Fashion
ABN Amro to cut 5,200 jobs by 2028
[AMSTERDAM] ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision for the lender.The Dutch bank...
Asia: Markets advance as odds for another Fed rate cut grow
Tech firms have enjoyed a revival after suffering a period of selling in recent weeks[HONG KONG] Asian investors on Tuesday (Nov 25) welcomed more dovish comments from US Federal...
Moscow, Beijing discuss Russian oil exports boost
Russia has been discussing with Chinese partners the possibilities of expanding oil exports to China[MOSCOW] Moscow and Beijing have been discussing ways to expand Russian oil exports to China,...
BMW mulls adding range-extending engines to EV models in China
The company may become the first German automaker to offer the technology that’s not yet widely available in Europe[MUNICH] BMW is weighing the addition of range extenders to some...
China’s AI promise lures top Asia fund away from South Korea, Taiwan
Investments by leading Chinese cloud services providers are expected to rise 20% next yearA TOP-PERFORMING Asian money manager is boosting exposure to artificial-intelligence (AI) stocks in China while retreating...
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing[TOKYO] Three decades...
Asia tycoon backs US$1.5 billion AI bet with private credit fund
[LONDON] A patriarch for one of Asia’s biggest finance fortunes is joining other members of the global rich in bolstering artificial intelligence (AI) investments, defying fears of a bubble.Andre...
Trump signs ‘Genesis Mission’ order to boost innovation with AI
[WASHINGTON] US President Donald Trump signed an executive order on Monday (Nov 24) establishing the “Genesis Mission”, a federal effort to boost innovation using artificial intelligence (AI), the latest...
Amazon pledges up to US$50 billion to expand AI, supercomputing for US government
One gigawatt of computing power is roughly enough to power about 750,000 US households on average[BENGALURU] Amazon.com said on Monday (Nov 24) that it would invest up to US$50...
Alphabet races towards US$4 trillion valuation as AI-fuelled gains accelerate
[BENGALURU] Alphabet closed in on a US$4 trillion valuation on Monday (Nov 24), set to become only the fourth company to enter the exclusive club, as the Google parent...
Europe: Shares recover on US rate-cut optimism; Ukraine peace talks in focus
Stoxx 600’s gains this year have been driven in part by defence stocks on prospects of higher Nato spending[BENGALURU] European shares ended higher on Monday (Nov 24), boosted by...
Where Is Travis Turner? Missing Football Coach’s Disappearance Takes New Turn as School District Launches Probe into Another Employee
The mysterious case of a high school football coach who vanished in the middle of an undefeated season has grown more puzzling. The school district has now confirmed that...