Latest in Suppliers Cut
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BYD and Rivals in China Tell Suppliers to Cut Costs Amid Price War
China’s electric vehicle market is the world’s largest — and its most cutthroat, with dozens of brands jostling for position.Business - The New York Times - 27 minutes ago -
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 - 5 days ago -
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 -
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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 - November 20 -
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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 -
China’s EV price war set to intensify next year as BYD squeezes suppliers
Chinese carmaker asks auto parts providers to cut their prices by 10%World - Financial Times - 9 hours ago -
Walmart cuts DEI
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Walmart rolls back DEI policies under pressure Walmart will roll back diversity, ...Politics - The Hill - 23 hours ago -
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 - 2 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 - Yesterday -
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 -
Which gold investment is best when rates are cut?
Some gold assets are better than others when interest rates are dropping, experts say.Top stories - CBS News - November 4 -
South Carolina women clear-cut betting favorites
South Carolina was viewed as a second-tier contender, not one of the clear favorites, entering last season. Oddsmakers aren't doubting the Gamecocks this season, though.Sports - ESPN - November 4
