Rodrick Cuts Budget 9% – No Municipal Tax Increase
On June 30th, Mayor Rodrick and the Toms River Township Council presented a budget for 2025 that has a 9% reduction in overall spending while maintaining a zero percent tax increase. The…
S.African central bank eyes digital rand to cut cross-border payment costs
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 few years…
BLM Cut Massive Checks for Co-Founder’s Brother, Father Of Her Child
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 the group’s…
S.Africa retailer Pick n Pay to cut $187 million in costs in 3 years
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 grow its…
Investors cut valuations of Latam startups -Creditas founder
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 Sergio Furio,…
New Ad Claims Biden Can Cut Gas Prices By 30 Cents Per Gallon ‘With The Stroke Of A Pen’
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 unveiled a…
Russian weekly inflation eases after rate cut
(Reuters) -Russia’s weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days after the central bank cut interest rates.…
Sanctions tighten screws on Russia’s Sovcomflot as ship insurers cut cover
By Jonathan Saul LONDON – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for…
Spain’s GDP growth slows to 0.3% in Q1 as Madrid readies cut to 2022 outlook
MADRID – Spain’s economy expanded 0.3% in the first quarter from the second, preliminary data showed on Friday, slowing down from 2.2% in the previous three months as Russia’s invasion of Ukraine…
Saudi Arabia may cut June crude prices to Asia from record highs
By Florence Tan and Muyu Xu SINGAPORE – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous…
Investment banks rush to cut yuan forecasts following rapid losses
SHANGHAI – Global investment houses have rushed to cut their yuan forecasts as China’s currency heads for its worst month in decades, with optimism souring amid a domestic economic slowdown and aggressive…
Amsterdam airport asks airlines to cut flights to avoid chaos
AMSTERDAM – Amsterdam’s Schiphol airport has asked airlines to cancel flights over the weekend to avoid chaos due to overcrowding at Europe’s third busiest airport, it said on Thursday. The airport said…
Sanders seeks to cut $10 billion funding proposal for new NASA lunar lander
By Joey Roulette and David Shepardson WASHINGTON – U.S. Senator Bernie Sanders asked lawmakers to delete language from a bill that would fund development of a new lunar lander for NASA, a…
Russia To Cut Gas Supplies To Poland, Bulgaria
Russia To Cut Gas Supplies To Poland, Bulgaria Thomas Catenacci on April 26, 2022 Russia is reportedly planning to halt all natural gas pipeline flows to Poland and Bulgaria, a significant escalation…
Pot producer Canopy to cut 250 jobs in profitability bid
(Reuters) – Canopy Growth Corp said it would lay off about 250 employees as part of a cost-cutting plan as the Canadian pot producer tries to achieve long-elusive profitability. Most Canadian marijuana…
Robinhood to cut its workforce by 9%
(Reuters) – Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which…
Ecuador’s president expects oil prices to cut its fiscal deficit
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able to sell a state-owned bank, President Guillermo…
Explainer-EU’s options to cut Russian oil imports – and their drawbacks
By Francesco Guarascio and Kate Abnett BRUSSELS – The European Union is considering options to cut imports of Russian oil as part of possible further sanctions against Moscow over its invasion of…
Nektar to cut over 500 jobs following cancer drug failure
(Reuters) – Nektar Therapeutics said on Monday it would lay off about 70% of its workforce, or more than 500 employees, after stopping the development of its key cancer drug earlier in…
Ukraine says Russia is targeting railways to cut arms supply routes
(Reuters) – Ukraine’s military command said on Monday that Russia was trying to bomb Ukraine’s rail infrastructure in order to disrupt arms supplies from foreign countries. “They are trying to destroy the…
Rising energy prices push almost half German companies to cut new investments – survey
BERLIN – Around 40% of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey showed on…
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned cuts come…
EU works to cut cost of Russia oil ban to win over sceptics – source
By Francesco Guarascio BRUSSELS – The European Commission is working to speed up the availability of alternative energy supplies to try to cut the cost of banning Russian oil and persuade Germany…
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the Wall Street Journal reported on Tuesday, citing…
China likely to lower benchmark lending rates after RRR cut – Reuters poll
SHANGHAI – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as Beijing cautiously eases monetary conditions to aid…
Analysts see less room for China rate cuts after ‘conservative’ RRR cut
SHANGHAI – The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central bank over inflation and U.S. monetary tightening,…
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