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Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Published Tue, Apr 29, 2025 · 01:46 PM[STOCKHOLM] Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit...
Bay Area tech workers thought their jobs were safe. Then the ‘golden handcuffs’ came off
Evan Richardson grew up in Silicon Valley, surrounded by big tech companies that transformed how people live, socialize and work.As a curious kid, Richardson took apart electronics and put...
Renault to cut costs as US tariffs lash car market
[PARIS] French carmaker Renault said on Thursday (Apr 24) it will seek to further cut costs as US tariffs shake up the global car market.Renault does not sell cars...
Intel to announce plans this week to cut over 20% of staff
[TAIPEI/SAN FRANCISCO] Intel is poised to announce plans this week to cut more than 20 per cent of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according...
Volvo to cut up to 800 US jobs as Trump’s tariffs bite
Published Mon, Apr 21, 2025 · 06:50 AM[NEW YORK] Volvo Group plans to lay off as many as 800 workers at three US facilities over the next three months...
ECB to cut rates again to help economy overcome trade turmoil
[FRANKFURT] The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already...
RBNZ delivers fifth straight rate cut, signals more to come
The Monetary Policy Committee is now chaired by governor Christian Hawkesby, who has taken the role on an interim basis following the shock resignation of Adrian Orr last month[WELLINGTON]...
South Korea eyes boosting energy imports to cut surplus with US
[SEOUL] A top South Korean trade official said the government is reviewing multiple packages to present to the Trump administration as it seeks to reduce a trade surplus with...
