Tag: cut

US ‘reviewing options’ after Putin orders embassy cuts

WASHINGTON, United States (AFP) — Washington is reviewing its options after the Kremlin ordered it to shrink its diplomatic mission in Russia, and President Donald Trump still intends to sign new sanctions into law. Questioned by reporters Monday, White House spokeswoman Sarah Huckabee Sanders had only a low-key response to President Vladimir Putin’s extraordinary demand that the embassy cut its local and American staff by 755. A State Department official has anonymously called the weekend’s […]

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New Zealand opposition plans to slash immigration

WELLINGTON, New Zealand (AFP) — New Zealand’s main opposition party Monday announced plans to almost halve immigration numbers if it wins a September election, with the clampdown focused on international students. Labor Party leader Andrew Little said it was “time for a breather on immigration” in the nation, which has experienced record annual net arrivals of about 70,000 in recent years. Little said his center-left party would cut that by up to 30,000 a year, […]

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Deutsche Bank to cut 3,000 jobs in Germany

BERLIN, Germany (AFP) — Deutsche Bank announced Thursday plans to cut 3,000 jobs and almost 200 bank branches throughout Germany, part of a vast overhaul following big losses and scandals at Germany’s biggest lender. “It is a painful decision to reduce jobs. Unfortunately, this step cannot be avoided if Deutsche Bank is to remain competitive in the long term,” board member Christian Sewing said in a statement. Almost 3,000 jobs will be cut in the […]

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