Browsing Tag
Cuts
Kohl’s cuts annual forecast after inflation hit
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NEW YORK — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation.
The reduction,…
Goldman Sachs cuts US economic forecast after Joe Manchin rejects Build Back Better
The Wall Street firm told clients Sunday it no longer assumes President Joe Biden's signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat's announcement that he's a "no" on the $1.75…
What cost of living crisis? Tory hopefuls’ fuss over tax cuts is devoid of reality
By the time the Conservative party gets around to electing a new leader, Britain will either be in recession or perilously close. The cost of living crisis will be entering a new, more painful phase with a fresh surge in energy bills. A…
Job cuts are rolling in. Here’s who is feeling the most pain so far
The dominos are starting to fall in the U.S. economy. As the Federal…
Italy’s TIM seeks up to 1,200 job cuts by early retirement scheme by November -sources
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara NardiRegister now for FREE unlimited access to Reuters.comRegisterMILAN, June 7 (Reuters) - Telecom Italia (TIM) (TLIT.MI) is seeking to cut up to…
Russia’s Gazprom cuts off Finland from gas supply amid NATO application
France Ambassador for International Investment Pascal Cagni discusses the French economy and energy independence. Russia has cut off Finland's natural gas after the Scandinavian country made clear its desire to join NATO and refusal…
U.S. cuts off Ethiopia, Mali, Guinea from Africa duty-free trade program
Tadele Abate, 37, weaves a fabric at the Sammy Ethiopia hand made garments, hand-woven textiles and basketry factory in Addis Ababa, Ethiopia, October 14, 2021. REUTERS/Tiksa NegeriRegister now for FREE unlimited access to…
Germans may have to ration hot water if Russia cuts off gas supply
Kissinger Associates vice chairman reacts to Biden blaming Russia for rising inflation and gas prices on 'The Claman Countdown.' Germany is hunkering down for the possibility of Russia cutting off natural gas supplies, and some…
Live news updates: Russia’s Gazprom cuts gas supply to Italy by 15%, Eni says
Whitbread’s like-for-like accommodation sales in the UK rose 21.% in the three months to June 2 compared with the same period in 2019 © Bloomberg
Whitbread’s sales have beaten expectations as the…