GoTo posts fourth straight adjusted profit, helped by cost cuts
Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting revenue amid stiff competition in ride-hailing and…
Tag
Cuts
Sustainable aviation fuels were making progress before federal budget cuts
The federal spending law passed in early July 2025, often called the One Big Beautiful Bill Act, significantly reduces federal funding for efforts to create renewable or sustainable types…
Thailand’s central bank cuts rates to lowest in two years to support growth
Thailand’s central bank lowered its policy rate by a quarter point on Wednesday (Aug 13), its fourth cut in 10 months, to support a sluggish economy grappling with falling prices, the…
Australia’s central bank cuts rates to two-year low of 3.6%
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be needed to meet its inflation and employment goals as…
RBA cuts interest rates, signals more to come as inflation slows
Australia’s central bank cut interest rates on Tuesday (Aug 12) for a third time this year and signalled further policy easing might be needed to meet its inflation and employment goals as…
China cuts coal imports, buys more oil and gas in July
China’s coal imports fell for the fifth time in six months in July as Beijing leaned more on domestic mining and boosted oil and gas imports to meet the country’s energy needs. At the same…
China cuts coal imports, deepens Asean ties amid trade shifts
China’s coal imports fell for the fifth time in six months in July as Beijing leaned more on domestic mining and boosted oil and gas imports to meet the country’s energy needs. At the same…
China’s tech giants Alibaba, Baidu, Tencent spook a generation of workers with job cuts
FOR years, a job at one of China’s technology behemoths was a golden ticket for the country’s ambitious youth. Now, a wave of downsizing is tarnishing that dream, pushing out seasoned…
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 chief executive officer Nirav Tolia to achieve…
Bank of England cuts rates to 4% after narrow 5-4 vote
The Bank of England (BOE) cut interest rates on Thursday (Aug 7) but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold. Difficulty…
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 announced Tuesday that the Department of Health and…
Palantir hits $1 billion in quarterly sales for the first time, avoids DOGE cuts
Shares of Palantir Technologies sailed past previous record highs Tuesday after booking its first $1 billion sales quarter and raising its performance expectations for the year. The stock…
Nebraska Republican is shouted down by hostile crowd at a town hall on Trump's tax cuts
Rep. Mike Flood has gotten an earful during a public meeting in Lincoln aimed at discussing his support for the massive tax breaks and spending cuts bill that passed Congress and was…
Nebraska Republican is shouted down by hostile crowd at a town hall on Donald Trump's tax cuts
Rep. Mike Flood has gotten an earful during a public meeting in Lincoln aimed at discussing his support for the massive tax breaks and spending cuts bill that passed Congress and was…
Amazon cuts 110 jobs in reorganization of Wondery audio division
Amazon on Monday said it is cutting 110 roles from its audio division Wondery as part of a restructuring effort. The cuts reflect an industry shift toward producing more podcasts with…
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 that US employers added fewer jobs in July than…
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 costs in a generation is still building. Bloomberg…
From Figma’s IPO surge to SNAP cuts: 10 business stories that defined the week
From Wall Street to Main Street, this week was packed with major business moves. There were big market debuts, tough earnings reports, and updates that show how quickly some industries are…
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 system of rules. Or, alternatively, will they be…
Trump Demands Drug Price Cuts in Letters to 17 Pharma Giants Summary
US President Donald Trump has sent letters to 17 major pharmaceutical companies demanding they cut prescription drug prices in the United States. The letters, released Thursday by the…
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 through the year – even as regional central banks…
Porsche cuts outlook as US tariffs, model revamp eat into profit
Porsche cut its outlook for the third time this year, with US President Donald Trump’s 15 per cent tariffs on European autos piling further pressure on the maker of 911 sports…
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 is planning to let go of several…
Trump’s budget cuts may hand Spain a scientific prize worth billions
As the U.S. backs away from key climate, aid, and scientific investments, Europe is stepping in to pick up the slack. Europe’s latest intervention? Saving a plan to build one of the…