[{"ar_sbhdtease":"","ar_byline":"","ar_views":"157","ar_id":"2003831140","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-02-01","ar_head":"Europe banks unveil massive job cuts in \u2018year of reckoning\u2019","dp_urlname":"biz","ar_desc":"The start of the year is normally a time when Europe\u2019s bankers wait nervously for a word on their bonuses, but weeks into this year, some are starting to wonder if they will even have a job.On Thursday, Deutsche Bank AG chief executive officer Christian Sewing put his staff on notice, saying he is l","ar_url":"News\/biz\/archives\/2025\/02\/01\/2003831140","photo":{"ar_id":"2003831140","ph_attr":"Photo: Reuters","ph_cap":"A worker walks past Deutsche Bank offices in London on March 16, 2023.","ph_fpath":"2025\/02\/01","ph_fname":"P06-250201-329.jpg","ph_url":"images\/2025\/02\/01\/P06-250201-329.jpg","ph_url_thumbs":"images\/2025\/02\/01\/thumbs\/P06-250201-329.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"378","ar_id":"2003831141","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-02-01","ar_head":"Philippine stocks enter bear market on growth worries","dp_urlname":"biz","ar_desc":"Philippine stocks yesterday fell for a fifth day, pushing the nation\u2019s benchmark index into a bear market, amid concern over potential global headwinds and disappointing domestic economic data.The nation\u2019s benchmark equity gauge slid to the lowest level in more than two years as the prospect of high","ar_url":"News\/biz\/archives\/2025\/02\/01\/2003831141","photo":{"ar_id":"2003831141","ph_attr":"Photo: Reuters","ph_cap":"A woman walks in the lobby of the Philippine Stock Exchange in Taguig City, Metro Manila, on Sept. 30, 2020.","ph_fpath":"2025\/02\/01","ph_fname":"P06-250201-328.jpg","ph_url":"images\/2025\/02\/01\/P06-250201-328.jpg","ph_url_thumbs":"images\/2025\/02\/01\/thumbs\/P06-250201-328.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"381","ar_id":"2003831142","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-02-01","ar_head":"Face of the river","dp_urlname":"biz","ar_desc":"An artist dressed as the goddess Narmada, the personification of the Narmada River, adorned in a traditional Indian saree and accompanied by her \u201cvahana\u201d (deity carrier), a crocodile, poses for pictures ahead of Narmada Jayanti celebrations in Jabalpur, India, yesterday.","ar_url":"News\/biz\/archives\/2025\/02\/01\/2003831142","photo":{"ar_id":"2003831142","ph_attr":"Photo: AFP","ph_cap":"","ph_fpath":"2025\/02\/01","ph_fname":"P06-250201-338.jpg","ph_url":"images\/2025\/02\/01\/P06-250201-338.jpg","ph_url_thumbs":"images\/2025\/02\/01\/thumbs\/P06-250201-338.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"54","ar_id":"2003831143","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-02-01","ar_head":"Automated entertainer","dp_urlname":"biz","ar_desc":"A humanoid robot wearing a traditional Chinese costume performs at the Spring Festival Science and Technology Temple Fair in Beijing yesterday.","ar_url":"News\/biz\/archives\/2025\/02\/01\/2003831143","photo":{"ar_id":"2003831143","ph_attr":"Photo: AFP","ph_cap":"","ph_fpath":"2025\/02\/01","ph_fname":"P05-250201-320.jpg","ph_url":"images\/2025\/02\/01\/P05-250201-320.jpg","ph_url_thumbs":"images\/2025\/02\/01\/thumbs\/P05-250201-320.jpg"}},{"ar_sbhdtease":"TRUMP BLAMES INFLATION: ","ar_byline":"","ar_views":"397","ar_id":"2003831084","ar_sbhdbody":"The US Federal Reserve said the unemployment rate had stabilized and the labor market was still solid, but inflation remains elevated","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Powell says Fed in no hurry to cut rates","dp_urlname":"biz","ar_desc":"The US Federal Reserve is in no \u201churry\u201d to adjust interest rates again, central bank Chairman Jerome Powell said on Wednesday, after policymakers voted to pause rate cuts in the first decision since Donald Trump\u2019s White House return.The Fed\u2019s rate-setting committee voted unanimously to keep the bank","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831084","photo":{"ar_id":"2003831084","ph_attr":"Photo: Bloomberg","ph_cap":"US Federal Reserve Chairman Jerome Powell addresses a news conference following a Federal Open Market Committee meeting in Washington on Wednesday. Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year.","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-312.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-312.