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Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans[MADRID] Telefonica will book a cost of 2.5 billion euros (S$3.8 billion) to pay for the...
Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed
[SINGAPORE] Catalist-listed engineering services provider Ever Glory United will transfer to the mainboard of the Singapore Exchange (SGX) on Dec 29. Trading in its shares on the mainboard will...
HTC bets its open AI strategy to drive smart glasses sales
The glasses support multiple platforms, letting users benefit from improvements by various models[TAIPEI] Taiwan’s HTC is betting its open platform strategy will allow it to build market share in...
HSBC hires ex-Citi executive Ida Liu to lead its private bank
[LONDON] HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter. Liu replaces Gabriel Castello, who...
Chinese AI firm MiniMax to launch Hong Kong IPO in early January
The firm develops multimodal AI models which can process text, audio, images, video and music[HONG KONG/BEIJING] Chinese artificial intelligence (AI) firm MiniMax is seeking to launch a Hong Kong...
China to scrub small overdue debts from credit records to help spur lending
[BEIJING] China’s central bank on Monday unveiled a one-off credit repair scheme to allow overdue personal debts of up to 10,000 yuan (S$1,835) incurred since 2020 to be removed...
Uber teams up with Baidu to start robotaxi trials in UK
Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge [HONG KONG] Uber Technologies said that it’s teaming up with Baidu to trial driverless taxis...
From Amazon to DBS: AI is driving the thousands of pink slips being issued to staff
[SINGAPORE] The global march of artificial intelligence (AI) continues, and in its shadow, hundreds of thousands of jobs have or will be axed by corporations. Among the latest major...
Tips for wealthy property families seeking to pass ownership of empires through multiple generations
Applying lessons from Geneva’s Pictet family Source link
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as...
