Politics
Trump Drive to Cut Safety Net Could Hit His Voters
In his first term as president, Donald J. Trump targeted what many Republicans consider blatant welfare waste — a rule that gives food…
Tag
Cut
Business
Cathay Pacific to cut profit payout to staff by around 50%
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Business
Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time…
Business
Easing tariff fears cement bets on ECB rate cut next week
EUROPEAN Central Bank policymakers are likely breathing a sigh of relief that the new US administration did not impose the blanket trade…
Business
Schroders to cut 3% of workforce in bid to revive growth
SCHRODERS plans to cut as much as 3 per cent of its workforce, as new chief executive officer Richard Oldfield looks to revive the UK’s…
Business
BP cuts over 5% of workforce in CEO cost cut drive
BP announced on Thursday (Jan 16) that it will cut around 4,700 staff, or over 5 per cent of its total workforce, as part of CEO Murray…
Politics
FDA Moves Forward With Last-Minute Push to Cut Nicotine Levels in Cigarettes
The Biden administration unveiled a proposal on Wednesdayto cut the level of nicotine in cigarettes, a last-minute push on a plan that…
Business
Meta to cut roughly 5% of staff, targeting lowest performers
META Platforms is cutting roughly 5 per cent of its staff through performance-based terminations and plans to hire new people to fill…
Politics
Opinion: Why Israel can't just 'cut the head off' of Hamas or Hezbollah
Since the horrific Hamas terrorist attacks of Oct. 7, 2023, Israel has been at war in the Middle East. The conflict has stretched across…
News
Karen Bass: LA Mayor Drastically Cut Fire Department Funding and Handed Out Rich Contracts to City Workers Months before Catastrophic Wildfires
Los Angeles was forced to slash funding at a major scale for its fire department after Mayor Karen Bass approved a number of lucrative…
Business
US: Wall St opens lower after hot payrolls data stokes rate cut worries
WALL Street’s main indexes opened lower on Friday (Jan 10) after a better-than-expected jobs report fanned expectations that the Federal…
Business
The Fed Is in No Rush to Cut Rates
When the Federal Reserve began lowering interest rates in September, inflation was cooling and the job market was showing some troubling…
Politics
Europe rethinks Russia strategy over fears Trump will cut sanctions: report
The European Union is reviewing U.S. sanctions placed on Russia by President Biden, prompted by fears that these could be repealed by…
News
Vitol plans to cut costs by taking aluminium from London Metal Exchange warehouses in Malaysia: sources
ENERGY and commodities trader Vitol is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from…
News
Karen Bass: LA Mayor Cut Fire Department Funding by Nearly $18M and Diverted It to Homeless Spending Months Before Wildfires Wiped Out Cities
Los Angeles Mayor Karen Bass came under intense criticism on Wednesday after it was revealed that she cut the city's Fire Department…
Business
BlackRock to cut about 1% of its employees; asset managing giant has over 20,000 staff
BLACKROCK told employees it’s cutting roughly 1 per cent of its workforce after it committed more than US$25 billion for acquisitions last…
News
VW managers to take combined 300 million euro pay cut: report
VOLKSWAGEN’S management will take pay cuts adding up to over 300 million euros (S$423.4 million) by 2030, according to comments by VW…
Business
Japanese chipmaker Renesas to cut less than 5% of global workforce
JAPANESE chipmaker Renesas Electronics will cut less than 5 per cent of its global workforce, amounting to fewer than 1,000 positions, as…
Business
China’s richest regions cut electricity prices to protect industries
MORE Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on…
Politics
Slovakia threatens to cut aid to Ukrainian refugees after Kyiv shuts off Russian gas pipeline
Slovakian Prime Minister Robert Fico said his country could cut support for Ukrainian refugees. It comes after Kyiv shut off a Russian…
Politics
Slovakia threatens to cut benefit for Ukrainians
Slovakia's Prime Minister Robert Fico has threatened to cut financial support for more than 130,000 Ukrainian refugees as a dispute with…
Politics
PBOC seen delaying RRR cut after adding liquidity via new tools
CHINA’S central bank injected massive liquidity into the market at the end of 2024 without using high-profile stimulus, as officials…
Politics
China to cut import tariffs on some recycled copper and aluminium raw materials
CHINA will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on…
Business
China avoids rate cut to keep ammunition for future pressure
CHINA refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry…