Abstract: After what the company called a “difficult and disappointing” 2023, UPS said the cuts would save $1 billion this year. Lead Paragraph: ...
Category: Business
Abstract: The pullback, at the behest of the Saudi government and made with little comment, probably reflects a more subdued outlook for demand o...
Abstract: The sector is laying off workers after a hiring boom during the pandemic and their share prices are soaring. Lead Paragraph: Tech giant...
Abstract: The automaker has placed a bet on electric vehicles, but it has struggled to produce and sell the vehicles in large numbers. Lead Parag...
Abstract: The anemic pace of growth in Europe, dragged down by a weak German economy, is widening the gap with the United States. Lead Paragraph:...
Abstract: Amazon, Google, Microsoft and other tech companies have been on a layoff spree this month, with the latest cuts differing from last yea...
Abstract: Daimler, Navistar and Volvo have been criticized for not selling many electric heavy trucks, but the companies say the country first ne...
Abstract: The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining...
Abstract: Some tech workers are filming their layoffs and sharing them on social media. They say it’s part catharsis, part transparency. Lead Par...
Abstract: The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have bee...