Business
Bank of England Cuts Interest Rates as British Economy Weakens
The Bank of England cut interest rates on Thursday for the third time in about six months, amid signs of weak economic growth in Britain…
Tag
Cuts
Politics
Opinion: Trump wants to extend the 2017 tax cuts. Here's how that would affect regular Americans
The tax cuts enacted under the first Trump administration largely expire at the end of 2025. President Trump and his fellow Republicans…
Politics
Trump leaves scientists "panicking" as they face research funding cuts
President Trump's threats of federal freezes have left scientists panicking, as they face funding cuts for critical research in areas…
Business
Sonos cuts 12% of workers in bid to improve product organisation
Sonos said it’s cutting about 12 per cent of its staff, or 200 workers, in a bid to make its product teams “flatter, smaller and more…
Politics
Senate to move on Trump agenda as House GOP splinters over spending cuts
Senate and House Republicans, after weeks of sparring over which chamber holds the key to enacting President Trump's legislative agenda,…
Business
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice.…
Business
German workers at carmaker VW meet for first time since deal on cuts
The Volkswagen logo is seen on the roof of the VW brand tower. Volkswagen workers gathered at the company's headquarters in Wolfsburg on…
Business
Nintendo cuts outlook for final months before Switch 2 debut
Nintendo revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking…
Business
Julius Baer announces 400 job cuts, executive board revamp
JULIUS Baer Group’s new chief executive officer Stefan Bollinger announced a radical revamp of the bank’s leadership and a cost-cutting…
Politics
Trump cuts chaotic path in first weeks, bucking laws and norms in pursuit of promised agenda
Standing before a mourning nation following a tragic commercial airline crash that killed nearly 70 people in Washington, D.C., President…
Business
Euro set for deeper decline as market sees more ECB cuts
Traders are ramping up bets for a deeper divergence between European and US interest rates, setting the euro on a clear path for further…
Business
Markets price in fewer rate cuts as Fed holds on tariff uncertainty, persistent inflation
Industry watchers expect that doubts over Trump’s policies will continue to weigh on US central bank’s movements GLOBAL markets are…
Business
European Central Bank Cuts Interest Rates as Economic Growth Stagnates
The European Central Bank cut interest rates on Thursday, for the fifth consecutive time, amid slowing growth in the region’s economy.…
Politics
As Trump cuts federal jobs, even national parks are on the chopping block
As the Trump administration rushes to cut spending and eliminate federal jobs, even the people who work at the national parks — among the…
Business
Nissan plans job, output cuts at Mississippi, Tennessee plants
NISSAN Motor is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to…
Politics
US Federal Reserve pauses rate cuts, will ‘wait and see’ on Trump policies
THE US Federal Reserve left its key lending rate unchanged on Wednesday (Jan 29) and adopted a patient “wait and see” approach to Donald…
Business
The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
At the Federal Reserve’s final gathering of 2024, Chair Jerome H. Powell announced that the U.S. central bank was embarking on a “new…
News
Justice Dept. halts legal programs for detained immigrants, cuts off advocates' access to facilities
Lawyers providing detainees with basic legal information in federal immigration detention centers were shut out of facilities last week…
Business
Philippine peso may test record low as central bank cuts rates
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of…
News
President cuts short Davos trip as DR Congo fighting rages
The Democratic Republic of Congo's president has cut short his trip to the World Economic Forum in Davos as a deadly conflict escalates…
Politics
CNN eyes 200 job cuts, streaming overhaul
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of…
Politics
CNN Cuts Jobs and Shuffles TV Lineup as It Enters New Trump Era
Mark Thompson has promised to reinvent CNN since he arrived in 2023. Now, he is remaking the network’s TV lineup and its work force.…
Business
Sportswear giants Adidas and Puma weighing job cuts
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim…
News
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…