Business
Buffett cuts Amazon stake, makes bet on New York Times
Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon.com by more than 75 per cent in the fourth quarter, while also building a…
Tag
Cuts
Business
BNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December Paribas nudged up its 2028…
Business
Indonesia coal miners warn of layoffs, economic risks over proposed output cuts
The trims aim to push up the plunging thermal coal prices amid fears of oversupply by the country Indonesia’s Coal Mining Association…
Business
Peloton cuts 11% of jobs, with engineering teams getting hit
The fitness technology company joins a slew of other tech companies that have recently slashed their workforces Peloton Interactive, the…
Business
BlackRock cuts value of private debt fund by 19%, waives fee
A BLACKROCK private debt fund expects to mark down the net value of its assets 19 per cent after a string of troubled loans weighed on…
Business
France climate goals off track as emissions cuts slow again
France's cuts to greenhouse gas emissions slowed for a second straight year in 2025 and remain well off track to meeting its climate…
News
Kash Patel’s FBI Cuts Minnesota Out of ICE Shooting Investigation
More than a dozen schemes have popped up in Minnesota’s safety net programs in recent years, many of them involving members of the state’s…
Politics
Top Trump Official Threatens Even More Aid Cuts in Minnesota
“The woman screaming was, obviously, a professional agitator, and the woman driving the car was very disorderly, obstructing and…
Business
BOJ cuts monthly bond purchase amount by 400 billion yen
The Bank of Japan on Friday (Dec 26) announced a 400 billion yen (S$3.28 billion) reduction in its monthly bond purchases, continuing its…
News
Marco Rubio Stands by Cuts That Killed Hundreds of Thousands of People
Secretary of State Marco Rubio says he’s proud of shuttering the U.S. Agency of International Development—but he really shouldn’t be.…
Business
FMC to launch restructuring plan, targets plant closures and Asia cost cuts
Agrichemicals firm FMC said on Friday (Dec 12) that its board has approved a restructuring plan, aimed at cutting costs, shutting down…
Business
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.…
Politics
Luxury carmaker Porsche bracing for more massive cuts
Dark clouds can be seen over Porsche AG's main plant. Marijan Murat/dpa German luxury carmaker Porsche plans to intensify its cost-cutting…
News
Airbus cuts 2025 delivery target after issues with top-selling jet
Airbus cut its 2025 delivery target to around 790 commercial aircraft on Wednesday (Dec 3), 30 fewer than previously expected, but…
Business
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year Bank Indonesia (BI) will strike a balance…
News
Drone attack suspends operations at major Iraq gas field, power cuts occur across Kurdish region
A drone attack on the Khor Mor gas field in Iraq causes major power outages in northern regions, damaging key infrastructure and halting…
Politics
US airlines brace for third day of government-mandated flight cuts
13,000 air traffic controllers and 50,000 security screeners have been forced to work without pay Major airlines braced for a third day of…
Politics
US warns it could force 20% flight cuts if shutdown continues
US Transportation Secretary Sean Duffy warned on Friday he could force airlines to cut up to 20 per cent of flights if the government…
Politics
Peru cuts ties with Mexico over asylum for ex-prime minister
Peru has severed diplomatic relations with Mexico after accusing it of granting asylum to a former Peruvian prime minister who is on trial…
Politics
Trump cuts tariffs on China after meeting Xi in South Korea
President Trump described his face-to-face with Chinese leader Xi Jinping on Thursday as a roaring success, saying he would cut tariffs on…
Business
Intel shares jump as investments, cost cuts catapult turnaround efforts
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive…
Politics
California judge halts Trump federal job cuts amid government shutdown
SAN FRANCISCO — A federal judge blocked the Trump administration Wednesday from firing thousands of federal employees based on the ongoing…
Business
Goldman Sachs plans more job cuts to boost savings, leverage AI push
Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its…
Politics
Trump’s DOJ Cuts Are a Disaster for Sexual Violence Survivors
Indeed, Martina Shabram, executive director of Sexual Assault Support Services, or SASS, in Eugene, Oregon, said: “Certifying in that way…