Sri Lanka targets debt restructuring framework in first 6 months of 2024, says president
Sri Lanka expects to implement a debt restructuring framework within the first six months of 2024, the country’s president said on Wednesday.
DBS slashes CEO’s variable pay by 30% after multiple digital disruptions
DBS Group cut the variable compensation for its senior management to “hold them accountable” for a number of digital disruptions that year.
Wheely, Uber’s luxury competitor, launches in Dubai to take on the UAE’s dominant player
Wheely, a luxury-focused competitor to Uber, is launching in Dubai as it looks to rev up international expansion efforts that were quashed by Covid in 2020.
China to help electric vehicle industry respond to foreign trade restrictions
China’s commerce ministry urges the new energy vehicle industry to proactively address foreign trade restrictions and collaborate with international companies.
Google says Singapore has ‘very high’ potential to be a global AI hub
“In order for AI to really deliver on its potential, you need really good public and private partnerships,” Caroline Yap of Google Cloud told CNBC.
China expresses concerns to U.S. over tariffs, sanctions in Beijing talks
Chinese financial officials voiced concerns to U.S. Treasury visitors about tariffs, investment restrictions, and sanctions on Chinese firms, said the ministry.
Lawson shares surge 18% after Japan’s KDDI launches $3.4 billion privatization offer
The telecom operator plans to acquire a 50% stake in Lawson, taking it private with trading house Mitsubishi Corp, which owns the other 50%.
Woodside Energy ceases talks on $52 billion Santos merger
Australia’s Woodside Energy said on Wednesday it had ended talks with Santos to create a possible AU$80 billion ($52.22 billion) global oil and gas giant.
CNBC Daily Open: No letup in tech layoffs
There appears to be no letup in Silicon Valley’s march to downsize, or rather to “right-size.”
‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist Arthur Laffer
The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer has warned.
