Business
Internet services cut for hours by Amazon cloud outage
Crypto exchange Coinbase, as well as games Fortnite and Roblox, were among those affected MANY popular Internet services, from streaming…
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Business
Asia: Stocks rise as traders weigh China-US row, rate cut hopes
ASIAN equities edged up on Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal…
Business
Asia: Markets rally as Fed cut hopes Trump trade war fears
STOCKS jumped on Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the…
News
Deadly landslides and flooding cut off 300 communities in Mexico
MEXICO CITY (AP) — More than 300 communities in central and eastern Mexico remained cut off by deadly landslides and flooding on Tuesday,…
Business
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial…
Business
Fed minutes show caution over inflation even as officials cut rates
Federal funds futures contracts suggest investors see rate cuts likely in October and December US Federal Reserve officials showed a…
Business
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle New Zealand’s central bank cut…
Business
Europe: Stocks close at record high on tech rally, hopes for Fed rate cut
Investors are also watching any developments related to the US government shutdown European shares closed at a record high for a second…
Business
South Korea’s property market rally clouds case for central bank rate cut
South Korea’s property market extended its rally to a 35th week, with price gains accelerating despite government measures to cool demand…
Business
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
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New Thai central bank chief’s arrival fuels bets of larger cut
The leadership transition at the bank also comes as the country sees its third government change in just over two years When Vitai…
Business
Exxon to cut 2,000 workers as oil sector job losses mount
ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its…
Business
ExxonMobil to cut 2,000 workers as oil sector job losses mount
ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its…
Business
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand…
Business
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Unsorted
Gary Shteyngart’s Tragicomedy of the Penis in “The Guy Who Got Cut Wrong”
Watch “The Guy Who Got Cut Wrong.” Gary Shteyngart was just seven years old when his family emigrated from the Soviet Union and settled in…
Business
Global funds cut holdings of Chinese bonds to lowest since 2021
Overseas investors also cut their exposure to negotiable certificate of deposits in August Overseas funds offloaded Chinese sovereign…
Business
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first…
Business
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal Reserve…
Business
Europe: Chip-led technology rally drive Stoxx 600 higher after Fed rate cut
EUROPEAN shares ended on Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the US Federal…
Business
US: Stocks end at record highs after Fed rate cut, Nvidia-Intel deal
US EQUITY indices finished at fresh records on Thursday following the Federal Reserve’s first interest rate cut of 2025 while Intel surged…
Business
Analysts see silver lining for fixed income amid US Fed rate cut, but uncertainty over trajectory weighs on investors
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets…
Business
Fed’s quarter-point rate cut does not signal a sustained easing cycle: analysts
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets…