Business
Chip firm ASML to slash 1,700 jobs and posts record profit for 2025 thanks to AI boom
Dutch semiconductor chip machine maker ASML recorded a record net profit of 9.6 billion euros ($11.5 billion) in 2025 on sales of 32.7…
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India to slash tariffs on cars to 40% in trade deal with EU: sources
India plans to slash tariffs on cars imported from the European Union to 40 per cent from as high as 110 per cent, sources said, in the…
News
EU to slash asylum cases from 7 nations deemed safe
The European Union on Thursday said it would drastically reduce asylum claims from seven nations in Africa, the Middle East and Asia by…
Fashion
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units Spain’s largest…
News
Half the Country Sues Trump for Using Shutdown to Slash SNAP Funding
Nearly two dozen states are suing the Trump administration for failing to salvage SNAP benefits amid the ongoing government shutdown.…
Business
Target to Slash 1,800 Corporate Jobs
Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions. The…
News
America Must Slash Red Tape to Make Nuclear Power Great Again
The Nuclear Regulatory Commission decisively failed under the Biden administration. Source link
Business
China’s Comac said to slash delivery targets for its C919 jet
The Chinese aircraft maker is seeing bottlenecks in virtually all key parts of its supply chain, hampering its ability to produce jets at…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
News
White House to slash $4.9 billion in foreign aid identified as 'wasteful'
President Trump is slashing $4.9 billion in congressionally approved foreign aid funding through a rarely-used budgetary maneuver known as…
News
Hedge funds slash bullish oil bets as concerns of a glut grow
Hedge funds cut their bullish stance on US oil to the lowest since mid-April as rising US crude inventories and Organization of the…
News
South Korea scrambles to match Japan's trade deal with Trump, slash U.S. tariffs to 15% or lower
Japan's major trade deal with President Trump is heaping pressure on South Korea to strike its own agreement to stave off sky-high tariffs…
News
Supreme Court allows Trump to slash Education Department
The Supreme Court allowed President Trump on Monday to move ahead with mass firings and deep cuts at the Education Department, setting…
Business
Glassdoor and Indeed layoffs: Job sites slash jobs amid shift toward AI
Yet another company is reducing its workforce amid a broader shift toward artificial intelligence. Recruit Holdings, which owns the online…
News
Japan’s carmakers slash export prices to US to offset tariff hit
While Japanese automakers have announced some price increases, the country’s strategy of not raising prices too much has shown up in other…
News
French police slash inflatable migrant boat heading to UK
Amid chaotic scenes, French police waded into shallow waters off a beach south of Boulogne early on Friday morning and used knives to…
News
Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts
Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump's…
News
Elon Musk is leaving the Trump administration after leading effort to slash federal government
Elon Musk said Wednesday that he is leaving his role as a special government employee for the Trump administration, a move that was…
News
Anti-Islam lawmaker Geert Wilders unveils a 10-point plan to slash migration in the Netherlands
Far-right Dutch lawmaker Geert Wilders announced a 10-point plan Monday that aims to radically slash migration, including using the army…
News
Japan aims to slash stockpiled rice prices to 2,000 yen per 5kg: farm ministry
Japan aims to drastically cut stockpiled rice prices to 2,000 yen (S$18) per 5 kg and speed up getting rice onto shop shelves as consumers…
Business
Slash uses AI to build custom banking tools for niche industries
A fintech company called Slash offers business banking accounts tailored to the needs of specific kinds of entrepreneurs. Slash provides…
Fashion
Big Four accounting firm PwC to slash about 1,500 jobs in the US
Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson said on Monday (May 5). The…
News
Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday…
Business
Intel delivers disappointing forecast, moves to slash jobs
Intel, the chipmaker attempting a comeback under new chief executive officer Tan Lip-Bu, gave a weak forecast for the current period and…