Business
TSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei…
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Cuts
Business
TSMC cuts off client after discovering chips diverted to Huawei
TAIWAN Semiconductor Manufacturing Co (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei…
Business
Fed’s Raphael Bostic sees no need to rush on rate cuts
ATLANTA Federal Reserve Bank of Atlanta president Raphael Bostic on Friday (Oct 18) made the case for patient reductions in the central…
Business
China central bank chief flags more interest rate cuts
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to…
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IEA cuts 2024 oil demand growth view, sees surplus looming
THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness…
Business
ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation: sources
CHINA’S ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company…
Unsorted
North Korea fortifies border, cuts final ties with South amid tensions
North Korea’s military announced on Wednesday that it would take a ‘substantial military step’ to completely isolate its territory from…
Business
New Zealand steps up pace of rate cuts as economy weakens
NEW Zealand’s central bank cut interest rates by half a percentage point, stepping up the pace of easing as policymakers become more…
Business
Fed rate cuts will push liquidity across the globe, including to China, despite strong US jobs data
China may be drawing funds from regional markets now, but global liquidity flows to Asia could be the proverbial tide that lifts all boats…
Business
Samsung’s Singapore staff not spared as it cuts thousands of jobs globally amid struggles in AI market
SAMSUNG Electronics is laying off workers in South-east Asia, Australia and New Zealand as part of a plan to reduce global headcount by…
Business
Pakistan cuts 150K jobs, dissolves six ministries as part of IMF deal
Pakistan | (Photo: Shutterstock) 3 min read Last Updated : Sep 29 2024 | 8:34 PM IST In an effort to minimise administrative expenditures,…
Business
Rate cuts set gold on track for best quarter in eight years
GOLD prices were heading for their best quarter in more than eight years on Friday (Sep 27), having hit a series of record highs in recent…
Business
TikTok said to plan job cuts amid a wave of tech industry layoffs
TikTok is expected to make cuts to its global staff, in another blow for the popular social video app as it faces the threat of a new law…