Walmart to cut jobs amid a changing retail landscape
Major changes are afoot behind-the-scenes at Walmart. The retailer is cutting hundreds of jobs and shuttering its North Carolina office. Employees from certain locations are also being…
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GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of a previously…
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs
ESTEE Lauder on Tuesday (Feb 4) forecast third-quarter profit well below estimates, citing persistent weak demand at airports and travel destinations such as Korea and China, while also…
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million) vaccine plant, a major blow to the Labour…
ECB to cut interest rates, keep door open to further easing
THE European Central Bank (ECB) is all but certain to cut interest rates on Thursday (Jan 30) and is likely to keep open the door to further policy easing as concerns over lacklustre…
Cathay Pacific to cut profit payout to staff by around 50%
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only planning to distribute at least four weeks of…
Opinion: Why Israel can't just 'cut the head off' of Hamas or Hezbollah
Since the horrific Hamas terrorist attacks of Oct. 7, 2023, Israel has been at war in the Middle East. The conflict has stretched across borders, spanning Gaza to Lebanon to Iran. Over the…
Karen Bass: LA Mayor Drastically Cut Fire Department Funding and Handed Out Rich Contracts to City Workers Months before Catastrophic Wildfires
Los Angeles was forced to slash funding at a major scale for its fire department after Mayor Karen Bass approved a number of lucrative contracts for city workers, as revealed on Saturday…
US: Wall St opens lower after hot payrolls data stokes rate cut worries
WALL Street’s main indexes opened lower on Friday (Jan 10) after a better-than-expected jobs report fanned expectations that the Federal Reserve will take a measured approach to monetary…
Europe rethinks Russia strategy over fears Trump will cut sanctions: report
The European Union is reviewing U.S. sanctions placed on Russia by President Biden, prompted by fears that these could be repealed by Donald Trump upon his return to the White House.…
Karen Bass: LA Mayor Cut Fire Department Funding by Nearly $18M and Diverted It to Homeless Spending Months Before Wildfires Wiped Out Cities
Los Angeles Mayor Karen Bass came under intense criticism on Wednesday after it was revealed that she cut the city's Fire Department budget by $17.6 million just ahead of this week's…
China’s richest regions cut electricity prices to protect industries
MORE Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers. The richest coastal…
Slovakia threatens to cut aid to Ukrainian refugees after Kyiv shuts off Russian gas pipeline
Slovakian Prime Minister Robert Fico said his country could cut support for Ukrainian refugees. It comes after Kyiv shut off a Russian natural gas pipeline supplying central Europe. Fico…
Slovakia threatens to cut benefit for Ukrainians
Slovakia's Prime Minister Robert Fico has threatened to cut financial support for more than 130,000 Ukrainian refugees as a dispute with Ukraine over Russian gas supplies escalates. On 1…
China to cut import tariffs on some recycled copper and aluminium raw materials
CHINA will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday (Dec 28). The Ministry of Finance…
Astros Predicted To Cut Ties With $119M Star After Christian Walker Deal
✓ Link copied to clipboard! On Friday afternoon, the Houston Astros shocked the baseball world when it was announced they had agreed to terms on a deal with Arizona Diamondbacks free agent…
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices were little changed at their settle on Friday (Dec 20) as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling US inflation. Brent crude…
Philippines may open 2025 with rate cut, central banker says
THE Philippine central bank is open to delivering another rate cut in its first monetary policy meeting next year, governor Eli Remolona said on Friday (Dec 20). While the Federal Reserve…
Mets To Sign Right-Hander Cut By NL East Rival: Report
The New York Mets, who last week made the biggest free agent splash in baseball history, are on the verge of making a small but important addition to their roster. Right-hander Griffin…
Gold at one-month low after Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its monetary policy easing cycle next year, lifting the US…
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to investors as the spectre of stagflation – anaemic growth…
Volkswagen braces for fresh strikes as salary cut talks resume
Workers at Europe's largest carmaker, Volkswagen, are set to launch rolling strikes at nine plants in Germany for the second time in a week on Monday. The strikes ratchet up the pressure…
Why the Forest Service is encouraging people to cut Christmas trees on public lands (with permits)
When it comes to finding the perfect Christmas tree, William Lyon has it down to a science. Every year, Lyon downloads official maps of U.S. Forest Service roads — Apple and Google maps…
St James's Place to cut around 500 jobs, source says
The cuts represent nearly a sixth of the company’s workforce of around 3,200 people British wealth manager St James’s Place is planning to make around 500 layoffs in the coming months, a…