Business
ING to cut 230 jobs as it has ‘too many’ managing directors
Groep announced a round of cuts focused on senior staff saying there are just too many of them. The Dutch lender plans to eliminate 230…
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Jobs
News
Pam Bondi clashes with House Democrats over cutting jobs at ATF
Fireworks erupted Monday at a House hearing when Rep. Rosa DeLauro accused Attorney General Pam Bondi of trying to whittle away the Bureau…
Business
Stellantis shares fall as new CEO avoids big shake-up of top jobs
Stellantis new CEO Antonio Filosa started his tenure on Monday (Jun 23) by retaining his previous role as head of the key North American…
Business
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker…
Business
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.…
Fashion
Qantas’ Jetstar Asia to shut down on Jul 31; over 500 staff to lose jobs
Australian flag carrier Qantas will wind down operations for its Singapore-based unit Jetstar Asia and shut it down on Jul 31, 2025, as…
Business
Barclays cuts more than 200 investment bank jobs to reduce costs
Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS…
Business
Gold falls on strong US jobs data and improved trade outlook
Gold prices fell on Monday (Jun 9) as a stronger-than-expected US jobs report cooled expectations of interest rate cuts from the Federal…
News
Jobs at the Port of Los Angeles are down by half, executive director says
Job opportunities at the Port of Los Angeles are dwindling as President Trump’s steep tariffs take a hit on global trade and a major…
Business
Crude climbs on US jobs report, China talks
Crude rose more than US$1 a barrel on Friday, posting its first weekly gain in three weeks after a favourable US jobs report and resumed…
Business
Europe: Equities gain for second week on jobs data and trade hopes
EUROPEAN shares rose for a second straight week, buoyed by robust US employment figures and diminishing concerns over trade friction that…
Business
US: Stocks rebound on jobs data relief, US-China talks
Wall Street stocks bounced on Friday as solid US employment data helped stave off concerns of an imminent downturn, while President Donald…
News
Trump Team Scrambles After Report He’s Killing Manufacturing Jobs
“Elon endorsed me very strongly, he actually campaigned for me.… I would’ve won Pennsylvania easily anyway, even if the governor ran, the…
Business
US: Wall Street opens higher on jobs data optimism; Tesla rebounds
stock indexes opened higher on Friday (Jun 6) after a strong jobs report calmed worries over the health of the labour market, while Tesla…
Business
Amazon cuts more jobs, this time in books division
Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The…
Business
US: Wall Street opens higher as investors focus on trade, key jobs data
stock indexes opened higher on Thursday (Jun 5) after signs of tariff negotiations between the US and China, while investors looked ahead…
Business
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 — The company will reduce headcount by more than 5,000…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as…
Business
Citi to cut 3,500 tech jobs in China in global revamp
Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5),…
Business
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year,…
Business
Asia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities…
News
Gold steady as US-China trade uncertainty offsets strong US jobs data
Gold prices held steady on Wednesday (Jun 4) as the uncertainty over US-China trade relations offset the impact of strong US jobs data…
Business
Microsoft cuts hundreds more jobs after firing 6,000 last month
The AI boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save…