43 h. ago Man Utd 'threaten staff with sack' for leaks as email emerges amid Sir Jim Ratcliffe cuts

Manchester United have threatened staff with the staff over leaks to the press, in a leaked email sent by the club's chief executive Omar Berrada amid Sir Jim Ratcliffe's ongoing job cuts

Events

3 d. ago Trump defense chief orders Pentagon to make cuts as IRS workers face mass layoffs – as it happened

This blog is now closing. You can read our latest story hereAs Donald Trump’s administration continues to fire thousands of federal workers and radically slash federal spending, some Republicans are growing unnerved, Axios reports.As the cuts start to hit GOP lawmakers’ districts and states, some have told Axios there is a larger conflict brewing over the constitutional issue of whether the president can bypass Congress on such decisions.I think you’re going to see a clash when they start abolishing [agencies]. Say like USAid, right? We authorized that. That’s a creature of Congress. If they try to do something like that, then you’re going to get into a constitutional argument or crisis.Before making cuts rashly, the administration should be studying and staffing to see what the consequences are. Measure twice before cutting. They have had to backtrack multiple times.We all want efficiencies, there is a way to do it, and the way these people have been treated has been awful in many ...

Politics

3 d. ago Trump defense chief orders Pentagon to make cuts as IRS workers face mass layoffs – live

Pete Hegseth orders leaders to develop plans to enact strict cuts while tax agency reportedly to lay off thousandsAs Donald Trump’s administration continues to fire thousands of federal workers and radically slash federal spending, some Republicans are growing unnerved, Axios reports.As the cuts start to hit GOP lawmakers’ districts and states, some have told Axios there is a larger conflict brewing over the constitutional issue of whether the president can bypass Congress on such decisions.I think you’re going to see a clash when they start abolishing [agencies]. Say like USAid, right? We authorized that. That’s a creature of Congress. If they try to do something like that, then you’re going to get into a constitutional argument or crisis.Before making cuts rashly, the administration should be studying and staffing to see what the consequences are. Measure twice before cutting. They have had to backtrack multiple times.We all want efficiencies, there is a way to do it, and the way ...

Politics

3 d. ago Trump defense chief reportedly orders Pentagon to make cuts as IRS faces mass layoffs – live

Pete Hegseth orders leaders to develop plans to enact strict cuts while tax agency reportedly to lay off thousandsAs Donald Trump’s administration continues to fire thousands of federal workers and radically slash federal spending, some Republicans are growing unnerved, Axios reports.As the cuts start to hit GOP lawmakers’ districts and states, some have told Axios there is a larger conflict brewing over the constitutional issue of whether the president can bypass Congress on such decisions.I think you’re going to see a clash when they start abolishing [agencies]. Say like USAid, right? We authorized that. That’s a creature of Congress. If they try to do something like that, then you’re going to get into a constitutional argument or crisis.Before making cuts rashly, the administration should be studying and staffing to see what the consequences are. Measure twice before cutting. They have had to backtrack multiple times.We all want efficiencies, there is a way to do it, and the way ...

Politics

3 d. ago Trump defense chief reportedly orders Pentagon to plan for sweeping budget cuts – US politics live

Pete Hegseth orders leaders to develop plans to cut 8% of budget in each of next five years, Washington Post reportsAs Donald Trump’s administration continues to fire thousands of federal workers and radically slash federal spending, some Republicans are growing unnerved, Axios reports.As the cuts start to hit GOP lawmakers’ districts and states, some have told Axios there is a larger conflict brewing over the constitutional issue of whether the president can bypass Congress on such decisions.I think you’re going to see a clash when they start abolishing [agencies]. Say like USAid, right? We authorized that. That’s a creature of Congress. If they try to do something like that, then you’re going to get into a constitutional argument or crisis.Before making cuts rashly, the administration should be studying and staffing to see what the consequences are. Measure twice before cutting. They have had to backtrack multiple times.We all want efficiencies, there is a way to do it, and the wa...

Politics

4 d. ago HSBC sets out scale of cost cuts under chief executive’s restructuring plan

Bank targets $1.5bn cut from annual cost base by next year as it reports $2.3bn fourth-quarter profit

Politics

4 d. ago FTSE 100 Live 19 February: BAE Systems and HSBC in results spotlight, inflation setback

A jump in UK inflation to a 10-month high of 3% today dealt a blow to hopes of early further interest rate cuts.

Economics

4 d. ago HSBC to shed more jobs as banking giant slashes £1.2bn in costs

HSBC is set to shed even more jobs as part of sweeping cost-cutting plans, as it undergoes a transformation guided by new boss Georges Elhedery.

Economics

4 d. ago HSBC sets out scale of cost cuts under new chief’s restructuring plan

UK-based lender reports $2.3bn fourth-quarter profit and says overhaul will cut its annual cost base by $1.5bn from next year

Politics

4 d. ago HSBC sets $300mn savings goal for 2025 under restructuring plan

UK-based lender reports $2.3bn fourth-quarter profit and aims to cut $1.5bn in costs by end of 2026

Economics