Business
Oxfam slams G7 over biggest aid cuts in history
Aid organization Oxfam has criticized the Group of Seven (G7) leading industrialized nations for slashing their development aid budgets,…
Tag
Cuts
Business
Tropical storm Jangmi batters Japan, cuts power to 60,000 homes
(Corrects location of Shizuoka Prefecture to west of Tokyo, not east, in final paragraph) TOKYO, June 3 (Reuters) - Severe tropical storm…
Culture
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics Amazon said on Wednesday (Jan 28) it was…
Culture
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…
Culture
Amazon plans thousands more corporate job cuts next week, sources say
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according…
Business
Société Générale shares rise after announcement of 1,800 job cuts
French banking group Société Générale is planning to cut 1,800 jobs in France by the end of 2027 as part of a wide-ranging reorganisation,…
Culture
Amazon pushes suppliers for cuts ahead of Supreme Court tariff ruling: FT
AMAZON is seeking to cut what it pays suppliers for goods it sells on its e-commerce platform, as the tech giant moves to reverse…
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…
Culture
BlackRock cuts hundreds of jobs, trimming about 1% of staff
BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The…
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…
News
Airline Cuts Ties With ICE Over Deportation Flights
“The woman screaming was, obviously, a professional agitator, and the woman driving the car was very disorderly, obstructing and…
News
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…
Blog
U.S. to commit $2 billion to U.N. humanitarian efforts, as foreign aid cuts continue
The U.S. will contribute $2 billion to U.N. humanitarian aid in 2026, the State Department said Monday. Source link
Culture
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…
Culture
From Amazon to Microsoft, AI is driving thousands of job cuts worldwide
Global banks alone will let go of as many as 200,000 employees in the next three to five years The global march of artificial intelligence…
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.…
Blog
Trump: Rise in jobless rate OK since it's fueled by federal job cuts
President Trump, hoping to boost his ratings on the economy, says a recent increase in the unemployment rate is OK because the change is…
Culture
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it…
Culture
UBS plans January job cuts to kick off final year of integration
UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be…
Culture
Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75% The Bank of England (BOE) cut interest rates on…
Blog
Energy Department watchdog will audit Trump's cuts of nearly $8B in clean energy grants
An internal watchdog in the U.S. Department of Energy will investigate the Trump administration's termination of $7.6 billion in grants…
Culture
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering Volkswagen’s battery business is being forced to…
Blog
Former NIH scientist sues Trump administration, claims illegal firing over research cuts
A former leading scientist at the National Institutes of Health sued the Trump administration Tuesday, saying she was illegally fired for…
Culture
Amazon European hub in Luxembourg braces for record job cuts
Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters…