Cuts
Volkswagen says cost cuts not tariffs will protect Europe from Chinese EVs
VOLKSWAGEN (VW) said higher import tariffs for Chinese-made electric vehicles (EVs) in the European Union will offer only a short respite, with lower costs necessary to stay competitive over...
TikTok said to plan job cuts amid a wave of tech industry layoffs
TikTok is expected to make cuts to its global staff, in another blow for the popular social video app as it faces the threat of a new law that...
Tesla to make job cuts through June, leaving workers in limbo
TESLA workers are living in fear of the “Dear Employee” layoff email.
Job site Indeed cuts 8% of staff in second layoff in two years
INDEED plans to cut about 1,000 employees, or roughly 8 per cent of its workforce, the job-search website’s second culling in two years as it seeks to simplify its...
BOJ cuts bond buying in regular operation as yen stays weak
The Bank of Japan offered to purchase a smaller amount of government bonds in a regular operation on Monday (May 13) than it did on April 24 as it...
Asia’s aversion to rate cuts steers EM bond investors away
EMERGING Asian bonds may have less room to rally compared to their global peers as central banks in the region are unlikely to embark on aggressive interest-rate cuts.Inflation-adjusted yields...
Barclays cuts jobs in energy transition team it only just built
NOT even one of Barclays’ most prominent dealmaking pushes is being spared in the bank’s cost-cutting drive.
Six people are being cut from the team of more than 100...
Europe’s rush for rate cuts shifts global market power away from US
THE Bank of England (BOE) has sent a new signal that borrowing costs will fall earlier and further across Europe than in the United States, setting markets up for...
