Business
Australian dollar scales 15-month high on strong jobs data
The Australian dollar hit 15-month highs on Thursday as an apparent easing in US-European tensions soothed risk sentiment, while a strong…
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Jobs
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You can buy Steve Jobs' bow ties, desk and other bits of Apple history at this auction
In March 1976, Apple cofounders Steve Jobs and Steve Wozniak both signed a $500 check weeks before the official creation of a California…
Business
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
Business
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve…
Business
Meta plans to cut 10% of jobs at company’s Reality Labs division
Meta Platforms plans to cut 10 per cent of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away…
Business
Wall Street opens higher after jobs data; tariff ruling awaited
Wall Street’s main indexes opened slightly higher on Friday (Jan 9), as investors digested weaker-than-expected jobs data, while awaiting…
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Asian stocks ease, dollar firms ahead of jobs report, ruling on tariffs
Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court…
Business
Gold falls as commodity index adjustments weigh ahead of US jobs data
Gold fell on Friday (Jan 9) as commodity index readjustments and a firm US dollar kept the pressure on prices in the near term, with…
Business
Cathay Pacific seeks savings, cuts some jobs in efficiency push
Cathay Pacific Airways has asked all departments to identify savings and efficiencies in an attempt to rein in expenses, as Hong Kong’s…
Business
Gold, precious metals rise as softer US jobs data boost Fed rate cut bets
Gold and other precious metals rose on Thursday (Jan 8) after US private payroll data showed job openings fell to a 14-month low in…
Business
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Business
Asian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month,…
Business
Wall Street slips at open as investors assess key jobs data
Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for…
Business
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data,…
Business
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse UBS may cut an additional 10,000 jobs by 2027,…
Business
Gold holds steady after weak US jobs data reinforce rate-cut bets
Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of…
Business
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants Omnicom said on…
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Allianz to cut up to 1,800 jobs due to AI advances
German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial…
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McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years McKinsey & Co cut about 200 global…
Business
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP SAID on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and…
Business
ABN Amro to cut 5,200 jobs by 2028
ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision…
Business
Apple cuts jobs across its sales organisation in rare layoff
Employees who lost their jobs have until Jan 20 to secure another position within the company or they will be terminated with a severance…
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Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units Spain’s largest…
Business
Video: What the Jobs Report Tells Us About the Economy
new video loaded: What the Jobs Report Tells Us About the Economy What does the September jobs report, delayed by six weeks because of the…