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"Due to adjustments to hiring plans on some tech teams, a number of roles at Shopee are no longer available. We are working closely to support those affected," a company representative said. The move follows other recent job cuts at Sea. Staff at Booyah!, a gaming livestream app, which is part of Sea's gaming unit Garena, were told they would be let go and the app would no longer be updated, separate sources have told Reuters, adding that projects at Sea's development unit were also shut down. Earlier this year, media reports also said Shopee had shed headcount in Southeast Asia, Mexico and Latin America. Shopee declined to comment on those reports. PESSIMISTIC TONE As recently as March, Sea said it would continue to invest in Shopee, which competes with Alibaba Group Holding's Southea...

ROME :Mario Draghi's outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the matter said. Intel's investment in Italy is part of a wider plan announced by the U.S. chipmaker last March to invest as much as 80 billion euros ($77.5 billion) over the next decade in building capacity across Europe. With an initial investment worth some 4.5 billion euros expected to rise over time, Intel has said the Italian plant would create 1,500 jobs plus an additional 3,500 jobs across suppliers and partners, with operations to start between 2025 and 2027. The Italian factory would be an advanced semiconductor packaging and assembly plant, using new technologies...

watch now China holds the "dominant position" in its relationship with Russia, and President Xi Jinping is no longer prepared for Moscow to "act as it pleases," according to one political analyst. "It's an unequal partnership, and China is in the dominant position in the relationship," said Matthew Sussex, an associate professor from Griffith University in Australia. He attributed it to the fact that Russia needs China more than China needs Russia. The comments come a day after the Chinese leader met Russian President Vladimir Putin in Uzbekistan, on the sidelines of the Shanghai Cooperation Organisation in Samarkand. It was the two leaders' first in-person meeting since Russia launched an unprovoked war on neighboring Ukraine in February. During the meeting, Xi expressed that Beijing was...

SAN FRANCISCO: Tesla Chief Executive Elon Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago, saying humans were better at certain jobs. My, how times have changed. Musk's Texas company now is floating ambitious plans to deploy thousands of humanoid robots, known as Tesla Bot or Optimus, within its factories, expanding eventually to millions around the world, according to job postings. Buzz is building within the company as Tesla is having more internal meetings on robots, a person familiar with the matter said. Longer term, Musk said at a TED Talk robots could be used in homes, making dinner, mowing the lawn and caring for the elderly people, and even becoming a "buddy" or a "catgirl" sex partner. The robot business eventua...

In this article GS Follow your favorite stocks CREATE FREE ACCOUNT watch now The weakest American borrowers are starting to miss payments and default on their loans, and that is showing up at a surprising place: Goldman Sachs. While competitors like Bank of America enjoy repayment rates at or near record levels, Goldman's loss rate on credit card loans hit 2.93% in the second quarter. That's the worst among big U.S. card issuers and "well above subprime lenders," according to a Sept. 6 note from JPMorgan. The profile of Goldman's card customers actually resembles that of issuers known for their subprime offerings. More than a quarter of Goldman's card loans have gone to customers with FICO scores below 660, according to filings. That could expose the bank to higher losses if the economy ...

One person died and than 19 are missing at sea after a boat carrying Chinese nationals sank off the coast of Cambodia, an official said Friday (Sep 23). PHNOM PENH: The boat with 41 Chinese people on board got into difficulties off Sihanoukville on Thursday, Preah Sihanouk provincial spokesman Kheang Phearom told AFP. The once-quiet fishing village of Sihanoukville has been transformed by a Chinese investment boom in recent years, with dozens of casinos opening. There have been growing reports of Chinese workers being trafficked or smuggled into the city to work. Kheang Phearom said that as of 7pm (1200 GMT) 21 people have been rescued, and the body of one woman has been recovered from the water. Officials are searching for the others, he said. Provincial police chief Chuon Na...

"INVINCIBLE" Elizabeth died on Sep 8 at her Scottish summer home, Balmoral Castle. Her health had been in decline, and for months the monarch who had carried out hundreds of official engagements well into her 90s had withdrawn from public life. However, in line with her sense of duty she was photographed just two days before she died, looking frail but smiling and holding a walking stick as she appointed Liz Truss as her 15th and final prime minister. Such was her longevity and her inextricable link with Britain that even her own family found her passing a shock. "We all thought she was invincible," Prince William told well-wishers. The 40th sovereign in a line that traces its lineage back to 1066, Elizabeth came to the throne in 1952, Britain's first post-imperial monarch. She over...

A view of the Google EMEA HQ building in the western part of the Grand Canal Docks in Dublin, seen during Level 5 Covid-19 lockdown. On Friday, 22 January, 2021, in Dublin, Ireland. NurPhoto | NurPhoto | Getty Images Ireland's economic growth continued to outpace the euro zone average in the second quarter — but the country is still grappling with the same cost of living and energy security pressures as its neighbours. Government figures show Irish gross domestic product increased by 1.8% quarter-on-quarter, driven by higher consumer and business spending, although it was down markedly from the 6.3% growth posted in the first quarter. Gross national product — which strips out profit from the many multinational companies which are based in the country, and account for 54.8% of its economy ...

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Transportation is the second largest expenditure for most Americans after housing, so it's important to make the most of these purchases. While a number of credit cards offer bonus rewards on gas station spending, many individuals commute by other means. Fortunately, as the popularity of ride-hailing apps like Uber and Lyft has skyrocketed over the last decade, many credit card issuers have met cardholders with additional rewards for these transactions. So if you regularly use rideshares or taxis to get around your own city, or while traveling, you may consider signing up for a card that offers bonus points, cash-back or other perks for those purchases. Here are Select's picks for the top credit cards for maximizing Uber, Lyft and taxi rides. Best credit cards for Uber, Lyft and taxi ride...