Latest in Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
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Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.Business - The New York Times - November 7 -
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory balloonedWorld - ABC News - November 7 -
Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant
Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.Business - The Wall Street Journal - November 7 -
Restaurant workers' jobs threatened by Budget, bosses warn
Hospitality bosses are calling for changes to what they describe as "unsustainable" tax rises.Top stories - BBC News - November 10 -
Boeing to Repay Furloughed Staff and Cut 10 Percent of Jobs
Boeing furloughed thousands employees in the wake of the strike by 33,000 union machinists.Business - Inc. - November 10 -
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UK ministers resist car industry pressure to ease fines on EV sales targets
Amid pressure on manufacturers, electric vehicle sector holds two-hour meeting with cabinet ministers on mandateWorld - Financial Times - 4 days ago -
Temu Faces EU Probe Over Failure to Stop Illegal Sales
The European Commission, the EU’s executive arm, said it had opened formal proceedings against the Chinese e-commerce platform to assess whether it may have breached Europe’s digital services ...Business - The Wall Street Journal - October 31 -
Nissan to warn jobs at risk as UK EV targets push car industry to ‘crisis point’
Carmakers fear goals unreachable as consumer demand softensBusiness - Financial Times - November 16 -
Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom's Future Investment Initiative.Business - CNBC - October 28 -
Gaetz meeting with senators about attorney general job in face of misconduct allegations
Matt Gaetz is on Capitol Hill Wednesday meeting with senators as he tries to shore up support for his bid to be attorney general. President-elect Donald Trump says he's not reconsidering his choice ...Top stories - CBS News - 4 days ago -
Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
Tech giants are investing in the development of "sovereign" AI models in Europe to reduce the region's dependence on largely U.S.-controlled infrastructure.Business - CNBC - November 14 -
Facing Post-Election Concerns, Federal Reserve Cuts Rate by Quarter-Point
After Donald Trump’s election win, the Federal Reserve cut its benchmark interest rate to about 4.6 percent.Business - Inc. - November 7 -
Met faces service cuts without more cash, says chief
Sir Mark Rowley says he is "deeply troubled" by negotiations so far on the force's funding next year.Top stories - BBC News - November 14 -
Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.Business - CNBC - November 7 -
Apple's four-phone strategy is lagging. One idea to reviving sales: Cut the cameras
Every year since 2020, when Apple moved to a four-model lineup, one of them has lagged in terms of sales.Business - CNBC - November 12 -
23andMe reports sales decline a day after announcing plans to cut 40% of workforce
Embattled genetic testing provider 23andMe said Tuesday that revenue declined from a year earlier, a day after the company announced a cost-cutting plan.Business - CNBC - November 12 -
Canada's Trudeau to cut sales tax and send checks to millions of Canadians as election looms
Canadian Prime Minister Justin Trudeau plans to temporarily lift the federal sales tax off a slew of items and send checks to millions of Canadians who are dealing with rising costs as a federal ...World - ABC News - 3 days ago -
'Scammers sent courier to steal £4,000'
A fraud victim tells the BBC how she used a helpline to stop scammers stealing more of her money.Top stories - BBC News - 2 days ago -
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Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts
More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closuresBusiness - Financial Times - November 10 -
Khanna: Musk may get 'frustrated fairly quickly' with process to cut government jobs, spending
California Rep. Ro Khanna (D) said Elon Musk may get “frustrated” while working through the ranks to cut unnecessary government spending. “I think Elon may get frustrated fairly quickly,” Khanna ...Politics - The Hill - 3 days ago
