News
Elon Musk Yanks SpaceX Program After Trump Threatens to Cut Contracts
“Chinese President Xi Jinping on Thursday held phone talks with U.S. President Donald Trump at the latter’s request,” China’s U.S. Embassy…
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DOGE cut federal IT contracts. Don’t count on the government to pick up the slack
The Department of Government Efficiency (DOGE) has wrapped up its cuts to federal job roles and completed its push against consulting…
Business
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 — The company will reduce headcount by more than 5,000…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
India central bank set to deliver third straight rate cut to lift growth
India’s central bank will likely cut interest rates for the third straight meeting to boost growth, with market watchers focused on the…
Business
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as…
Business
Citi to cut 3,500 tech jobs in China in global revamp
Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5),…
Business
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year,…
Business
Australia central bank pondered outsized rate cut in May, decided to be predictable
Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade…
Business
Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US…
Business
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
News
Big, beautiful bomb-throwers: GOP spending hawks threaten to sink Trump's tax cut bill
A group of Senate Republicans, led by fiscal stalwart Ron Johnson of Wisconsin, are prepared to torpedo President Trump's signature tax…
Business
Chinese-owned Volvo Cars to cut 3,000 white collar jobs
Sweden-based car maker Volvo Cars says it will cut around 3,000 jobs as part of its cost-cutting measures. The firm says the layoffs will…
Business
RBNZ set to make sixth rate cut and signal bias to more easing
New Zealand’s central bank is set to cut interest rates for a sixth straight meeting and signal it’s open to further easing as US trade…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
Culture
Sabotage suspected as power cut hits Cannes Film Festival
A power cut in southern France caused by suspected sabotage has disrupted screenings on the final day of the Cannes Film Festival. About…
News
Blinded by the light: House lawmaker wants Congress to cut LED glare from car headlights
Thousands of people gather on social media platforms to complain about the rise in ultra-bright headlights that can make oncoming drivers…
Culture
Nick Kroll Reveals the ‘Sick Little D—’ Scene in ‘Big Mouth’ That Netflix Asked to Be Cut: ‘It’s the Grossest Thing’
Just when you think coming-of-age animated series “Big Mouth” on Netflix couldn’t be any raunchier, co-creator and star Nick Kroll reveals…
News
Target mosquito parasites with drugs to cut malaria, study says
Mosquitoes should be given malaria drugs to clear their infection so they can no longer spread the disease, say US researchers. Malaria…
Business
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Westpac Banking Corp (Westpac) is planning to…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
Business
US: Wall St opens lower after Moody's rating cut; yields rise
Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating,…
Business
Newsom proposes $20-million funding cut for California newsrooms, citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing…
News
Indonesia eyes cut in fuel imports from Singapore as part of tariffs negotiations
Indonesia could shift as much as 60% of its total fuel imports from Singapore to the United States in the early stages Indonesia plans to…