Search result for Cuts
Germany is in a slump, so Berlin is getting ready for a fight over budget cuts.
For the first time in almost a decade, Europe's biggest economy has money problems, and it's up to three fighting parties to fix them.
Official numbers released Thursday show that Germany is now in a recession. During the first quarter of the year, the country's gross domest...
DAVID DAVIS: FOREIGN AID CUTS OF UK ARE UNLAWFUL AND IMMORAL
Highlights:
- David Davis said, foreign aid cuts of United Kingdom are immoral and unlawful
- David Davis said, United Kingdom had been unique among the G7 in planning the 42 percent cut
David Davis, who is the former Brexit secretary an...
ANA HOLDINGS INC. ANNOUNCES REDUCTION OF WORKFORCE BY 20 PERCENT
Highlights –
- ANA Holdings Inc. announces reduction of workforce by 20 percent.
- ANA plans to do so by the period of the next 5 years.
- The company expects its business to fall to 30,000 by March 2026.
- For fiscal 2021 the comp...
CHINA GOVT. PLANS TO IMPROVE EFFICIENCY AND QUALITY OF ITS FISCAL POLICIES
Highlights –
- China govt. plans to improve efficiency and quality of its fiscal policies.
- The Chinese govt. plans to normalize its implementation of the specified transfer payment mechanism.
- Around US$234.71 billion of fiscal 2020 fund...
IBM PLANNING TO CUT ABOUT 10,000 JOBS IN EUROPE
Highlights:
- The company IBM is planning to cut around 10,000 jobs in the continent of Europe
- The company is taking this step in an attempt for reducing the costs at its slow-growth services unit
The International Business Machines Co...
JAPAN’S JOB-TO-APPLICANT RATIO FELL TO ITS LOWEST IN JUNE
Highlights –
- Japan’s job-to-applicant ratio fell to its lowest in June.
- Due to the pandemic, more people were out of work.
- The unemployment rate in June fell to 2.8 percent.
- Around 740,000 people voluntarily left the...
SCHLUMBERGER PLANS FOR COST CUTS; RECORDS SECOND QUARTER LOSS
Highlights –
- Schlumberger plans for cost cuts; records second-quarter loss.
- The U.S oilfield service providers recorded a $3.7 billion charge.
- The company reported a net loss of $3.43 billion.
- The company’s stock was...
UNITED AIRLINES Q2 RESULTS: LOSES $1.63 BILLION, EARNS FROM CARGO UNIT
Highlights:
- The Q2 losses for United Airlines were predicted
- 36,000 United Airlines employees will lose their jobs as the federal aid to carriers end in October 2020
One of the hardest-hit industries due to the pandemic is the...
BRITAIN’S WELL-KNOWN RETAIL BRANDS FACE FURTHER JOB CUTS
Highlights –
- Britain’s well-known retail brands face further job cuts
- Britain’s health and beauty chain Boots and department store John Lewis faces job cuts.
- Britain reported around 5,000 fresh job cuts in the retail sect...
JAPAN FILM FEST IN USA CUT SHORT
HIGHLIGHTS
- Due to coronavirus epidemic, crowded theaters for the film fests can be risky.
- A digital edition is being planned for Japan Cuts, the largest festival of contemporary Japanese cinema in North America.
Japan Cuts, the large...
MAJOR UK COMPANIES SLASH THOUSANDS OF JOBS IN THE WAKE OF PANDEMIC
Highlights
- It is an attempt to reduce costs in the current economic circumstances
- The pandemic has forced the businesses into survival mode
The coronavirus pandemic has forced the businesses into survival mode. Britain'...
RENAULT ANNOUNCES CUTTING OFF 15,000 JOBS WORLDWIDE
Highlights –
- As a cost-cut plan due to pandemic, Renault to cut 15,000 jobs worldwide.
- Around 4,600 jobs will go to France.
- Six plants are under review for possible cuts and closure.
- The French firm plans to t...
BANK OF KOREA SAYS COUNTRY MIGHT FACE ECONOMIC SLUMP THIS YEAR
Highlights –
- BOK cut its policy rate by 0.5 percent.
- BOK forecasts a 0.2 percent on-year contraction in the economy.
- BOK also forecasts the country’s economy to rebound next year by 3.1 percent.
According to a...
IBM SACKS THOUSANDS OF EMPLOYEES AS NEW CEO LOOKS FOR REVIVAL
Highlights
• IBM will cut some salaries till October 31, as executives are told to take pay cuts of 20 to 25 percent
• IBM is moving majority of its resources to the cloud
• IBM is offering subsidized medical coverage to all affected U.S. employees til...
GET READY FOR ANOTHER GREAT DEPRESSION AS U.S. JOBLESS RATE GOES UP TO 14.7%
Highlights
• Nearly 20.5 million people lost their jobs in the month of April
• Over 33 million Americans have filed for first-time unemployment benefits in last seven weeks
• The U.S. government has announced COVID-19 relief package worth $3.1 trillio...
STOCK MARKET ALL TIME HIGH DESPITE COVID-19 – SOUTH KOREA
Highlights –
- Tuesday (KST) stock market hit an all-time high
- Possible interest rate cut likely to boost stock prices in the future
- Korea proposed an extra budget bill of $98.7 Billion on Wednesday to deal with coronavirus, and m...
DONALD TRUMP TO VISIT INDIA ON TWO-DAY TOUR
Highlights:
- Trump and the First Lady to in India on the 24 th and the 25 th of February
- Trade discussions to ensue to resolve issues and conflicts of the same
- India holds the olive branch out with offers of tariff cuts
Donald Trump will be...
Saudis Looking to Cut Global Oil Supply as Coronavirus [COVID-19] Threatens Demand:
According to sources the Saudis, in recent years, have always strived to maintain the oil prices above $60. With this year oil prices reducing by $11 a barrel and getting dragged down to $54/Barrell, it has alarmed most of the oil dependent economies. Now with the spread of Coronavirus [COVID-19]...
Major changes for the UND sports decade
Here are the five greatest athletics stories of the decade by the Herald:
Lamoureux twins deliver USA gold While many of the greatest stories of UND resonated throughout the state and the UND community, one transcended the globe.
Native Grand Forks and former UND hockey player...
Saudi Aramco IPO and Alibaba IPO performed well in the market apart from Uber IPO
Saudi Aramco’s IPO
In the beginning of December month Saudi Aramco’s IPO priced at the top end of its range, at value of $1.7 trillion.
The stock’s first day of trading directly made the company officially known as the Saudi Arabian...