Buffett cuts Amazon stake, makes bet on New York Times
Warren Buffett’s Berkshire Hathaway slashed its stake in Amazon.com by more than 75 per cent in the fourth quarter, while also building a stake in the New York Times, his last new…
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Cuts
Maersk’s 2026 earnings drop with gradual opening of Red Sea, cuts jobs
It expects its underlying Ebitda to be between US$4.5 billion and US$7 billion this year, down from US$9.6 billion in 2025 Danish shipping company Maersk plans to cut jobs and…
BNP Paribas vows more cost cuts after profit tops forecast
BNP reported net income of 2.97 billion euros (S$4.46 billion) for the three months ending in December Paribas nudged up its 2028 profitability target on Thursday (Feb 5) and…
Washington Post Cuts Amazon Reporter Amid Mass Layoffs
Among the many layoffs The Washington Postannounced Wednesday was reporter Caroline O’Donovan, who covers tech companies and corporate accountability with a focus on Amazon, the company…
Trump cuts tariffs on India to 18% after Modi agrees to stop buying Russian oil
President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. The…
Indonesia coal miners warn of layoffs, economic risks over proposed output cuts
The trims aim to push up the plunging thermal coal prices amid fears of oversupply by the country Indonesia’s Coal Mining Association (ICMA) has objected to steep production cuts…
Peloton cuts 11% of jobs, with engineering teams getting hit
The fitness technology company joins a slew of other tech companies that have recently slashed their workforces Peloton Interactive, the long-struggling fitness technology…
Odessa A’zion Says She’s Exiting A24 ‘Deep Cuts’ Adaptation After Controversy: ‘I Hadn’t Read the Book’
“Marty Supreme” breakout Odessa A’zion took to her Instagram Stories on Wednesday night to announce she is dropping out of Sean Durkin’s A24 adaptation of “Deep Cuts” after the online…
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
Goldman Sachs lowered its rating on Indonesian equities on Thursday, a day after index provider MSCI flagged investability risks, predicting passive selling to continue, and the…
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 cutting 16,000 jobs worldwide in the…
BlackRock cuts private credit executives hired pre-HPS deal
BlackRock is cutting about 10 people from its private financing solutions group as it continues to integrate its US$12 billion acquisition of HPS Investment Partners. At least…
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 results, marking the latest sign of pressure…
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 to two people familiar with the matter.…
Autodesk layoffs today: Software company cuts 7% of jobs in latest tech downsizing
Autodesk, Inc. announced Thursday it plans to lay off about 1,000 employees, largely in sales roles. The announcement comes just a week after another tech company, Meta, announced it would…
Canada cuts tariff on Chinese EVs in exchange for lower tariffs on Canadian farm products
Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said…
China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances China’s central bank will lower interest rates on its structural monetary policy tools by 0.25…
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 concessions intended to limit the shock of US President…
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 cuts total about 1 per cent of BlackRock’s global…
Cathay Pacific seeks savings, cuts some jobs in efficiency push
Cathay Pacific Airways has asked all departments to identify savings and efficiencies in an attempt to rein in expenses, as Hong Kong’s flagship carrier prepares for a slower rate of…
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 Somali population. But they haven’t gone…
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 resisting, who then violently, willfully, and viciously ran…
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 resisting, who then violently, willfully, and viciously ran…
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
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 gradual retreat from the market it came to…