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Chevron to cut 15-20% of workforce by end of 2026: company
Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil giant for the long-term, the company said Wednesday. "Chevron is taking action to simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness," said a statement from Chevron Vice Chairman Mark Nelson.
Trump's 25% steel, aluminum tariffs add on to Canada and Mexico duties: W.House
US President Donald Trump's planned 25-percent tariffs on all steel and aluminum imports will stack on the hefty duties earlier announced on Canada and Mexico, a White House official told AFP Wednesday.
Canadian steel firms face turmoil after US 'stab in the back'
Canadian steel firms face turmoil after US 'stab in the back'
US trade deficits at core of Trump tariff moves
Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy. Poitiers noted that countries can't impose tariffs on services, hence Trump's insistence on focusing on goods.
Hit by Trump, Canada and EU seek comfort in numbers
Buffeted by tariffs and threats from Washington, the European Union and Canada hailed their "friendship" and discussed drawing closer together Wednesday, in the latest sign of a Brussels push to diversify trade away from the United States. "The European Union and Canada... prove that trade agreements are clearly better than trade tariffs," Costa said Wednesday.
US consumer inflation unexpectedly up, Trump blames Biden
US consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. Trump wrote in a post on his Truth Social account shortly after the data was published, seeking to blame his Democratic predecessor for the CPI increase.
Bankrupt ex-Turkey operator of KFC, Pizza Hut says wages to be paid
The former operator of the KFC and Pizza Hut franchises in Turkey on Wednesday promised to pay the outstanding salaries of its 7,000 staff just days after filing for bankruptcy. IS Gida, the franchise operator, filed for bankruptcy last week with its CEO Ilkem Sahin saying it had an outstanding debt of 7.7 billion Turkish liras ($214 million).
Heineken shares pop on bubbly beer sales
Shares in Dutch brewer Heineken fizzed at the market open on Wednesday, as traders cheered better-than-expected beer sales despite a slight dip in overall turnover. Heineken sales figures overall registered a slight dip last year, mainly due to currency fluctuations.
Musk aide given payment system access by mistake
An Elon Musk aide was mistakenly given clearance to make changes to the US Treasury Department's highly sensitive payments system containing millions of Americans' personal information, a department official said Tuesday.
AFP
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