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

LVMH is cutting 10% of the workforce at its wine and spirits division, Moët Hennessy, as the group contends with slowing luxury demand, rising costs, and mounting global trade tensions. The job

1 month ago

World

Australian Dollar faces headwinds due to rising odds of RBA’s rate cut in May

The Australian Dollar remains under pressure amid expectations that the RBA will deliver another 25-basis-point rate cut in May. Chinese Foreign Minister Wang Yi emphasized that dialogue is essential for resolving US-China

1 month ago

World

Global trade war forecast to cut NZ’s economic growth by more than half

Infometrics chief forecaster Gareth Kiernan. Photo: RNZ / Rebekah Parsons-King The global trade war is forecast to cut New Zealand’s economic growth by more than half from the end of the year.

2 months ago

World

WTO chief says ‘very concerned’ as tariffs cut into global trade | News

Global trade is expected to plummet this year in the wake of President Donald Trump’s tariff offensive, fuelling uncertainty that threatens “severe negative consequences” for the world, the World Trade Organization warned

2 months ago

World

Tariff Blitz Could Cut Down Global Trade By 3 Per Cent, Says Economist

As the global economy adjusts to rising protectionist measures, fresh concerns are emerging over the future of cross-border trade. A senior UN official warned that escalating tariffs introduced by the US could

2 months ago

World

UN Economist: US Tariffs May Cut Global Trade by 3%

“There will be shifting, I think, in supply chains, there will be a reassessment of global alliances. There will be geopolitical shifts and economic as well,” said Pamela Coke-Hamilton, head of the

2 months ago

World

Trump’s 104% tariffs could cut down China’s GDP growth by 2.4 percentage points, warns Goldman Sachs

An aerial view of Xiasha Container Terminal on a canal in Hangzhou in east China’s Zhejiang province (Pic credit: AP) US President Donald Trump‘s latest round of sweeping tariffs—now fully in effect—are

2 months ago

World

U.S. Dollar Declines Amid Federal Reserve Rate Cut Signals

The U.S. dollar experienced a decline on Thursday, influenced by the Federal Reserve’s recent indications of potential interest rate cuts later in the year. For further details on this development, you can

3 months ago

World

U.S. and global economic outlooks cut by OECD as Trump’s trade tariffs weigh on growth

Both U.S. and global economic growth is set to be lower than previously projected as President Donald Trump’s proposed tariffs on goods imported to the U.S. weigh on growth, according to the

3 months ago

World

Small businesses go global with digital accounts to lower costs, cut settlement time

Global account for global business To capitalise on the global e-commerce market—projected to soar to $7.9 trillion by 2030 — small businesses require a cross-border payment account that enables seamless transactions on

3 months ago

World

cut - Page 2

Bank of England poised to cut rates as fears grow over impact of Trump tariffs | Interest rates

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

Australian Dollar faces headwinds due to rising odds of RBA’s rate cut in May

Global trade war forecast to cut NZ’s economic growth by more than half

WTO chief says ‘very concerned’ as tariffs cut into global trade | News

Tariff Blitz Could Cut Down Global Trade By 3 Per Cent, Says Economist

UN Economist: US Tariffs May Cut Global Trade by 3%

Trump’s 104% tariffs could cut down China’s GDP growth by 2.4 percentage points, warns Goldman Sachs

U.S. Dollar Declines Amid Federal Reserve Rate Cut Signals

U.S. and global economic outlooks cut by OECD as Trump’s trade tariffs weigh on growth

Small businesses go global with digital accounts to lower costs, cut settlement time

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