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Shell plans more cuts to costs and spending but hands CEO bigger bonus
Increase in pay package comes despite fall in profits and as oil company watered down pledge to cut emissions. Business live – latest updates The oil company Shell has revealed plans to ramp ...The Guardian - 4d -
South Africa plans to spend more on health and defense after US cuts aid
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of livingABC News - Mar. 12 -
Oil major Shell vows to boost shareholder returns, doubles down on LNG push
British oil major Shell on Tuesday announced plans to increase shareholder distributions, prioritize share buybacks and reduce capital spending.CNBC - 4d -
Nasa cuts raise fears of handing more influence to SpaceX owner Musk
Fired workers warn cuts including closing of two offices will undermine agency work and increase costs. The Trump administration ’s decision to shutter two offices at Nasa risks “dramatically” ...The Guardian - Mar. 18 -
Reeves to outline plan to cut regulation costs and boost growth
Chancellor will meet regulators after calling for action to restrict their scope in bid to save businesses billions. Rachel Reeves will meet UK regulators on Monday after calling for more action to ...The Guardian - Mar. 17 -
House GOP budget plan would cut domestic spending by $13 billion
House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...CBS News - Mar. 10 -
What Does a Shutdown Have to Do With the Budget or Elon Musk? Here’s a Guide.
A short-term spending bill, a 10-year budget plan and Musk’s cost-cutting team are all progressing at once.The New York Times - Mar. 11 -
Starmer suffers cabinet uprising over UK spending cuts
Opposition grows to plans in areas such as welfare but prime minister insists he will not bend rules to allow more borrowingFinancial Times - Mar. 13 -
Britons cutting back on spending as confidence in economy falls, survey shows
Most feel financial secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statement. Consumers are cutting back spending on everyday items amid falling confidence ...The Guardian - 4d -
House GOP seeks spending cuts, defense increases in plan to avert shutdown
House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...The Hill - Mar. 8 -
FirstFT: Musk’s government spending cuts fail to halt rising costs
Also in today’s newsletter, Putin’s frontline visit and a new FT film on Nvidia’s riseFinancial Times - Mar. 13 -
European leaders push for even more defense spending — despite plans for $867 billion 'ReArm' package
"I think this is only the start," Lithuanian President Gitanas Nausėda told CNBC's Silvia Amaro on the EU's plans to boost defense spending.CNBC - Mar. 20 -
Will the UK Chancellor announce more spending cuts?
Market Questions is the FT’s guide to the week aheadFinancial Times - 6d -
Burn pit fund for veterans on chopping block in GOP spending bill
Democratic lawmakers and veterans’ groups are fuming over a provision in a stopgap federal spending bill passed by House Republicans this week that would cut a Department of Veteran Affairs fund ...The Hill - Mar. 14 -
Unio aims bigger in Web3 gaming with new CEO Mark Long
Unio has made some big moves recently, hiring former Shrapnel boss Mark Long as its CEO.VentureBeat - Mar. 7 -
More NOAA cuts, 1,000 layoffs expected, sources say
National Oceanic and Atmospheric Administration (NOAA) employees are expecting more layoffs at the agency, sources say. This comes after drastic cuts as part of President Trump's measures to shrink ...CBS News - Mar. 10 -
NPS leaders plan 30 percent payroll cuts
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment First in The Hill NPS leaders plan 30 percent payroll cuts The Trump administration is eyeing major payroll ...The Hill - Mar. 11 -
New Spanish-language ad in GOP districts sounds alarm on Medicaid cuts
A new ad campaign seeks to alert Spanish-speaking voters in Republican-led swing districts on what is at risk for their health after Congress voted to advance spending plans including more than ...The Hill - 3d -
Why this CEO wants to give motherhood better PR: 'We want more options on the table'
Neha Ruch is the CEO and founder of Mother Untitled and author of "The Power Pause," which covers how moms can plan a career break and return to the workforce.CNBC - Mar. 12 -
Falcons will fully guarantee the $10 million Kirk Cousins 2026 roster bonus
