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Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...

Business - MarketWatch - 2 days ago

Volkswagen in Drive to Cut Costs as Earnings Plunge

The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.

Business - The Wall Street Journal - 2 days ago

Bill Gates criticises Budget cut to overseas aid

Hidden in the Budget was a decision not to renew a Tory-era £2.5bn top-up to the UK's overseas aid budget.

Stellantis Says Moving Quickly to Cut U.S. Inventories

Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ...

Business - The Wall Street Journal - Yesterday

STMicroelectronics Cuts Outlook Again on Continued Weak Demand

STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.

Business - The Wall Street Journal - Yesterday

Smith & Nephew cuts outlook on China weakness

FTSE 100 medical manufacturer reports price pressures and worse-than-expected demand

World - Financial Times - Yesterday

Brewers Struggle as Drinkers Cut Back on Beer Worldwide

Consumers around the world are drinking less beer, putting brewers in a bind.

Business - Inc. - Yesterday

Ukraine and US warn Kyiv’s troops could face North Korean forces ‘in days’

New assessment finds as many as 8,000 soldiers have been deployed to Russia’s Kursk region

Business - Financial Times - Yesterday

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

Ferrari F80 2024: Specs, Price, Availability

The stats are staggering: 0 to 62 mph in just 2.1 seconds, 1,000 kilos of downforce at 155 mph, Formula One tech throughout. But the most interesting thing about this jaw-dropping hyperhybrid is ...

Tech - Wired - October 17

Netflix raises prices as boost from password crackdown fades

The streaming giant will charge subscribers more in some countries to fuel growth.

Labour discovers price of freebies in our democracy

Journalists are right to raise questions over Starmer’s Taylor Swift meeting and acceptances from donors

World - Financial Times - October 18

Egypt increases fuel prices by 10% to 17%

Egypt has raised fuel prices by between 10% and 17%, a move likely to impact the cost of both goods and services

World - ABC News - October 18

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

At London Pen Shows, Collectors Seek ‘Art of the Highest Quality’

For collectors and enthusiasts at the London Pen Show, the finest writing instruments can cost thousands of dollars. As one dealer put it, “This is art of the highest quality.”

Lifestyle - The New York Times - October 22

Power, as well as price, matters in a well-run economy

That’s the lesson to take from both the founding of the Bretton Woods system 80 years ago and the Biden administration today

World - Financial Times - October 21

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