Posts by Liam Redmond
Trump demands CNN get new owners in Warner bidding war
US PRESIDENT Donald Trump said on Wednesday that he wants to ensure CNN gets new ownership as part of the Warner Bros Discovery sale, targeting the news outlet he has long feuded with. Warner Bros Discovery has become the centre of a bidding war between Paramount – led by CEO David Ellison, son of Trump…
Read MoreFormer Cathay cinema operator mm2 gets lifeline after High Court shields it from creditors for 4 months
The company will need to devote its “somewhat finite bandwidth” to restructuring in the coming weeks [SINGAPORE] Former Cathay Cineplexes operator mm2 Asia has been given a lifeline after the High Court on Dec 10 allowed the company to be shielded from creditors and legal proceedings for four months while it works out a restructuring…
Read MoreBreitbart Business Digest: Why Markets Aren’t Panicking About Fed Independence
A Trumpier Fed Isn’t An Inflation Threat The financial press has been trying its best for months to gin up a panic over the independence of the Federal Reserve. We’ve had a number of dress rehearsals for the supposed death of Fed independence over the last few years. When President Trump started criticizing Fed chairman…
Read MoreExclusive | Trump says he wants a new owner for CNN as part of any sale of Warner Bros. Discovery: ‘A very dishonest group of people’
Donald Trump said he wants a new owner for CNN as part of any sale of its parent Warner Bros. Discovery – a signal that he prefers an offer by Paramount Skydance to purchase the media conglomerate versus last week’s winning bid from Netflix. Streaming giant Netflix has agreed to buy WBD’s Warner Bros. studio…
Read MoreThe world needs a lot more copper. But will there be enough supply?
The market has been hit by a slew of mine outages this year, from Chile to Indonesia COPPER is one of the world’s most ubiquitous metals, used in just about everything that’s electrified: smartphones, refrigerators, electric vehicles (EVs), power grids and much more. It’s a crucial material for the green technologies that can lower global…
Read MoreCoca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier and more affordable drinks and snacks. Coca-Cola’s portfolio of zero sugar beverages, as well as its more premium product lines such as Fairlife milk, have held the…
Read MoreConnecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific
Leveraging stakes in banks in Indonesia, Thailand, Vietnam and the Philippines enables MUFG to extend more support to its customers [SINGAPORE] The appointment of Nobuya Kawasaki as chief executive for the Asia-Pacific at MUFG is a homecoming of sorts, with him having spent seven years – from 2013 to 2020 – in Singapore leading the…
Read MoreOperating autonomous vehicles in Singapore has ‘symbolic value’ despite small market size: Pony.ai CEO
It is partnering ComfortDelGro to launch commercial autonomous vehicle services in the city-state [SINGAPORE] The Chinese self-driving technology firm Pony.ai has been looking beyond the mainland Chinese market in the last 12 months as part of its fleet expansion strategy. Just this year, Pony.ai has gained a permit to start testing in South Korea and…
Read MoreExclusive | Pastor who inspired Charlie Kirk’s final book on the Sabbath reveals the backstory
WASHINGTON — The pastor who inspired Charlie Kirk’s final book on the Sabbath opened up about how he managed to persuade the late conservative icon to practice the Christian tradition. David Engelhardt, pastor of Kings Church in New York City, met up with Kirk for lunch in the summer of 2021 when the Turning Point…
Read MoreUS seizes oil tanker off coast of Venezuela, Trump says
[WASHINGTON] The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas in a move that also raised oil prices. “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening,” Trump said. Asked what would…
Read MoreBank of America CEO expects markets revenue to jump in fourth quarter
[NEW YORK] Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10 per cent in the fourth quarter, while investment banking fees will be broadly flat. Markets sold off in November as concerns about a bubble in AI stocks…
Read MoreIntel, AMD accused of allowing chips in Russian missiles
MICROCHIP manufacturers Intel, Advanced Micro Devices (AMD) and Texas Instruments were accused in a series of lawsuits of failing to keep their technology out of Russian-made weapons used to kill and wound civilians in Ukraine. Those companies, along with a company owned by Warren Buffett’s Berkshire Hathaway, demonstrated “wilful ignorance” as third parties resold restricted…
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