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It cut its operating profit forecast for the year through March 2026 to 550 billion yen (S$4.67 billion) from 700 billion yen Honda Motor slashed its full-year profit forecast by 21 per…
Shares for Allbirds sank nearly 10 percent in after-market trading on Thursday after the footwear company lowered its yearly guidance again following its latest earnings report. In the…
President Donald Trump's administration now says that SNAP food aid for November will be reduced less than originally announced, the latest in a political and legal saga that impacts how…
The central bank is committed to achieving a 15% total budget reduction over the 2026 to 2028 period The Bank of Canada is planning to eliminate hundreds of jobs, about 10 per cent of its…
A new bipartisan bill would require major companies and federal agencies to report artificial intelligence-related layoffs to the Department of Labor. Source link
Beijing seems to have committed to a more gradual tightening of the screws on steelmakers that would play out over years rather than months China is taking a measured approach to fixing…
CDL Hospitality Trusts (CDLHT) is shaping up to become one of the key beneficiaries of falling interest rates. The weighted average cost of debt for the Singapore-listed real estate…
Taylor Swift fans are putting their mobilizing skills to work to support those in need. The Swiftie coalition known as Swifties for Hope on X tweeted out on Friday that fans are encouraged…
[INGOLSTADT, Germany] Volkswagen’s Audi Group walked back its financial targets for the year because of “intense” competition and economic challenges including tariffs in the US. The…
The move comes after the Dutch chipmaker’s Chinese unit resumed supplying semiconductors to local customers [BEIJING/TAIPEI] Dutch chipmaker Nexperia has suspended supplies of wafers to…
NOMURA said it now expects the US Federal Reserve to keep interest rates unchanged at its December policy meeting, following the central bank’s decision to cut rates on Wednesday. The…
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US Federal Reserve. It was the second easing by the…
US Federal Reserve chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December. The Federal…
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains have…
And the layoffs keep coming. General Motors joins Amazon and Paramount this week, announcing on Wednesday it will be laying off 1,750 workers in Michigan and Ohio, in response to the…
Paramount Skydance, aiming to get leaner and meaner, today is laying off about 1,000 employees, mostly in the U.S. David Ellison, chairman and CEO of Paramount, sent employees a memo about…
United Parcel Service (UPS) smashed Wall Street’s third-quarter profit expectations, sending its shares soaring and fuelling confidence in the courier’s comeback plans. The company also…
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10 per cent of its roughly 350,000 corporate employees Amazon is planning to cut as many as…
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive cost-cutting measures that helped the chipmaker…
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in…
South Korea’s central bank kept policy interest rates unchanged on Thursday (Oct 23), wary of worsening an overheating housing market and a declining currency, but left the door open for…
HBO’s new horror series, “It: Welcome to Derry,” is not for the squeamish. The eight-episode origin story of Pennywise (Bill Skarsgård) takes place in 1962 and serves as a prequel to “It”…
Video footage captured one of the alleged Louvre jewel thieves brazenly using a small chainsaw to cut through a glass display case before escaping with the stolen treasures during Sunday's…
Faced with further budget cuts following the Trump administration’s elimination of federal funding for public media, local public radio outlet KCRW has trimmed an additional 10% of its…
![Shocking Video Captures Moment Thief Cuts Jewel Case with Saw in Louvre and Making Away With Napoleon's Jewelry in Daring Heist [WATCH]](https://data.ibtimes.sg/en/full/83719/louvre-theft.jpg)
