Posts by Liam Redmond
A guide to the Nvidia chips at the centre of US-China AI rivalry
[ad_1] [SAN FRANCISCO] As China races to catch up with the US in artificial intelligence (AI) technology, the state of relations between the countries can be gauged by looking at which of the chips made by Silicon Valley’s Nvidia can be shipped to Chinese customers. Generally regarded as the global leader in AI hardware, the…
Read MoreNew Zealand central bank says policy path not preset, guided by inflation outlook
[ad_1] [WELLINGTON] New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made if the outlook for inflation changed. Reserve Bank of New Zealand Governor Anna Breman, who stepped into the role last week, told reporters that the monetary policy committee was keeping…
Read MoreAI memory chipmaker SK Hynix weighs New York stock listing
[ad_1] [TORONTO] SK Hynix is exploring the possibility of listing shares in New York, a move seen potentially helping close the valuation gap between the South Korean chipmaker and US peers, including Micron Technology. The company is “reviewing various measures to enhance corporate value, including a potential listing on the US stock market using treasury…
Read MoreAriana Grande attacker gets kicked out of Lady Gaga concert in Australia
[ad_1] The Mayhem Ball was one little monster short on Tuesday. Ariana Grande attacker Johnson Wen was kicked out of Lady Gaga’s concert in Australia hours before the singer was set to take the stage. Videos shared online showed the influencer being escorted out of Suncorp Stadium in Brisbane by employees. In the clip, many…
Read MoreFed chair front-runner Hassett says ‘plenty of room’ to cut rates
[ad_1] [WASHINGTON] White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday there is “plenty of room” to cut interest rates further, though he added that if inflation rises the calculation may change. Meanwhile, President Donald Trump said he continues to search for…
Read MoreTrump says he has ‘good idea’ of who he wants for Fed chair
[ad_1] PRESIDENT Donald Trump said he will be looking at a couple of candidates to chair the Federal Reserve, after the Financial Times reported that he would begin interviews with contenders this week. “We’re going to be looking at a couple different people, but I have a pretty good idea of who I want,” Trump…
Read MoreCracker Barrel shares tumble over 10% after logo fiasco forces chain to slash forecast
[ad_1] Cracker Barrel posted lower-than-expected sales in its fiscal first quarter and trimmed its revenue forecast for the year as it continued to feel the fallout from a botched plan to revamp its logo and restaurants. The Lebanon, Tennessee-based restaurant chain said Tuesday its revenue fell 5.7% to $797.2 million in the three months ending Oct. 31.…
Read MoreWells Fargo expects more job cuts, will roll out AI gradually in 2026
[ad_1] [NEW YORK] Wells Fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, CEO Charlie Scharf said on Tuesday (Dec 9), adding that artificial intelligence (AI) was set to change the way its business works. “We have gone through the budgeting process, and even pre-artificial intelligence, we…
Read MoreShould CapitaLand Ascendas Reit rejig its portfolio further in favour of data centres and life sciences assets?
[ad_1] With the Reit in a prime position to capitalise on its advantage in such assets, this is the right time to seize the opportunities [SINGAPORE] CapitaLand Ascendas Reit’s (Clar) portfolio has seen a fair amount of activity in the past few months. It has divested some of its legacy logistics assets while growing its…
Read MoreWorld watches first teen social media ban kick off in Australia
[ad_1] [SYDNEY] Australia’s social media ban for youths took effect on Wednesday (Dec 10), a landmark move that’s drawn global attention at a time governments are increasingly enacting rules to shield minors from toxic content and cyberbullying. The law, passed last year, mandates services such as ByteDance’s TikTok and Meta Platforms’ Instagram keep under-16s off…
Read MoreRising PGA Tour star Ben Griffin marries Dana Myeroff in luxurious Palm Beach wedding
[ad_1] Ben Griffin is capping off a career year on the PGA Tour as a married man. On Saturday, the 29-year-old golfer married fiancée Dana Myeroff at The Colony Hotel in Palm Beach, where the couple’s 125 guests got “to experience the magic” of the South Florida locale. “Weddings are typically the one time in…
Read MoreSwatch and Citizen face Italian scrutiny over pricing practices
[ad_1] [MILAN] The Italian competition authority said on Tuesday it had opened two investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch. The probes involve an alleged infringement of European rules on the fixing of retail prices displayed online by the groups’ authorised distributors. The two companies may be limiting price competition among their retailers through a…
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