Latest in FuelCell Energy to cut 17% of its staff as part of a global restructuring plan
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Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - November 5 -
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 -
Elon Musk handpicked by Trump to carry out slash-and-burn cuts plan
World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast. Donald Trump, president-elect of the US, announced on Tuesday that he has ...World - The Guardian - 2 days ago -
TikTok let through disinformation in political ads despite its own ban, Global Witness finds
Just weeks before the U.S. presidential election, TikTok still approved advertisements that contained election disinformation even though it has a ban on political adsTech - ABC News - October 17 -
Global calls for reparations are only growing louder. Why is Britain still digging in its heels? | Hilary Beckles
The issue is on all our minds at this week’s Commonwealth summit in Samoa. Now is Keir Starmer’s chance to address it. Hilary Beckles is chair of the Caricom Reparations Commission Downing ...World - The Guardian - October 24 -
UK must raise its climate ambition to restore global reputation, says adviser
Businesses urge Labour to adopt CCC recommendations and set out ‘ambitious and investable’ goalsBusiness - Financial Times - October 25 -
California scientists unveil policy blueprint for stopping global plastic pileup in its tracks
The uniform adoption of just four waste management policies around the world could eliminate more than 90 percent of the planet’s plastic waste and nearly a third of associated carbon emissions by ...Politics - The Hill - Yesterday -
Embiid drawing criticism for sitting out 76ers' opener as part of health plan to reach the playoffs
Joel Embiid’s absence from the Philadelphia 76ers’ season opener against Milwaukee is simply part of the team’s plan to keep the two-time NBA scoring champion on track for a healthy seasonSports - ABC News - October 23 -
‘One-man anti-abortion army’: shadow of US global gag rule looms over Nepal’s family planning services
Since the country legalised abortion, maternal mortality rates have plummeted. But US-funded programmes and a Trump victory could reverse that progress, warn experts. “One, two, three,” says Soman ...World - The Guardian - October 21 -
NYSE plans to extend daily trading to 22 hours on its Arca exchange
Prospect of longer session comes in response to increased interest in buying and selling US stocks around the clockBusiness - Financial Times - October 25 -
Starbucks' plan to return to its roots involves 200,000 Sharpies
Starbucks CEO Brian Niccol is betting that more personal touches in its cafes will win back customers.Business - CNBC - October 31 -
Here's how Starbucks' new CEO plans to overhaul its struggling cafes
Starbucks to bring back ceramic mugs and messages written in Sharpie pens to revive a coffeehouse vibe at its nearly 40,000 stores.Top stories - CBS News - October 31 -
Amazon plans to shut down Freevee, its no-cost streaming service
Amazon will phase out its streaming service Freevee, the company confirmed. The free, ad-supported service was the original home for the series 'Jury Duty.'Entertainment - Los Angeles Times - 2 days ago -
Disney doesn't plan to change its TV networks portfolio anytime soon
Disney doesn't foresee parting with its TV networks, more than a year after CEO Bob Iger went public with the consideration.Business - CNBC - Yesterday -
Fed goes quiet ahead of its Nov. 7 meeting, with quarter-point cut seen as likely
The central bank isn’t likely to change its mind, even with two key data points and presidential election coming before their meeting, economists saidBusiness - MarketWatch - October 28 -
Ryanair warns air travel tax rises mean 10% of its UK flights could be cut
CEO Michael O’Leary says decision to raise passenger duty ‘will deliver cuts, not growth’Business - Financial Times - November 1 -
Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decadeWorld - ABC News - November 7 -
Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles
Company says it will cut about 200 employees as value plummets in aftermath of huge data breach. The genetic testing firm 23andMe said on Monday it would cut about 40%, or 200 employees, from its ...World - The Guardian - 3 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 - Yesterday -
What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
HSBC Announces Restructuring and Names First Female C.F.O.
The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.Business - The New York Times - October 22 -
Pressure mounts on VW to finally confront the reality of restructuring
The carmaker must overcome internal resistance to changes necessary to boost competitivenessBusiness - Financial Times - October 23 -
Atos Debt Grows as Restructuring Effort Continues
Atos said its debt pile grew in the third quarter as the beleaguered French IT firm seeks to implement a financial restructuring aimed at restoring profitability.Business - The Wall Street Journal - October 24 -
Intel takes $18.7bn in restructuring and impairment charges
Smaller than expected sales decline boosts shares as chipmaker tries to recover from misjudging demandBusiness - Financial Times - October 31 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
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Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...Top stories - NBC News - October 30 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions
Japan is planning an automated cargo transport corridor between Tokyo and Osaka to make up for a shortage of truck driversTech - ABC News - November 2 -
Here’s what can stall Trump’s tax and tariff plans
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.Business - MarketWatch - November 6 -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - November 8 -
Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
The automaker posted disappointing second-quarter results and announced reductions in production and staff.Business - CNBC - November 8 -
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 - 3 days ago