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-312.jpg"}},{"ar_sbhdtease":"GREATER FRICTION:","ar_byline":"","ar_views":"314","ar_id":"2003831125","ar_sbhdbody":"ECB President Christine Lagarde says Europe\u2019s economy will remain frail in the near term, with risks to the outlook still tilted to the downside due to the possibility of greater global trade frictions","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"ECB cuts rate again as eurozone falters, with eye on Trump","dp_urlname":"biz","ar_desc":"The European Central Bank (ECB) cut interest rates again yesterday and signaled more to come as the eurozone economy flatlines, while warning of trade tensions and uncertainty amid US President Donald Trump's protectionist agenda.The ECB cut its benchmark deposit rate by a further quarter point to 2","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831125","photo":{"ar_id":"2003831125","ph_attr":"Photo: EPA-EFE","ph_cap":"European Central Bank (ECB) President Christine Lagarde speaks at a news conference in Frankfurt, Germany, yesterday.","ph_fpath":"2025\/01\/31","ph_fname":"ECB.jpg","ph_url":"images\/2025\/01\/31\/ECB.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/ECB.jpg"}},{"ar_sbhdtease":"SUBSIDIES: ","ar_byline":"","ar_views":"622","ar_id":"2003831085","ar_sbhdbody":"The nominee for commerce secretary indicated the Trump administration wants to put its stamp on the plan, but not unravel it entirely","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Lutnick demurs on honoring CHIPS Act contracts","dp_urlname":"biz","ar_desc":"US President Donald Trump\u2019s pick to lead the agency in charge of a US$52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp and Taiwan Semiconductor Manufacturing Co (\u53f0\u7a4d\u96fb).\u201cI can\u2019t say that I c","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831085","photo":{"ar_id":"2003831085","ph_attr":"Photo: EPA-EFE","ph_cap":"Howard Lutnick, US President Donald Trump\u2019s pick to be the secretary of commerce, testifies before the Senate Committee of Commerce, Science and Transportation during his confirmation hearing in the Russell Senate Office Building in Washington on Wednesday.","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-316.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-316.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-316.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"119","ar_id":"2003831086","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Softbank in talks to invest up to US$25bn in OpenAI","dp_urlname":"biz","ar_desc":"Softbank Group Corp is in talks to invest up to US$25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.Softbank could invest US$15 billion to US$25 billion directly into Microsoft Corp-backed OpenAI, som","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831086","photo":{"ar_id":"2003831086","ph_attr":"Photo: Reuters","ph_cap":"Softbank and Y!mobile logos are displayed at a Softbank outlet in Tokyo on Tuesday.","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-313.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-313.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-313.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"139","ar_id":"2003831087","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Toyota beats VW as top carmaker for fifth straight year","dp_urlname":"biz","ar_desc":"Toyota Motor Corp sold 10.8 million cars last year, a slight drop from the previous year, but more than enough to protect its title against Volkswagen AG as the world\u2019s biggest carmaker for a fifth consecutive year.While global sales \u2014 including from subsidiaries Daihatsu Motor Co and Hino Motors Lt","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831087","photo":{"ar_id":"2003831087","ph_attr":"Photo: Reuters","ph_cap":"Toyota\u2019s logo is displayed at the automaker\u2019s exhibition stall at the Bharat Mobility Global Expo in New Delhi on Feb. 1 last year.","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-315.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-315.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-315.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"210","ar_id":"2003831088","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"US officials mull tighter curbs on Nvidia China sales","dp_urlname":"biz","ar_desc":"Officials of US President Donald Trump\u2019s administration are exploring additional curbs on the sale of Nvidia Corp chips to China, according to people familiar with the matter, who emphasized that conversations are in very early stages as the new team works through policy priorities.Officials are foc","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831088","photo":{"ar_id":"2003831088","ph_attr":"Photo: Reuters","ph_cap":"The Nvidia logo and US and Chinese flags are pictured in an illustration taken on Wednesday.","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-314.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-314.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-314.