Culture
Wells Fargo expects more job cuts, will roll out AI gradually in 2026
[NEW YORK] Wells Fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, CEO Charlie Scharf said on Tuesday (Dec 9), adding...
Global airlines set for record US$41 billion net profit next year: Iata
[GENEVA] Global airline trade body Iata said on Tuesday the airline sector would post record profits next year despite ongoing supply-chain issues leading to slower aircraft deliveries and a...
If You Can’t Budget Marketing, Don’t Start
I’ve scaled brands from zero to millions, and I’ve seen the same painful mistake repeat. Companies try to buy growth before they’ve earned it. Paid marketing is not a...
LMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital[SINGAPORE] Lippo Malls Indonesia Retail Trust (LMIRT) launched a non-underwritten...
Wall Street subdued at open as Fed rate cut decision nears
[NEW YORK] Wall Street’s main stock indexes were subdued at the open on Tuesday (Dec 9) as investors awaited the Federal Reserve’s policy decision, while Nvidia shares were whipsawed...
Accenture, Anthropic strike multi-year partnership to boost AI adoption
The tie-up reflects enterprise efforts across industries to upskill their workforce on AI technologies[DUBLIN, Ireland] Accenture and Anthropic on Tuesday (Dec 9) announced an expansion of their partnership through...
Microsoft unveils US$23 billion in new AI investments with big focus on India
[BENGALURU] Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of...
BMW names veteran Nedeljkovic as CEO to tackle China, Tesla
[BERLIN] BMW named 30-year company veteran Milan Nedeljkovic as its next CEO on Tuesday (Dec 9) to replace long-time chief Oliver Zipse, as the German automaker bets on a...
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences [BASEL] Novartis will pay UK biotech Relation Therapeutics as much as US$1.7 billion...
YZJ Maritime, Centurion Accommodation Reit among latest additions to iEdge Singapore indices
The combined weightage of these two counters and Golden Agri-Resources will be around 9% [SINGAPORE] Yangzijiang (YZJ) Maritime, Centurion Accommodation Real Estate Investment Trust (Reit) and Golden Agri-Resources were...
