Breel Embolo and Dan Ndoye both scored and Switzerland advanced to the round of 16 at the World Cup with a 2-0 victory over Algeria on Thursday night. Switzerland will play the winner of Friday’s match between Colombia and Ghana in Kansas City, Missouri. The round-of-16 game is set for next…
Read MoreMAS partners finance industry players to develop safeguards for AI agents
[SINGAPORE] The Monetary Authority of Singapore (MAS) on Friday (Jul 3), along with financial institutions and fintech companies, published an industry white paper on developing safeguards for AI agents in finance. The paper proposes an industry-developed framework that enables AI agents in the financial services sector to carry out financial tasks securely, reliably and safely.…
Read MoreMore Asia investors turning to Europe for diversification in multi-polar world, says DWS
[SINGAPORE] Asian investors with significant capital already allocated to the US are increasingly looking to diversify into Europe, as a more fragmented geopolitical landscape reshapes global investment flows. The observation comes from Dirk Goergen, global head of the client coverage division of European asset manager DWS. Speaking to The Business Times in an exclusive interview…
Read MoreMom of 5 struck and killed by stray bullet while buying slushies with her kids: ‘It was just senseless’
A Missouri mother tragically died in front of her children when she was caught in the crossfire of two feuding groups at a gas station Tuesday evening, according to her family and police. Shakeela Martin, a “devoted mother to five children,” was buying slushies with her kids when she was killed at a BP in…
Read MoreBain, KKR, KV Asia shortlisted for Malaysia’s Avisena Healthcare stake sale as valuation hits US$368 million: sources
South-east Asia healthcare assets draw strong investor interest amid rising incomes and ageing populations Published Fri, Jul 3, 2026 · 11:55 AM [SINGAPORE] Bain Capital, KKR and KV Asia Capital have been shortlisted to buy a minority stake in Avisena Healthcare in a deal that could value the Malaysian healthcare firm at about RM1.5 billion…
Read MoreUS officials feared Israel was plotting to kill head Iranian negotiators: report
The US believed Israel was plotting to kill Iran’s head negotiators in the middle of the peace talks, with America going as far as to warn Tehran through third party countries of the risks, officials said. Fears that Israel could derail the fledgling peace talks spiked in April as America believed the Jewish state had…
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