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"110","ar_id":"2003831089","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"India approves US$1.9bn scheme for critical minerals","dp_urlname":"biz","ar_desc":"India\u2019s Cabinet on Wednesday approved a 163 billion-rupee (US$1.9 billion) program to secure supplies of a range of minerals used mainly in battery, electronics, defense and agriculture sectors.The National Critical Mineral Mission will focus on local mining and processing of 24 vital minerals, as w","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831089","photo":{"ar_id":"2003831089","ph_attr":"Photo: AFP","ph_cap":"A girl dressed as an Indian soldier holds the country\u2019s national flag during celebrations on the eve of Republic Day at a school in Amritsar on Saturday last week.","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-317.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-317.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-317.jpg"}},{"ar_sbhdtease":"AI FRENZY: ","ar_byline":"","ar_views":"146","ar_id":"2003831090","ar_sbhdbody":"Satya Nadella downplayed concerns about DeepSeek, saying efficiency gains and lower prices mean \u2018people can consume more and there\u2019ll be more apps\u2019","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Microsoft profit rises, but cloud unit misses mark","dp_urlname":"biz","ar_desc":"Microsoft Corp on Wednesday reported profits of US$24.1 billion in the recently ended quarter, but shares slid on worries over its vital cloud computing business.Revenue grew 12 percent year-on-year to US$69.6 billion and the amount of money taken in by its \u201cintelligence cloud\u201d unit including its fl","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831090","photo":{"ar_id":"2003831090","ph_attr":"Photo: Bloomberg","ph_cap":"The Microsoft logo is displayed at its campus in Mountain View, California, on Tuesday.","ph_fpath":"2025\/01\/31","ph_fname":"P06-250131-332.jpg","ph_url":"images\/2025\/01\/31\/P06-250131-332.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P06-250131-332.jpg"}},{"ar_sbhdtease":"VALUES, INTERESTS:","ar_byline":"","ar_views":"71","ar_id":"2003831091","ar_sbhdbody":" Meta has agreed to pay US$25m to settle a lawsuit that Donald Trump brought after his accounts were suspended following the Capitol attack","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Meta\u2019s Q4 profit, revenue, beat Wall Street forecasts","dp_urlname":"biz","ar_desc":"Meta Platforms Inc on Wednesday posted sharply higher profit and revenue for the final quarter of last year, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence (AI) efforts.CE","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831091","photo":{"ar_id":"2003831091","ph_attr":"Photo: Bloomberg","ph_cap":"People walk past Meta headquarters in Menlo Park, California, on Tuesday. ","ph_fpath":"2025\/01\/31","ph_fname":"P06-250131-333.jpg","ph_url":"images\/2025\/01\/31\/P06-250131-333.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P06-250131-333.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"83","ar_id":"2003831092","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Tesla misses estimates, projects auto growth","dp_urlname":"biz","ar_desc":"Tesla Inc reported lower-than-expected profits on Wednesday, but confirmed key benchmarks for this year, saying it will return to sales volume growth and move forward with fully autonomous driving.The results capped a mixed year for Tesla in which CEO Musk\u2019s big bet on US electoral politics was coun","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831092","photo":{"ar_id":"2003831092","ph_attr":"\bPhoto: EPA-EFE","ph_cap":"Tesla signage is displayed outside a showroom in Burbank, California, on Wednesday.","ph_fpath":"2025\/01\/31","ph_fname":"P06-250131-330.jpg","ph_url":"images\/2025\/01\/31\/P06-250131-330.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P06-250131-330.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"141","ar_id":"2003831123","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"ABB sees growth in data center business despite rise of DeepSeek","dp_urlname":"biz","ar_desc":"ABB Ltd expects increased demand from the data center market for its electrification products, CEO Morten Wierod said on Thursday, despite the promise of lower-energy artificial intelligence (AI) models from Chinese start-up DeepSeek (\u6df1\u5ea6\u6c42\u7d22).The DeepSeek chatbot, a low-cost alternative to US rivals, ","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831123","photo":{"ar_id":"2003831123","ph_attr":"Photo: Arnd Wiegmann, Reuters","ph_cap":"The logo of ABB Ltd is pictured at the Swiss Economic Forum conference in Interlaken, Switzerland on May 24, 2019. ","ph_fpath":"2025\/01\/31","ph_fname":"ABB.jpg","ph_url":"images\/2025\/01\/31\/ABB.