You have searched for "cuts"

Showing 1-10 of 15000

Sort by: Newest | Oldest | Relevance

Business 02 Mar 2013 | 12:00 AM

U.S. lurches into new budget crisis, spending cuts imminent

WASHINGTON: The United States lurched into a new budget crisis on Friday as President Barack Obama and Republicans failed to agree on stopping broad spending cuts that could dampen economic growth and curb military readiness.

World 02 Mar 2013 | 12:00 AM

Obama orders $85 billion spending cuts, blames Republicans

WASHINGTON - President Barack Obama reluctantly ordered an $85 billion austerity drive Friday that could slow the US economy and slash jobs, after blaming Republicans for refusing to stop the "dumb" spending cuts.

Business 02 Mar 2013 | 12:00 AM

Obama presses Congress for deal to end U.S. spending cuts

WASHINGTON: Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities across the United States.

Markets 07 Jan 2019 | 10:34 PM

Oil prices rise on trade talk optimism, Opec cuts(Update)

SINGAPORE: Oil prices rose on Tuesday on hopes that U.S.-Chinese talks in Beijing would bring a halt to trade disputes between the world's biggest economies, while OPEC-led supply cuts tightened markets.

Economy 07 Jan 2014 | 1:21 PM

UK finance minister wants more welfare cuts, sparks govt coalition row

Britain's finance minister announced major cuts to the country's future welfare spending on Monday, spelling out the next phase of a push to fix public finances and straining ties within the coalition government.

Business 08 Dec 2015 | 12:00 AM

More cuts at Barclays IB?

LONDON: Less than a week into his new job, Barclays Plc chief executive officer Jes Staley (pic) is mulling deeper cuts at the securities unit that could see an additional 20% of bankers lose their jobs, according to people with knowledge of the matter.

Business 24 Jun 2013 | 4:35 PM

Britain's Osborne reaches deal on spending cuts

LONDON: Chancellor George Osborne completed talks on Sunday with government departments aimed at securing spending cuts worth 11.5 billion pounds in 2015-16 to help reduce the country's budget deficit, the Treasury said.

AseanPlus News 13 Jan 2019 | 12:00 AM

Li: Tax cuts will support economic stability

SHANGHAI: China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying.

Business 29 Sep 2015 | 12:00 AM

Four US companies announce 40,000 job cuts

DALLAS: In the span of just 10 days, four major US companies announced plans for a whopping 40,000 job cuts. And this quarter is the worst since the recession with 79,000 total.

Microsoft 18 Jul 2014 | 4:54 PM

Microsoft announces 18,000 job cuts in reorganisation

Microsoft announced its biggest job cuts ever Thursday as new chief executive Satya Nadella called for a new focus at the US tech giant while integrating the Nokia phone division.