Culture
UK’s Direct Line plans to cut 550 jobs, posts fall in gross premiums
DIRECT Line Insurance Group unveiled plans on Monday (Nov 11) to cut 550 roles, or about 5 per cent of its global workforce, and reported a fall in gross...
BYD closing in on Ford deliveries after besting Tesla on revenue
FRESH from besting Tesla on quarterly revenue for the first time as an electric vehicle (EV) company, BYD now has legacy automakers in its sight.The extraordinary sales volumes being...
Vietnam says Temu, Shein must register with government or be blocked
VIETNAM said Chinese online retailers Shein and Temu need to register with the government before the end of November or it will block their Internet domains and apps from...
Vietnam central bank ready to sell US dollars to keep exchange rate stable
VIETNAM’S central bank is ready to sell US dollars to the market to keep the exchange rate stable, governor Nguyen Thi Hong said on Monday (Nov 11).“The exchange rate...
SIA expects passenger yields to further moderate
SINGAPORE Airlines (SIA) expects passenger yields to continue to moderate amid rising industry capacity, even as dipping yields across all its markets and customer segments have hit the group’s...
BANK of Japan hints at caution on rate hike with no clear December hint
BANK of Japan (BOJ) board members discussed the need for caution on raising its benchmark rate and offered no clear hint of a move next month, a summary of...
Hedge funds shorting Tesla just lost more than US$5 billion
SINCE Donald Trump’s election win, the hedge funds clinging on to bets against Tesla have lost billions of US dollars, as they feel the fallout of the special relationship...
Top UBS banker in Australia sees role helping ultra-rich invest abroad
UBS Group expects rich Australians to seek more investment outside the country as assets grow and they want to diversify more. Anthony Sweetman, UBS’s Australasia joint country head, said...
China’s economic rescue plan leaves commodities stuck on pause
GLOBAL commodities markets are stuck in a holding pattern after China’s latest effort to revive its economy focused on the much-needed restructuring of local government debt, but stopped short...
Delivery Hero to list Talabat business in Dubai in December
TALABAT, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15 per cent of its issued shares, its German parent said...
