McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years McKinsey & Co cut about 200 global tech jobs in the past week as the consulting firm…
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Culture
MOH orders Cordlife to stop collecting new cord blood in fresh blow to company
Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or storing new cord blood, effective Wednesday (Nov 26).…
MOH orders Cordlife to stop collecting cord blood; company calls for trading halt
Embattled cord-blood bank Cordlife received a notice from the Ministry of Health (MOH) to stop collecting, testing, processing and/or storing new cord blood, effective Wednesday (Nov 26).…
Hiew Yoon Khong's exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree…
Japan's Nikkei surges after Wall Street's gains
Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects of…
Surgical tech firm UltraGreen.ai files for US$150 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; of which 5.9 million shares will be offered via a public offer in Singapore Medical imaging and surgery technology firm…
Meta allegedly buried internal research on social media harms
Meta allegedly stopped internal research on social media’s impact on people after finding negative results, a court filing released Friday claims. The filing took place in a Northern…
While AI targets corner offices, hourly workers are left behind
We have reached the moment white collar workers have feared for months. Has AI finally come for my job? Companies like Salesforce claim they need fewer human employees to do the work AI…
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic overcapacity [BAODING, China] China’s Great Wall…
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
Indonesian sovereign wealth fund Danantara is raising an additional 12.6 trillion rupiah (S$991 million) through a debt offering to the nation’s wealthiest businesses and families,…
Asian stocks extend global rally as data boost rate cut hopes
ASIA extended a global equities rally on Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month. A report…
Maersk sees better safety in Red Sea as it eyes eventual return
Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages AP MOLLER-MAERSK said that the conditions for it to resume transit through the…
Noem gave final approval to deport Venezuelans to El Salvador despite judge's orders
Homeland Security Secretary Kristi Noem made the final decision to deport Venezuelan gang suspects to El Salvador in March despite a judge's order instructing the government to recall the…
Brookfield builds decarbonisation platform with maiden renewable investments in the Philippines, Thailand and Vietnam
The global investment firm aims to catalyse platforms that deliver reliable, low-carbon energy Brookfield Asset Management has made its first renewables investments in the Philippines,…
Trump: More Obamacare subsidies 'may be necessary to get something else done'
President Trump late Tuesday disputed reports that he wants to temporarily extend enhanced Obamacare subsidies for two years, but left the door open to compromising on extension to get a…
The story of a K-pop fan: I spent S$2,500 to win a 1.5-minute fancall with my idol
What lengths do K-pop fans go to in order to see their idols? The Business Times looks at three scenarios of how fans engage with K-pop, as well as how the industry has grown in Singapore.…
Seatrium bags new BP contract; lifts order book to more than S$2 billion
Marine engineering company Seatrium on Wednesday (Nov 26) announced that it has been awarded a contract from BP Exploration and Production for the engineering, procurement, construction…
New Zealand central bank cuts cash rate by 25 bps to 2.25%
Policymakers signal likely end to easing cycle as economy shows early signs of picking up New Zealand’s central bank cut its benchmark official cash rate (OCR) by 25 basis points to 2.25…
We’re drowning in content, but starving for connection.
I feel it—the strain, the fractured attention. The constant tug to check, scroll, click. Everything we want is a tap away. Yet when we chase it all, something essential slips through our…
Stocks to watch: Singtel, Nio, ThaiBev, Seatrium, ComfortDelGro, Coliwoo, NoonTalk
The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 26): Source link
We need to invest in women’s health, not just study it
As a physician at Duke, I often saw how women, especially those juggling chronic illness, caregiving, and limited healthcare access, faced delays in getting the right care. What stood out…
TikTok Shop pushes into luxury retail with US$11,000 handbags
TikTok is moving into luxury retail, part of an effort to expand its TikTok Shop marketplace into a high-end shopping destination for purses and watches that can fetch thousands of US…
Can a California Billionaire Spend His Way into the Governor’s Mansion?
Tom Steyer wants to turn the state further to the left. Source link
How to keep the peace at the holiday table
Leading the Exceptional Women Alliance gives me a front-row seat to how accomplished women lift each other through mentorship and growth. Joanna Dodd Massey is a corporate board director…