Tag: cuts
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UN faces deepest budget cuts in years, raising alarms over global cooperation
INTERNATIONAL: UN Secretary-General António Guterres divulged a strongly contracted budget for 2026, threatening an expanding financial difficulty that compromises the fundamental operations of...
Are China’s EV price cuts going too far? Chinese official calls on automakers for ‘rational competition’
BEIJING: A senior Chinese official called on major automakers for “rational competition” in the electric vehicle (EV) industry on Thursday (July 17), Reuters...
Scale AI cuts 200 full-time staff weeks after Meta’s US$14.3B investment and founder Alexandr Wang’s exit
INTERNATIONAL: Just weeks after securing a US$14.3 billion (S$18.39 billion) investment from Meta and seeing its founder, Alexandr Wang, move over to the...
Recession-proof your wallet: 6 smart cuts to strengthen your finances in uncertain times
As speculations of economic ambiguity amplify, people are already trimming expenses, and the numbers prove it. From January through late March 2025, expenditure...
CCIC Singapore forced into liquidation and staff cuts after US sanctions freeze bank accounts
SINGAPORE: CCIC Singapore has announced its decision to cease operations and begin business liquidation, citing the unexpectedly severe impact of US sanctions imposed...
