Culture
Nextdoor cuts 12% of workforce in quest for profitability
Nextdoor Holdings, the neighbourhood social networking company, is eliminating 12 per cent of its workforce, part of a broader effort by…
Tag
Cuts
News
RFK Jr.’s New Vaccine Cuts Are His Deadliest Yet, Experts Warn
Health Secretary Robert F. Kennedy Jr. has decided on a “who cares” approach to America’s public health policy. The vaccine conspiracist…
Culture
US dollar tumbles;traders bet on more US rate cuts after weak jobs report
THE greenback dropped on Friday (Aug 1) and was on track for its biggest daily loss against the yen since January 2023 after data showed…
Culture
Bank of England rate cuts deliver £11 billion hit to households
Exactly one year since the Bank of England (BOE) started to cut interest rates, the pressure on households from the highest borrowing…
News
Corporation for Public Broadcasting Shuts Down Thanks to Trump’s Cuts
“This case’s underlying question, then, asks whether parolees who escaped oppression will have the chance to plead their case within a…
Culture
South-east Asia’s key currencies set to strengthen in H2 2025 despite rate cuts
Investors are expected to favour major South-east Asian currencies, with economists projecting continued gains against the US dollar…
Culture
HSBC cuts equities team in Germany as CEO Georges Elhedery continues revamp
Europe’s largest financial institution has already culled dozens of analysts in its investment bank in the last couple of months Holdings…
Culture
Euro zone economy holds up even as ECB speakers look to temper market view of no more cuts
The euro zone economy has remained resilient to the pervasive uncertainty caused by a global trade war, a slew of data showed on Friday…
Culture
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
Culture
Rising affluence, rate cuts fuelling housing market, but economic uncertainty is a wild card: Knight Frank
Interest rate cuts, growing affluence and low unemployment rates spell good news for Singapore’s private residential market, but a…
Culture
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
News
State Department Cuts Key Office Amidst Raging Epstein Files Outcry
One of Donald Trump’s former employees is drawing a line connecting Jeffrey Epstein and the real estate mogul. The former president and…
Culture
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
News
New York City Subways Flooded (Again). Blame Trump’s Funding Cuts.
Summers in New York bring the smell of barbecue, speakers blaring at block parties, and sweaty treks to cool off at a pool or the beach.…
News
Medicaid Cuts? Yes. But the GOP Is Quietly Cutting Medicare, Too.
PAYGO is not a term that crosses many lips in daily discourse. But it may soon be used more widely, as its impact resonates in the…
News
Trump’s Commerce Secretary Will Get Rich Off These Budget Cuts
In an appearance on Fox Business on Wednesday, Trump’s agriculture chief, Brooke Rollins, revealed that the administration has no plan to…
Culture
Intel cuts over 500 jobs in Oregon as part of layoff plan
Hillsboro, a suburb of Portland, is home to some of Intel’s biggest factories and research centres Intel is cutting more than 500…
Culture
Top S-Reits with lowest gearing ratios average 33.5% as investors await rate cuts
[singapore] Last month, the US Federal Reserve opted to maintain its benchmark interest rate, adopting a cautious stance despite…
Culture
TikTok cuts more workers from US e-commerce division
US President Donald Trump has said he has a buyer lined up for the app, and just needs approval from the Chinese government for the sale…
Culture
Microsoft begins deep job cuts across Xbox division
Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software…
Culture
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Culture
Australia cuts commodity export outlook despite gold price gain
Earnings from thermal coal will also decline, while its steelmaking counterpart will hold steady Australia cut its forecast earnings from…
Culture
Nissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs,…
Culture
US Federal Reserve split on whether to hedge on inflation, or proceed with cuts
The close split at the US Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came…