Politics
Taiwan’s science ministry warns spending cuts could hit chips, AI funding
TAIWAN’S science ministry warned on Friday (Dec 27) that funding for areas such as semiconductors, artificial intelligence (AI) and…
Tag
Cuts
Business
China keeps key rate steady with traders expecting cuts in 2025
CHINA kept a key interest rate unchanged – a move widely expected by economists – as it seeks to keep its powder dry ahead of possible…
Business
Volkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said on Friday (Dec 20) it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with…
Politics
Indonesia weighs deep cuts to nickel mining to boost prices
INDONESIA is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to sources…
Business
Analysts optimistic on Asian equity, bonds despite US Fed signalling fewer rate cuts
Bond investors will benefit from less volatility due to shifting rate expectations, they say ALTHOUGH the “hawkish” projection of interest…
Business
Analysts optimistic on Asian equity, bonds even as US Fed signals fewer rate cuts
Bond investors will benefit from less volatility due to shifting rate expectations, they say ALTHOUGH the “hawkish” projection of interest…
Business
Analysts optimistic on Asian equities, bonds even as US Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility…
Business
Analysts optimistic on Asian equities, bonds even as Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility…
Business
Hong Kong central bank cuts interest rate, tracking US Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate charged via the overnight discount window by 25…
Business
HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive THE Hong Kong Monetary Authority…
Business
STI continues losing streak, falls 0.4 per cent after US Fed signals fewer rate cuts
SINGAPORE shares fell at the end of trading on Thursday (Dec 19), with the Straits Times Index (STI) tracking Asian indices after the US…
Business
Trump woos Wall Street with corporate tax cuts at NYSE visit
DONALD Trump rang the New York Stock Exchange’s opening bell on Thursday (Dec 12), a celebratory moment for the president-elect who was…
News
ServiceNow restructures RiseUp workforce training programme, cuts staff
SERVICENOW is restructuring its user training programme RiseUp amid low job placement rates and a corporate backlash to diversity-focused…
Business
Citigroup cuts ESG analyst jobs as research group trimmed
CITIGROUP has cut about five analyst jobs inside a small team dedicated to producing ESG (environmental, social and governance) and…
Business
GameStop reports third-quarter profit on spending cuts
GAMESTOP reported a third-quarter profit on Tuesday (Dec 10) as the video game retailer ramps up its cost-saving efforts, including…
Business
ECB officials to lock horns over how much cuts can boost economy
EUROPEAN Central Bank (ECB) officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can…
News
Newmont cuts management jobs in major corporate restructuring
NEWMONT let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according…
Business
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are…
Business
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up…
News
Chad cuts military agreement with France
Chad has said it is terminating a key defence cooperation agreement with France, raising questions about Paris’s waning influence in…
News
South Africa cuts supplies to thousands of illegal miners hiding underground
An estimated 4,000 illegal gold miners are hiding underground in South Africa after the government cut off food and water in an effort to…
News
Israeli budget hikes military spending, VAT, cuts social services
The Israeli government on Friday approved higher military spending and cuts in education, health and social services in a draft budget for…
News
Latest UN report demands 'unprecedented' emissions cuts to salvage climate goals
The United Nations' Environmental Program has released a new with yet more dire news about our odds of avoiding climate disaster caused by…
Politics
Brazil Ministers Renew Push to Sell Lula on Spending Cuts
(Bloomberg) -- Brazil’s government will unveil “as many measures as possible” to cut spending this year, Planning and Budget Minister…