Business
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
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Business
$4B homebuilder KB Home: We may have cut Florida home prices too much
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. As ResiClub has…
Fashion
New Thai central bank chief’s arrival fuels bets of larger cut
The leadership transition at the bank also comes as the country sees its third government change in just over two years When Vitai…
Business
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years Lufthansa is expected to announce several thousand…
Fashion
Emma Chamberlain's Short Platinum Pixie Cut at Prada Spring 2026
Emma Chamberlain is proving her pixie cut is here to stay. The 24-year-old YouTuber and founder of Chamberlain Coffee arrived to Prada’s…
Business
Bosch to cut 13,000 jobs to bring down costs in tough autos market
Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Culture
Gary Shteyngart’s Tragicomedy of the Penis in “The Guy Who Got Cut Wrong”
Watch “The Guy Who Got Cut Wrong.” Gary Shteyngart was just seven years old when his family emigrated from the Soviet Union and settled in…
Business
Global funds cut holdings of Chinese bonds to lowest since 2021
Overseas investors also cut their exposure to negotiable certificate of deposits in August Overseas funds offloaded Chinese sovereign…
Business
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first…
Business
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal Reserve…
Business
Europe: Chip-led technology rally drive Stoxx 600 higher after Fed rate cut
EUROPEAN shares ended on Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the US Federal…
Business
US: Stocks end at record highs after Fed rate cut, Nvidia-Intel deal
US EQUITY indices finished at fresh records on Thursday following the Federal Reserve’s first interest rate cut of 2025 while Intel surged…
News
Workers across France strike over budget cut plans
Hundreds of thousands of workers are expected to take part in strike action across France on Thursday, after trade unions called for a day…
Business
Fed’s quarter-point rate cut does not signal a sustained easing cycle: analysts
Market watchers believe the US dollar could see near-term resilience while the recent gold rally could slow down Asia’s equities markets…
Business
Gold slips as US dollar gains after Fed rate cut, Powell comments
Gold prices extended losses on Thursday (Sep 18) due to an uptick in the US dollar after the US Federal Reserve cut interest rates by a…
Business
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve…
Business
Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise
Canada faces tariffs and duties from the US and China, two of its biggest trading partners The Bank of Canada reduced its key policy rate…
Business
US: Stocks end mixed as Fed rate cut sparks volatility
Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signalled it could enact two…
News
Republicans Cut Off Democrat Trying to Introduce Motion on Epstein
House Republicans wouldn’t even let their Democratic colleague finish reading a motion to subpoena Treasury Secretary Scott Bessent…
Fashion
Christopher Briney’s Gold-capped Boots Cut Through Black Tailoring at ‘The Summer I Turned Pretty’ Paris Photo Call
Christopher Briney leaned into statement hardware in Paris on Wednesday, arriving with Lola Tung for Prime Video’s “The Summer I Turned…
Business
Indonesia central bank delivers surprise rate cut to boost growth
Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing…
Business
US: Wall Street opens higher on rate cut expectations
Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve…
Business
Markets rally as the Fed meets to decide on what could be 2025’s first interest rate cut
An “everything rally” in markets greets the start of a two-day Federal Reserve meeting, with stocks at record highs, bond yields subsiding…