Posts by Liam Redmond
AI boom is turning Malaysia’s palm oil estates into data centres
[ad_1] The rush is partly a spillover from Singapore, where a years-long moratorium on new centres forced operators to look north [KUALA LUMPUR] Malaysia’s palm oil giants, long-blamed for razing rainforests, fuelling toxic haze and driving orangutans to the brink of extinction, are recasting themselves as unlikely champions in a different, potentially greener race: the…
Read MoreTrump warns against AI ‘overregulation,’ says US needs to have one federal standard
[ad_1] [WASHINGTON] President Donald Trump said on Tuesday the US must have one federal standard for regulating artificial intelligence, saying the technology risked being over-regulated if each American state came up with its own standard. “Overregulation by the States is threatening to undermine this Growth Engine,” Trump said on social media. “We MUST have one Federal Standard instead of…
Read MoreTrump could announce next Fed chair before Christmas, Bessent tells Fox News
[ad_1] US PRESIDENT Donald Trump will meet the final shortlist of candidates for the next Federal Reserve chair after Thanksgiving and he could announce his pick before Christmas, US Treasury Secretary Scott Bessent said in an interview with Fox News on Tuesday. “We moved the list from 11 to five. We’re doing another round of interviews, then…
Read MoreOverdue QB change finally gives Jets a chance to evaluate another key roster spot
[ad_1] If you’re expecting Tyrod Taylor to save this Jets season from further ignominy, lower your expectations. If you think he’s any part of their murky future at quarterback, think again. If your hope is that he’ll be slinging the ball all over the field like Josh Allen when he starts in place of the…
Read MoreCATL’s 92% rally in Hong Kong faces threat from lockup expiry
[ad_1] Besides cashing out on the stock’s stellar gains, investors have at least one more reason to sell: valuation [HONG KONG] Shares of Contemporary Amperex Technology Co Limited (CATL), up 92 per cent since their listing in Hong Kong this May, are bracing for a crucial test as selling restrictions on early investors expire on…
Read MoreMeta wins major antitrust case as US judge rules no monopoly
[ad_1] Ruling represents a setback for US antitrust enforcers who have pursued aggressive action against Big Tech companies A US judge dismissed the federal government’s antitrust lawsuit against Meta on Tuesday, ruling that the tech giant’s acquisition of Instagram and Whatsapp did not constitute an illegal monopoly in social media. The ruling delivered a major…
Read MoreExpert says Sarah Ferguson is ‘shaken to the core’ over ex-Prince Andrew’s Epstein fallout
[ad_1] Sarah Ferguson is reportedly “shaken to the core” as she navigates uncertainty amid her royal downfall. On Oct. 30, King Charles III stripped his disgraced brother, Prince Andrew, of his royal titles. He also evicted him from Royal Lodge after weeks of pressure to act over the former Duke of York’s friendship with late…
Read MoreNvidia, Microsoft invest US$15 billion in AI startup Anthropic
[ad_1] The massive investment comes a month after Nvidia announced it will pump as much as US$100 billion into OpenAI NVIDIA and Microsoft announced on Tuesday investments totaling US$15 billion in AI startup Anthropic, creator of the Claude chatbot, amid frenzied spending on the technology and growing fears of a bubble. AI chip powerhouse Nvidia…
Read MoreAI bubble and growth fears are creeping into US credit markets
[ad_1] Risk premiums on everything from investment-grade corporates to junk bonds are hovering near their highest levels in weeks [NEW YORK] The malaise sweeping financial markets globally is creeping into credit markets. Risk premiums on everything from investment-grade corporates to junk bonds are hovering near their highest levels in weeks. On Monday (Nov 17), investors…
Read MoreUS: S&P 500 ends down for fourth day as valuation worries weigh, Home Depot drops
[ad_1] [NEW YORK] US stocks ended lower on Tuesday, with the S&P 500 putting in a fourth day of losses as valuation worries hit big technology-related shares and a disappointing forecast pressured Home Depot. Quarterly results from artificial intelligence and market leader Nvidia are due after the bell on Wednesday. The US earnings season is near its…
Read MoreEurope: Shares close at one-month low on Fed rate cut worries, tech valuations
[ad_1] EUROPEAN shares fell on Tuesday, with those in Germany near a five-month low as a broad risk-off mood gripped global markets, sparked by worries about an overvalued tech sector and diminishing prospects of an imminent interest rate cut from the US Federal Reserve. The pan-European Stoxx 600 fell 1.72 per cent to 561.86 points to close…
Read MoreOil settles up 1% on Russia sanctions, interviews for next US Fed chair
[ad_1] [HOUSTON] Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as US President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair. Brent crude settled up 69 cents, or 1.07 per cent, at US$64.89 a barrel. US…
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