If Falcons is cut before roster bonus is earned, the Falcons likely won't owe him any of it.Yahoo Sports - Mar. 15 -
Heathrow looks at building shorter third runway in bid to cut costs
London’s hub airport is preparing a detailed expansion plan after winning government backingFinancial Times - Mar. 8 -
Analysts love Intel’s CEO choice — but not enough to recommend buying the stock
Lip-Bu Tan is seen as a “transformative” leader who will move to cut costs. But both halves of Intel’s business require major fixes.MarketWatch - Mar. 13 -
SBA cutting 40 percent of workforce
The Small Business Administration (SBA) plans to cut more than 40 percent of its workforce amid an agency-wide restructuring, it announced Friday. The agency will cut about 2,700 positions out of ...The Hill - Mar. 21 -
Rayner and Cooper criticised cuts in ‘tense’ UK cabinet meeting
‘Large minority’ of ministers protested about planned spending reductions in their own departmentsFinancial Times - Mar. 14 -
Postal Service signs cost-cutting deal with DOGE
The United States Postal Service said it has signed a deal with the Department of Government Efficiency (DOGE) to cut costs at the agency. Postmaster General Louis DeJoy told congressional leaders ...The Hill - Mar. 13 -
Rachel Reeves warned of tax rises ahead despite £14bn plan to fix public finances
Chancellor makes cuts to welfare spending as economic forecasts slashedFinancial Times - 2d -
Lululemon shares drop more than 10% as CEO says inflation, economic concerns are weighing on spending
Lululemon beat on earnings but disappointed with its 2025 guidance in its fourth-quarter earnings report.CNBC - 1d -
Rune Aero uses Nvidia GPUs to cut virtual wind tunnel costs by 80%
Rune Aero is using Nvidia GPUs to cut virtual wind tunnel costs by 80%, bringing down costs of developing airplanes.VentureBeat - Mar. 18 -
Keir Starmer defends planned welfare cuts to anxious Labour MPs
Prime minister wants to reform disability benefit payments to help fund greater spending on defenceFinancial Times - Mar. 10 -
Tensions grow over UK government plan to cut welfare payments
Work and pensions secretary Liz Kendall prepares to slash spending on health-related benefitsFinancial Times - Mar. 17 -
Chancellor forced to find more savings after watchdog doubts £5bn costing
Chancellor forced to find more savings after watchdog doubts £5bn costingFinancial Times - 3d -
How good is your 401(k)? New features may help workers save more and spend better.
AI, annuity options, stickier enrollment and more comprehensive advice are setting the new standards for workplace retirement savings plansMarketWatch - Mar. 18 -
Starmer's plan for benefits throws up a bigger dilemma
The debate has sparked a wider dilemma about the broader purpose of welfareBBC News - Mar. 17 -
Trump denies report that Musk got briefing on China war plans
President Trump and Defense Secretary Pete Hegseth said Elon Musk’s visit to the Pentagon was focused on DOGE cost cutting, denying a New York Times report that said he was to be briefed on plans ...NBC News - Mar. 21 -
‘Game changer’: German spending plans lift bond market’s growth forecasts
Chancellor-in-waiting Merz’s promise to do ‘whatever it takes’ pushes Bund yields sharply higher in anticipation of more issuanceFinancial Times - Mar. 8 -
More home builders cut prices to lure buyers put off by high costs
Builder sentiment fell to the lowest level in seven months, the National Association of Home Builders said.MarketWatch - Mar. 17 -
Trump cuts funding to global vaccine group
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story White House cuts funding to global vaccine program The Trump administration plans to stop providing U.S. ...The Hill - 2d -
GOP gets the upper hand on spending, with improbable help from the hard right
Many hard-right members voted Tuesday for their first stopgap spending bill ever. “I’m as stunned as anybody else,” said Rep. Andy Biggs.Politico - Mar. 11 -
Vanguard plugs ‘transformational’ idea for Europe ETF trading venue
Euronext’s plan to consolidate ETF trading on to one of its seven bourses would cut costs, senior executive saysFinancial Times - Mar. 19 -
FBI launches Tesla threats task force: 'This is domestic terrorism'
Tesla CEO Elon Musk and his DOGE team are leading efforts by the Trump administration to drastically cut federal government spending and staff.CNBC - 4d