Entrepreneurship
Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
[COPENHAGEN] Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it...
How does Tesla get to US$8.5 trillion value? Robots, robotaxis and hope
[SAN FRANCISCO] How can Tesla become an US$8.5 trillion company? That is the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new...
Russia export slide forcing a rethink at some Chinese carmakers
[HONG KONG] Russia turned into a lucrative market for Chinese automakers after the invasion of Ukraine, as they rushed in to fill the void left by foreign brands. That...
China’s rate-cut outlook in doubt as stock rally stirs concern
[BEIJING] Angst inside China’s halls of power over a massive stock rally risks delaying another major round of monetary stimulus, pushing the central bank further to the sidelines as...
Opec+ agrees further oil output boost from October to regain market share
[LONDON/MOSCOW] Opec+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share, while slowing the pace of increases compared with...
Nasdaq 100 gains as weak labour data fuels rate-cut bets
THE Nasdaq 100 rose on Thursday (Sep 4), closing 218.17 points, or 0.93 per cent higher, at 23,633.01, as investors digested weaker-than-expected labour market data ahead of Friday’s closely...
Disney races to keep promises made in launch of ESPN online
[NEW YORK] Three weeks after ESPN launched an online version of its pay-TV network, parent Walt Disney is racing to cut deals with cable providers so viewers can see...
Robinhood, AppLovin, Emcor to join S&P 500 in rebalancing
[NEW YORK] Robinhood Markets has been added to the S&P 500, marking a new phase for the retail trading platform that helped define the pandemic-era boom in individual investing....
Russian gas sales to China would not harm US, energy secretary says
Since coming back to the office, Trump has not imposed direct sanctions on Russian energy entitiesPublished Sat, Sep 6, 2025 · 10:10 AM[WASHINGTON] Energy Secretary Chris Wright said on...
US immigration agents arrest hundreds at Hyundai plant, mostly South Koreans
[ATLANTA/WASHINGTON/SEOUL] Hundreds of workers at a Hyundai Motor car battery facility under construction in Georgia were detained in a raid by US authorities on Thursday (Sep 4), stopping work...
