Amazon’s corporate workforce may shrink as AI takes over routine tasks
The company is using GenAI across internal operations to enhance efficiency and customer experience, Andy Jassy saysPublished Wed, Jun 18, ...
Tag: Shrink
Mapletree Logistics Trust to shrink China footprint to rejuvenate portfolio
MAPLETREE Logistics Trust (MLT), whose earnings have been weighed down by an economic slowdown in China, plans to divest about ...
Wells Fargo profit beats forecasts as provisions shrink, shares rise
WELLS Fargo’s profit beat analysts’ expectations in the third quarter, helped by resilience in wealth management and lower provisions for ...
US bank profits jump 11% in second quarter of 2024 as expenses shrink
THE US banking industry recorded profits of US$71.5 billion in the second quarter of 2024, up 11.4 per cent on ...
Bank of Korea warns of developers’ debt risks as profits shrink
FINANCIAL troubles at South Korean developers may worsen as they start to bear the brunt of a market slump that ...
GameStop shares tumble after CEO says store network will shrink
SHARES of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a ...
China’s AgBank Q1 profit falls 1.63% as loan margins shrink
AGRICULTURAL Bank of China (AgBank) reported a 1.63 per cent fall in first-quarter net profit on Monday (Apr 29), due ...
China’s Big Five lenders see margins shrink in the first quarter
MARGINS at China’s Big Five lenders shrank during the first quarter as banks came under pressure to support cash-starved property ...
BOJ’s stash of bonds is set to shrink for first time since 2008
INVESTORS in Japan’s government bonds are likely to confront not only potential interest-rate hikes as a bearish factor but also ...
Bonuses shrink at global banks in Japan despite booming markets
BOOMING markets in Japan have swelled the workload for international bankers in Tokyo but one thing has not changed – ...
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