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Liz Truss is facing cabinet unrest over her plans for brutal public spending cuts across all departments after the disastrous mini-budget put major pledges at risk, including the pensions triple lock. The prime minister held a 90-minute cabinet meeting on Tuesday in which she warned ministers that “difficult decisions” lay ahead. The chancellor,
US banking giant JP Morgan Chase cuts ties with Kanye West BBC Source link
WASHINGTON — President Biden is reconsidering the US relationship with Saudi Arabia after the Riyadh-led OPEC+ cartel announced last week it will slash oil production by a total of 2 million barrels per day beginning next month. The US and the Middle Eastern nation have long been strategic partners, with Saudi Arabia America’s third-leading source […]
Saudi Arabia’s Minister of Energy Abdulaziz bin Salman at the OPEC and non-OPEC meeting on October 5, 2022. Vladimir Simicek/AFP via Getty Images hide caption toggle caption Vladimir Simicek/AFP via Getty Images Saudi Arabia’s Minister of Energy Abdulaziz bin Salman at the OPEC and non-OPEC meeting on October 5, 2022. Vladimir Simicek/AFP via Getty Images […]
BEIJING (AP) — Asian stocks were mixed Thursday after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices. Tokyo and Seoul advanced while Hong Kong and Sydney declined. Chinese markets were closed for […]
VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more.
Listen to article (2 minutes) A strong U.S. dollar is cutting both ways for companies across the globe. The dollar’s rise has caught investors’ attention, with many looking toward its effects on corporate revenue. A strong dollar can have adverse effects on U.S. corporations that sell goods overseas, denting exports by making those products less […]
Britain’s new government recently announced its biggest tax cuts since the early 1970s in an effort to kick start growth amid high inflation. The United Kingdom will cut payroll taxes, freeze a planned rise in the corporation tax, reduce taxes on home purchases, get rid . . .
TORONTO, Sept 29 (Reuters) – Royal Bank of Canada (RBC) cut about 10 jobs in its U.S. investment banking division last week, a spokesperson for the bank said in an email on Thursday. The cuts, which represent 1% of its U.S. investment banking division, were in line with “normal attrition” and the staff laid off […]
On Monday, Russia’s state-owned gas company Gazprom said it would cut flows through the Nord Stream 1 pipeline to Germany in half, to just 20% of its capacity. A US official said the move was retaliation for western sanctions, and that it put the West in “unchartered territory” when it comes to whether Europe will […]