Posts by Liam Redmond
DeepSeek prepares for IPO filing as soon as 2026, eyes US$71 billion valuation: FT
The startup begins talks with potential backers for a fresh funding round after closing a US$7 billion round of financing Published Wed, Jul 15, 2026 · 11:57 AM [BEIJING] Chinese artificial intelligence pioneer DeepSeek is considering raising more funds weeks after closing a US$7 billion round of financing, the Financial Times (FT) reported, citing people…
Read MoreAll-Star Game pays homage to iconic scene from ‘The Sandlot’ with epic fireworks display
Nothing beats summer baseball. MLB paid homage to the iconic fireworks scene from “The Sandlot” by recreating the masterpiece at Citizens Bank Park during the All-Star Game. The recreated spectacle started with the playing of Ray Charles’ famous “America the Beautiful” for the entire Philadelphia crowd before children in Phillies jerseys peeked through a gate…
Read MoreCiti shares drop as CEO Fraser plans deeper job cuts this year
Published Wed, Jul 15, 2026 · 11:43 AM CITIGROUP shares slumped after the bank’s top executives said they plan to bring forward job cuts and key technology investments, moves that could increase costs later this year. After reporting record earnings that beat expectations in key business lines, chief executive officer Jane Fraser told analysts and…
Read MoreChina slashes June oil refining volumes to six-year low as crude imports collapse
Processing volumes fall 18% year on year to 51.24 million tonnes – the lowest since March 2020 Published Wed, Jul 15, 2026 · 11:11 AM CHINESE oil refiners slashed output in June to the weakest level in six years, as the industry responded to worsening demand and disruptions to crude shipments from the Persian Gulf.…
Read MoreEnergy is the new water, says climate ambassador Ravi Menon
Asean needs to come up with policy responses that allow for it to be traded in a way that all parties benefit [SINGAPORE] As energy becomes a scarce resource like water, member states of Asean need to come up with policy responses that allow for energy to be traded in a way that all parties…
Read MoreBiden’s refusal to drop out of 2024 election has left Dems in disarray, strategist James Carville charges
Veteran Democratic strategist James Carville argued Sunday that former President Joe Biden’s refusal to drop out of the 2024 election earlier caused lasting damage to his party. “So, the reason the Democratic Party is in the shape it is is because Joe Biden wouldn’t get out until July the 21st of the election year, all…
Read MoreAsian stocks rise on drop in US inflation rate, with South Korea’s Kospi up 7%
The index’s surge comes ahead of the next test for the AI rally, with earnings due at ASML Published Wed, Jul 15, 2026 · 10:37 AM — Updated Wed, Jul 15, 2026 · 01:33 PM [SINGAPORE] Asia’s bumpy stock markets rallied on Wednesday (Jul 15) after a surprise slowdown in US inflation scaled back expectations…
Read MoreMisuse of driver-assistance systems biggest risk to road safety: survey
Published Wed, Jul 15, 2026 · 10:21 AM [MILAN/STOCKHOLM] Motorists’ misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for road safety, according to a survey of transport specialists. The survey, published on Wednesday (Jul 15), reflects industry concerns about human error as some governments…
Read MoreGold holds gain as soft US inflation data reduces rate hike bets
Published Wed, Jul 15, 2026 · 10:17 AM [SINGAPORE] Gold steadied after monthly US inflation came in lower than expected, relieving some pressure on the Federal Reserve to hike interest rates. Bullion was near US$4,050 an ounce, after rising 1.3 per cent in the previous session. Consumer prices in the US declined in June for…
Read MoreGold slips as oil rally keeps inflation, rate outlook on investors’ radar
Published Wed, Jul 15, 2026 · 10:17 AM — Updated Wed, Jul 15, 2026 · 01:50 PM [BENGALURU] Gold prices fell on Wednesday (Jul 15) after climbing more than 2 per cent in the previous session, as rising oil prices fuelled inflation concerns and uncertainty over the US interest rate outlook, weighing on non-yielding bullion.…
Read MoreDBS targets S$1 trillion in AUM by 2030 as it steps up AI, hiring push
The bank plans to hire 600 more front-line advisers and platform engineers by end-2028 [SINGAPORE] DBS is looking to accumulate more than S$1 trillion in assets under management (AUM) across its retail and wealth segments by 2030, as it doubles down on artificial intelligence, partnerships and regional expansion to capture Asia’s growing wealth. To support…
Read MoreZendaya spreads her wings in angel-inspired look at ‘The Odyssey’ NYC premiere red carpet
Zendaya made a show-stopping appearance at “The Odyssey” premiere in New York City, donning ethereal angel wings on the red carpet. The actress was pictured at the event on Tuesday evening in a plunging, off-white strapless feather-lined gown with a thigh-high slit from Matiéres Fécales. The dress featured a long train, as well as the…
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