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Deutsche’s private bank fires over 100 bankers in cost-cutting drive
Frankfurt-headquartered lender has imposed demanding targets on underperforming unitBusiness - Financial Times - November 11 -
‘I’m switched off’: frustration and fatigue as power cuts keep Ecuador in the dark
Facing a severe drought and reliant on hydropower, the country is enduring relentless blackouts. But experts say opportunities have been missed to adapt and diversify. It’s 6.30pm in Quito, and ...World - The Guardian - November 11 -
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23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.Business - MarketWatch - November 12 -
Chris Wallace exits CNN as post-election cost-cutting begins
Wallace moved from Fox News to CNN in late 2021 to be a host on its short-lived streaming service. He hosts "Who's Talking to Chris Wallace?"Entertainment - Los Angeles Times - November 12 -
Continental Posts Higher Profit as Cost Cuts Offset Sales Pressure
The auto supplier reported improved quarterly earnings as cost cuts and strong results at its key divisions mitigated revenue pressures and weakness at its ContiTech unit.Business - The Wall Street Journal - November 11 -
Shell wins appeal against order to cut greenhouse gas emissions
Dutch court annuls order made against energy company in 2021Business - Financial Times - November 12 -
Shell defeats landmark climate ruling ordering cut in carbon emissions
Oil and gas company had challenged 2021 ruling that it must reduce greenhouse gas emissions by 45% by 2030. Shell has won its appeal against a landmark climate judgment by a Dutch court, which in ...World - The Guardian - November 12 -
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
