Harvard’s Rough Lesson on the Costs of Government Meddling in Education
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costs
Apple stocks down as CEO Tim Cook warns of $900 million in tariff-related costs for Q2
Apple shares fell nearly 3% in premarket trade on Friday after the iPhone maker trimmed its share buyback program and CEO Tim Cook warned of additional tariff-related costs of about $900…
Who Decides How Much You Pay for College? Here’s How Tuition Costs Are Set.
Last month, four Republicans from the House and Senate sent letters to the presidents of Ivy League schools demanding years of data about how they decide what to charge. These…
'Hostile and political act': White House clashes with Amazon over idea to disclose tariff costs
The White House on Tuesday blasted Amazon over a proposal to show the cost of President Trump’s tariffs next to the price of some products on its e-commerce site. “This is a hostile and…
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell heavily amid difficult market conditions…
US pharma tariffs would raise US drug costs by US$51 billion annually, report finds
A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly US$51 billion annually, boosting US prices by as much as 12.9 per cent if passed on, a report…
What Elon Musk Didn’t Budget For: Firing Workers Costs Money, Too
President Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department of Government Efficiency was let loose on the…
Renault to cut costs as US tariffs lash car market
French carmaker Renault said on Thursday (Apr 24) it will seek to further cut costs as US tariffs shake up the global car market. Renault does not sell cars in the United States, so it…
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it posted first-quarter sales that slightly missed…
Sinarmas Land’s H2 net profit drops 5.5% to S$154 million on lower revenue, higher costs
Sinarmas Land reported a 5.5 per cent drop in net profit to S$154 million for the half-year ended Dec 31, 2024, from S$163 million in the same period a year ago. This came as revenue for…
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused…
Will Trump’s tariffs on aluminum and steel drive up car costs? Experts weigh in
President Donald Trump’s tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say. The moves align with the Trump administration’s…
Cathay Cineplex stares into debt abyss as landlords seek payment of about S$2.7 million in rent and other costs owed
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
Cathay Cineplex receives letters of demand for about S$2.7 million in rent and other costs owed
MM2 Asia, which runs the cinema chain, is trying to resolve the matter while prioritising minimal disruption to business operations CATHAY Cineplex, operated by mainboard-listed media…
UBS CEO signals job cuts will continue in quest to lower costs
UBS Group chief executive officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic acquisition of Credit Suisse. The Swiss lender seeks to shed another US$5.5…
Australia Opposition Focuses On Living Costs in Campaign Launch
(Bloomberg) -- Australia’s main opposition prioritized cost-of-living and housing issues as it kicked off its campaign for the next election, due by May 17. Most Read from Bloomberg Peter…
German aviation association expects air travel costs to rise
Jens Bischof, CEO of the airline Eurowings and President of the German Aviation Association, speaks at a press conference. Bernd Weißbrod/dpa Ticket prices for air travel in Germany are…
Bank Negara Malaysia calls for fair insurance pricing as medical costs soar
BANK Negara Malaysia (BNM) on Thursday (Nov 28) instructed insurance companies to reassess their repricing strategies to ensure fairer implementation for policyholders due to concerns over…
Japan Foods sinks into the red with H1’s S$1.6 million net loss on higher operating costs
JAPAN Foods logged a S$1.6 million net loss for its first half ended Sep 30, versus a profit of S$81,000 for the same period in the year prior. This came despite its revenue rising 1.1 per…
Air France-KLM warns of higher annual costs after Q3 profit miss
AIR France-KLM reported a bigger-than-expected drop in its quarterly operating result on Thursday (Nov 7), impacted by the Paris Olympic Games and higher unit costs. The French-Dutch…
Tata Steel’s second-quarter profit beats on higher sales volumes, lower costs
TATA Steel reported a second-quarter profit on Wednesday (Nov 6) that beat analysts’ estimates as lower costs and higher sales volumes in India and the Netherlands offset a steep drop in…
Boeing to book more than US$1 billion in wage-related costs from new labour proposal, analysts forecast
BOEING is expected to book more than US$1 billion in wage-related expenses from its proposed labour contract, analysts said. About 33,000 workers will vote on the contract proposal on…
Singapore’s high costs, Asia demand-supply gap see closure of US firm SI Group’s Jurong Island chemical plant
The company will continue supplying alkylphenol from other manufacturing facilities in Europe and the Americas CHEMICALS company SI Group will close its alkylphenol manufacturing facility…
Drug development costs predicted to soar as BIOSECURE Act gains momentum
Since its introduction in January, the BIOSECURE Act has sent shockwaves across the pharmaceutical sector. Although the Act does not propose a blanket prohibition, its definition of…