Bombshell Billions Cuts

Hong Kong cuts liquor tax in an effort to reignite its nightlife industry

Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene

World - ABC News - October 16

Hong Kong to Ease Mortgage Rules, Cuts Liquor Tax in Growth Push

World - Yahoo News - October 16

Surprise fall in inflation to 1.7% paves way for interest rate cuts

September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.

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

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

World - Yahoo News - October 16

GB win twice to cut NZ lead in America's Cup

Great Britain win both races on Wednesday to halve New Zealand's lead in the America's Cup in Barcelona.

Starmer and Reeves face down cabinet revolt over spending cuts

Ministers complain about Treasury approach as prime minister and chancellor finalise October 30 Budget

Business - Financial Times - October 16

US economic growth is strong — so why cut rates?

Only borrowers such as struggling commercial property and debt-laden zombie companies will benefit

World - Financial Times - October 17

How a broke Argentine province is countering Milei's deep austerity cuts

After entering office last year, far-right President Milei swiftly imposed his fiscal shock therapy, slashing federal budget transfers to provinces

World - ABC News - October 17

Blackstone plans to list some of its largest investments

Sluggish asset sales hit third-quarter profits at world’s biggest private capital group

Business - Financial Times - October 17

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.

Business - MarketWatch - October 17

ECB Cuts Interest Rates Again as Eurozone Inflation Slows

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Business - The New York Times - October 17

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