Nissan’s shares took a hit in Tokyo after announcing plans to lay off 9,000 workers and reduce manufacturing capacity. The company’s net income dropped significantly, leading to a need for restructuring. The CEO is cutting his compensation in half as Nissan faces challenges from Chinese competitors and struggles to meet sales goals. The company is…
As Wall Street anticipates President-elect Donald Trump’s return to the White House, one area of stocks that could benefit the most is those that stand to gain from his plan to cut corporate tax rates, according to Goldman Sachs. Trump’s victory has reduced some political uncertainty and served as a catalyst for a surge in…
The Bank of England announced a cut in key interest rates due to UK inflation hitting a three-year low. This is the second rate cut since August, easing pressure on borrowers. The decision was in line with expectations, with borrowing costs reduced by 25 basis points to 4.75%. The central bank indicated that more reductions…
The National Electric Power Regulatory Authority (Nepra) has approved a reduction of Rs1.28 per unit in electricity prices for September 2024, which will be reflected in November’s billing cycle. This adjustment is due to global fuel price fluctuations and will provide relief to consumers. The decision was made after a detailed review and public hearing,…