Business
Southwest Airlines to cut 15% of corporate jobs in first-ever layoffs
SOUTHWEST Airlines will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in…
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Cut
Politics
Republicans Want Lower Taxes. The Hard Part Is Choosing What to Cut.
Since their party swept to power, Republicans have entertained visions of an all-inclusive tax cut — one that could permanently lower…
Business
Australia set for first rate cut since 2020 as trade risks mount
AUSTRALIA’S central bank is poised to cut interest rates for the first time in four years even as the board remains alert to potential…
News
The Perfect Boss: Does Yours Make the Cut?
Ever wondered if your boss ticks all the right boxes? You know, the kind of leader who really gets it. Being a good manager isn’t just…
Politics
Steve Bannon Has Dark Warning for Republicans Planning to Cut Medicaid
Steve Bannon, former architect of the MAGA movement turned podcaster, warned that Republicans making cuts to Medicaid would affect members…
Business
Porsche to cut another 2k jobs in Germany by 2029
Carmaker Porsche is reportedly planning to layoff an additional 1,900 people in Germany by 2029, following a review of an ongoing…
News
German sports carmaker Porsche to cut 1,900 jobs
The job cuts follow a three-percent fall in deliveries worldwide last year -- driven by a 28-percent drop in China (Daniel ROLAND) Sports…
Politics
Fact check: Does Republican budget cut Medicaid by $880 billion?
After House Republicans shared a new budget proposal this week, some Democrats began sounding the alarm that Medicaid funding could be…
Business
US: Wall St opens sharply lower as hot inflation data dents rate cut hopes
WALL Street’s main indexes dropped at the open on Wednesday (Feb 12), as a hotter-than-anticipated inflation reading added to concerns…
Business
Malaysia’s Petronas to cut jobs to ensure survival: reports
MALAYSIA’S state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global…
Politics
Trump plan would cut nearly all USAID jobs, officials say
The Trump administration presented a plan Thursday to dramatically cut staffing worldwide for U.S. aid projects as part of its dismantling…
Politics
House lawmakers push forward legislation to cut funding on animal testing abroad
House lawmakers introduce d bipartisan legislation Thursday that would eliminate U.S. funding of experiments on animals abroad. Source link
Business
Workday to cut nearly 2,000 workers on profit focus
WORKDAY is cutting about 8.5 per cent of its workforce, making it the latest technology company to begin 2025 with headcount reductions.…
Business
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources…
Business
Walmart to cut hundreds of jobs, relocate staff to main hubs
WALMART is eliminating some jobs and asking workers to move to central offices in Arkansas or California, continuing the retailer’s push…
Business
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs
ESTEE Lauder on Tuesday (Feb 4) forecast third-quarter profit well below estimates, citing persistent weak demand at airports and travel…
Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its…
Business
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million)…
Politics
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition…
Business
ECB to cut interest rates, keep door open to further easing
THE European Central Bank (ECB) is all but certain to cut interest rates on Thursday (Jan 30) and is likely to keep open the door to…
Business
ECB to cut rates again, with a nervous eye on Trump
EUROZONE rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track…
Politics
Donald Trump Just Cut All Foreign Aid to Ukraine and Most of the World
Donald Trump’s administration issued a 90-day pause on all foreign aid, with exceptions for Israel and Egypt, according to a new State…
News
British submarine hunters will be flying new patrols amid fresh fears bad actors could cut critical underwater cables
The UK is sending submarine-hunting aircraft to participate in a new NATO operation in the Baltic Sea. The operation is a response to…