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Lazada layoffs: E-commerce firm to cut 5pc of Southeast Asian workforce
SINGAPORE, June 24 — Regional e-commerce heavyweight Lazada will retrench 5 per cent of its Southeast Asian workforce, including in Singapore, as the company pivots toward a leaner operational model. A Lazada spokesperson confirmed on June 23 that the company
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Airbus orders urgent A380 wing inspections after cracks found
TOULOUSE, June 24 — Airbus on Tuesday said it would inspect 16 A380 planes, five of them immediately, after cracks were found in a key wing component on aircraft used by the Emirates and Qantas airlines. The European Union Aviation
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Can Jakarta dodge a devastating downgrade? MSCI set to decide Indonesia’s emerging markets status today
SINGAPORE, June 23 — Global index provider MSCI is poised to decide on Tuesday on whether Indonesia retains its emerging markets status or edges towards a downgrade, a move that could accelerate outflows from the world’s worst-performing stock market. The
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Meta bets on Indian startup head Kunal Shah to take charge of WhatsApp
MUMBAI, June 23 — Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app’s massive user base. The announcement, made Monday night, was accompanied
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SpaceX stock craters, hundreds of billions wiped out as AI scepticism hits Wall Street
HONG KONG, June 23 — Asian equities fluctuated Tuesday following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks. While Washington
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Oil slides as sanctions waiver begins under US-Iran peace talks
NEW YORK, June 23 — Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech
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Ringgit up versus the dollar as US-Iran sanctions waiver and fiscal reforms drive gains
KUALA LUMPUR, June 23 — The ringgit opened higher against the US dollar on Tuesday as peace negotiations in West Asia made progress, an analyst said. At 8 am, the local note improved to 4.1440/1505 against the greenback from 4.1465/1500
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Airlines seen pocketing US$40b windfall as fares stay high despite plunging fuel prices
LONDON, June 22 — Airlines stand to save billions of dollars on jet fuel after an interim US-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep
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Pound falls as Burnham’s rise sparks investor concern over UK fiscal rules
LONDON, June 22 — The pound eased on Monday, as speculation mounted that Prime Minister Keir Starmer could set out a timetable for his departure imminently, paving the way for Andy Burnham to become Britain’s seventh leader since the Brexit
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AirAsia says fares to drop once fuel prices stabilise, eyes one billion passengers by end of 2027
KUALA LUMPUR, June 22 — AirAsia Group has said it will reduce airfares once fuel prices drop and stabilise as tensions begin easing in the Middle East. AirAsia Group chief executive officer Bo Lingam said the budget carrier lowered its fares
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