Business
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell…
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Bay Area tech workers thought their jobs were safe. Then the 'golden handcuffs' came off
Evan Richardson grew up in Silicon Valley, surrounded by big tech companies that transformed how people live, socialize and work. As a…
Business
Coty to Cut 700 Jobs Amid Strategic Overhaul
Coty Inc., the beauty company behind the likes of Covergirl, Kylie Cosmetics and Lancaster, among many others, is cutting up to 700 jobs…
Business
ECB to cut rates again to help economy overcome trade turmoil
The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up…
Business
German consumer body opposes EU plans to cut airline liability
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Autodesk to cut jobs as it targets higher profits
AUTODESK is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including…
Business
Thai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and…
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China must cut 15% of steel capacity to meet 2025 climate goals
CHINA needs to tackle its steel glut by cutting 15 per cent of capacity this year, if mills are to meet their 2025 climate goals and…
Business
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according…
Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…
Business
RBNZ set to deliver third half-point rate cut to revive economy
NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle…
Business
Southwest Airlines to cut 15% of corporate jobs in first-ever layoffs
SOUTHWEST Airlines will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in…
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The Perfect Boss: Does Yours Make the Cut?
Ever wondered if your boss ticks all the right boxes? You know, the kind of leader who really gets it. Being a good manager isn’t just…
Business
Porsche to cut another 2k jobs in Germany by 2029
Carmaker Porsche is reportedly planning to layoff an additional 1,900 people in Germany by 2029, following a review of an ongoing…
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German sports carmaker Porsche to cut 1,900 jobs
The job cuts follow a three-percent fall in deliveries worldwide last year -- driven by a 28-percent drop in China (Daniel ROLAND) Sports…
Business
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns…
Business
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources…
Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million)…
Business
ECB to cut rates again, with a nervous eye on Trump - The Business Times
EUROZONE rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track…
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British submarine hunters will be flying new patrols amid fresh fears bad actors could cut critical underwater cables
The UK is sending submarine-hunting aircraft to participate in a new NATO operation in the Baltic Sea. The operation is a response to…
Business
Cathay Pacific to cut profit payout to staff by around 50% - The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Business
Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy - The Business Times
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time…