Nissan Motor, Japan’s third-largest automaker, unveiled a $2.6 billion cost-saving plan on Thursday, which includes 9,000 job cuts and a 20% reduction in global production capacity in response to declining sales in
Nissan Motor, Japan’s third-largest automaker, unveiled a $2.6 billion cost-saving plan on Thursday, which includes 9,000 job cuts and a 20% reduction in global production capacity in response to declining sales in
Local media reported on Tuesday that China may raise an additional 6 trillion yuan ($850 billion) from special treasury bonds over three years to stimulate a sagging economy. The Caixin Global report,
The Bank of England (BoE) has decided to maintain its interest rates at their current levels while extending its quantitative tightening (QT) program, which aims to reduce its bond holdings. This cautious
KeyCorp, a central regional bank, has announced the sale of nearly $7 billion in low-yield investments. This strategic move aims to enhance the bank’s profitability and position it for more robust financial
The United States Postal Service (USPS) is undertaking a significant overhaul to save $30 billion over the next decade. This ambitious plan involves a series of operational changes, including adjustments to delivery
In a surprising move that has sent ripples through the automotive industry, Tesla has halted orders for its most affordable Cybertruck variant. The electric vehicle (EV) pioneer has instead prioritized producing and
New Delhi, India – In a groundbreaking deal set to reshape the global telecommunications landscape, Bharti Global, the international investment arm of Indian conglomerate Bharti Enterprises, is poised to acquire a significant
The US banking industry, once flush with profits thanks to rising interest rates, is now facing a period of financial strain. Two key factors pressure bank earnings: lower interest rate payments on
Coca-Cola, the world’s largest beverage company, is optimistic about the year ahead. On Tuesday, April 30th, 2024, the company announced an upward revision to its annual sales forecast, citing strong global demand
In the United States, spot bitcoin exchange-traded funds have yet to be approved, but analysts expect approvals to come sooner rather than later. One of the critical reasons for that optimism is