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Representative image of Chinese and Japanese passenger vehicles in a Southeast Asian urban market, illustrating how BYD Co. Ltd., Chery Automobile Co. Ltd., and SAIC Motor Corp. Ltd. are challenging Japanese automaker dominance across the ASEAN light vehicle market amid rising electric vehicle and hybrid demand.

How BYD, Chery, and SAIC are winning Southeast Asia as Japanese automakers retreat

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Representative image: ANZ’s vacant office floor symbolizes the scale of upcoming workforce cuts as new CEO Nuno Matos launches a bold restructuring plan involving 3,500 job losses across Australia’s banking sector.

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General business news

ANZ’s ‘wartime CEO’ is cutting 3,500 jobs—will this be enough to revive the bank’s lagging performance?

Find out how ANZ’s new CEO Nuno Matos is reshaping the bank in a sweeping A$560M restructure as 3,500 jobs face the axe—read more!

byPallavi Madhiraju

September 9, 2025

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