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/ABB.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"89","ar_id":"2003831124","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"H&M speeds up shift to regional supply chains amid tariff threat","dp_urlname":"biz","ar_desc":"Swedish fast-fashion retailer Hennes & Mauritz AB (H&M) is working to buy more of its clothes and accessories from suppliers closer to its key markets in Europe and the US, chief financial officer Adam Karlsson said, in part to prepare for potential US import tariffs.\"For many reasons we need to cre","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831124","photo":{"ar_id":"2003831124","ph_attr":"Photo: Reuters","ph_cap":"An H&M store at Times Square in Manhattan, New York, is pictured on Nov. 15, 2019. ","ph_fpath":"2025\/01\/31","ph_fname":"H&M.jpg","ph_url":"images\/2025\/01\/31\/H&M.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/H&M.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"76","ar_id":"2003831129","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Shell keeps up investor payouts even as profit drops, debt rises","dp_urlname":"biz","ar_desc":"Shell PLC maintained the pace of its share buybacks even as profit dropped by more than expected and net debt rose due to weaker trading amid lower oil prices.Shell chief executive officer Wael Sawan partly attributed the under-performance to the expiry of some liquefied natural gas hedging contract","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831129","photo":{"ar_id":"2003831129","ph_attr":"Photo: Peter Boer, Bloomberg","ph_cap":"A logo and rainbow motif on an oil storage silo at the Shell PLC Pernis refinery in Rotterdam, Netherlands, are pictured on Sunday. ","ph_fpath":"2025\/01\/31","ph_fname":"Shell.jpg","ph_url":"images\/2025\/01\/31\/Shell.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/Shell.jpg"}},{"ar_sbhdtease":"","ar_byline":"","ar_views":"55","ar_id":"2003831093","ar_sbhdbody":"","ar_section":"Business","ar_pubdate":"2025-01-31","ar_head":"Rush job","dp_urlname":"biz","ar_desc":"Elite Flowers employees work in the post-harvest area for flowers that will be exported ahead of Valentine\u2019s Day, in Facatativa, Colombia, on Wednesday. ","ar_url":"News\/biz\/archives\/2025\/01\/31\/2003831093","photo":{"ar_id":"2003831093","ph_attr":"Photo: Reuters","ph_cap":"","ph_fpath":"2025\/01\/31","ph_fname":"P05-250131-321.jpg","ph_url":"images\/2025\/01\/31\/P05-250131-321.jpg","ph_url_thumbs":"images\/2025\/01\/31\/thumbs\/P05-250131-321.jpg"}},{"ar_sbhdtease":"WINDFALL:","ar_byline":"","ar_views":"528","ar_id":"2003831034","ar_sbhdbody":"Despite US restrictions, ASML benefited from strong demand from Chinese chipmakers, who bought older kits to make more mature semiconductors","ar_section":"Business","ar_pubdate":"2025-01-30","ar_head":"AI boom gives ASML unexpected boost","dp_urlname":"biz","ar_desc":"ASML Holding NV booked more than twice as many orders as analysts expected in the fourth quarter of last year, as the artificial intelligence (AI) boom drove demand for its chipmaking machines.The Dutch company reported order bookings of 7.09 billion euros (US$7.4 billion) in the fourth quarter, it ","ar_url":"News\/biz\/archives\/2025\/01\/30\/2003831034","photo":{"ar_id":"2003831034","ph_attr":"Photo: Reuters","ph_cap":"The ASML logo is pictured at the firm\u2019s headquarters in Veldhoven, Netherlands, on June 16, 2023.","ph_fpath":"2025\/01\/30","ph_fname":"P05-250130-311.jpg","ph_url":"images\/2025\/01\/30\/P05-250130-311.jpg","ph_url_thumbs":"images\/2025\/01\/30\/thumbs\/P05-250130-311.jpg"}},{"ar_sbhdtease":"UNUSUAL TIMING:","ar_byline":"","ar_views":"549","ar_id":"2003831035","ar_sbhdbody":"The success of DeepSeek has prompted a scramble among its domestic competitors to upgrade their own AI models","ar_section":"Business","ar_pubdate":"2025-01-30","ar_head":"Alibaba says its new AI surpasses DeepSeek-V3","dp_urlname":"biz","ar_desc":"Chinese technology company Alibaba Group Holding Ltd (\u963f\u91cc\u5df4\u5df4) yesterday released a new version of its Qwen 2.5 artificial intelligence (AI) model that it said surpassed the highly acclaimed DeepSeek-V3.The unusual timing of the Qwen 2.5-Max\u2019s release, on the first day of the Lunar New Year when most C","ar_url":"News\/biz\/archives\/2025\/01\/30\/2003831035","photo":{"ar_id":"2003831035","ph_attr":"Photo: Bloomberg","ph_cap":"Alibaba Group Holding Ltd signage is displayed on the floor of the New York Stock Exchange (NYSE) on Jan. 2.","ph_fpath":"2025\/01\/30","ph_fname":"P05-250130-312.jpg","ph_url":"images\/2025\/01\/30\/P05-250130-312.jpg","ph_url_thumbs":"images\/2025\/01\/30\/thumbs\/P05-250130-312.jpg"}}]