Posts by Liam Redmond
Commerzbank to cut 3,000 jobs in bid to hit profit targets, as it fends off UniCredit takeover
[ad_1] The bank upgrades a series of financial targets, foreseeing higher profit and revenues by 2028 Published Fri, May 8, 2026 · 02:21 PM [FRANKFURT] Commerzbank said on Friday (May 8) that it plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a…
Read MoreNo AI, poor returns drive Indian investors to foreign markets
[ad_1] Published Fri, May 8, 2026 · 02:21 PM [MUMBAI] Investors in India, long focused almost entirely on domestic markets, are increasingly starting to look outward. A growing number are moving money abroad, seeking diversification after a stretch of weaker relative returns and sustained foreign outflows from local equities that have driven the rupee to…
Read MoreChicago street performer Andrew David robbed in broad daylight while singing by teen in viral video
[ad_1] Shocking viral video captured a brazen teenage thief swiping a veteran Chicago street performer’s donation box filled with cash in broad daylight on one of the city’s busiest corners. Singer Andrew David was busking Ed Sheeran’s hit “Perfect” in front of the One North State building in Chicago’s business district on Monday afternoon when…
Read MoreCanyon fire explodes to 2,000 acres as it burns out of control in Kern County
[ad_1] A rapidly spreading wildfire in Kern County ballooned from 100 acres to 2,000 acres within hours Thursday as crews battled difficult terrain near Ridgecrest, according to CAL FIRE. The blaze, identified as the Canyon Fire, was first reported at 3:54 p.m. near Highway 14 and Highway 178. By 4:02 p.m., officials said the fire…
Read MoreSony gives upbeat outlook with help from music and games empire
[ad_1] Published Fri, May 8, 2026 · 11:33 AM [TOKYO] Sony Group projected profit this year largely in line with expectations as it pours further investment into its growing portfolio of intellectual property rights spanning music, movies and games. For the year through March 2027, the Tokyo-based company expects an operating profit of 1.6 trillion…
Read MoreMiddle Eastern banks tap China growth by beefing up presence in Hong Kong
[ad_1] Gulf lenders have been expanding outside of their home turfs in the Middle East and beyond in recent years Published Fri, May 8, 2026 · 11:29 AM [HONG KONG] The UAE’s top lender and two other Middle Eastern banks are launching or expanding operations in Hong Kong, as they target better China connectivity and…
Read MoreAnt-infested Canadian hospital pauses surgeries after insect invasion
[ad_1] This hospital could make anybody antsy. A Canadian hospital was forced to suspend surgeries for many of its patients after an army of ants overtook the medical facility. Carman Memorial Hospital in southern Manitoba has temporarily paused certain procedures after the infestation impeded staff’s ability to keep operating rooms sterile — and ant-free, the…
Read MoreSumitomo Mitsui Trust Bank targeting US$500 million for new aircraft lease fund
[ad_1] The fund will purchase Boeing and Airbus aircraft and lease them to airlines globally Published Fri, May 8, 2026 · 11:12 AM [TOKYO] Japan’s Sumitomo Mitsui Trust Group (SMTG) is planning to launch a new aircraft lease fund, aiming to raise US$500 million from investors in Japan, Asia and the Middle East, an executive…
Read MoreCitigroup targets hedge funds, private equity in FX growth push
[ad_1] Options have become a growing focus within FX as trading activity accelerates, making it a priority for the Wall Street bank Published Fri, May 8, 2026 · 11:03 AM [SINGAPORE] Citigroup is expanding its foreign-exchange (FX) business with hedge fund and private-equity clients, part of a broader push as global trading volumes rise. The…
Read MoreTrump administration invites Nvidia, Boeing CEOs for China trip: report
[ad_1] Executives from Qualcomm, Blackstone, Citigroup, and Visa are also on the invitation list, according to the report Published Fri, May 8, 2026 · 10:41 AM [WASHINGTON] The Trump administration is inviting CEOs from Nvidia, Apple, Exxon, Boeing and other big companies to accompany the president on his trip to China next week, Semafor reported…
Read MoreConverse CEO promises staff new brand strategy will work amid layoffs, dismal quarterly sales
[ad_1] As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold Published Fri, May 8, 2026 · 10:16 AM [NEW YORK] After layoffs and its worst quarterly sales in more than a decade, Converse’s top executive attempted to reassure his staff that the brand’s strategy will succeed. “I…
Read MoreJerry Seinfeld takes jab at ‘Friends,’ claims it copied his sitcom ‘Seinfeld’
[ad_1] Jerry Seinfeld thew a little shade at “Friends” during at the 2026 Netflix Is a Joke Festival, claiming the show was inspired by his own iconic sitcom, “Seinfeld.” The comedian made the comment during his set at the Greek Theatre in Los Angeles Tuesday during a bit in which he asked the audience to…
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