Volkswagen aims to cut worker anniversary bonuses amid pay dispute
Anniversary bonus payments to long-time Volkswagen employees are among the many pay perks company bosses want to slash as part of deep cuts at the German automaker, a VW spokeswoman…
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Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs
Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday.…
South Korea says it may consider additional oil tax cut
SOUTH Korea is experiencing minimal economic impact following Israel’s retaliatory strike on Iran, but may consider a further reduction in fuel oil tax if global market volatility…
Canadian dollar falls for third week on jumbo rate cut bets
THE Canadian dollar steadied against its US counterpart on Friday (Oct 18)but was on track for its third straight weekly decline, as oil prices fell and investors bet on an unusually large…
Yahya Sinwar: Chilling Autopsy Confirms Hamas Leader Suffered Bullet Wound in Head, Fingers Were Cut Off for DNA Analysis
The autopsy of Hamas leader Yahya Sinwar revealed that he was killed by a gunshot wound to the head during an Israeli military raid in southern Gaza. The Israel Defense Forces (IDF)…
Bandai Namco begins to cut headcount after culling game titles
VIDEO game publisher Bandai Namco Holdings is cutting its workforce after cancelling several titles due to lacklustre demand, according to people familiar with the matter. The Tokyo-based…
Dutch to cut ABN Amro stake further as exits gather pace
THE Dutch government plans to sell more shares in ABN Amro Bank, joining states across Europe in speeding up the exit from banks that were bailed out after the financial crisis. The…
HK Leader May Focus on Economy, Liquor Tax Cut in Speech
(Bloomberg) -- Hong Kong’s leader is expected to make bolstering the economy a priority in an annual speech this week, using it to lay out an agenda that includes a potential cut to a…
Netanyahu mulls plan to empty northern Gaza of civilians, cut off aid
Israeli Prime Minister Benjamin Netanyahu is examining a plan to seal off humanitarian aid to northern Gaza in an attempt to starve out Hamas militants, a plan that, if implemented, could…
Boeing to cut workforce by 10% as strike eats into reserves
BOEING said it plans to cut its workforce by about 10 per cent, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. The…
Gold extends gains over 1% as US PPI data solidifies rate cut hopes
GOLD rose over 1 per cent on Friday (Oct 11) after a US inflation data cemented prospects of a rate cut next month, restraining the dollar below recent highs, while safe-haven demand…
Kiwi falls after hefty rate cut, US dollar edges up
THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US dollar nudged up against most currencies and hit a…
OCBC to stop Russia-linked transactions to cut risk
OVERSea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions. Singapore’s second-largest…
ECB will ‘quite probably’ cut rates this month, Villeroy says
THE European Central Bank (ECB) will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau. Inflation…
ECB momentum for an October rate cut is looking unstoppable
AN INTEREST rate cut that European Central Bank (ECB) officials deemed unlikely just three weeks ago now seems a near certainty when they next set borrowing costs on Oct 17. Markedly…
Samsung to cut thousands of jobs as part of worldwide layoffs
SAMSUNG Electronics is laying off workers in South-east Asia, Australia and New Zealand as part of a plan to reduce global headcount by thousands of jobs, according to people familiar with…
Goyal urges to use made in India goods to cut imports, boost manufacturing
Piyush Goyal, Union Minister of Commerce and Industry | 2 min read Last Updated : Sep 28 2024 | 11:39 PM IST Commerce and Industry Piyush Goyal on Saturday called for increased usage of…
SK On to cut workforce as battery demand slumps
South Korean battery manufacturer SK On Company plans to cut its domestic workforce as it looks to ride out the current downturn in global demand for battery electric vehicles (BEVs),…
Federal Reserve’s Cook says she ‘wholeheartedly’ supported half-point rate cut
FEDERAL Reserve Governor Lisa Cook on Thursday endorsed the US central bank’s 50-basis-point interest-rate cut last week as a way to address increased “downside risks” to employment. “I…
India's manufacturing incentives progress amid efforts to cut China imports
3 min read Last Updated : Sep 25 2024 | 7:55 PM IST India's cash incentives to boost domestic manufacturing have attracted over $17 billion of investment since the 2020 launch of the…
Gold prices hit record high over West Asia tensions, US Fed rate cut
2 min read Last Updated : Sep 24 2024 | 11:27 PM IST By Anjana Anil Gold rose 1% and hit a record high on Tuesday, building on its recent rally as West Asia tensions fed its safe-haven…
Argentina analysts cut 2024 inflation forecast to nearly 123%
BUENOS AIRES (Reuters) - Argentina's monthly inflation rate stood at 3.9% in August and is expected to close the year at an annualized rate of nearly 123%, according to analysts surveyed…