Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…
Tag
Cut
Business
RBNZ set to deliver third half-point rate cut to revive economy
NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle…
Business
Southwest Airlines to cut 15% of corporate jobs in first-ever layoffs
SOUTHWEST Airlines will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in…
Business
Australia set for first rate cut since 2020 as trade risks mount
AUSTRALIA’S central bank is poised to cut interest rates for the first time in four years even as the board remains alert to potential…
Culture
The Perfect Boss: Does Yours Make the Cut?
Ever wondered if your boss ticks all the right boxes? You know, the kind of leader who really gets it. Being a good manager isn’t just…
Business
Jeff Bezos space firm Blue Origin to cut a tenth of jobs
Blue Origin, the rocket company owned by Amazon founder Jeff Bezos, is laying off about 1,400 employees, or about 10% of its workforce,…
Business
Santander and Barclays cut mortgage rates below 4% as market picks up.
Kevin Peachey Cost of living correspondent Two major lenders launched mortgage deals on Thursday with interest rates of less than 4%, as…
Business
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns…
News
Sri Lanka: Minister blames monkey for nationwide power cut
A nationwide blackout in Sri Lanka has been blamed on a monkey that intruded into a power station south of Colombo. Power is gradually…
Business
Malaysia’s Petronas to cut jobs to ensure survival: reports
MALAYSIA’S state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global…
Business
Workday to cut nearly 2,000 workers on profit focus
WORKDAY is cutting about 8.5 per cent of its workforce, making it the latest technology company to begin 2025 with headcount reductions.…
Culture
‘The Brutalist’ Cinematographer Lol Crawley Praises ‘Pragmatic’ Brady Corbet: ‘He’ll Cut His Cloth and Find a Way Through It’
British cinematographer Lol Crawley spoke about his experience of shooting Brady Corbet’s Oscar-nominated epic “The Brutalist” at this…
Business
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources…
Business
Walmart to cut hundreds of jobs, relocate staff to main hubs
WALMART is eliminating some jobs and asking workers to move to central offices in Arkansas or California, continuing the retailer’s push…
Business
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs
ESTEE Lauder on Tuesday (Feb 4) forecast third-quarter profit well below estimates, citing persistent weak demand at airports and travel…
Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its…
Business
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million)…
News
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition…
Business
ECB to cut interest rates, keep door open to further easing
THE European Central Bank (ECB) is all but certain to cut interest rates on Thursday (Jan 30) and is likely to keep open the door to…
Business
ECB to cut rates again, with a nervous eye on Trump
EUROZONE rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track…
Business
Cathay Pacific to cut profit payout to staff by around 50%
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
News
Opinion: Why Israel can't just 'cut the head off' of Hamas or Hezbollah
Since the horrific Hamas terrorist attacks of Oct. 7, 2023, Israel has been at war in the Middle East. The conflict has stretched across…
Fashion
Karen Bass: LA Mayor Drastically Cut Fire Department Funding and Handed Out Rich Contracts to City Workers Months before Catastrophic Wildfires
Los Angeles was forced to slash funding at a major scale for its fire department after Mayor Karen Bass approved a number of lucrative…