Posts by Liam Redmond
AI won’t bring back era of rapid growth, says Nobel Prize winner
Published Tue, Jul 7, 2026 · 05:21 PM [LONDON] A Nobel Prize-winning economist has warned that artificial intelligence will not return Western economies to the era of rapid productivity growth, which may be gone forever. Christopher Pissarides, who specialises on the impact of automation in work, said as many as four in 10 US and…
Read MoreFugitive wanted over Monaco bombing found shot dead in Ukraine: reports
The fugitive being hunted for the Monaco bombing that injured a sanctioned Ukrainian oligarch and the woman he was with has been found shot dead in Ukraine, according to reports. Anastasiia Berezovska’s body was found near Kyiv at around 11 p.m. on Monday night – and two suspects have been detained, sources told the Ukrainian…
Read MoreGIC among top sovereign funds backing India’s largest asset manager in US$1.2 billion IPO: sources
The listing will see SBI and Amundi selling a collective 10% of their shares in the joint venture Published Tue, Jul 7, 2026 · 04:40 PM [MUMBAI] SBI Funds Management, India’s largest asset manager, will draw investments from Abu Dhabi Investment Authority (Adia) and Singapore’s GIC as part of its US$1.2 billion initial public offering,…
Read MoreExplosions heard in Damascus during French President Emmanuel Macron’s visit: reports
Explosive devices blew up on Tuesday in Syria’s capital Damascus near a hotel where French President Emmanuel Macron was meant to be staying, a security source said. Roads were sealed off and security measures were implemented after the blast. A Reuters witness heard explosions in the vicinity and smoke was seen rising. Smoke rises above…
Read More‘The View’ co-host Sunny Hostin laments ‘I suddenly feel unsafe’ in neighborhoods with American flags
“The View” co-host Sunny Hostin repeated her assertion from 2021 that she feels uncomfortable or unsafe while visiting neighborhoods where homes are flying the American flag. While discussing celebrations of America’s 250th anniversary and the state of the country, Hostin recalled a previous occasion in 2021 when she said on the show that she feels uncomfortable…
Read MoreMAS proposes new corporate structure to grow alternative risk transfer market
The framework will lower costs for captive insurance, insurance-linked securities and sovereign risk pools [SINGAPORE] The Monetary Authority of Singapore (MAS) has proposed a new corporate structure designed to make alternative risk transfer solutions more accessible and cost-effective for companies, as it seeks to strengthen Singapore’s role as a regional risk management hub. The proposed…
Read MoreBelgium exposed the defensive cracks USMNT showed all World Cup long
SEATTLE — The United States men’s national team finally showed the cracks along the fault lines that had been there from the beginning. Their vulnerable defense that bent through friendlies, shined and survived in the group stage, and escaped against Bosnia and Herzegovina, finally fractured Monday night. “Today wasn’t a good day,” midfielder Tyler Adams…
Read MoreCICT, CapitaLand should snap up Bugis Junction Towers
The group has the heft to spearhead a redevelopment of the entire complex and transform the surrounding area [SINGAPORE] Earlier this year, CapitaLand is said to have looked at the Marina One office and retail asset, which was quietly put on the market with a price tag of around S$5.7 billion. The property giant is…
Read MoreHSBC reins in riskier private credit lending: FT
It will focus on lower-risk funds and has told clients it will not renew their facilities Published Tue, Jul 7, 2026 · 01:17 PM [HONG KONG] HSBC is pulling back from riskier private credit lending, becoming the latest bank to rein in exposure to the sector after a string of high-profile bankruptcies raised concerns over…
Read MoreHSBC retreats from riskier private credit lending: FT
Some big banks are raising rates for the leverage they provide, and they are also marking down specific loans posted as collateral Published Tue, Jul 7, 2026 · 01:17 PM [HONG KONG] HSBC is halting lending to riskier private credit funds, after high-profile corporate bankruptcies exposed shaky underwriting standards in industry, the Financial Times (FT)…
Read MoreHSBC reins in riskier private credit lending, FT reports
It will focus on lower-risk funds and has told clients it will not renew their facilities Published Tue, Jul 7, 2026 · 01:17 PM [HONG KONG] HSBC is pulling back from riskier private credit lending, becoming the latest bank to rein in exposure to the sector after a string of high-profile bankruptcies raised concerns over…
Read MoreFolarin Balogun goes out with a whimper for USMNT in World Cup loss after red card controversy
SEATTLE — After all that, Folarin Balogun’s impact on the U.S. men’s national team’s Round of 16 loss to Belgium amounted to a whimper. The man at the center of a global news cycle over the last 36 hours was, like the rest of his teammates, left to answer for a brutal 4-1 defeat to…
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