Tag: cuts
Three more UK interest rate cuts this year, predicts IMF
Vishala Sri-PathmaBBC business reporterGetty ImagesThe IMF predicts that the UK will have higher than expected inflation this year for the Bank of Eng [...]
Inside a Union’s Fight Against Trump’s Federal Job Cuts
Leaders of the union representing government workers say their battle is galvanizing but also alarming. “It’s insulting to say,” one said, “that we ar [...]
Forexlive Americas FX news wrap: ECB cuts rates and highlights downside risks
High risk warning:
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creat [...]
Trump Administration Proposes Sharp Budget Cuts for H.H.S.
An internal memo proposes carving out $40 billion from federal health agencies while eliminating dozens of programs. Congress has ultimate appropriati [...]
Dollar benefits from selling exhaustion, ECB cuts rates
The U.S. dollar rallied on Thursday after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened sl [...]
European Central Bank Cuts Rates Amid Tariff Uncertainty
Policymakers lowered rates a quarter point and said that the region’s growth outlook had “deteriorated” because of rising trade tensions.
www.nytimes [...]
Proposed SNAP cuts could pressure low-income shoppers and retailers
Shoppers at the Walmart Supercenter in Burbank in Burbank Thursday, Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesFor millions of l [...]
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 children by 4 [...]
Elon Musk’s DOGE Cuts and Their Moving Goal Posts
Why Elon Musk and his team have struggled to make the spending cuts they promised.
www.nytimes.com [...]
To Fight Federal Job Cuts, Energy Experts and States Try a New Argument
In letters to multiple agencies, the focus is on how job reductions at E.P.A., Interior and other agencies would hurt President Trump’s “energy domina [...]
DOGE Cuts Hobble Office That Would Aid NASA and SpaceX Mars Landings
The Astrogeology Science Center, which has helped astronauts and robots reach other worlds safely, is facing a substantial number of job reductions.
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UK Cuts Tariffs on Dozens of Products as Global Trade Tensions Rise
British officials also announced more financing for exporters as the country sought to protect firms hurt by tariffs.
www.nytimes.com [...]
US Social Security moves public comms to X amid DOGE-led job cuts — Report
The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommende [...]
Frontier Airlines cuts flights after travel demand fell in March
Frontier AirlinesNurphoto | Nurphoto | Getty ImagesFrontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due t [...]
Trump’s triple-digit tariff essentially cuts off most trade with China, says economist
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025.Nathan Howard | ReutersPresident Do [...]