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Tag: cuts

Carmaker PSA cuts back on transfer of Polish workers to French plant

FILE PHOTO: The logo of French car manufacturer Peugeot is seen at the 33th Auto Zurich Car Show in Zurich, Switzerland, Oct. 31, 2019. REUTERS/Arnd Wiegmann/File Photo PARIS (Reuters) – …

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Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt

FILE PHOTO: The logo of Swiss logistics group Kuehne + Nagel is seen at its headquarters in Schindellegi, Switzerland October 17, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Freight-forwarder Kuehne+Nagel (KNIN.S) …

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Ray-Ban maker EssilorLuxottica to scrap dividend, eyes cost cuts

FILE PHOTO: Sunglasses from Ray Ban, a Luxottica owned brand, are on display at an optician shop in Hanau, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach/File Photo PARIS (Reuters) – Oakley …

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Trump cuts WHO funding over coronavirus, global toll mounts

WASHINGTON/SYDNEY (Reuters) – U.S. President Donald Trump on Tuesday halted funding to the World Health Organization over its handling of the coronavirus pandemic, drawing condemnation from infectious disease experts as …

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OPEC, allies to confer on Sunday to try to end standoff over cuts plan: sources

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC). Vienna, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo DUBAI (Reuters) – OPEC and its allies will hold …

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United Airlines drastically cuts California flights to match demand

FILE PHOTO: A United Airline Airbus A320-200 aircraft lands at O’Hare International Airport in Chicago, Illinois, U.S., April 11, 2017. REUTERS/Kamil Krzaczynski CHICAGO (Reuters) – United Airlines Holdings Inc said …

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Tesla cuts contractors from California, Nevada factories: CNBC

FILE PHOTO: The view of Tesla Inc’s U.S. vehicle factory which was open for business on March 18, despite an order by the Alameda county’s sheriff’s office to comply with …

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Fed cuts rates and NYC, LA close restaurants to fight coronavirus

WASHINGTON (Reuters) – With panic buying on Main Street and fear-driven sell-offs on Wall Street, the U.S. Federal Reserve cut interest rates to near zero on Sunday in another emergency …

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OPEC cuts deal falls apart as Russia resists, sending oil into tailspin

VIENNA (Reuters) – A three-year honeymoon between OPEC and Russia descended into acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak of coronavirus …

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Oil dips on weaker Chinese demand, traders await OPEC+ cuts

LONDON (Reuters) – Oil prices dipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join …

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Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

LONDON (Reuters) – Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC …

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IMF cuts global growth forecasts as India falters, says bottom may be near

WASHINGTON (Reuters) – The International Monetary Fund on Monday trimmed back its 2020 global growth forecasts due to sharper-than-expected slowdowns in India and other emerging markets but said a U.S.-China …

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U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials …

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Oil edges lower amid doubts over OPEC cuts

TOKYO (Reuters) – Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. …

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FCA-PSA tie-up must be ‘merger of equals’ with no job cuts: UILM trade union

ROME (Reuters) – A possible tie-up between Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) must be a “merger of equals” that leads to no job losses in Italy, Italian …

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Oil holds steady as Russia reaffirms commitment to output cuts

TOKYO (Reuters) – Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production …

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Thyssenkrupp CEO announces sweeping job cuts

FILE PHOTO: Martina Merz, supervisory board chairwoman of German steelmaker ThyssenKrupp AG, who is set to replace outgoing CEO Guido Kerkhoff on an interim bases is pictured at the company’s …

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Domino’s cuts cost outlook after third-party delivery hit

(Reuters) – Domino’s Pizza (DPZ.N) surprised investors by resetting its long-term growth goals on Tuesday and said it would cut costs and investment this year as it battles the growing …

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