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US Congress Passes Funding Bill To Avert Government Shutdown
The United States averted a government shutdown with hours to spare Friday as lawmakers already reeling from President Donald Trump's radical federal spending cuts voted to keep the lights on through September.
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"Where Is Mr Musk In This?" US Judges Question Secrecy Of DOGE's Activities
On social media and at political rallies, Elon Musk has taken credit for leading the team that is cutting allegedly wasteful US government spending, even waving a chainsaw on stage at a conference.
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How Donald Trump Can Return Savings From Elon Musk's DOGE To US Taxpayers
An idea first proposed on social media has bubbled up to the White House and received President Donald Trump's enthusiastic endorsement: Take some of the savings from billionaire Elon Musk's drive to cut government spending and return to taxpayers.
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"Must Understand Peculiarity Of Defence Budget": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in an exclusive post-Budget interview to NDTV said the government has not cut back on defence spending, rather it ensured that defence pensions and procurement expenses are never lowered.
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2 Million Job Cuts Likely In US As Trump Announces Buyout Offers
The federal employees who leave their posts voluntarily will receive about eight months of salary until September, provided they choose to do so by February 6.
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What Is Impoundment? Trumps New Plan To Control Spending In Second Term
US President-elect Donald Trump is planning to cut federal spending, and one of the methods he may use is impoundment.
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Israeli Minister Plans Spending Cuts In 2025 Budget To Fund Gaza War
Israeli Finance Minister Bezalel Smotrich said on Tuesday the 2025 state budget will feature steep spending cuts as the government tries to balance fiscal responsibility with a need to finance Israel's ongoing war with Hamas in Gaza.
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Milei Swears In As Argentina's President, Warns Of "Shock Treatment" For Economy
Argentina's President Javier Milei took office Sunday with a stark warning to citizens to brace themselves for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers.
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US Faces Shutdown Risk Despite New Compromise Plan
The US still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration.
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Infosys, TCS Cut Back On Hiring Due To Waning Demand For IT Services
India's top IT service providers are going slow on hiring as clients cut back spending and defer projects due to macroeconomic challenges, in a U-turn from the excesses of the past few years made in anticipation of further growth.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Pakistan Aims To Generate Billions In New Taxes To Help Seal IMF Deal
Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.
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Netflix Plans to Cut Spending by $300 Million; No Layoffs Expected: Report
Netflix plans to cut its spending by $300 million (nearly Rs. 2,465 crore) this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze or additional layoffs, according to t...
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Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
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IT Services Firm Accenture To Cut 19,000 Jobs, Trims Profit Forecasts
Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.
-
US Congress Passes Funding Bill To Avert Government Shutdown
The United States averted a government shutdown with hours to spare Friday as lawmakers already reeling from President Donald Trump's radical federal spending cuts voted to keep the lights on through September.
-
"Where Is Mr Musk In This?" US Judges Question Secrecy Of DOGE's Activities
On social media and at political rallies, Elon Musk has taken credit for leading the team that is cutting allegedly wasteful US government spending, even waving a chainsaw on stage at a conference.
-
How Donald Trump Can Return Savings From Elon Musk's DOGE To US Taxpayers
An idea first proposed on social media has bubbled up to the White House and received President Donald Trump's enthusiastic endorsement: Take some of the savings from billionaire Elon Musk's drive to cut government spending and return to taxpayers.
-
"Must Understand Peculiarity Of Defence Budget": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in an exclusive post-Budget interview to NDTV said the government has not cut back on defence spending, rather it ensured that defence pensions and procurement expenses are never lowered.
-
2 Million Job Cuts Likely In US As Trump Announces Buyout Offers
The federal employees who leave their posts voluntarily will receive about eight months of salary until September, provided they choose to do so by February 6.
-
What Is Impoundment? Trumps New Plan To Control Spending In Second Term
US President-elect Donald Trump is planning to cut federal spending, and one of the methods he may use is impoundment.
-
Israeli Minister Plans Spending Cuts In 2025 Budget To Fund Gaza War
Israeli Finance Minister Bezalel Smotrich said on Tuesday the 2025 state budget will feature steep spending cuts as the government tries to balance fiscal responsibility with a need to finance Israel's ongoing war with Hamas in Gaza.
-
Milei Swears In As Argentina's President, Warns Of "Shock Treatment" For Economy
Argentina's President Javier Milei took office Sunday with a stark warning to citizens to brace themselves for painful austerity measures as he seeks to cut spending and curb triple-digit inflation, all with empty coffers.
-
US Faces Shutdown Risk Despite New Compromise Plan
The US still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration.
-
Infosys, TCS Cut Back On Hiring Due To Waning Demand For IT Services
India's top IT service providers are going slow on hiring as clients cut back spending and defer projects due to macroeconomic challenges, in a U-turn from the excesses of the past few years made in anticipation of further growth.
-
Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
Pakistan Aims To Generate Billions In New Taxes To Help Seal IMF Deal
Pakistan's government aims to generate an additional Pakistani rupees (Rs) 215 billion in taxes and cut spending by Rs 85 billion in the next fiscal year in order to seal International Monetary Fund (IMF) deal, Dawn reported.
-
Netflix Plans to Cut Spending by $300 Million; No Layoffs Expected: Report
Netflix plans to cut its spending by $300 million (nearly Rs. 2,465 crore) this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze or additional layoffs, according to t...
-
Accenture to Cut 19,000 Jobs Amid Concerns of Lower IT Spending Due to Global Economic Outlook
Accenture has announced it plans to cut about 2.5 percent of workforce, or 19,000 jobs, as the lowers its profit and revenue forecast for the year. The firm said more than 50 percent of the job cuts would affect staff at its non-billable corporate functions.
-
IT Services Firm Accenture To Cut 19,000 Jobs, Trims Profit Forecasts
Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.
