Google-Backed Edtech Startup Adda247 Cuts Around 300 Jobs Amid Funding Crunch: Report
Adda247 secured $35 million last year from Google and WestBridge, but a funding winter this year appears to have caught up with the edtech startup.
Rice Prices Are Rising In Philippines After Price Cap Lifted; Food Crisis Worries Loom
Philippine rice prices have started going back to the same levels before the Marcos administration implemented a price ceiling to keep domestic prices from rising further, just a week after the cap was lifted.
In World's First, China's EHang Gets Approval For Fully Autonomous Passenger Air Taxis
EHang said it has become the world's first air taxi company to obtain airworthiness certification to fly passenger-carrying autonomous electric vertical take-off and landing (eVTOL) aircraft
UK Wants Philippines To 'Feel Supported' As It Stands Up For International Law: British Minister
Great Britain and the Philippines are celebrating 77 years of diplomatic relations this year, and the UK's show of support comes as the smaller Southeast Asian nation resists Beijing's pressure in a disputed shoal at the Spratly Islands.
Logistics Company Flexport To Cut 20% Of Global Workforce A Month After CEO's Exit
Flexport founder Ryan Petersen said the supply chain management company will begin the layoffs process Friday as Flexport seeks to "get back to profitability without raising prices or placing our fortress balance sheet at risk.
Tech Layoffs: Database Company MariaDB Cuts 28% Of Staff Amid Financial Woes
MariaDB is implementing another round of layoffs following a previous round of job cuts in April. The database company has been facing financial challenges and actively seeking funding in recent months.
Netflix To Cut Animation Unit, Streaming Giant Looks To Outsource Producers: Report
Netflix is cutting an unknown number of staffers at its animation arm and is shutting down two films in pre-production following hundreds of job cuts at the streaming giant last year.
ASEAN Nations Forge Deal To Enhance Trade Customs Clearance, Led By Philippines
ASEAN nations have signed an agreement to enhance customs clearance for export and import transactions among members, marking another step towards strengthening relations within the group.
Malaysia Working On AI Code Of Ethics, To Be Ready By 2024
Malaysia is working on a code of ethics for AI that will be completed by 2024 as ASEAN members move toward regulating the fast-evolving technology.
Spratly Islands Dispute: China 'Pushing' Philippines To Make First Move As An Excuse For 'Disproportionate Response'
China may be pushing the Philippines to respond first as it continues to make dangerous moves in the disputed Second Thomas Shoal, which it says is part of its territorial waters.
Washington Post To Eliminate 240 Jobs Through Voluntary Buyouts After 'Overly Optimistic' Projections
The Washington Post has reportedly been struggling with its finances in the past three years and is said to be on track to lose around $100 million this year.
China, Philippines Renew War Of Words As Focus Shifts From Scarborough To Spratly Islands
Tensions over the disputed Scarborough Shoal are yet to de-escalate, but China and the Philippines are at it once again with a word war over the long-disputed Spratly Islands.
Jeff Bezos' Blue Origin Cuts 40 Jobs As Launch Mishap Probe Ends: Report
Blue Origin has reportedly eliminated more than three dozen employees in its technology unit about a month after the aerospace firm cut human resources jobs.
No Reason To Ruin US-China Relations, Xi Tells Schumer, Senators Amid Looming APEC Summit
Chinese President Xi Jinping had an amicable meeting with Senate Majority Leader Chuck Schumer following months of escalated tensions between the world's largest economies.
ASEAN Doesn't Want Region To Become 'Arena Of Confrontation': Thai Deputy PM
Both the U.S. and China are Thailand's major trading partners. But the country's deputy PM said ASEAN, of which Thailand is a member, will not be forced to take sides as the world's largest economies engage in a power play.
Networking Giant Juniper Networks To Cut Over 400 Jobs Globally Amid Restructuring Efforts
Juniper Networks said it was looking to "reallocate resources" to ensure that the company's strategic priorities are efficiently managed.
DreamWorks Animation Cuts 70 Staff In Corporate, TV, Tech Units Amid Cost-Cutting
DreamWorks Animation has laid off dozens of staff at four departments amid the company's preparations for the release of the third "Trolls" movie.
'The Wolf Among Us' Developer Laid Off 'Most Of' Its Workers In September, Ex-Employee Says
Telltale Games confirmed it has let go of some of its team members due to "current market conditions." It said all projects in development "are still in production."
Afghanistan's Taliban Says Threats Against China 'A Challenge To Our Own'
Afghanistan's foreign minister told his Chinese counterpart Thursday that any threats against China would be taken seriously amid reports of terror attacks targeting Chinese nationals in the country.
Maritime Incident That Killed 3 Fishermen Not Related To Territorial Dispute: Philippine Coast Guard Official
A Philippine Coast Guard official said the tragic incident that cost the lives of three Philippine fishermen near Scarborough Shoal earlier this week was not related to territorial disputes in the South China Sea.
Tech Layoffs: Software Company Qualtrics Cuts 780 Jobs, Citing 'Complexity' In Structure
Qualtrics is cutting its staff by the hundreds amid an organizational complexity driven by rapid hiring in the past years. The software company was acquired by Silver Lake in June.
Investment Bank Citigroup Begins Role Review For November Layoffs: Report
Citigroup is looking to announce the results of its organizational review next month as it continues to simplify the bank's structure.
Scarborough Shoal: The Strategic Reef At The Center Of China-Philippine Tensions
Scarborough Shoal, 11 years after a 10-week standoff between Philippine and Chinese warships, is again at center of a territorial dispute between China and the Philippines.
Twitch Cuts Staff For Second Time This Year, Just Ahead Of TwitchCon Event: Reports
The layoffs will reportedly happen in the customer experience unit. Twitch last reduced its workforce in March after its parent company Amazon announced it was eliminating around 9,000 roles.
Senators Call For 'Unbiased' Probe, Accountability In Deaths Of 3 Filipino Fishermen Near Scarborough Shoal
The Philippine Coast Guard said three Filipino fishermen died after a foreign commercial vessel "rammed" into a Filipino fishing boat early Monday around the vicinity waters of Scarborough Shoal.
Malaysia To Try Cloud Seeding To Combat Haze As Indonesia Denies Transboundary Smoke
Malaysia blamed forest fires in the islands of Sumatra and Kalimantan in neighboring Indonesia for the worsening air quality in parts of the country. Indonesia denied it, saying there was "no transboundary haze."
TikTok Parent ByteDance's Valuation Plunges 26% Amid Share Buyback: Report
TikTok parent ByteDance was, at one point, valued at $400 billion. The short-form video hosting service has been banned by various Western governments amid cybersecurity concerns and questions over its alleged links to Beijing.
US-Philippines Joint Navy Drills Kick Off After Chinese Boats Allegedly Block Filipino Fishermen
The SAMASAMA joint naval exercises have kicked off in the South China Sea as the Philippines continues to strengthen alliances with the U.S. and other countries amid escalating tensions in the disputed Scarborough Shoal.
N. Korea Calls UN Nuclear Watchdog A 'Paid Trumpeter' Of US Following IAEA Resolution
North Korea said the IAEA was a "paid trumpeter" of the U.S. and has walked away from its mission of maintaining impartiality. The IAEA has not had access to the reclusive country since 2009.
Beijing Claps Back At State Department Report, Calls US An 'Empire Of Lies'
Beijing is not sitting idly by after the U.S. State Department released a new report accusing China of a global information manipulation drive, saying it was Washington that has been spreading lies.