Northvolt to cut jobs and sell off unit to survive EV chill

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 ballooned

World - ABC News - Yesterday

Airbus to cut up to 2,500 jobs at defence and space unit

Planned reductions are a response to cost increases and stiffening competition

Business - Financial Times - October 16

Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs

Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.

Business - CNBC - October 25

Used EVs Sell for Bargain Prices Now, Putting Owners and Dealers in a Bind

The sharp drop in the value of preowned electric vehicles stands in contrast to the broader used-car market.

Business - The Wall Street Journal - October 14

Source: Amorim leading contender for Man Utd job

Ruben Amorim has emerged as the leading contender to take over from Erik ten Hag at Manchester United, a source has told ESPN.

Sports - ESPN - October 29

Treasuries sell-off reverberates through global markets

Volatility returns ahead of US election as government debt is hit by stronger economic data

Business - Financial Times - October 25

Intesa Sanpaolo unveils plans to cut 9,000 jobs

Italy’s largest bank wants to reduce costs by accelerating its digital transformation

Business - Financial Times - October 23

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

Brazil Ministers Renew Push to Sell Lula on Spending Cuts

World - Yahoo News - October 15

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Sources: Amorim set for United job; mid-Nov. start

Rúben Amorim is set to take charge of Manchester United during the November international break, sources confirmed to ESPN.

Sports - ESPN - November 1

Tech stock sell-off wipes out Wall Street’s October gains

Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early September

World - Financial Times - October 31

FirstFT: Trump’s first appointment

Also in today’s newsletter, Fed cuts rates and Citi revamps wealth banker pay

World - Financial Times - 12 hours ago

Adani begins to cut off power supplies to Bangladesh

Indian conglomerate threatens to halt flows from coal-fired plant over debt dispute

Business - Financial Times - 5 days ago

Bangladesh staves off more Adani power cuts

Dhaka makes assurances to clear its bills after conglomerate threatened to halt electricity supplies

World - Financial Times - Yesterday

Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.

Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”

Business - The New York Times - October 15

Airbus to cut up to 2,500 jobs in defence and aerospace division

World - Yahoo News - October 16

Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector

Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would result ...

Politics - The Hill - October 17

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Volkswagen plans to close at least 3 German plants and cut thousands of jobs

Europe’s largest carmaker tells works council it would slash pay by 10%

Business - Financial Times - October 28

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 - 3 days ago

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Carmaker to slash global production capacity by a fifth in emergency turnaround plan

World - Financial Times - Yesterday

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 - Yesterday

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 - Yesterday

Manchester United cuts continue as Sir Alex Ferguson ambassador role slashed

Ex-manager reported to receive more than £2m a year Sir Jim Ratcliffe’s Ineos has cut 250 staff from payroll The latest victim of the Ineos-led economy drive at Manchester United is none other ...

World - The Guardian - October 15

Alibaba cuts 'dozens of employees' at metaverse unit as hype in sector cools down

World - Yahoo News - 5 days ago

Space Marine 2 Didn't Need To Sell 4 Million Units To Be A Success, But It Did Anyway

Warhammer 40,000: Space Marine 2 publisher Focus Entertainment has revealed that 4.5 million units of the Saber Interactive-developed game have been sold since it launched last month. An ...

Tech - GameSpot - October 18

Motorsports in the United States have taken a dramatic off-track turn: Analysis

Michael Andretti is seemingly out of motorsports just a year after he was drumming support for a Formula 1 team

Sports - ABC News - October 14

Manchester United restricted to a draw by Fenerbahce as Mourinho sent off

It just had to be about him. José Mourinho was shown a red card against Manchester United for protesting when he thought his Fenerbahce side should have been awarded a penalty but still saw them ...

World - The Guardian - October 24

Carabao Cup win doesn't let Man United's players off the hook

Wednesday's triumph was a much-needed win for Man United, but make no mistake: this is not evidence that the club has turned a corner.

Sports - ESPN - October 31

Amad Diallo ends Manchester United’s European drought by seeing off Paok

Hold on to your hat: Manchester United are victorious in Europe after three consecutive Europa League draws and three more games without winning in last season’s Champions League.. So a 380-day ...

World - The Guardian - Yesterday

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