(Reuters) -eBay Inc will cut about 1,000 roles, or an estimated 9% of its current workforce, the e-commerce retailer said on Tuesday. “While we are making progress against our strategy, …
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(Reuters) – U.S. department store chain Macy’s is cutting 2,350 jobs and closing five stores, as it aims to streamline its operations, a company spokesperson told Reuters on Thursday. The …
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FRANKFURT (Reuters) – Euro zone consumers have slashed their inflation expectations, a European Central Bank survey showed on Tuesday, in comforting news for the ECB’s efforts to contain prices. The …
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TRENTON, NJ – The New Jersey Legislature is considering a bill aimed at providing substantial tax relief to small businesses in the state. The proposed legislation, if enacted, will halve …
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PARIS (Reuters) -Renault said on Thursday it aims to cut the production costs of its cars by as much as 50% in the next four years including by increasing the …
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By Gilles Guillaume and Giulio Piovaccari PARIS (Reuters) – Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday …
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FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further decline is likely over the summer as lenders continue to …
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GOP Lawmakers Slash University’s Budget To Defund ‘Diversity’ Programs Reagan Reese on June 22, 2023 State Republicans will cut the University of Wisconsin’s budget by $32 million, the estimated total …
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By Kate Abnett BRUSSELS (Reuters) – The European Union should commit to slash its net greenhouse gas emissions by as much as 95% by 2040, official advisers said on Thursday, …
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By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation …
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BERLIN (Reuters) – German media group ProSiebenSat.1 said on Thursday it was replacing its chief financial officer and proposing slashing this year’s dividend as it announced a nearly 20% drop …
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BRASILIA (Reuters) – Brazil’s government is considering clarifying the size of each company’s tax benefits as part of a campaign to end tax exemptions and improve public finances, Finance Minister …
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Kevin McCarthy Unveils GOP Plan To Slash Federal Funding, Address Budget Jason Cohen on April 17, 2023 The House will vote on a bill to raise the debt ceiling through …
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(Reuters) – Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s …
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Amazon To Slash Another 9,000 Jobs Laurel Duggan on March 20, 2023 Amazon plans to cut another 9,000 jobs over the coming weeks due to concerns about economic uncertainty, according …
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(Reuters) – AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public …
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JACKSON TOWNSHIP, NJ – After another state budget presented by New Jersey Governor Phil Murphy included even more cuts to funding for Jackson Township schools, Mayor Michael Reina said he’s …
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Slash Your Meat Consumption To Help Gov’t Hit Climate Goals, Advisory Group Suggests John Hugh DeMastri on February 28, 2023 Danish citizens should reduce their meat consumption by two-thirds and …
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SHANGHAI (Reuters) – A growing number of listing applicants on the Beijing Stock Exchange are slashing the floor prices of their planned initial public offerings (IPOs), as the pandemic-hit companies …
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TORONTO (Reuters) – Canadian economic activity contracted in December at the sharpest pace since the early stages of the COVID-19 pandemic as firms worked to reduce their stock of inventories, …
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EXCLUSIVE: Rep. Chip Roy Unveils Amendments To Slash Green, Woke Handouts In Congress’ Massive Spending Bill Jack McEvoy on December 22, 2022 Republican Rep. Chip Roy of Texas on Thursday …
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Goldman Sachs Will Slash Workforce, Cut Back On Bonuses For Underperformers: REPORT John Hugh DeMastri on December 16, 2022 Goldman Sachs is planning to cut thousands of employees and potentially …
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(Reuters) – Twitter owner Elon Musk tweeted on Monday that Twitter’s Basic blue tick will have half the number of advertisements and the social media platform will offer a higher …
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Putin Threatens To Slash Oil Production, Starve European Countries Of Fuel Jack McEvoy on December 9, 2022 Russian President Vladimir Putin said Friday that his nation may cut crude oil …
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(Reuters) – Billionaire Elon Musk’s bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the U.S. automaker’s stock to replace some of the …