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Economy

Chipmaker Intel to slash 15% of its workforce amid Q2 losses and lackluster forecast

by Edgar Davis
Chipmaker Intel to slash 15% of its workforce amid Q2 losses and lackluster forecast

Chipmaker Intel Corp. is cutting 15% of its massive workforce as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. The Santa …

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Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

by Anas Siddiqui
Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

The ASX200 has bookended a week of recovery with a 1 per cent gain and a clean green sweep across all 11 sectors on Friday. The benchmark closed 1.3 per …

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Thaksin’s daughter Paetongtarn Shinawatra to become new Thai PM

by Walter Watson
Thaksin’s daughter Paetongtarn Shinawatra to become new Thai PM

While the 11-party coalition comfortably backed her through the threshold of 248 lawmakers, Paetongtarn enters a cauldron of political rivalries between opposing elite factions, with her father and the Shinawatra …

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Mars to acquire Kellanova in $36 billion deal

by Anas Siddiqui
Mars to acquire Kellanova in  billion deal

A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York. Tiffany Hagler | Bloomberg | Getty Images Mars will acquire Kellanova for $35.9 …

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Rate cuts ‘premature’ to think about, RBA chief says

by Anas Siddiqui
Rate cuts ‘premature’ to think about, RBA chief says

Reserve Bank Governor Michele Bullock has signalled there will be no rates relief for the foreseeable future, as the central bank struggles to rein in persistent inflation. A week after …

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SJSU views San Jose housing tower as boost for students and downtown

by Judith Hall
SJSU views San Jose housing tower as boost for students and downtown

SAN JOSE — An SJSU student housing village in a landmark downtown San Jose tower is poised to create a vibrant living space — and further deepen San Jose State …

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Retail sales July 2024:

by Walter Watson
Retail sales July 2024:

An H&M store is seen in Herald Square on July 01, 2024 in New York City.  Michael M. Santiago | Getty Images Consumer spending held up even better than expected …

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Business betting on Trump win, c-suite advisor says

by Vera Ward
Business betting on Trump win, c-suite advisor says

Republican presidential nominee, former U.S. President Donald Trump gives a speech during a campaign rally at Harrah’s Cherokee Center in Asheville, North Carolina, United States on August 14, 2024.  Anadolu …

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‘No one left behind’: Government will cover any refund Rex airline cannot pay

by Anas Siddiqui
‘No one left behind’: Government will cover any refund Rex airline cannot pay

Rex customers will be able to fly with confidence after the federal government agreed to guarantee ticket fares while the regional airline tries to battle its way out of administration. …

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North Korea to reopen for international visitors, tour operators say

by Franz Hernandez
North Korea to reopen for international visitors, tour operators say

North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize trips to the country. Travel companies KTG and Koryo Tours, which …

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