HSBC Reportedly Axing Dozens of Additional Investment Banking Jobs in Asia
Apr 17, 2024 09:46 am UTC| Business
HSBC financial services company is reportedly slashing more investment banking jobs in its Asian operations. It may axe dozens of additional jobs as deals in the region are sinking. Reuters reported that sources who...
S. Korea's Beer Imports Dip Amid Tsingtao Urination Incident; Japanese Brands See Resurgence
Apr 17, 2024 09:03 am UTC| Business
Data released on Wednesday by the Korea Customs Service (KCS) reveals that South Korea witnessed a 20 percent decrease in beer imports in the first quarter compared to the previous year. This downturn is largely attributed...
AMD Targets Nvidia, Intel with New AI Chips for Gaming and Business PCs
Apr 17, 2024 08:53 am UTC| Business Technology
AMD, or Advanced Micro Devices, announced the debut of its artificial intelligence(AI) chip designed for desktops and laptops. The chip is reportedly specially made for business and gaming. With the introduction of its...
Naver Pay, Billboard Ink MOU for Fintech-Entertainment Services; Billboard Korea to Launch in June
Apr 17, 2024 07:51 am UTC| Business Technology
Naver Pay and Billboard have joined forces to offer fintech-entertainment services to the Korean market. The mobile payment service introduced by Naver Corporation and the American music and entertainment magazine signed a...
Adidas Raises 2024 Profit Outlook After Strong First Quarter
Apr 17, 2024 07:48 am UTC| Business
In a surprisingly positive turn of events, Adidas has upgraded its profit outlook for 2024 following what it described as an unexpectedly strong performance in the first quarter. In an unforeseen declaration, the German...
‘Grand Theft Auto’ Game Publisher Take-Two Interactive to Layoff Employees, Discontinue Projects
Apr 17, 2024 06:43 am UTC| Business Technology
Take-Two Interactive Software, Inc., the publisher of the famous Grand Theft Auto action-adventure game series, announced it would lay off five percent of its workforce, which means 600 employees. They will all be let go...
Tesla Announces Major Layoffs in US, China, and Germany Amid Sales Slump
Apr 17, 2024 06:34 am UTC| Business
Tesla Inc. confirmed this week that it is terminating more than 10,000 workers. Later, it was learned that the cuts would include international offices in its major markets, such as the United States and China. The latest...
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