Cuts
Japan’s Panasonic targets 10,000 job cuts worldwide
The figure represents around 4% of the firm’s total workforce of nearly 230,000Published Fri, May 9, 2025 · 05:20 PM[TOKYO] Japanese electronics giant Panasonic said Friday (May 9) it...
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
[LONDON] The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US...
Maersk cuts global container market outlook on tariff war
Maersk sees global container volume market in the range of 1% decline to growth of 4% this yearPublished Thu, May 8, 2025 · 03:18 PM[COPENHAGEN] AP Moller-Maersk, the Danish...
UBS cuts bond, loan sale outlook by US$235 billion on trade tumult
Published Thu, May 8, 2025 · 06:08 AM[NEW YORK] UBS Group lowered its forecast for US corporate debt issuance this year, citing volatility tied to US President Donald Trump’s...
Rivian cuts EV delivery outlook, sees tariff impact
[AUSTIN] Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President Donald Trump’s trade war will further dampen...
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
[WASHINGTON] The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across offices and divisions...
US Fed expected to pause cuts again and wait for clarity on tariffs
[WASHINGTON] The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how US President Donald Trump’s stop-start...
General Motors Cuts 2025 Profit Forecast as Tariffs Undercut $5 Billion, Plans US Expansion
The year 2025 has been a tumultuous one for the US auto industry, with changing trade policies causing significant upheaval, with General Motors (GM) coming under pressure with a...
