Latest in Supplier Bosch Cut
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German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technology
German auto technology supplier Bosch to cut 5,500 jobs, citing stagnant demand for cars and new technologyWorld - ABC News - Yesterday -
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Bosch to Cut Thousands of Jobs as Auto Woes Intensify
Bosch said it expected to cut 3,500 jobs in its cross-domain computing solutions division by 2027. Subdued car sales and intense competition have hit earnings at carmakers.Business - The Wall Street Journal - Yesterday -
New sanctions target Myanmar's military suppliers
Opponents of Myanmar’s military government have welcomed the latest sanctions imposed by the European Union, the U.K. and Canada on individuals and entities supplying aviation fuel and equipment to ...World - ABC News - October 30 -
Turkish man accused of being major supplier of Channel smuggling boats arrested
The man was held in Amsterdam after an operation by the National Crime Agency and Dutch and Belgian police.Top stories - BBC News - November 14 -
FDA investigates onion supplier in McDonald's E. coli outbreak
The FDA says it is focusing on a California company that sells McDonald's and other restaurants onions. McDonald's says California-based Taylor Farms is the source of the potentially tainted onions ...Top stories - NBC News - October 24 -
As Boeing Strike Drags On, Suppliers Worry and White House Weighs In
The Biden administration encouraged striking union workers and company management to keep working to reach a deal.Business - Inc. - October 25 -
Stolen cheddar might be heading to Russia, supplier tells BBC
A supplier of cheese stolen in a £300,000 scam said the business was based on trust.Top stories - BBC News - October 28 -
How Ending Boeing’s Strike Might Benefit Harris—and Hard-Hit Suppliers
The strikers’ union has urged members to accept Boeing’s new contract proposal. That would be great news for idled suppliers—and may give Kamala Harris’s presidential bid a boost in swing states.Business - Inc. - November 1 -
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Anger in Taiwan over reports SpaceX asked suppliers to move abroad
Taipei says it is paying close attention to reported request by Elon Musk’s firm . Taiwan’s government says it is paying close attention to reports that Elon Musk’s SpaceX asked Taiwanese suppliers ...World - The Guardian - November 7 -
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U.S. Military Selects Little-Known Utah Supplier for Drone Program
The Army chose Teal Drones to provide thousands of reconnaissance aircraft, bypassing some of venture capital’s best-funded drone makers.Tech - The Wall Street Journal - 3 days ago -
Boeing supplier Spirit AeroSystems says there’s ‘substantial doubt’ about its ability to keep operating
Aircraft-parts supplier Spirit AeroSystems Holdings Inc. on Tuesday said that there was “substantial doubt” about its ability to keep running as a “going concern,” as losses, debt, and difficulties ...Business - MarketWatch - November 6 -
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 - 5 days ago -
Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - 3 days ago -
Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
How Trump, Harris propose cutting healthcare costs
The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...Politics - The Hill - October 25 -
Aces restructuring front office, cut ties with GM
The Aces will not renew the contract of general manager Natalie Williams as part of a restructuring of their front office, the team announced.Sports - ESPN - October 26 -
Woolworths Cuts Expectations for Australian Food Earnings
Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost ...Business - The Wall Street Journal - October 29 -
GSK cuts vaccine sales target on reduced demand
U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.Business - MarketWatch - October 30 -
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 - October 30 -
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 - October 30 -
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.Top stories - BBC News - October 31 -
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 - October 31 -
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 - October 31 -
Smith & Nephew cuts outlook on China weakness
FTSE 100 medical manufacturer reports price pressures and worse-than-expected demandWorld - Financial Times - October 31 -
Brewers Struggle as Drinkers Cut Back on Beer Worldwide
Consumers around the world are drinking less beer, putting brewers in a bind.Business - Inc. - October 31 -
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 regionBusiness - Financial Times - October 31 -
Adani begins to cut off power supplies to Bangladesh
Indian conglomerate threatens to halt flows from coal-fired plant over debt disputeBusiness - Financial Times - November 3 -
Ryanair profit drops as airline cuts passenger forecast
European low-cost carrier blames pressure on consumers for fall in faresBusiness - Financial Times - November 4
