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…
BNPL firm Sezzle to cut 20% of its jobs in North America, shares jump
– Sezzle Inc said on Thursday it will cut 20% of its positions in North America, and likely take about $0.5 million in one-time cash charges in fiscal year 2022, sending shares…
Recent surge in energy costs to cut Italy 2022 GDP by 0.7 points – ISTAT
ROME – The recent surge in energy prices will reduce Italy’s economic growth this year by around 0.7 percentage points, national statistics institute ISTAT estimated on Wednesday. In its monthly economic bulletin…
Credit Suisse faces investor call to cut lending for fossil fuels
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel assets. “The…
Explainer-Will Big Tech cloud companies cut off Russia?
By Danielle Kaye, Paresh Dave and Jeffrey Dastin NEW YORK – Ukraine has urged cloud-computing and software giants including Microsoft Corp and SAP SE to cut off Russia to stop Moscow’s invasion.…
Western Companies Are Happy To Cut Ties With Russia, But Stay Silent On Uyghur Genocide
Western Companies Are Happy To Cut Ties With Russia, But Stay Silent On Uyghur Genocide Ailan Evans on March 5, 2022 Western businesses have exited Russia in droves since the country’s invasion…
Visa to cut consumer credit fees for U.S. small businesses by 10% – document
– Visa Inc will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according to a…
Investors warn of unintended consequences as companies cut Russian ties
By Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion of Ukraine,…
Factbox-Companies cut Russia operations and trade as sanctions tighten
– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies that have…
UK PM Johnson says pressure building to cut Russia off from SWIFT
LONDON -British Prime Minister Boris Johnson said on Saturday that the world should cut Russia off from the global SWIFT payments system and said more countries supported such a move. “What you…
Phil Murphy’s administration has released 40% of inmates and is now threatening to cut 60% of prison staff over vaccine mandate
TRENTON, NJ – New Jersey Governor Phil Murphy isn’t done emptying the state’s prisons yet. After releasing over 2,000 convicted criminals under his emergency pandemic release program, the governor is making even…
Speculators cut net long US dollar bets in latest week
– Speculators cut their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the…
Russia should not be cut off from SWIFT at the moment – Germany’s Scholz
BERLIN – Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon at a…
Ukraine urges countries to cut Russia off from SWIFT payments system
KYIV – Ukraine’s foreign minister on Thursday urged countries to ban Russia from the SWIFT global interbank payments system – one of the toughest non-military sanctions the West could impose – to…
Carlsberg shuts Ukrainian brewery in Lviv after gas supply cut
COPENHAGEN – Carlsberg has shut its brewery in Lviv, western Ukraine, after supplies of natural gas to the brewery were cut, a company spokeswoman told Reuters. (Reporting by Jacob Gronholt-Pedersen; Editing by…
Czech president: Russia should be cut off from SWIFT
PRAGUE – Czech President Milos Zeman, who had in the past promoted warm relations with Moscow, said on Thursday Russia’s attack on Ukraine was “crime against peace” and required a response through…
ECB may need to cut short bond buys: Reinesch
FRANKFURT – The European Central Bank may need to end its bond buys sooner than earlier thought given mounting inflation risks, ECB policymaker Gaston Reinesch said, joining a growing number of rates-setters…
France can afford to cut business tax by 10-15 billion euros – minister
PARIS – France can only afford to cut business tax by another 10 billion to 15 billion euros without putting its public deficit reduction plans at risk, Finance Minister Bruno Le Maire…
UK retailers cut $10 billion of contracts from unethical suppliers – Barclays
LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their ethical and sustainability standards, according to a…
Tesla cut steering component from some cars to deal with chip shortage – CNBC
– Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter sales goals…
Ford to suspend or cut output at 8 of its factories due to chip shortage
SAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a…
‘Cut Off The Head Of The Snake’: Two Men Charged For Threatening To Kill Joe Biden
Two men have been charged with threatening to kill President Joe Biden, authorities announced Monday. Scott Ryan Merryman, 37, of Independence, Kansas, was arrested after allegedly calling police and informing them he…
U.S. Treasury likely to cut auction sizes, possibly for last time
By Karen Brettell – The U.S. Treasury Department is likely to keep cutting auction sizes when it gives its refunding estimates for the coming quarter next week, after ramping up issuance to…
Credit Suisse expects 50 bps cut in China’s first-half reserve requirement ratio
– Credit Suisse economists expect a further 50 basis point (bps) cut in China’s reserve requirement ratio (RRR) in the first half of 2022, given the Asian economy is starting to ease…
Explainer-The Fed is planning to cut its balance sheet. Here’s what we know
By Jonnelle Marte – The Federal Reserve is beginning to lay out the specifics of how it plans to cull the bond holdings amassed to bolster the U.S. economy during the pandemic,…
Gigi Sohn Biden’s FCC Pick Cut Sweetheart Deal With Broadcasters One Day After Nomination
Elliot Dordick on January 26, 2022 President Joe Biden’s nominee to the Federal Communications Commission (FCC), Gigi Sohn, cut a favorable deal with broadcasters shortly after she was nominated to the regulatory…
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