Cuts

Asda is mandating head office staff to work on site at least three days a week, while also announcing job cuts to streamline operations and stabilize its market position. The changes, sent in an internal email by interim chief…

The union Unite has issued a stark warning to the UK Government over its controversial decision to cut winter fuel payments for millions of pensioners, threatening to pursue a judicial review if the policy is not reversed. The…

Breadcrumb Trail LinksPMN BusinessThe Federal Reserve and many rich-world peers are widely expected to lower interest rates again in the coming week, right after a US presidential election that may not be decided yet.Author of the…

As expected in our event guide, the The Bank of Canada (BOC) cut overnight interest rates by 50 basis points from 4.25% to 3.75%. In October. This is the fourth consecutive reduction in interest rates since June. In its statement, the…

NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya's (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new…

This is the takeaway from today's morning briefing, and what you can do subscription Received in your inbox every morning with:The bullish euphoria that came from the prospect of a quick return to neutral interest rates after the Fed's…

In a unanimous decision and as markets expected, ECB members cut key interest rates by 25 basis points as of October 23:the Deposit rate It is now down to 3.25% the Prime refinancing rate I will retreat to 3.40% the Marginal lending…

Nestlé again lowered its forecast for 2024 and reshaped its executive team on Thursday as the global food giant reported lower sales during the first nine months of the year. The Swiss group, whose brands range from Nespresso coffee…

Breadcrumb linksBMN BusinessEgypt appears set to wait until next year to make its first interest rate cut since 2020, as it faces an unexpected acceleration in inflation and fears of a broader conflict in the Middle East.Article…

Investing.com -- Most Asian currencies fell on Tuesday, while the dollar held steady at its highest level in more than two months amid continued bets that the Federal Reserve will cut interest rates at a slower pace. Comments made by…