German chemical major Wacker Chemie on Thursday announced plans to cut 1,500 jobs, nearly a tenth of its global workforce, as the industry faces one of its toughest periods in decades. The company said most of the reductions will take place in Germany, with the process to be completed by the end of 2027, according…
China Taiping Insurance Holdings Co. shares fell sharply on Thursday amid concerns over its exposure to a Hong Kong construction project linked to a devastating high-rise fire that has killed at least 44 people and left hundreds missing.The stock slid as much as 8.1% in early trading before trimming losses to about 2% by late…
NEW DELHI: India crashed to their biggest-ever defeat in Test cricket on Wednesday, losing by a staggering 408 runs to South Africa in the second Test in Guwahati as the visitors wrapped up a 2-0 series whitewash — their first series win on Indian soil in 25 years. The rout also marked one of India’s…
Most US stocks rose on Tuesday as softer retail sales and mixed producer-price data kept alive expectations of another Federal Reserve rate cut in December, even as a sharp fall in Nvidia weighed on the Nasdaq.The S&P 500 inched up 0.1% in early trade, with four out of five stocks in the index gaining. The…
The strong run in US initial public offerings has lost momentum due to the government shutdown and increased investor caution, as the Securities and Exchange Commission (SEC) works through a backlog of regulatory filings, according to market participants.Many IPOs expected in late 2025 are likely to be pushed to 2026 as the SEC clears “hundreds…
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
The US stock market opened higher on Friday, with the S&P 500 rising 0.4 per cent, the Dow Jones Industrial Average adding 242 points, and the Nasdaq composite advancing 0.5 per cent, following what was described as one of the most volatile sessions since April. The modest rebound came a day after markets rallied early…
India’s Jasprit Bumrah and teammates celebrate (ANI Photo) India’s Test side is facing intense scrutiny once again after their defeat to South Africa. The loss has pushed earlier concerns back into focus, especially after the recent home whitewash against New Zealand. With a young captain and a new head coach still settling in, many feel…
BENGALURU: With companies adopting a more cautious approach to hiring, apprenticeships are emerging as a rare window of opportunity for young engineering graduates hoping to break into MNCs. This trend, accelerated during the pandemic, has pushed firms to look beyond traditional talent pools. Unlike internships, apprenticeships target graduates who already have a degree but are…
India’s Ravindra Jadeja with head coach Gautam Gambhir (PTI Photo/Swapan Mahapatra) South Africa stunned India by 30 runs in the opening Test at Eden Gardens on Sunday, securing their first win on Indian soil in 15 years and reigniting uncomfortable questions about the hosts’ batting against quality spin on home tracks. Chasing 124, India folded…