CHONGQING – Starting in October, project manager Andy Hong, who works at a state-owned technology company in Beijing, will have his salary cut by 4,000 yuan (S$740) or about 10 per cent.

Former President Donald Trump on Friday was in the middle of telling an arena full of diehard supporters what his favorite word in the dictionary is, when his mic abruptly cut off. Trump then ...

CVS Health Corp. faces continued challenges in its insurance business, prompting the company to shake up its management ranks in a bid to get back on track. Shares of the pharmacy and healthcare ...

After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are taking a more methodical, department-by-department approach to making cuts. Major firms including ...

China central bank chief flags more interest rate cuts Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China, on Sep 28, 2018. (Photo: REUTERS/Jason Lee) ...

Oct 16 (Reuters) - Goldman Sachs GS.N said on Wednesday it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from November 2024 through June 2025 ...

The decision to cut its corporate headcount and to close its Shanghai outfit was driven by market conditions, according to the person with knowledge of the matter. It is unclear how many corporate ...

Bassett Healthcare Network has eliminated 100 administrative jobs, officials with the Cooperstown, N.Y.-based system confirmed to local news outlets Oct. 17. The layoffs are part of cost-saving ...

Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would ...

The European Central Bank (ECB) reduced its interest rates on Thursday afternoon during its October meeting, marking the third consecutive cut since June. New interest rates have been set at 3.40% ...

Source: European Central Bank By The New York Times By Eshe Nelson The European Central Bank cut interest rates on Thursday for the third time in about four months, as inflation in the eurozone ...

Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary. By Andrew Duehren Andrew Duehren covers tax policy in Washington.