FRANKFURT – Deutsche Lufthansa’s Swiss business said on Tuesday it would cut about 2% of its flights scheduled between August and October because of labour shortages, strikes and rising COVID-19 …
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SAO PAULO – Volkswagen AG is set to cut working hours and wages at its Sao Bernardo do Campo factory in Brazil as it grapples with a lack of auto …
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DUBAI – Electric carmaker Tesla will reduce its salaried workforce by roughly 10% over the next three months, Chief Executive Elon Musk said on Tuesday. The cuts would amount to …
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LONDON – Businesses should do more to reduce prices in the coming months to help Britons struggling with rising inflation, the government’s cost of living tsar said, as a minister …
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House Dems Approve Massive Defense Budget Despite Calls To Cut Spending Micaela Burrow on June 16, 2022 The House Appropriations Subcommittee on Defense approved House Democrats’ personnel-focused $762 billion defense …
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By Madeline Chambers and Christoph Steitz BERLIN -Russia’s Gazprom on Wednesday announced a further cut in the amount of gas it can pump through the Nord Stream 1 pipeline to …
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(Reuters) – Real estate brokers Compass Inc and Redfin Corp said on Tuesday they will cut jobs as rising mortgage rates and the prospect of aggressive rate hikes eat into …
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(Reuters) -Stitch Fix Inc said on Thursday it is reducing its workforce by around 15% of salaried positions, as the online personalized styling service firm aims to return to profitability. …
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(Reuters) -Russia said on Thursday it did not expect Gazprom to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in …
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By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over a surge in inflation and …
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By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 …
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By William Schomberg LONDON – British shoppers facing a surge in inflation cut their spending in May by the most since the country was in a coronavirus lockdown in early …
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(Reuters) -Amarin Corp Plc said on Monday it would cut its workforce by 40%, as the drugmaker’s fish-oil derived heart drug faces stiff competition from generic rivals in the United …
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By Saqib Iqbal Ahmed NEW YORK -Speculators’ net long bets on the U.S. dollar fell to a five-week low, according to calculations by Reuters and U.S. Commodity Futures Trading Commission …
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(Reuters) – General Motors Co on Wednesday said it will sharply cut prices on its electric Chevrolet Bolt after the Detroit automaker had halted sales for six months following a …
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(Reuters) – The Biden administration on Tuesday said it would substantially reduce the cost of building wind and solar energy projects on federal lands to help spur renewable energy development …
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BRASILIA -Brazil’s government announced on Monday a new 10% reduction in the tax rate for import goods on a large part of products purchased abroad, aiming to reduce inflationary pressures. …
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SAO PAULO -The Brazilian Air Force has decided to cut its order for Embraer SA’s KB-390 military cargo planes to 15 aircraft from 22 previously, according to a report from …
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By Eric Onstad LONDON – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on …
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By Krishna N. Das and Aftab Ahmed NEW DELHI – Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances …
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By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG – A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a …
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BLM Cut Massive Checks for Co-Founder’s Brother, Father Of Her Child Harold Hutchison on May 17, 2022 Black Lives Matter paid hundreds of thousands of dollars to the brother of …
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By Nqobile Dludla JOHANNESBURG – South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and …
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By Tatiana Bautzer NEW YORK – Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment of higher interest rates, said …
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New Ad Claims Biden Can Cut Gas Prices By 30 Cents Per Gallon ‘With The Stroke Of A Pen’ Thomas Catenacci on May 9, 2022 A fossil fuel industry group …