Culture
Amazon targets as many as 30,000 corporate job cuts: sources
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10 per cent of its roughly 350,000 corporate…
Tag
sources
Business
Sources: Two killed in Israeli attack in southern Gaza
Palestinian medical sources in Gaza on Monday said two people were killed and three were injured in an Israeli attack on the town of…
Culture
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese…
Culture
US mulls curbs on exports to China made with US software: sources
The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines,…
Culture
Chipmaker Yangtze Memory weighs over US$40 billion China IPO next year: sources
Yangtze Memory Technologies is considering an initial public offering in mainland China at a valuation that could exceed US$40 billion,…
Culture
Micron to exit China server chip market after failing to recover from 2023 ban: sources
The ban on Micron products in critical infrastructure has shut the company out of the country’s data centre expansion boom…
Business
Syrian president to use Putin talks to request extradition of deposed president Assad, sources say
The Assads now live discreetly in Moscow, according to Russian media. Syrian President Ahmed al-Sharaa will use talks with Russian…
Culture
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi [SHANGHAI/BEIJING] China’s…
Culture
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…
Culture
Temasek-backed Foundation Healthcare mulls US$300 million Singapore IPO: sources
Foundation Healthcare, backed by Temasek Holdings, is considering an initial public offering (IPO) that could value the medical group at…
Culture
Intel to reveal tech details on forthcoming PC chip: sources
The Panther Lake chips are the company’s high-end mobile processors that are typically included in more expensive laptops Intel plans to…
Culture
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Business
‘First round of hostage deal negotiations in Cairo was positive,’ sources tell Al-Jazeera
According to Al-Jazeera, the first round of negotiations between the mediators and the Hamas terrorist organization delegation in Sharm…
Culture
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers Chinese budget carrier Spring Airlines…
Culture
Trump mulls tariffs on foreign electronics based on number of chips: sources
The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each one, according…
Culture
ByteDance to get about 50% of TikTok US profit under Trump deal: sources
TikTok’s Chinese parent company will likely get about half of the profit from the platform’s US operation even after it sells majority…
Culture
AliExpress tries to draw brands on Amazon: sources
Alibaba Group Holding is trying to attract established brand names on Amazon.com to its global e-commerce site AliExpress, stepping up…
Business
Sources: German railway regional chief to take over as chief exec
The head of DB Regio, Germany's regional rail division, is set to become the head of the country's ailing national railway, the Deutsche…
Business
Hamas deploys terror forces, resources to West Bank, Israeli security sources claim
Hamas ramps up operations in the West Bank, expanding terror infrastructure and planning attacks against Israelis, while IDF operations…
Culture
Nvidia’s new RTX6000D chip for China finds little favour with major firms: sources
[BEIJING/SHANGHAI] Nvidia’s RTX6000D, its newest artificial intelligence (AI) chip tailored for the Chinese market, has seen only lukewarm…
Culture
Carlyle, EQT, HongShan among final bidders for Starbucks China: sources
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final…
Culture
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Culture
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Culture
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from…