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Category: slash

  • M&S shifts up a gear with sewage-powered lorries to slash emissions

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    Investor Empires

    Marks & Spencer has accelerated its drive towards net zero by introducing a fleet of trucks powered by biomethane, a gas derived from waste such as food, animal manure and sewage. The retailer expects biomethane-powered vehicles to help cut emissions by up to 85% compared to diesel, with significant cost…

  • Firms slash jobs at quickest rate in four years following budget tax hikes

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    Investor Empires

    Companies shed jobs at the fastest pace in four years last month after rising staffing costs and growing uncertainty from the fall budget dented confidence, according to the latest S&P Global data. Excluding pandemic-era figures, the decline in headcount was the steepest in more than 15 years, with nearly a…

  • Going Back to Work in Retirement? It Could Slash Your Social Security by $239 per Month Starting in 2025.

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    Investor Empires

    Retirement can be incredibly expensive, and it is not uncommon for older adults to continue working in some capacity later in life. In fact, 75% of workers expect to work for pay in retirement, according to a 2024 report from the Employee Benefit Research Institute. However, working while collecting Social…

  • UK Companies Slash Hiring Plans Following Reeves’s Tax Increases

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    Investor Empires

    Nearly two-thirds of UK businesses are set to scale back hiring plans in response to the Chancellor’s £40bn tax rise, according to a new poll by the Confederation of British Industry (CBI). The survey of 266 business leaders found that 62% of them intend to reduce hiring, nearly half expect…

  • Election Anxiety Grips Emerging Markets as Investors Slash Risk

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    Investor Empires

    (Bloomberg) — From Mexico City to Shanghai, traders, battered by a volatile year, are bracing for a new political shock: a U.S. presidential election that threatens to upend global trade and potentially sour the economic outlook across the developing world. Most read from Bloomberg While the race remains close in…

  • Election Anxiety Grips Emerging Markets as Investors Slash Risk

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    Investor Empires

    (Bloomberg) — From Mexico City to Shanghai, traders, battered by a volatile year, are bracing for a new political shock: a U.S. presidential election that threatens to upend global trade and potentially sour the economic outlook across the developing world. Most read from Bloomberg While the race remains close in…

  • Boeing to slash 10% of workforce, laying off 17,000 employees

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    Investor Empires

    Boeing announced Friday that it plans to lay off about 17,000 employees, or about 10% of its workforce, as it faces a dismal third-quarter earnings report and ongoing damage from striking workers. Boeing’s new CEO, Kelly Ortberg, shared the news in a letter with employees Friday afternoon after the company…

  • Wet weather drives UK retailers to slash prices in September

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    Investor Empires

    UK retailers have announced the biggest drop in store prices in three years, as unseasonably wet weather in September prompted stores to offer deep discounts in a bid to attract shoppers. According to the latest figures from the British Retail Consortium (BRC) and NielsenIQ, shop prices fell by 0.6% year-on-year,…