cuts - Wander City

Yale University announces hiring freeze, spending cuts amid proposed US endowment tax hike – Times of India

Yale University announces hiring freeze, spending cuts Yale University has announced a series of immediate cost-cutting measures, including a 90-day hiring freeze, a 5% reduction in non-salary expenditures, delays to upcoming construction projects, and a scaled-back pool for annual salary increases. The decision follows growing financial uncertainty as the U.S. Congress considers changes to federal…

Trump signs ‘One Big Beautiful Bill’ into law, tax breaks and spending cuts approved

alishpagda08@gmail.com4 days ago01 mins

President Donald Trump has signed a significant Republican bill into law, marking a major legislative victory for his administration. The bill includes tax breaks, spending cuts, and increased funding for border security and the Pentagon. Trump celebrated the signing, stating, ‘I had made promises and I have kept my promises. America is winning once again.’…

India-EFTA trade deal: Pact to kick in next couple of months, says Piyush Goyal; deal promises $100 bn investment & duty cuts on key goods – Times of India

alishpagda08@gmail.com4 days ago02 mins

The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal said on Friday.India and the four-nation EFTA bloc—comprising Switzerland, Norway, Iceland, and Liechtenstein—had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024….

US sees largest wave of job cuts since 2020 pandemic, AI among key triggers

alishpagda08@gmail.com5 days ago05 mins

The US is witnessing a record number of job losses, and companies adopting AI might be one of the factors. In the first half of 2025 alone, companies announced 744,308 job cuts across the US, the highest since the first six months of 2020, when nearly 1.6 million jobs were lost due to Covid disruptions….

While Trump and Musk feud, student aid burns: Pell Grant, loan subsidies to face brutal cuts in ‘Big Beautiful Bill’ – Times of India

alishpagda08@gmail.com1 week ago08 mins

While Trump and Musk feud, student aid burns. As Donald Trump and Elon Musk trade public swipes once again, something far more consequential is smoldering in the background: the future of federal student aid. At the heart of the political wildfire is Trump’s so-called “Big Beautiful Bill” — a sweeping legislative package designed to slash…

‘Misogyny cuts across party lines’: Mohua Moitra reacts after TMC distances from Kalyan, Mitra remarks on Kolkata gang-rape case; Banerjee ‘disagrees’ | India News – Times of India

alishpagda08@gmail.com1 week ago06 mins

NEW DELHI: The Trinamool Congress on Saturday publicly distanced itself from party MP Kalyan Banerjee and MLA Madan Mitra over their controversial remarks on the Kolkata law college gang-rape case, prompting Banerjee to hit back at the party’s statement, saying a “moral and intellectual alignment” was lacking.In an official post on X, the party said,…

Harvard Kennedy School lays off staff amid $53 billion endowment tax threat and federal funding cuts – Times of India

alishpagda08@gmail.com2 weeks ago06 mins

Harvard layoffs: Harvard Kennedy School (HKS) has announced staff layoffs and significant budget cuts as it grapples with financial pressures stemming from federal funding reductions and a looming tax increase on Harvard’s $53.2 billion endowment. The school’s dean, Jeremy M. Weinstein, conveyed the difficult news in an email to faculty and staff, describing the challenges…

Video: Were the U.S.A.I.D. Cuts ‘Efficient?’

alishpagda08@gmail.com2 weeks ago01 mins

When President Trump took office, U.S.A.I.D. was one of the first agencies to be dismantled in the name of efficiency. Amy Schoenfeld Walker, a New York Times reporter and graphics editor who has been tracking the foreign aid cuts and restorations since they began in February, shares what she’s learned through her reporting. Source link

State Bank India cuts SB rate to lowest, FDs’ by 25 base points – Times of India

alishpagda08@gmail.com3 weeks ago03 mins

Representative image (Photo: ANI) MUMBAI: India’s largest lender, State Bank of India, has cut returns for depositors again. Effective June 15, the bank reduced interest rates on retail term deposits of up to Rs 3 crore by 25 basis points across tenures. Simultaneously, it brought down the savings account rate to 2.5 per cent, its…

Student loan cuts ahead? Here is what the US Senate’s plan could mean for college affordability – Times of India

alishpagda08@gmail.com4 weeks ago06 mins

The U.S. Senate has introduced a new proposal that could dramatically reshape how students and families pay for college. As part of the higher education section of President Trump’s “One Big Beautiful Bill Act,” lawmakers aim to cap how much can be borrowed through federal student loans and reduce the number of repayment options. These…