eBay to slash 1,000 jobs, scale back contracts
(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, our overall…
Exclusive-Lebanon to slash official exchange rate from Nov. 1, finance min says
By Laila Bassam, Timour Azhari and Tom Perry BEIRUT (Reuters) – Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate…
U.S. climate envoy Kerry calls for ramp-up in financing to slash methane emissions
By Valerie Volcovici WASHINGTON (Reuters) – Countries need to ramp up spending dedicated to cutting methane emissions in order to rapidly slash greenhouse gases and meet global climate goals, John Kerry, U.S.…
Italy to slash 2023 growth forecast to just above 0.5%, sources say
By Giuseppe Fonte ROME (Reuters) – Mario Draghi’s outgoing Italian government is preparing to cut its growth estimate for 2023 to just above 0.5% as the energy crisis weighs on the euro…
Boeing to slash nearly 150 finance jobs in U.S
(Reuters) – Planemaker Boeing Co said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources into…
Battery startup ONE aims to slash cell cost, deliver 600-mile range
By Paul Lienert (Reuters) – Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to 600 miles…
Finland to slash electricity tax over winter, subsidise bills
By Essi Lehto and Anne Kauranen HELSINKI (Reuters) -Finland on Thursday slashed value-added tax on electricity to 10% from 24% over the winter and said it would pay more subsidies to those…
Analysts slash platinum and palladium forecasts amid global slowdown: Reuters poll
By Ashitha Shivaprasad and Peter Hobson (Reuters) – Analysts and traders have sharply lowered their price forecasts for platinum and palladium as a global economic slowdown reduces demand, a Reuters poll showed…
Amarin to slash jobs as generic rivals dull U.S. prospects of heart drug
(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 States. About…
Ford may slash ad spending, revamp dealers to boost EV profit, CEO says
By Paul Lienert and Ben Klayman (Reuters) – Ford Motor Co needs to overhaul its century-old business model – from slashing advertising spending to reworking its dealer network – if it is…
Russia to slash rates by year-end as rouble recovers
(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates amid a…
Honda to slash production by 50% at domestic plant in early May
TOKYO – Honda Motor Co is planning to cut production by about 50% on two lines of one of its domestic factories in early May due to chip shortages and COVID-19 lockdowns,…
Velodyne says founder David Hall and wife Marta slash stake to about 10%
– Sensor maker Velodyne Lidar Inc said on Monday founder David Hall and wife Marta Hall have cut their stake in the company to 10.1% from 42.9%. David Hall also reported that…
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and…
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