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Rate rage returns: Trump demands ‘a full point’ rate cut from Fed, Wall Street cheers as jobs data signals resilience

US President Donald Trump launched a sharp attack on Federal Reserve Chair Jerome Powell on Friday, calling him “a disaster” and demanding an immediate one percentage point rate cut to slash borrowing

9 months ago

World

Citi plans to slash 3,500 tech roles in China as global banks cut costs

HONG KONG, CHINA – 2024/06/07: Pedestrians walk past the American multinational investment bank, Citibank or Citi, branch in Hong Kong. Sebastian Ng | Lightrocket | Getty Images Citigroup said Thursday it plans

9 months ago

World

Cost cuts tighten: P&G plans to cut 7,000 jobs globally; tariff burden, consumer anxiety drive restructuring

With demand softening and input costs rising, the consumer goods giant looks to streamline operations and exit select markets in the coming years. Procter & Gamble plans to lay off as many

9 months ago

World

Layoffs in 2025: Google, Microsoft, Intel in 284 technology companies that cut jobs in first 5 months of the year

The tech industry continues to be rocked by significant workforce reductions, with over 62,000 employees laid off across 284 companies in the first five months of 2025 alone as reported by Trueup.

9 months ago

World

RBA minutes confirm May rate cut driven by caution amid global trade turmoil

Central bank weighed 50bp move but opted for steady path; signals flexibility if global conditions worsen The Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points to

9 months ago

World

Australia lowers interest rates to 3.85%, second cut this year

The Reserve Bank of Australia (RBA) lowered its benchmark interest rate by a quarter of a percentage point for the second time this year, bringing the cash rate down to 3.85%. This

10 months ago

World

Google has cut about 200 staff in global business unit: The Information

(Reuters) -Alphabet (GOOG, GOOGL)-owned Google on Tuesday cut about 200 jobs across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with

10 months ago

World

Nissan to cut 11,000 more jobs and shut seven factories

Mariko Oi & Tom Espiner Business reporters, BBC News Getty Images Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the

10 months ago

World

Google layoffs: Around 200 staff cut in global business unit

Google on Tuesday cut about 200 jobs across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation.

10 months ago

World

200 Employees Cut in Globally

Google has laid off about 200 employees in its global business unit responsible for sales and partnerships. The Information reports with reference to a knowledgeable source. The cutbacks come amid a trend

10 months ago

World

LVMH to cut 10% of Moët Hennessy staff amid global luxury slowdown and trade tariffs

Rate rage returns: Trump demands ‘a full point’ rate cut from Fed, Wall Street cheers as jobs data signals resilience

Citi plans to slash 3,500 tech roles in China as global banks cut costs

Cost cuts tighten: P&G plans to cut 7,000 jobs globally; tariff burden, consumer anxiety drive restructuring

Layoffs in 2025: Google, Microsoft, Intel in 284 technology companies that cut jobs in first 5 months of the year

RBA minutes confirm May rate cut driven by caution amid global trade turmoil

Australia lowers interest rates to 3.85%, second cut this year

Google has cut about 200 staff in global business unit: The Information

Nissan to cut 11,000 more jobs and shut seven factories

Google layoffs: Around 200 staff cut in global business unit

200 Employees Cut in Globally

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