Latest in Plans Cut 1.1
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Intesa Sanpaolo unveils plans to cut 9,000 jobs
Italy’s largest bank wants to reduce costs by accelerating its digital transformationBusiness - Financial Times - October 23 -
Welsh councils plan cuts to plug £500m budget gap
Cuts to services loom as Welsh councils face a £500m budget gap.Top stories - BBC News - October 14 -
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
Figure is significantly more than the £22bn fiscal hole the government previously identifiedBusiness - Financial Times - October 15 -
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 -
Trump's Social Security plan could lead to 33% benefits cut: Analysis
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.Top stories - CBS News - October 21 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
In the city of Zwickau, which has a proud history in the country’s mighty automobile industry, there are fears about the economic and political fallout . Zwickau gained its nickname as the Detroit ...World - The Guardian - 6 days ago -
Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - 4 days ago -
Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant
Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.Business - The Wall Street Journal - 2 days ago -
A.I.-Powered Painting of Alan Turing Sells for $1.1 Million
The portrait depicts the British mathematician Alan Turing as the god of artificial intelligence. Its creator is a robot named Ai-Da that resembles a woman with a bob haircut.Top stories - The New York Times - Yesterday -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
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Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...Top stories - NBC News - October 30 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions
Japan is planning an automated cargo transport corridor between Tokyo and Osaka to make up for a shortage of truck driversTech - ABC News - November 2 -
Here’s what can stall Trump’s tax and tariff plans
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.Business - MarketWatch - 3 days ago -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - Yesterday -
Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
The automaker posted disappointing second-quarter results and announced reductions in production and staff.Business - CNBC - Yesterday -
Stripe's $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs
Investors that got into Bridge Network a few months ago are tripling their money after Stripe agreed to buy the crypto company this week.Business - CNBC - October 23 -
CVS beats revenue views, but profit missed due to a $1.1 billion reserve charge
CVS’s stock surges after revenue rose well above expectations, while profit missed because of a large charge premium deficiency reserves charge.Business - MarketWatch - 3 days ago -
IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live
Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...World - The Guardian - October 31 -
Titans cutting Jamal Adams
Jamal Adams' brief tenure in Tennessee is coming to an end.Sports - Yahoo Sports - October 17 -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...Politics - The Hill - 5 days ago -
Zelensky's victory plan for Ukraine
Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Zelensky's victory plan for Ukraine is here Ukrainian President ...Politics - The Hill - October 16 -
Trump's big tariff plans
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story What Trump can do on tariffs without Congress Former President Trump is going all ...Politics - The Hill - October 25 -
Interest rate cut hopes raised as wage growth slows
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.Top stories - BBC News - October 15 -
BBC to cut 155 roles from news operation
Broadcaster hopes move will save £24mn from budget, according to internal memo sent to staffBusiness - Financial Times - October 15 -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
McKinsey Cuts Hundreds From China Workforce
The consulting firm is cutting back on state-linked clients and is working to separate its China operationsBusiness - The Wall Street Journal - October 17 -
Ministers complain to Starmer over spending cuts
Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.Top stories - BBC News - October 17 -
Titans cut safety Adams, honoring his request
The Titans released Jamal Adams, honoring the three-time Pro Bowl safety's request.Sports - ESPN - October 17 -
Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.Business - The New York Times - October 17 -
Tourism hotspot cuts council tax on second homes
Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.Top stories - BBC News - October 17
