Cuts
Analysts anticipate more interest rate cuts with ECB expected to start ‘dialling back’
WHILE the latest interest rate cuts by the European Central Bank (ECB) came largely in line with market expectations, analysts anticipate further reductions in the year ahead. The ECB...
Optica cuts ties with Huawei after secret funding exposed
THE Optica Foundation will no longer accept money from Huawei Technologies for a competition to fund cutting-edge research at United States universities, the group’s chief executive officer said, after...
Oil settles higher on hopes Fed will track European Central Bank rate cuts
OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest rates, spurring hopes that the Fed will follow suit,...
ECB to begin cuts but path beyond gets murkier
THE European Central Bank (ECB) is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.After being...
Bank of Canada cuts rates for first time in four years
The Bank of Canada (BOC) on Wednesday (Jun 5) trimmed its key policy rate by 25 basis points to 4.75 per cent, its first cut in four years, and...
Paramount seeks streaming partner, US$500 million in cost cuts
PARAMOUNT Global, the parent of CBS and MTV, is considering joint-venture options for its streaming service and has identified US$500 million in annual savings to boost profitability even as...
United Airlines cuts hiring plans for 2024 due to Boeing delays
UNITED Airlines will hire fewer-than-expected employees this year due to delays in aircraft deliveries from Boeing, a company executive said on Tuesday (Jun 4).
Kate Gebo, head of United’s human...
Google cuts at least 100 jobs across its cloud unit, CNBC reports
ALPHABET-OWNED Google is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday (Jun 3).Roles in sales, operations and engineering, consulting and...
