Fashion
Trafigura facing US$1.1 billion hit in Mongolia after fraud probe: sources
[ad_1] Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with...
Manulife cuts 2.5% of staff in wealth and asset management unit
[ad_1] Manulife Financial has cut hundreds of jobs in its global wealth and asset management business, representing about 2.5 per cent of the division’s staff. The move was made “in an...
New Starbucks CEO is testing investors’ US$21 billion bet
[ad_1] Starbucks’ new chief executive Brian Niccol is facing a key test: convincing investors he’s worth the US$21 billion in market value the coffee chain notched after his appointment.On Wednesday...
Apple is trying to sell loyal iPhone users on AI tools. Here’s what Apple Intelligence can do
[ad_1] Apple’s new artificial intelligence tools are here. Now the company is trying to help customers understand them. The Cupertino, Calif.-based tech giant on Wednesday began offering 15-minute sessions for...
Siemens agrees to buy software group Altair in US$10 billion deal
[ad_1] Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition. The German engineering group will pay Altair investors US$113 a share,...
Oil rises on US stockpiles drawdown, Opec+ mulls output hike delay
[ad_1] Oil prices rebounded on Wednesday (Oct 30), rising more than 2 per cent after data showed US crude and gasoline inventories fell unexpectedly last week and on reports that...
Apple launches new, more powerful versions of MacBook Pro
[ad_1] APPLE on Wednesday (Oct 30) unveiled new MacBook Pro models that feature more powerful processors for tasks such as photo and video editing, aiming to bolster its appeal among...
DHL cuts earnings outlook on weak B2B volumes
[ad_1] DHL cut its guidance for 2024 earnings before interest and taxes (Ebit) on Wednesday (Oct 30), citing continuously weak business-to-business mail volumes and lower-than-expected margins in its air freight...
AstraZeneca says its China operations president under investigation
[ad_1] It was not immediately clear whether the executive Leon Wang was in the custody of the Chinese governmentAstraZeneca’s China president is under investigation and is cooperating with Chinese authorities,...
US: Wall St subdued at open as investors weigh earnings, data
[ad_1] US stock indexes were subdued at the open on Wednesday (Oct 30), as investors assessed mixed earnings reports and data that showed the economy maintained a solid pace of...
