Audi plans thousands of job cuts outside production

Audi plans thousands of job cuts outside production

GERMAN automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of positions at risk, the Manager Magazin reported on Thursday (Nov 7). The job cuts are to focus on so-called indirect jobs at the company, such as in the area of development, where over…

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Eurasian Resources Group Announces New Chair and Strategic Investments Amid International Market Pressures

Eurasian Resources Group Announces New Chair and Strategic Investments Amid International Market Pressures

The name of Shukhrat Ibragimov, the newly appointed Chairman of the Board of Eurasian Resources Group (“ERG”), has repeatedly surfaced in the media in connection with high-profile corruption scandals and his personal relationships with officials and businessmen of various levels with dubious reputation. It should be reminded that Shukhrat Ibragimov is the heir of the…

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Latest Singapore 6-month T-bill cut-off yield rises to 3.04%

Latest Singapore 6-month T-bill cut-off yield rises to 3.04%

THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.04 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Nov 7) showed. This was up from the 2.99 per cent offered in the previous six-month auction that closed on Oct 24. Yields were up across the board,…

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