Business
Carmakers slash prices again in China, defying regulators
Prices for new cars keep falling as automakers compete to clear out inventory in a sluggish market GLOBAL automakers and their dealers in…
Tag
Slash
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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
S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Move made ‘amid evolving macroeconomic conditions’; operating results down 16% at S$1.8 billion UOB’s net profit for the third quarter…
Business
Target to Slash 1,800 Corporate Jobs
Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions. The…
Business
China’s Comac said to slash delivery targets for its C919 jet
The Chinese aircraft maker is seeing bottlenecks in virtually all key parts of its supply chain, hampering its ability to produce jets at…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
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China Launches Undersea AI Data Hub to Slash Cooling Water Use and Emissions
China has begun building an underwater AI data center near Shanghai in an effort to reduce energy and water use tied to traditional data…
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Big Four accounting firm PwC to slash about 1,500 jobs in the US
Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson said on Monday (May 5). The…
Business
Intel delivers disappointing forecast, moves to slash jobs
Intel, the chipmaker attempting a comeback under new chief executive officer Tan Lip-Bu, gave a weak forecast for the current period and…
News
Ukraine is launching a new drone supply model to slash delivery times to troops
Ukraine says it is launching a new supply model to get drones to troops faster. Its defense minister said the system would reduce delivery…
Business
Shein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter,…
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German car supplier Bosch to slash 5,500 jobs, two-thirds in Germany
German automotive supplier Bosch logo is pictured on a plant of the industrial group in Schwaebisch Gmuend. Bernd Weißbrod/dpa German…
Business
DBS, OCBC, UOB aim to stay competitive as foreign players slash mortgage rates
Foreign banks in Singapore have slashed their home loan rates to as low as 2.45%, lower than that offered by the local banks SINGAPORE’S…
Business
Hoping for banks to slash mortgage rates? Don’t hold your breath, analysts say
Fed’s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages MORTGAGE rates in…