Cuts

Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs -…

Bank of England Governor Andrew Bailey has warned that the recent increase in employers' National Insurance contributions could create uncertainty about future interest rate cuts. Addressing MPs on the Treasury Select Committee,…

This month, electric car maker Tesla joined the small but prestigious trillion-dollar club, companies with a market capitalization of more than $1 trillion. However, this assessment has no direct relation to Tesla's usual…

Federal contractors should expect "massive reductions" in what they can charge once President-elect Donald Trump's government's efficiency drive begins, according to businessman Vivek Ramaswamy, who will co-lead the initiative with…

US stocks fell on Thursday as the post-election rally stalled further and investors took stock of comments from Federal Reserve Chairman Jerome Powell, who said in a speech that the central bank did not need to “rush” to cut interest…

In its latest report on Israel, JPMorgan lowered the country's growth forecasts for 2024 and 2025. The US investment bank expects GDP growth of 0.5% in 2024, down from its previous forecast of 1% and 3.3% in 2025, down…

Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he…

The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee…

Bitcoin (BTC), the leading cryptocurrency by market capitalization, rose to a new all-time high of $76,800, supported by the recent US decision. Presidential elections Which saw Donald Trump get another term in the…

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…