Australia’s property giant Lendlease to cut about 740 jobs
CEO Tony Lombardo says in memo that developer will focus on growing funds management business and development projects.
Category Archives: Economy
Coinbase CEO to meet Democrats on digital asset regulation
Brian Armstrong's meeting with lawmakers comes as major crypto players are facing legal action by regulators.
Japan’s workers get rare pay bump after decades without a raise
Japanese employees earn only three-quarters as much as developed-country peers over 30 years after asset bubble burst.
Swatch sues Malaysia over seizure of LGBTQ pride watches
Swiss watchmaker says in lawsuit watches 'not in any way capable of causing any disruption to public order or morality'.
Indonesia names new communications minister after bribery claims
President Joko Widodo makes pick after Johnny G Plate arrested over alleged payments to firms in telecoms project.
China’s economy misses forecasts as youth joblessness hits record
Youth unemployment hits 21.3 percent as economy grows slower than expected in April-June quarter.
Australia names first woman to lead central bank
Michele Bullock will take over as governor of the Reserve Bank of Australia in September.
ChatGPT creator OpenAI faces US probe over libellous output
US Federal Trade Commission asks startup to provide information about safeguards amid reports of defamatory content.
Japan’s shrinking population offers escape from hectic city life
A shrinking Japanese population is fueling a trend of urbanites buying up cheap vacant homes in the countryside.
China’s exports plunge most in 3 years amid higher interest rates
Chinese exports fall 12.4 percent in June compared with a year earlier amid slowing global demand.
China calls on US to take ‘practical action’ over sanctions
Finance ministry says Washington should end 'suppression' of Chinese firms after talks with US Treasury Secretary.
Silicon Valley Bank’s former owner sues US watchdog for $1.9bn
Federal Deposit Insurance Corporation accused in lawsuit of violating US bankruptcy law.
Singapore’s Grab fires 1,000 in biggest layoffs since pandemic
Southeast Asia's leading ride-hailing and food-delivery app says job losses 'painful but necessary' step.
China’s Alibaba names new CEO, chairman in executive shake-up
Eddie Wu will take over as CEO in September following a tumultuous period for the Chinese tech giant.
Indonesia, Malaysia should collaborate on palm oil, Widodo says
Indonesian President Joko Widodo and Malaysian Prime Minister Anwar Ibrahim pledge to jointly fight EU's palm oil ban.
In Japan, embarrassed employees pay agencies to quit for them
Companies like Exit handle resignations on behalf of Japanese employees who are too embarrassed to confront their boss.
China spied on Hong Kong activists using TikTok, lawsuit claims
Former ByteDance executive alleges that Chinese officials used 'god credential' to get around protections for user data.
TSMC ‘feeling good’ about possible Germany plant, chairman says
Mark Liu says chipmaker is negotiating subsidies with German government as it considers first facility in Europe.
US, UK push against child abuse online alarms Asia dissidents
Rights groups are concerned that bid to weaken encrypted communications could harm dissenters in authoritarian regimes.
As US aims to bring back manufacturing, supporting women is key
In Asia, women factory workers powered manufacturing growth. Are there lessons there for the US?