News
The Republicans’ Medicaid Cuts Could Cause a Rural Unemployment Crisis
Those problems led 136 rural hospitals, or about 3 percent, to close between 2010 and 2021. Almost three-fourths of those were in states…
Tag
Cuts
News
Cognitive Decline or Fascism? Trump Rants About Cuts to Food Benefits
Donald Trump seems to think that cuts to food assistance means cheaper and more abundant food for everyone. “You campaigned on lowering…
Culture
Guinness-owner Diageo plans cost cuts, asset sales to reduce debt
Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of…
Culture
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
News
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
Culture
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…
Culture
US Fed expected to pause cuts again and wait for clarity on tariffs
The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how US President Donald…
News
Trump Proposes $163 Billion in Cuts Across Government in New Budget
President Trump on Friday proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and…
News
Republicans Wrestle With Trump’s Demands for Tax Cuts
It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and…
News
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration’s tariffs would…
Business
‘No one knew what to do’: power cuts bring chaos, connection and revaluation of digital dependency
“It felt like chaos,” said Iñigo, a doctor at a hospital in northern Spain. With no electricity from noon on Monday, the building’s…
News
As Trump Cuts Foreign Aid, What Does It Mean for the Gates Foundation?
On Dec. 27, Bill Gates, the billionaire philanthropist, made a trip to Mar-a-Lago for dinner with Donald J. Trump. Some people around him…
News
Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Cutting federal funding for scientific research could cause long-run economic damage equivalent to a major recession, according to a new…
Business
Cash, tinned food and radio news: Making it through one of Europe's biggest ever power cuts
The power is out and nothing is working. How am I supposed to get through the day? That was the question faced by millions of people on…
Culture
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the…
Culture
DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Culture
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Culture
From tech to financial services: Layoffs and job cuts in 2025
RETRENCHMENTS and unemployment have been widespread in the first two months of 2025, with job cuts announced across various industries.…
Culture
PBOC’s policy flip-flop sows confusion over timing of rate cuts
AT A rare press briefing back in September, China’s central bank chief Pan Gongsheng unveiled a stimulus blitz that spurred optimism for…
News
Even Republicans Are Worried About Trump’s Next Cuts
“Congress has to decide whether or not the Department of Education goes away,” said Balderson at the Westerville Area Chamber’s business…
News
DOGE’s Chaotic Nuclear Staff Cuts Included This Key Person
“Congress has to decide whether or not the Department of Education goes away,” said Balderson at the Westerville Area Chamber’s business…
News
You Won’t Believe How Much DOGE’s Latest Cuts Have Actually Saved
“Congress has to decide whether or not the Department of Education goes away,” said Balderson at the Westerville Area Chamber’s business…
News
Trump’s Next Planned Cuts Guarantee Disaster—Literally
When Trump was sworn in as president last month, the office had 936 employees. The administration plans to reduce that number to 150,…
Culture
TikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to…