Most companies in Singapore are not investing enough in their workers, with only 12 per cent putting money on better training for their employees, according to a survey. At the same time, almost one-third of them say the task of training their workers in digital skills is a major concern, topped by the lack of […]

(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid […]

BEIJING/WASHINGTON (Reuters) – The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. […]

(Reuters) – FedEx Corp (FDX.N) said on Friday it could take as much as $575 million in charges as it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce costs. The parcel company announced in December that it would be offering voluntary buyouts to ease pressure on profits that have […]

(Reuters) – Wall Street’s main indexes were set to open higher on Friday, eyeing their fourth week of gains, on hopes that a bitter trade war between the United States and China would be resolved. U.S. stocks were supported late on Thursday by a report that U.S. Treasury Secretary Steven Mnuchin was considering lifting some […]

(Reuters) – AT&T Inc (T.N) said Friday it will again buy advertising on Alphabet Inc’s (GOOGL.O) YouTube, nearly two years after the U.S. wireless carrier left the video platform when it discovered its ads may have appeared next to inappropriate content. AT&T is one of the largest U.S. brand marketers by total ad spend, according […]

Arrested auto executive Carlos Ghosn improperly received €7.8m in compensation from a joint venture (JV) between Nissan and Mitsubishi, the companies said on Friday. A joint investigation found that Ghosn, ousted as chairman from both automakers, was compensated by the Netherlands-based JV without any discussion with two other board members, Nissan CEO Hiroto Saikawa and […]

(Reuters) – Tesla Inc (TSLA.O) on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up production of its Model 3 sedan. “Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model […]

SINGAPORE (BLOOMBERG) – Morgan Stanley, the world’s second-largest wealth manager, is beefing up its services for rich clients in Singapore with a focus on Chinese entrepreneurs looking to set up family offices in the city state. “The city is a key business hub for China entrepreneurs, as well as a family office nexus,” Vincent Chui, […]

A unit of power company Viridian, whose consumer and business arm trades as Energia, posted an €81.5m loss in its last financial year as it slashed the value of its Huntstown 2 power plant in north Dublin by €91.5m during a dispute with national grid operator EirGrid. That row saw Viridian threaten to close its […]