Posts by Liam Redmond
India fines IndiGo record US$2.45 million over mass flight cancellations
The airline has acknowledged that poor pilot roster planning was the main cause of the disruption [NEW DELHI] India’s aviation regulator on Saturday (Jan 17) fined IndiGo a record US$2.45 million, issued warnings to senior executives and directed the airline to remove the head of its operations control from his duties after mass flight cancellations…
Read MoreCostco quietly boosts gas rewards for branded credit card holders
Costco has discreetly increased gas rewards for holders of its branded credit card. Members with the Costco Anywhere Visa Card, issued by Citi, can now expect to earn 5% cash back at Costco gas pumps, up from the previous 4%. The higher rewards apply only to gas stations located at the warehouse giant and do…
Read MorePoint72 expands office space in Hong Kong’s Henderson Tower
[HONG KONG] Point72 Asset Management has signed a deal to take more space for its upcoming office in The Henderson, a skyscraper in Hong Kong’s Central district, as demand from the financial sector provides relief to the city’s beleaguered office market. The US hedge fund firm is taking a total of 85,000 square feet (7,897…
Read MoreIslanders’ Adam Pelech’s health making ‘big difference’ in best season yet
VANCOUVER, British Columbia — Half-accusingly and half-jokingly, Patrick Roy said to go find some wood to knock on. Good health this late into a season is always a risky topic to bring up, after all. Particularly so for Adam Pelech, who last got through a season without missing serious time in 2021-22. Not coincidentally, that…
Read MoreTepco to delay restart of Kashiwazaki-Kariwa nuclear power plant, NHK reports
[TOKYO] Tokyo Electric Power will delay the restart of its Kashiwazaki-Kariwa nuclear power plant, which was originally scheduled for Jan 20, public broadcaster NHK reported on Monday, after an alarm malfunction. It would have been the first reactor restart for Tepco since its Fukushima Daiichi nuclear power plant was hit by a powerful tsunami in…
Read MoreMicron says AI-driven memory crunch is ‘unprecedented’
PC makers have also warned they are likely to be affected by the ongoing shortage [WASHINGTON] Nvidia supplier Micron Technology said an ongoing memory chip shortage has accelerated over the past quarter and reiterated that the crunch will last beyond this year due to a surge in demand for high-end semiconductors required for artificial intelligence…
Read MoreOil firmer as ebbing Iranian protests lower chance of US attack
[NEW DELHI] Oil prices were up slightly on Monday, after the previous session’s rise, as Iran’s deadly crackdown on protests quelled civil unrest, narrowing chances for a US attack on the major Middle Eastern producer that could disrupt supplies. Brent crude was trading at US$64.19 a barrel by 0327 GMT, up 6 cents or 0.09…
Read MoreGKE to expand storage and logistics operations to Dubai by 2028
The new facility aims to serve MNCs from the chemical, manufacturing, pharmaceutical and semiconductor industries [SINGAPORE] GKE Corporation is kickstarting its overseas growth strategy with an ambitious expansion of its storage and logistics operations to Dubai. The company, which currently operates in both Singapore and China, has started construction of its new warehouse at the…
Read MoreChina’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year low, underscoring dramatically different prospects for the two most widely used metals. Aluminium production increased 2.4 per cent to 45 million tonnes, having risen every year this decade, according to the statistics bureau…
Read MoreConservative influencer robbed of pricey camera, dragged by alleged robber’s car in Minneapolis confrontation: video
A Minneapolis protester allegedly stole a pricey camera from conservative provocateur Nick Sortor — who chased down the suspected thief and was dragged by her car as it swerved onto the sidewalk, according to shocking video. In a post shared on X, Sortor said the woman was part of a group that followed him and his…
Read MoreBank of Singapore appoints Collins Chin as global CFO
He takes up the new role after having been the head of investor relations at the bank’s parent, OCBC [SINGAPORE] The Bank of Singapore on Monday (Jan 19) announced that it has appointed Collins Chin as its new global chief financial officer (CFO) with immediate effect. Chin will be a member of the Bank of…
Read MoreRupiah may sink past record low as fiscal woes erode BI support
The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency [JAKARTA] Indonesia’s rupiah looks poised to weaken past a record low, analysts say, with central bank intervention unlikely to halt the slide amid persistent fiscal worries. The currency may depreciate to 17,000 per US dollar…
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