Lifestyle
Changi Travel Services cuts 30 staff amid market shifts
Changi Travel Services (CTS) is laying off 30 staff as part of an ongoing restructuring process to tackle changing market conditions, it…
Tag
Cuts
News
How cuts to NASA could hurt everyday Americans
Daniel P. Johnson, a geographer at Indiana University at Indianapolis, works with a team of researchers who spend a lot of time catching…
Business
Singapore shares rise as market eagerly awaits signals of interest rate cuts; STI up 0.3%
Singapore shares rose on Thursday (Aug 21), as the market awaits for hints from US Federal Reserve chairman Jerome Powell about the future…
Culture
Estee Lauder cuts some prices despite the continued tariff toll
Estee Lauder is lowering prices on some items to boost sales, an unusual move at a time when many US consumer companies are raising prices…
Business
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI)…
Business
Saks Global Cuts 90 Positions in Latest Cost Reduction Maneuver
Saks Global triggered another round of layoffs this week, giving pink slips to 90 employees within the luxury retailer’s commercial…
Business
New Zealand central bank cuts rates to three-year low, flags more easing; kiwi tumbles
New Zealand’s central bank cut its policy rate by 25 basis points (bps) to a three-year low of 3 per cent on Wednesday (Aug 20), and…
Business
PBOC signals no urgency for rate cuts despite poor economic news
China’s central bank indicated it’s holding back from aggressively easing monetary policy with moves such as interest-rate cuts, even…
Business
Malaysia’s currency rally not over yet as analysts eye rate cuts
Analysts are now focusing on the potential benefits of lower domestic rates, with currency sentiment further buoyed by government…
Business
Malaysia ringgit’s rally not over yet as analysts eye rate cuts
Analysts are now focusing on the potential benefits of lower domestic rates, with currency sentiment further buoyed by government…
News
Northern Virginia schools face funding cuts after defying administration on transgender policies
It didn't take long for the Trump administration to bring down the hammer after Northern Virginia school officials refused to bar…
News
No more de facto amnesty: Trump cuts deportation court backlog for first time in almost 20 years
President Trump took the adage about finding yourself in a hole and stopping digging to heart -- at least when it comes to illegal…
Business
Oracle cuts cloud division jobs amid surge in AI spending
Many tech giants have sought to deal with the surging costs of artificial intelligence by reducing expenses in other parts of the business…
Business
Wall Street stocks surge on hopes for interest rate cuts by the Fed
U.S. stocks are ticking higher on Wednesday after a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P…
Business
GoTo posts fourth straight adjusted profit, helped by cost cuts
Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting…
News
Sustainable aviation fuels were making progress before federal budget cuts
The federal spending law passed in early July 2025, often called the One Big Beautiful Bill Act, significantly reduces federal funding for…
Business
Thailand’s central bank cuts key rate by 25 bps, as expected
Thailand’s central bank lowered its key interest rate by a quarter point on Wednesday (Aug 13), its fourth cut in 10 months as it looks to…
Business
Thailand’s central bank cuts rates to lowest in two years to support growth
Thailand’s central bank lowered its policy rate by a quarter point on Wednesday (Aug 13), its fourth cut in 10 months, to support a…
Business
Australia’s central bank cuts rates to two-year low of 3.6%
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be…
Business
RBA cuts interest rates, signals more to come as inflation slows
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be…
Business
China cuts coal imports, buys more oil and gas in July
China’s coal imports fell for the fifth time in six months in July as Beijing leans more on domestic mining, while boosting oil and gas…
Business
China cuts coal imports, deepens Asean ties amid trade shifts
China’s coal imports fell for the fifth time in six months in July as Beijing leaned more on domestic mining and boosted oil and gas…
Business
China’s tech giants Alibaba, Baidu, Tencent spook a generation of workers with job cuts
FOR years, a job at one of China’s technology behemoths was a golden ticket for the country’s ambitious youth. Now, a wave of downsizing…
Business
Nextdoor cuts 12% of workforce in quest for profitability
Nextdoor Holdings, the neighbourhood social networking company, is eliminating 12 per cent of its workforce, part of a broader effort by…