Shift
Apple cuts jobs in digital services groups as priorities shift
APPLE took the rare step of cutting about 100 jobs in its services group, part of a shift in priorities for the critical division, according to sources with knowledge...
Federal Reserve’s dovish shift a mixed blessing for Bank of Japan rate hike plan
THE US Federal Reserve’s dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate its efforts to...
Apple pushes ahead with tabletop home device in shift to robotics
APPLE, seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb. The company now...
Singapore stocks decline amid shift in interest rate expectations; STI down 0.8%
SINGAPORE stocks fell on Monday (Aug 12) amid a regional rally after intense market volatility last week. The Straits Times Index (STI) fell 0.8 per cent or 26.45 points...
Malaysia’s Petronas withdraws from South Sudan amid investment shift
MALAYSIAN state energy firm Petroliam Nasional (Petronas) said it will withdraw from South Sudan as it tailors its investment strategy to business conditions.
“The decision was made following a two-year...
Apple’s shift to AI is poised to soften blow from Google ruling
GOOGLE’S defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple, which generates roughly US$20 billion a year in payments from the...
BioNTech counts on shift to cancer drugs after second quarter losses quadruple
LOSSES at German drugmaker BioNTech quadrupled in the second quarter from a year earlier, the company said on Monday (Aug 5), as it banks on a strategy shift towards...
German carmaker mood darkens on slowing EV shift, China slump
GERMANY’S carmakers are growing gloomier about their prospects after a disappointing earnings season marked by waning electric vehicle (EV) sales and weakness in China for companies including Volkswagen and...
