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Musk’s Slashing of the Federal Budget Faces Big Hurdles
The so-called Department of Government Efficiency, with Elon Musk as co-leader, has advantages that past budget-cutters did not, but laws and court challenges can still make change slow and difficult.Top stories - The New York Times - Yesterday -
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 - November 4 -
Associated Press to Cut Staff by 8%
The reductions come just two weeks after Election Day, when The A.P. played a key role in calling races across the United States.Business - The New York Times - November 18 -
Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - November 20 -
Thyssenkrupp Steel to Cut 11,000 Jobs
The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.Business - The Wall Street Journal - 3 days ago -
Biden Cuts Intel’s Chip Award by More Than $600 Million
The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.Business - The New York Times - 2 days ago -
Thyssenkrupp Steel to Cut 11,000 Jobs
The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.Business - The Wall Street Journal - 3 days ago -
Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools
Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...World - The Guardian - October 30
