Ozempic-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
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Culture
The most overlooked AI strategy? Upskilling your frontline
While executives debate AI strategy in boardrooms, the real disruption is already happening on the frontlines.From automated scheduling to AI-assisted diagnostics to customer service…
Alibaba mapping app steps into local business rankings, intensifying competition
Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle territory by launching its own ranking of…
Thanks to AI, this guy is running a Google rival from his laundry room
Nearly 30 years ago, when Google launched the search engine that started its long march to dominance, its founders started without much hardware. Known at first as Backrub and operated on…
South-east Asia set to export surplus biofuels to Europe, Petronas executive says
South-east Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas…
DBS breaks new barrier at S$52.75 as STI soars to new high of 4,346.68 points
JPMorgan has bullish STI target of up to 5,000 by year’s end, cites declining interest rates and Republic’s S$5 billion market development programme DBS shares hit an all-time high on…
DBS reaches new peak of S$52.87, as STI soars to record high of 4,355.84 points
JPMorgan has bullish STI target of up to 5,000 by year’s end, cites declining interest rates and Republic’s S$5 billion market development programme DBS shares hit an all-time high on…
Banker talent war spurs CICC to add new paths for promotion
A sharp increase in deal flow has put bankers in high demand and on the lookout for opportunities China International Capital Corporation (CICC) has created new layers of job titles for…
Chinese EVs set to gain share in Singapore as rebates extended
More EV makers from the world’s biggest automobile market are also launching in the city-state Chinese automakers such as BYD look set to tighten their grip on Singapore’s market, after…
Gold takes a breather as focus turns to US inflation data
Gold prices were flat on Wednesday (Sep 10), as investors awaited key inflation reports due later this week, while expectations of a US interest rate cut this month helped keep bullion…
Congressional Black Caucus members rip GOP's 'racist' redistricting plans
Congressional Black Caucus members on Tuesday decried redistricting efforts by Republicans as a "racist" plan that has threatened the seats of CBC lawmakers. Source link
Court: Lisa Cook can remain Federal Reserve governor while fighting Trump's attempt to fire her
A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump's efforts to fire her. Source link
LHN surges over 8.1% on SGX approval for Coliwoo mainboard listing, positive Q3 update
Shares of LHN ended the day 8.1 per cent higher on Wednesday (Sep 10) on news that the Singapore Exchange has approved the mainboard listing of its co-living business Coliwoo, and an…
United Airlines and Spirit Airlines clash over business model
A war of words between United Airlines and ailing Spirit Airlines executives escalated on Tuesday after the Chicago-based airline’s chief questioned the bankrupt discounter’s business…
NAB to cut 410 support roles, shift some bank work to India
Australian lenders are slashing headcount as falling benchmark interest rates put pressure on margins National Australia Bank (NAB), the nation’s second-largest lender by market value, is…
'Not the typical case': Newsom's attempt to end Trump troop deployment turned away by judge
A federal judge put a temporary kibosh on California Gov. Gavin Newsom's attempt to shut down President Trump's troop deployment to Los Angeles. Source link
China’s green tech firms pour billions into overseas factories
Middle East nations have been attracting investments in solar module and electrolyser plants, supported by sovereign offtake agreements China’s world-leading solar, battery and electric…
Stocks to watch: Frasers Property, SingPost, HRnetGroup, LHN, Sim Leisure
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 10): Frasers Property: Its chief executive officer of emerging markets, Asia, Lim…
China’s AI chip boom fuels rallies in Cambricon, Alibaba shares
The mainland’s chip-focused gauge, better known as Star50, now trades at 57 times forward earnings, above its five-year average of 41 Chip manufacturers and cloud stocks are among the…
Branded collaborations still define retail innovation
In 1999, a new kettle changed everything. It was blue, bold, and sold at Target—not in a design boutique, not in a museum shop, and not in a luxury department store. This wasn’t just a new…
Democrat James Walkinshaw wins U.S. House special election in Virginia
Democrat James Walkinshaw, a politician with experience working on Capitol Hill, has won a special election to be the next U.S. House representative of the Virginia district home to the…
Is “woke baiting” the next great marketing strategy?
Could it be that the “anti-woke” movement has become so organized and influential that brands are now building strategies around it? If we’ve reached that point, then “woke-baiting” could…
Detroit-area city can ban LGBTQ+ pride flags on public property, judge says
A Detroit-area city that banned LGBTQ+ flags from publicly owned flagpoles did not violate the Constitution, a judge said. Source link
Innovation as an operating model
Creativity has never been in higher demand, yet agency margins are collapsing. An industry built on the promise of differentiation risks drifting into a sea of sameness, squeezed by…