Latest in Carmaker Porsche Cut
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Porsche to cut 1,900 jobs in Germany as weak EV demand bites
Announcement comes as luxury-car maker warned of lower profitability, well below its long-term targetFinancial Times - 5d -
China’s carmakers shift up a gear
Beijing could step in to consolidate fragmented industry, reshaping its futureFinancial Times - Feb. 11 -
Porsche Is No Longer a ‘Premium’ Sports Car in China
Chinese drivers are buying affordable electric vehicles loaded with new technology, a trend that is redefining high-end vehicles and hurting German automakers.The New York Times - 1d -
Trump’s budget cuts are unconstitutional
These are not presidential decisions to make but rather are legislative mandates. Congress is our only hope.The Hill - Feb. 10 -
VA cutting 1,000 employees
The Department of Veterans Affairs (VA) has dismissed more than 1,000 new employees as part of a wave of federal government layoffs that began this week, sparking concerns the firings could impact ...The Hill - 4d -
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Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - Feb. 8 -
NIH cuts overhead funding for research
The National Institutes of Health (NIH) on Friday made a significant reduction in grants reserved for research institutions, a decision that may significantly impact American higher education. The ...The Hill - Feb. 8 -
Trump administration to cut billions in medical research funding
National Institutes of Health said the $4bn loss will affect ‘indirect’ funding of buildings, equipment and staff. The Trump administration is cutting billions of dollars in medical research ...The Guardian - Feb. 8 -
Driver cut free after crash with highways vehicle
Firefighters say the highways vehicle was stationary within a closed work zone when it was hit.BBC News - Feb. 9 -
Inside the House GOP clash over tax cuts
Hardliners are squaring off against their top tax writer as Republicans try to assemble a package President Donald Trump's priorities.Politico - Feb. 9 -
More job cuts expected at Justice Department, FBI
Staff within the Justice Department and FBI are on edge and bracing for more firings due to the changes under the new Trump administration. CBS News Department of Justice correspondent Scott ...CBS News - Feb. 10 -
Progressive group sounds alarm on Medicaid cuts
Presented by American Medical Association — A new report from Democratic-aligned group Protect Our Care highlights potential GOP changes to Medicaid. {beacon} Health Care Health Care The Big ...The Hill - Feb. 10 -
A quick way to cut $1 trillion in federal spending
President Trump suggests that state governments should have primary responsibility for handling disasters, and cutting federal taxes would allow states to access more money to address their needs.The Hill - Feb. 11 -
Federal judge pauses NIH research cuts nationwide
A federal judge in Boston has ordered a temporary pause nationwide on plans by the National Institutes of Health (NIH) to substantially reduce "indirect” research payments to universities, medical ...The Hill - Feb. 11 -
Sources: Man United mulling further staff cuts
Manchester United are considering making further cuts to club staff, sources have told ESPN.ESPN - Feb. 11 -
The Pentagon needs a budget cut, not a spending spree
Lawmakers are pushing to increase Pentagon spending by up to $500 billion, but this would accelerate our national debt and fail to address wasteful programs and inefficiencies.The Hill - 6d -
Republicans Love Trump’s Spending Cuts. Just Not in Their States.
Even as they praise the president’s unilateral actions to slash federal spending, G.O.P. lawmakers have quietly moved to seek carve outs or exemptions for their own constituents.The New York Times - 6d -
It’s America That Suffers When We Cut Foreign Aid
U.S.A.I.D. keeps children alive and us safe.The New York Times - 6d -
Blue Origin Cuts 10% of Its Employees
In an email to employees, the company’s chief executive said the company had become bloated during its growth in recent years.The New York Times - 5d -
No, the US is not funding condoms for Hamas — and don't cut USAID
Gaza is a prime example of why USAID programs are so vital. Sexual and reproductive humanitarian assistance saves lives.The Hill - 4d -
Congo asks leagues, teams to cut Rwanda ties
The NBA, whose recent Africa expansion is centered in Rwanda, is the latest to receive a letter from Congo officials; soccer teams Arsenal, Bayern Munich and PSG and racing's F1 got similarly ...ESPN - 4d -
Trump cuts financial aid to South Africa
South Africa is one of the latest countries President Trump has targeted since taking office. Last week, the White House issued an executive order completely cutting off financial assistance to the ...CBS News - 3d -
DHS cuts at least 405 employees from workforce
The Department of Homeland Security has cut 405 employees from its workforce, a DHS official first told ABC News on Friday.ABC News - 3d -
Firms plan job cuts as employment costs rise
Companies' confidence falls as they face increases to National Insurance payments and wagesBBC News - 1d -
Musk and markets: why Doge is not cutting through
Also in today’s newsletter, JD Vance gives investors something other than tariffs to chew on for a changeFinancial Times - 18h -
National Science Foundation cuts 10 percent of staff
Nearly 170 employees at the National Science Foundation (NSF) who were still on probation were fired by the Trump administration on Tuesday, union officials told The Hill. The cuts at the agency ...The Hill - 56m -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - Feb. 6 -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - Feb. 7 -
Trump says he is cutting off Biden's access to intelligence material
Former presidents are traditionally allowed to receive intelligence briefings if they are being consulted about events that occurred while they were in office.NBC News - Feb. 8 -
Cambridge risks losing ‘unbelievable talent’ amid PhD funding cut
Warning by vice-chancellor Deborah Prentice comes as ‘Silicon Valley’ planned between Oxford and Cambridge. The University of Cambridge risks “losing unbelievable talent” owing to a drop-off in ...The Guardian - Feb. 8 -
7 Words Explain Why UPS Is Cutting Amazon Loose
UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.Inc. - Feb. 8 -
Trump cuts aid to South Africa over ‘racial discrimination’ against Afrikaners
US president also offers asylum to Afrikaners and criticises law that allows land seizures without compensation in some circumstances. The US president, Donald Trump, has signed an executive order ...The Guardian - Feb. 8 -
Bolton says DOGE cuts hurt ‘long-term American interests’
President Trump’s former national security adviser John Bolton said during an interview that some of the proposed Department of Government Efficiency (DOGE) cuts could hurt “long-term American ...The Hill - Feb. 8 -
Scientists warn Trump’s $4bn funding cuts will harm US medical research
Academics say the move imperils scientific progress and helps America’s rivalsFinancial Times - Feb. 8 -
Trump Administration Cuts Put Medical Progress at Risk, Researchers Say
Grants from the National Institutes of Health come with additional money for overhead. A planned $4 billion cut would leave colleges with large budget gaps.The New York Times - Feb. 8 -
Kurdish officials fear Islamic State revival as US aid cuts loom
Humanitarian groups worried north-east Syrian camps holding suspected IS members will lose basic facilities. Kurdish officials have warned of an Islamic State resurgence if US foreign aid cuts take ...The Guardian - Feb. 9
