Leadership
BOE to cut rates in decision that will be overshadowed by budget, Trump
THE Bank of England (BOE) is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by the fallout from...
Canada orders shutdown of TikTok’s Canadian business, app access to continue
CANADA on Wednesday (Nov 6) ordered Chinese-owned TikTok’s business in the country to be dissolved, citing national-security risks, but added the government was not blocking Canadians’ access to the...
Stellantis to lay off 1,100 workers at Ohio Jeep plant
STELLANTIS said on Wednesday (Nov 6) that it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and...
Musk’s ties to Trump will reverberate through Tesla, other interests
BILLIONAIRE Elon Musk stands to benefit greatly from his ties with US President-elect Donald Trump after the Tesla CEO became one of Trump’s most important supporters during the 2024...
Arm gives disappointing forecast in sign of sluggish chip demand
ARM Holdings, the chip designer that went public last year, gave a disappointing sales forecast for the current period, signalling that a still-recovering smartphone market may overshadow growth from...
Lamborghini revenue jumps 20% on high demand for all models
ITALIAN luxury sports car maker Lamborghini posted on Wednesday (Nov 6) nine-months revenue that was up by 20 per cent to 2.43 billion euros (S$3.5 billion), driven by a...
Japan’s steelmaker JFE cuts annual profit forecast on slow local demand, slumping Asia market
JAPAN’S second-biggest steelmaker, JFE Holdings, lowered its forecast for annual net profit by 37 per cent, hit by slow demand for building materials at home and a slumping Asian...
KKR acquires 35% of Fuji Soft after first stage of tender offer
PRIVATE equity firm KKR has acquired a 35 per cent stake in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, the latter...
