News
Trump’s Defense Secretary Gives Pentagon Days to Plan for Massive Cuts
Unsurprisingly, several of Trump’s claims aren’t true. The U.S. has actually allocated a total of $183 billion to Ukraine since Russia’s…
Tag
Cuts
News
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
Culture
Australian central bank cuts rates for first time since November 2020
Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBA AUSTRALIA’S central…
Business
France cuts prison activities to smooth facial massage outcry
France's powerful justice minister on Monday announced the government was restricting nearly all recreational activities for prisoners…
Culture
Meta layoffs hit Singapore as tech giant cuts global workforce
JOB cuts by social media giant Meta have hit Singapore, according to public posts on professional networking platform LinkedIn and sources…
Culture
Lower inflation wouldn’t assure rate cuts, Fed’s Lorie Logan says
US FEDERAL Reserve Bank of Dallas president Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower…
News
DOGE Chaotic Cuts Have Locked Federal Workers Out of News Outlets
The employee said they could not access Politico, The New York Times, or Bloomberg, despite having paid subscriptions to all of them, and…
Culture
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound…
Culture
Bezos’ rocket firm bracing for job cuts after years of expansion
Blue Origin is bracing for a large reduction in its workforce, sources familiar with the matter said, in a sign the Jeff Bezos-backed…
News
Top N.I.H. Official Abruptly Resigns as Trump Orders Deep Cuts
The No. 2 official at the National Institutes of Health abruptly resigned and retired from government service on Tuesday, in another sign…
News
Republicans Love Trump’s Spending Cuts. Just Not in Their States.
Republicans in Congress have responded to President Trump’s unilateral moves to freeze federal spending, dismantle programs and fire civil…
News
Inflation Rises Unexpectedly, Keeping Fed Rate Cuts at Bay
U.S. inflation rose to 3 percent in January, strengthening the case for the Federal Reserve to extend a pause on interest rate cuts. The…
Culture
Commerzbank plans job cuts, new targets to keep UniCredit away: sources
GERMANY’S Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s…
Culture
Amazon cuts reference to diversity from annual report; Accenture scraps DEI goals
AMAZON.COM removed a reference to “inclusion and diversity” in its annual report filed on Thursday (Feb 6), after it told employees in a…
Fashion
Federal Worker Drops Bombshell: Elon Musk's Visit Led to 50% Job Cuts and Secret Takeover!
A video of a federal worker sharing his experience after Elon Musk's visit to his agency has gone viral, sparking a heated debate about…
News
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…
Lifestyle
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…
Culture
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…
Fashion
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.…
Culture
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…
Culture
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…
Lifestyle
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…
Fashion
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…
Culture
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…