Latest in Cuts Intel’s
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23andMe cuts 40% of its workforce and discontinues therapeutics division
23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costsHealth - ABC News - November 12 -
Starmer: New UK target for 81% emissions cut by 2035
The PM insists the government will not "tell people how to live their lives" in achieving the aim.Top stories - BBC News - November 12 -
Trump Will Likely Cut the Ribbons on Biden’s Factories and Infrastructure Projects
The outgoing president funded new plants and big economic initiatives, but his successor may be able to put his name on the finished products.Business - Inc. - November 12 -
Elon Musk handpicked by Trump to carry out slash-and-burn cuts plan
World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast. Donald Trump, president-elect of the US, announced on Tuesday that he has ...World - The Guardian - November 13 -
Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn
Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn. The food delivery company Just Eat Takeaway is selling Grubhub to the ...World - The Guardian - November 13 -
Inflation rises 2.6% in October after Fed starts interest rate cuts
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch ...Top stories - CBS News - November 13 -
PS5 Price Cut For The Holidays Edited Out Of New Sony Trailer
On November 12, Sony published a marketing trailer for the PlayStation 5 that ended with the announcement that the digital PS5 Slim would be marked down for the holidays. That trailer has since ...Tech - GameSpot - November 13 -
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Inflation rises slightly as economy reacts to interest rate cuts
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.Top stories - CBS News - November 13 -
Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - November 13 -
U.S. Inflation Ticks Up to 2.6% in October, as Fed Considers Rate Cut
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.Business - The New York Times - November 13 -
Met faces service cuts without more cash, says chief
Sir Mark Rowley says he is "deeply troubled" by negotiations so far on the force's funding next year.Top stories - BBC News - November 14 -
Collapsed London Capital & Finance operated as Ponzi scheme, court rules
High Court judge finds individuals connected with scandal liable for damagesBusiness - Financial Times - November 14 -
ECB cut rates to avoid damage to economy, meeting minutes show
Hawkish policymakers agreed with move because of a strengthening ‘disinflationary trend’World - Financial Times - November 14
