Elon Musk-led effort to cut federal workforce risks stifling labour market
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BIS warns politicians to rein in spending or risk market turbulence
Chief economist Claudio Borio says governments will be ‘too late’ if they wait for investors to panicFinancial Times - 1d -
Chanel hits lavish new heights in efforts to reignite Chinese market
Livered barges carried guests to floating stage on illuminated lake at Hangzhou end-of-year show. Coco Chanel was an ambitious woman, but even she could not have imagined the scale on which the ...The Guardian - 5d -
Elon Musk risks being 'political puppet master', says Nick Clegg
The former deputy PM turned top Meta boss tells Nick Robinson that Musk is playing an "outsized" role in US politics.BBC News - 5d -
Blackburn unveils 'DOGE Acts' to cut spending, freeze federal hiring and salaries
Sen. Marsha Blackburn (R-Tenn.) has unveiled her “DOGE Acts” to cut spending and freeze federal hiring, as well as salaries. “Senator Blackburn is planning to introduce a package of bills – known ...The Hill - 6d -
Vivek Ramaswamy and Elon Musk meet with Republicans to talk DOGE spending cuts
Elon Musk and Vivek Ramaswamy began swapping ideas in person with congressional Republicans about ways they could slash federal spending and regulations.NBC News - 6d -
Mike Johnson and Elon Musk tell US federal staff to get back to the office
Republican House Speaker backs billionaire entrepreneur’s government efficiency driveFinancial Times - 6d -
Effort to cut federal workforce takes aim at key US jobs engine
Government and healthcare have emerged as biggest source of American employment, particularly for knowledge workersFinancial Times - 6d -
Powell ‘not concerned’ over risks Trump will stifle Fed independence
US central bank chief says his institution has ‘broad support’ on Capitol HillFinancial Times - Dec. 4 -
German conglomerate BayWa to cut 16% of workforce amid reorganization
Yahoo News - Dec. 4
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