Posts by Liam Redmond
Coca-Cola names insider Henrique Braun as new CEO
[ad_1] 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…
Read MoreConnecting clients, portfolio companies is next for Japan’s MUFG in Asia-Pacific
[ad_1] 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…
Read MoreOperating autonomous vehicles in Singapore has ‘symbolic value’ despite small market size: Pony.ai CEO
[ad_1] 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…
Read MoreExclusive | Pastor who inspired Charlie Kirk’s final book on the Sabbath reveals the backstory
[ad_1] 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…
Read MoreUS seizes oil tanker off coast of Venezuela, Trump says
[ad_1] [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…
Read MoreBank of America CEO expects markets revenue to jump in fourth quarter
[ad_1] [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…
Read MoreIntel, AMD accused of allowing chips in Russian missiles
[ad_1] 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…
Read MoreOil settles higher after US seizes tanker off Venezuela’s coast
[ad_1] [NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies. Brent crude futures rose 27 cents, or 0.4 per cent, to settle at US$62.21 a barrel, while US West Texas Intermediate crude futures gained 21 cents, or 0.4 per…
Read MoreUS stocks close higher after Fed cuts interest rates
[ad_1] WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on pause for now as its estimates pointed to a solid economy. The central bank said that before its next policy change it would look ahead…
Read MoreVance jokingly suggests banning words ‘six’ and ‘seven’ after son chants grating phrase in church
[ad_1] WASHINGTON — Vance 2028, said parents and educators everywhere. Even the vice president of the United States isn’t immune to the “six-seven” obsession of children that’s getting on the last nerve of every parent and teacher in the US. Vice President JD Vance jokingly suggesting a “narrow exception” to the First Amendment to ban…
Read MoreDivided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
[ad_1] The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target [WASHINGTON] A sharply divided Federal Reserve cut interest rates on Wednesday but signalled borrowing costs are unlikely to drop further in the near term as it awaits clarity on the direction of a job…
Read MoreSorry, not sorry! Canada goes luxury with new lodges and artful adventures
[ad_1] True luxury in travel is tricky to pin down today. “It’s not just one thing anymore,” said Abercrombie & Kent’s Kathrin Petty. “Some people want to be pampered — but it’s also deep diving into an adventure other people would not necessarily have.” But why choose? In Canada, you can have it all —…
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