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…
Russian central bank sees room for rate cut -policymaker to Interfax
(Reuters) – Russia’s central bank sees room for an interest rate cut as weekly inflation is slowing, Deputy Governor Alexei Zabotkin said on Thursday, Interfax new agency reported. It will present new…
China seen holding medium-term rate steady Friday, RRR cut seen more likely- Reuters poll
SHANGHAI/BEIJING – China’s central bank is set to step up monetary easing efforts, but a vast majority of market participants in a Reuters poll conducted on Thursday believe the central bank may…
U.S. pushes U.N. to cut N.Korea oil imports, ban tobacco, blacklist Lazarus hackers
By Michelle Nichols UNITED NATIONS – The United States is pushing the U.N. Security Council to further sanction North Korea over its renewed ballistic missile launches by banning tobacco and halving oil…
Novartis to cut thousands of jobs in global revamp – paper
ZURICH – Swiss drugmaker Novartis will cut thousands of jobs worldwide as it combines its pharma and oncology businesses in a reorganisation announced last week, Swiss newspaper Tages-Anzeiger reported on Tuesday, citing…
Rio Tinto got Rusal shipment weeks after vowing to cut Russia ties-data
By Joe Bavier, Clara Denina and Helen Reid JOHANNESBURG – Rio Tinto Ltd received an alumina shipment from Russia’s Rusal in late March, weeks after saying it was severing ties with Russian…
Invesco to cut stake in India’s Zee by more than a third to 11%
MUMBAI – U.S. investment firm Invesco is set to cut its holding in India’s Zee Entertainment by more than a third to 11%, it said on Wednesday, days after abandoning an attempt…
Bolsonaro holds off on fresh industrial tax cut pending court review -sources
BRASILIA – Brazilian President Jair Bolsonaro has decided against an additional cut in the IPI industrial tax because of questions about the legality of the measure, according to two sources from the…
Spain’s 2021 budget gap narrows more than expected, further cut seen
MADRID – Spain’s budget deficit narrowed to 6.76% of gross domestic product last year from over 10% in 2020, beating forecasts from international organisations and the government, which expects a further reduction…
Australia’s Qantas aims to cut carbon emissions 25% by 2030
By Jamie Freed SYDNEY -Qantas Airways Ltd plans to reduce carbon emissions by about 25% by 2030, in part by boosting sustainable aviation fuel to 10% of its fuel mix and increasing…
ECB tells banks to cut lending to indebted borrowers after binge
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns south or…
Ship engine makers cut ties with Russia as maritime trade pressure grows
By Jonathan Saul LONDON – Finland’s Wartsila, a leading ship engine maker, has suspended business with Russia including equipment training while German counterpart MAN Energy Solutions is reviewing contracts, adding further trade…
Farm equipment makers cut pre planting season production as U.S. inflation bites
By Bianca Flowers – Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits for his North Dakota-based firm Amity Technology.…
U.S. to sell more LNG to Europe to help it cut dependence on Russia – Biden
BRUSSELS – The United States will supply more liquid natural gas (LNG) to the European Union to help it reduce its reliance on gas supplies from Russia, President Joe Biden said on…
Aegon sells Hungarian arm to VIG, acts to cut debt
– Aegon has completed the sale of its Hungarian arm to Vienna Insurance Group (VIG) for 620 million euros ($682 million), the Dutch insurer said on Wednesday. Aegon had announced the 830…
Business Groups File Legal Challenge Against Oregon Over Climate Plan Forcing 90% Emissions Cut
Business Groups File Legal Challenge Against Oregon Over Climate Plan Forcing 90% Emissions Cut Thomas Catenacci on March 22, 2022 A coalition of a dozen Oregon business groups filed a legal challenge…
Italian study shows ventilation can cut school COVID cases by 82%
ROME – An Italian study published on Tuesday suggests that efficient ventilation systems can reduce the transmission of COVID-19 in schools by more than 80%. An experiment overseen by the Hume foundation…
Brazil tax cut for ethanol, sugar, soy oil imports to have little impact -analysts
By Roberto Samora SAO PAULO – Brazil’s recently announced tax cut for ethanol, sugar and soy oil imports should have little impact on trade deals in the short term and was driven…
UK’s Sunak says his priority is to cut taxes
LONDON -British finance minister Rishi Sunak said on Friday his priority was now to cut taxes having already taken measures to tackle the huge hole in the public finances caused by his…
IEA urges reduced transport to cut oil use amid supply crunch
By Noah Browning LONDON -The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a 10-point plan to cut oil use as…
Ukraine crisis could cut 1% off global growth this year – OECD
PARIS – The Ukraine crisis could knock more than a percentage point off global growth this year and add two and a half percentage points to inflation, the OECD estimated on Thursday,…
Brazil unveils plan to cut taxes on forex transactions by 2029
BRASILIA – Brazil’s government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part of an effort to join the Organization…
Ex-PBOC adviser expects China to cut rates further – China Securities Journal
SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on Monday, citing…
Yellen says gas tax cut among options to ease higher costs at the pump
By David Lawder DENVER – A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding she was…
Honda to cut production by 10% in two factories
TOKYO – Japan’s Honda Motor will reduce factory production by about 10% in two domestic plants through the end of March, it said on Thursday, citing the global microchip shortage and geopolitical…
BlackRock’s Fink says Russia essentially cut off from global capital markets
– Russia has essentially been cut off from global capital markets as western companies and investors increasingly shun doing business in the country following its invasion of Ukraine, BlackRock Inc CEO Larry…
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