Slowdown
PayPal adds another round of layoffs
PayPal, the digital payments company, is laying off 251 employees at its San José headquarters in another round of layoffs, according to a recent government filing.The cuts are a...
Consumers aren’t clicking the PayPal button. It’s a big problem for California’s fintech pioneer
PayPal, once the cutting-edge trailblazer of digital payments, is struggling to cash in on consumer clicks like it used to. The San José fintech giant is losing market share...
EV truck maker Rivian is laying off hundreds amid a slowdown in demand
The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric vehicle adoption wanes under the...
BHP bets on iron ore resilience despite China slowdown; Q1 output misses
BHP Group on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element...
Europe: Stocks retreat at close as weak US payrolls stoke slowdown fears
[BENGALURU] European stocks surrendered early gains to finish lower on Friday (Sep 5), dragged by energy and financial shares, as investors turned cautious after softer-than-expected US payrolls data heightened...
Bank of Japan to weigh slowdown in bond buying cuts after volatility rises
[TOKYO] The Bank of Japan (BOJ) is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest rate unchanged, in...
BNP looks past tariff slowdown fears after investment bank boost in Q1
FRANCE’S BNP Paribas reported first-quarter earnings in line with expectations thanks to rising sales at its investment bank, and stuck with its profit forecasts despite a deteriorating economic outlook...
Japan’s Nikkei down nearly 4% on slowdown fears as US tariffs kick in
[TOKYO] Japan’s Nikkei share average slipped on Wednesday (Apr 9), ending nearly 4 per cent lower in a broad sell-off, as traders gauged concerns over a potential economic slowdown...
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
[SINGAPORE] Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs threaten a global trade war. UOB Kay...
