Latest in Billions Welfare Amid
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UK Aims to Cut Billions in Welfare Amid Budget Crunch
Changing disability allowances is a particularly contentious move within Prime Minister Keir Starmer’s center-left Labour Party.The New York Times - 11h -
The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable
Britain’s Labour Party government has announced an overhaul of the welfare system it says will save the cash-strapped administration 5 billion pounds, or $6.5 billionABC News - 11h -
Does cutting benefits actually work?
The government has set out plans to save billions of pounds from the welfare bill - how have previous attempts to do this fared?BBC News - 11h -
Watch: Henry Zeffman on what new welfare changes mean
Watch: Henry Zeffman on what new welfare changes meanBBC News - 14h -
Rachel Reeves insists changes to welfare needed
Labour MPs have been expressing unease about the proposed cuts to welfare, ahead of announcements next week.BBC News - 4d -
Canada Announces Arctic Radar Deal With Australia Amid Trump Threats
As President Trump talks about U.S. dominance of the Arctic, Canada says it will spend billions to defend the region, including buying new radar technology from Australia.The New York Times - 4h -
UN to rent Bangladesh property owned by former regime associate
Sobhan family under scrutiny amid efforts to claw back billions of dollars allegedly lost under Sheikh Hasina’s ruleFinancial Times - Mar. 11 -
Rising mental ill health behind higher welfare bill, report says
The government is identifying cuts to the welfare budget ahead of the Spring Statement, with the PM working to rally MPs to support the move.BBC News - 6d -
Starmer to drive through welfare cuts that could affect UK’s most severely disabled
PM faces backlash over plans to tighten eligibility, potentially leaving more than 600,000 claimants £675 a month worse off. Keir Starmer is to defy growing anger by driving through welfare cuts ...The Guardian - 2d -
Alphabet to buy cybersecurity startup Wiz for $32 billion
Google owner Alphabet has agreed to buy cybersecurity startup Wiz for $32 billionABC News - 14h -
EPA Cancels $20 Billion in Climate Grants
Here is what we know about the billions in funds that have led to federal investigations, lawsuits and frozen bank accounts for climate nonprofit groups.The New York Times - 6d -
PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion.NBC News - 1d -
Oakland A’s being valued at $2 billion in sale of new shares of team
John Fisher, managing partner of the Oakland A's, is offering new shares in his MLB team at a $2 billion valuation, according to sources.CNBC - 1d -
Google parent Alphabet to buy Wiz cybersecurity firm for $32 billion
The agreement comes after the cybersecurity startup rejected Google owner's original $23 billion proposal last July.CBS News - 14h -
How to stop the fruitless search for welfare savings
Governments chase illusory short-term cuts when what’s needed are routes back into lasting employmentFinancial Times - Mar. 8 -
How to cut Britain’s rising welfare bill
Reforms rather than quick fixes will save more money in the long termFinancial Times - Mar. 9 -
Government’s employment reforms clash with its welfare plans
Jobs market policies could threaten the part-time vacancies that ease people back into workFinancial Times - 6d -
Starmer’s ‘Project Chainsaw’: the NHS, Whitehall, welfare
Plus: is Reform UK imploding?Financial Times - 4d -
What went wrong with the UK’s welfare system?
Factors behind sharp rise in incapacity and disability benefits are complex and at times counterintuitiveFinancial Times - 2d -
How the UK’s welfare cuts will change claimants’ lives
Radical changes that will cut income for 1mn people may not get many more into work, say analystsFinancial Times - 10h -
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 -
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods
Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration's steel and aluminum duties.CNBC - 6d -
'Pokémon Go' sells to Saudi-backed Scopely in $3.5-billion deal
Scopely, a mobile game company, will purchase 'Pokémon Go' and other games from developer Niantic in a deal worth $3.5 billion, the companies announced Wednesday.Los Angeles Times - 6d -
Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.The New York Times - 5d -
Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.The New York Times - 5d -
Spending Bill Omits Billions for Local Projects as Congress Cedes Power to Trump
The stopgap measure the G.O.P. is pushing to avert a government shutdown omits billions of dollars in member-requested projects, another way in which Congress has ceded its power on federal spending.The New York Times - 4d -
Tech megacaps lose over $750 billion in market cap in worst day for Nasdaq since 2022
The seven most valuable tech companies lost more than $750 billion in market value on MondayCNBC - Mar. 10 -
Salesforce pledges to invest $1 billion in Singapore over five years in AI push
Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years.CNBC - Mar. 12 -
Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself
Americans lost $5.7 billion to investment fraud in 2024, up 24% from 2023, according to the Federal Trade Commission.CNBC - 3d -
Let Warren Buffet's old $1 billion offer for a perfect March Madness bracket remind you how impossible that is
Warren Buffet is offering everyone $1 billion that he knows no one will ever get.Yahoo Sports - 2d -
Google to acquire cloud security startup Wiz for $32 billion after deal fell apart last year
Google signed a "definitive agreement" to acquire Wiz for $32 billion in an all-cash dealCNBC - 8h -
Stocks plunge, market closes down on recession fears amid escalating tariffs
The major stock indexes plunged on Monday amid fears of a possible recession.ABC News - Mar. 10 -
White House crypto czar says public has 'lost out on over $17 billion'
Crypto czar David Sacks argued taxpayers have lost out on billions because earlier administrations never took advantage of bitcoin in the government's possession.ABC News - Mar. 7 -
OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services
Ahead of CoreWeave's upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost $12 billion.CNBC - Mar. 10 -
How a hidden benefit of a Wells Fargo asset cap removal could save the bank billions
The bank paid $2.5 billion more in remediation efforts in 2023 than in 2018, which was a year before Charlie Scharf became CEO.CNBC - Mar. 11 -
Roche takes big step in weight-loss field with $5.3 billion deal. Novo Nordisk shares fall.
Swiss drugmaker Roche on Wednesday announced a major deal in the weight-loss category, agreeing to pay up to $5.3 billion to Zealand Pharma in a licensing and development deal.MarketWatch - 6d -
Roche shares pop 5% on $5.3 billion obesity drug deal with Zealand Pharma
Swiss pharmaceutical giant Roche said Wednesday that it had struck a deal worth up to $5.3 billion to develop Zealand Pharma's obesity drug candidate.CNBC - 6d -
Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion
Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, marking the cryptocurrency exchange's first institutional investment.CNBC - 6d -
Tampa Bay Rays withdraw from planned $1.3 billion ballpark, citing storms and delays
The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost.NBC News - 5d -
Tampa Bay Rays withdraw from planned $1.3 billion ballpark in St. Petersburg, citing storms, delays
The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s costABC News - 5d