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Up to 240 jobs are under threat at the pharmaceutical firm Pfizer's research and development site in Sandwich, Kent. The company said it was part of a move to improve efficiency which would see between five to eight per cent of the global workforce facing...
The president-elect would devote 40% of the $775 billion to give taxpayers a break, but his party is urging him to put more into roads, bridges and other projects. January 14, 2009 At this point, Obama is not considering scaling back his tax cut plans,...
Tags: stimulus, democrats, president, stimulus package, bill, cut, tax cuts, economy, Barack Obama, tax cut
The pharma giant Pfizer said it is cutting up to 8% of its research staff. New York-based Pfizer ( PFE , Fortune 500 ), the leading seller of pharmaceuticals, said on Tuesday that it is reducing research jobs by 5% to 8% worldwide, which could total 800...
Barclays PLC will cut 2,100 jobs in its investment banking and investment management units in response to the global economic downturn, according to people close to the decision. The cuts revealed Tuesday represent around 7 percent of the bank's global...
Tags: cut, job, investment banking, Barclays PLC, management units, investment management
The European Central Bank is widely expected to cut interest rates again on Thursday, amid increasingly grim economic data and a sharper than expected drop in inflation, although the size of the reduction remains unclear. Financial markets believe the...
Saudi Arabia has unilaterally slashed its oil production by more than its agreed Opec limit, the kingdom said on Tuesday. The rare and politically difficult move highlighted the huge losses the Saudis and other oil-producing nations face following the...
Tags: oil, energy, production, cut, oil price, record, stock, fuel, USD, OPEC
Irish Prime Minister Brian Cowen is leading his country's biggest ever trade mission to Japan in an effort to boost investment from the world's second-largest economy, an official said Wednesday. Cowen's trip to Japan comes as Ireland grapples with a...
Tags: cut, job, crisis, Brian Cowen, Japan, Enda Kenny, Mr Cowen, Mr Kenny, public sector
The announcement comes two weeks before the company was set to release its fourth-quarter earnings, which it said in a statement were impacted by "the weakening global economic environment." The company did not detail what jobs will be affected by the...
Sweden's annual inflation rate fell sharply in December, to 0.9 percent from 2.5 percent in November, mainly because of large interest rate cuts which caused borrowing costs to fall, the national statistics agency said Tuesday. Statistics Sweden said...
President-elect Barack Obama may want to keep "special interests" out of the White House , but he can't keep them out of Washington for his inauguration...The party hosts are using the huge draw of the inauguration to raise their profile in the nation's...
Tags: obama, inauguration, president, barack, celebration, inaugural, obama a, cut, Barack Obama