Category: Budgets and Budgeting

CNN to Cut Costs Before End of Year

The New York Times – Business:
“These changes will not be easy, because it will affect people, budgets and projects,” Chris Licht, the head of CNN, told staff members.
As Inflation Stalks Europe, Leaders Shudder

The New York Times – Business:
The downfall of Britain’s prime minister served as a warning to all of the political peril that awaits those who fail to address the erosion of living standards, no matter the cause.
Britain Scales Back Foreign Aid, Threatening Progress in Global Health

The New York Times – Business:
The nation is often the second-largest donor to groups working in poor countries to prevent and treat infectious diseases, and to provide reproductive health services to women.
Liz Truss’s New Economic Agenda Looks a Lot Like the Labour’s

The New York Times – Business:
After a blowback over her budget-busting tax cuts, Britain’s prime minister has junked her free-market plans and adopted several measures favored by Labour.
Amid Inflation, Retailers Brace for Strapped Holiday Shoppers

The New York Times – Business:
Retailers have navigated pandemic closures and supply chain snarls in recent years. But dealing with the fallout from inflation could be an even tougher test.
U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster

The New York Times – Business:
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.
Liz Truss Stirs Uncertainty Over the U.K.’s Economic Plans

The New York Times – Business:
Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.