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Leaked State Department memo shows major budget cuts, but officials say it is not a done deal
The State Department is planning to close agencies, consulates and several U.S. diplomatic missions to advance President Trump's "America…
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Cuts
News
Backlash over 'distressing' cuts to adoption fund
Charities have criticised the government for cutting the amount of funding families in England can access to pay for therapy for adopted…
News
New Englanders Know the Trump Tax Cuts Need to Be Extended
Higher taxes and fewer jobs are not a recipe for economic growth. New Englanders will get both if Congress fails to extend the TCJA.…
News
Early alarm sounded for possible Medicaid cuts reducing opioid addiction treatment for the poor
Democrats warn that if Republicans cut Medicaid funding, particularly from the expansion population as the GOP has suggested is a target,…
News
Opec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd Opec slightly…
Business
Goldman cuts targets on China stocks for second time this month
The firm has long been bullish, often going against the tide during the market’s multiyear slump Strategists at Goldman Sachs cut their…
News
Antitrust chiefs counter proposed cuts as tech cases advance
Antitrust enforcers are pushing back against the impact of a broad, Justice Department-wide restructuring plan that would interfere with…
Culture
Women Make Movies’ Debra Zimmerman Slams U.S. Grant Cuts at Visions du Réel
U.S.-based non-profit Women Make Movies is one of thousands of organizations hit by President Donald Trump’s cuts to federal humanities…
Business
Barclays cuts rates on some mortgages to below 4%
Barclays has become the biggest UK lender so far to cut mortgage rates as the continued uncertainty caused by US tariff policy raises…
News
Republicans mull higher taxes on wealthiest Americans to pay for other cuts
Republicans are discussing whether to raise the top individual tax rate or create a new bracket for millionaires and billionaires to help…
News
UOB Kay Hian cuts Sats target price to S$2.89, downgrades it to ‘hold’ on likely tariff impact
Freight handler Sats might be hit by a potential slowdown in globalisation and decline in global trade volume as a result of the United…
Business
RBI cuts rates, changes stance to 'accommodative' as US tariffs add to growth risks
The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday (Apr 9) for a second consecutive time and changed its monetary…
Business
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs…
Business
Wall Street fears job cuts as dealmaking fizzles in trade war
Up and down Wall Street, executives are starting to come to terms with a new reality: Donald Trump is not delivering the long-awaited…
News
National Design Award Winners Discuss DOGE Cuts, Tariffs and Visas at Annual Gala
“Tariffs,” groaned one of the guests at Thursday night’s “House Party” for the Cooper Hewitt’s National Design Award winners, as he rolled…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Ad-Spending Forecaster Magna Cuts Growth Outlook, Citing Consumer Confidence
One of the advertising industry’s top forecasters has tempered its expectations for ad spending in the U.S., citing a foggy economic…
News
Spring Statement: Reeves to boost defence and confirm spending cuts
Joshua Nevett & Michael Race Political reporter & Business reporter Chancellor Rachel Reeves is to confirm a £2.2bn increase in defence…
Business
BlackRock shifts to US junk bonds with ECB set to slow rate cuts
BlackRock is taking advantage of recent outperformance in European credit markets to sell some junk bonds there and buy more in the US in…
News
Family in limbo after Trump's cuts to education civil rights team
When Rebecca, a 48-year-old mother from Michigan, needed help for her disabled son, she turned to the US Department of Education's Office…
Business
Thailand may yet embark on region’s most aggressive rate cuts
[BANGKOK, JAKARTA] The Bank of Thailand (BOT), which has long resisted interest-rate cuts despite immense political pressure, may end up…
Business
FedEx cuts profit outlook again amid mounting economic woes
FedEx lowered its full-year guidance for a third consecutive quarter as mounting economic uncertainty adds to sputtering demand already…
Business
Europe: Shares slip after global central banks flag economic uncertainty; Switzerland cuts rates
EUROPEAN shares closed lower on Thursday, after four sessions of gains, as investors booked some profits and assessed interest rate…
Business
Gold climbs to record high as Fed signals two rate cuts in 2025
Gold soared to a record high on Thursday (Mar 20), as the US Federal Reserve hinted at a possible easing of interest rates by half a…