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Jaguar Land Rover to layoff thousands of jobs in $2.3 billion cost-saving overhaul

Jaguar Land Rover to layoff thousands of jobs in $2.3 billion cost-saving overhaul

Jaguar Land Rover is preparing to trim its workforce by as many as 4,000 positions over the next two years as part of a massive financial restructuring. The luxury automaker, owned by India's Tata Motors,

Business
‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year

‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year

The United States has entered what experts are calling uncharted territory as the national debt hits 40 trillion dollars, triggering a surge in interest payments that now threatens to stifle federal spending. According to a

Business
Saudi Aramco oil facilities hit in new strikes

Saudi Aramco oil facilities hit in new strikes

Saudi Arabian energy infrastructure faced another wave of instability today as several Saudi Aramco oil facilities were targeted in a series of coordinated strikes. While official reports regarding the scale of the damage remain limited,

Business
Jaguar Land Rover opens voluntary redundancy program in $2.3B cost-cutting drive

Jaguar Land Rover opens voluntary redundancy program in $2.3B cost-cutting drive

Jaguar Land Rover has launched a voluntary redundancy program for its salaried and management employees as the company embarks on a massive 2.3 billion dollar cost cutting initiative. The move, confirmed over the weekend by

Business
Yen surges to 6-month high as traders stay alert for signs of intervention

Yen surges to 6-month high as traders stay alert for signs of intervention

The Japanese yen has climbed to its highest level in six months, sparking a wave of activity across global currency markets. This sudden surge comes as traders grow increasingly cautious, keeping a close eye on

Business
Which jobs are future-proofed? : The Indicator from Planet Money

Which jobs are future-proofed? : The Indicator from Planet Money

As artificial intelligence continues to reshape the modern workplace, many employees are left wondering whether their current roles will even exist a decade from now. The anxiety surrounding automation is no longer just a plot

Business
Gasoline prices, over $4 per gallon, hit record high for Labor Day

Gasoline prices, over $4 per gallon, hit record high for Labor Day

American drivers are facing a costly start to their holiday celebrations as gasoline prices hit an all time high for Labor Day. According to data from AAA, the national average for a gallon of regular

Business
Investigators begin work on why cargo plane overran Miami runway

Investigators begin work on why cargo plane overran Miami runway

Federal investigators have begun the grim task of determining why an Amazon cargo plane overshot the runway at Miami International Airport on Sunday, leaving five people dead and five others seriously injured. The Boeing 767-300,

Business
Amazon plane crash: Investigators to give update on deadly Miami incident

Amazon plane crash: Investigators to give update on deadly Miami incident

Federal investigators are working to piece together the harrowing moments leading up to a deadly cargo plane crash at Miami International Airport that left five people dead and five others injured. The aircraft, a Boeing

Business
Trump threatens to block Canada’s Bombardier sales unless planes made in US

Trump threatens to block Canada’s Bombardier sales unless planes made in US

President Donald Trump has escalated his ongoing trade conflict with Canada by threatening to ban the sale of Bombardier aircraft within the United States unless the aerospace giant moves its manufacturing operations across the border.