Posts Tagged ‘Tough’
Bosch to cut 13,000 jobs to bring down costs in tough autos market
[BERLIN] Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros (S$3.77 billion), it said on Thursday (Sep 25). The company has previously said it expects to “fight over…
Read MoreNATO Sticks To Guns As Allies Talk Tough On Russian Jets
After high-profile violations of NATO airspace by Russia over Poland and Estonia, alliance members have appeared at odds over how forcefully to react. While some have seemed to advocate for shooting down any jets breaching NATO’s border, others have warned about getting dragged into a conflict. But behind all the noise, the differences may not…
Read MoreMercedes keeps ‘value over volume’ approach in tough Chinese market
The German luxury automaker and its European peers are currently awaiting a lowering of US auto import tariffs to 15% from 27.5% Published Mon, Sep 8, 2025 · 06:16 AM [MUNICH] German luxury automaker Mercedes-Benz is sticking with its premium strategy in its main market China, where a brutal pricing war has cost the group…
Read MoreTough Negotiations And Uncertainty Ahead Of OPEC+ Meeting
Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered. The meeting by the group of eight oil-producing countries known as the “Voluntary Eight” (V8) comes as oil prices…
Read MoreLiverpool And Man City Face Real Madrid In Champions League, PSG Get Tough Draw
Liverpool and Manchester City will both come up against Real Madrid in this season’s Champions League while title-holders Paris Saint-Germain were handed a tough list of opponents in Thursday’s draw, including Barcelona and Bayern Munich. Xabi Alonso’s Real will play City at home and take on Premier League champions Liverpool at Anfield in what will…
Read MoreHong Kong Activists Face Tough Compromise Over LGBTQ Rights Blueprint
Hong Kong’s LGBTQ community has reluctantly rallied behind a government plan to expand rights for some same-sex couples, with activists ditching their idealism in hope of a rare legislative win. The city’s top court confined marriage to heterosexual couples in 2023 but ordered the government to create an “alternative framework” to recognise same-sex couples’ rights…
Read MoreAnxious Parents Face Tough Choices On AI
When it comes to AI, many parents navigate between fear of the unknown and fear of their children missing out. “It’s really hard to predict anything over five years,” said Adam Tal, an Israeli marketing executive and father of two boys aged seven and nine, when describing the post-generative AI world. Tal is “very worried”…
Read MoreEU Targets Russian Oil In Tough New Ukraine War Sanctions
The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow’s oil exports. The 18th round of economic measures from Europe against Russia since its 2022 invasion comes as allies hope US President Donald…
Read MoreGuinness-owner Diageo CEO step downs after tough two years, finance chief to lead in interim
Published Wed, Jul 16, 2025 · 08:22 PM [LONDON] Diageo CEO Debra Crew has stepped down after just two years in the job, the world’s biggest spirits maker said on Wednesday (Jul 16), with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt. Shares…
Read MoreJapan PM To Face Tough Upper House Election On July 20
Japan will hold an upper house election on July 20, the government said Tuesday, with Prime Minister Shigeru Ishiba battling low approval ratings driven partly by public frustration over inflation. Ishiba, 68, has been head of a minority government since October, when he led the ruling coalition to its worst general election result in 15…
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