Cuomo presses NYC to clean up its act, hinting at National Guard assistance

Gov. Andrew Cuomo threatened to slash state funding to New York City if it doesn’t increase efforts to tamp down on crime and clean up trash in the midst of a pandemic, even offering to send in the National Guard to help. CUOMO SWIPES DE BLASIO FOR CRIME: ‘WE HAVE A PROBLEM IN NEW YORK CITY’ The […]

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Dallas City Council slashes police overtime budget by $7M

The Dallas City Council voted Wednesday to slash the overtime budget for the city’s police department by $7 million, but resisted broader calls to defund the department. Most of the money from the overtime cuts will be redistributed to other purposes in the department, including more than $3.8 million to hire 95 civilian workers to replace […]

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Cubs acquire DH/1B José Martínez from the Tampa Bay Rays for PTBNL and cash considerations

Photo by Maddie Meyer/Getty Images Martinez owns a career .319/.392/.554 slash line against left-handed pitching. Catcher Josh Phegley has been designated for assignment. The Cubs made their first move ahead of Monday’s trade deadline by acquiring designated hitter and first baseman José Martínez from the Tampa Bay Rays for a player to be named later […]

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Victoria’s Secret owner L Brands to slash 850 corporate jobs as sales suffer

Victoria’s Secret owner L Brands plans to slash about 850 corporate jobs as the lingerie chain grapples with a downturn in sales. The Ohio-based company announced the layoffs — which amount to roughly 15 percent of its corporate workforce — on Tuesday under a plan to cut about $400 million in annual costs as it […]

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Russian resolution to cut US-backed Syrian cross-border aid program fails at UN Security Council

A Russian effort to slash a cross-border aid program to Syria’s northwest failed on Wednesday, a day after both Russia and China killed off a U.S-backed effort to expand the crossing points to the northeast — as experts warned of a brewing humanitarian crisis. The resolution to cut the border crossings from two to one […]

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Palestinians slash public wages in tax dispute with Israel over annexation

© Reuters. RAMALLAH, West Bank (Reuters) – The Palestinian Authority (PA) said on Thursday it will slash the wages of tens of thousands of its employees after its protest action against Israel’s annexation plans in the occupied West Bank deepened a cash crisis. Its economy already battered by the coronavirus pandemic, the PA, which has […]

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LAPD funding slashed by $150M, reducing number of officers

City leaders voted Wednesday to slash the Los Angeles Police Department budget by $150 million, reducing the number of officers to a level not seen for more than a decade amid nationwide demands to shift money away from law enforcement agencies during America’s reckoning over police brutality and racial injustice. About two-thirds of the funding […]

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Shell assets may take up to $22B hit due to coronavirus

Royal Dutch Shell expects to slash the value of its assets by as much as $22 billion as the coronavirus crisis roils energy markets. The oil and gas giant announced the massive write-down Tuesday as it cut its energy price forecasts to account for the pandemic, which has led to worldwide lockdowns that have restricted […]

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‘Occupy City Hall’ protest urges budget cuts for NYC police

Hundreds of protesters camped outside City Hall are demanding that lawmakers slash the New York City police budget By The Associated Press June 27, 2020, 4:37 PM 2 min read 2 min read Share to FacebookShare to TwitterEmail this article NEW YORK — Hundreds of protesters camped outside City Hall are demanding that lawmakers slash […]

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BP slashes assets by up to $17.5 billion as coronavirus slams oil industry

BP expects to slash the value of its assets by up to $17.5 billion after predicting the coronavirus pandemic will depress energy prices for years to come. The British energy giant on Monday said it will take billions of dollars in impairment charges and write-offs thanks to the lasting effects of the COVID-19 crisis, which […]

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Box office could see 50 percent drop in ticket sales this year, analyst finds

The coronavirus will slash box office revenues in half this year, and the pandemic is now poised to weaken the longtime status of movie theaters as destinations for first-run movies, according to an influential media analyst. Revenue from ticket sales will plunge to $5.5 billion this year, down more than 50 percent from $11.4 billion […]

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Travel giant Tui to slash up to 8,000 jobs amid coronavirus

European travel giant Tui plans to slash up to 8,000 jobs as the coronavirus crisis forces it to cut costs. That number includes positions that “will either not be recruited or reduced” under a plan to trim overhead costs by 30 percent, the Germany-based conglomerate said Wednesday. The company with more than 70,000 employees around […]

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Uber cutting 20 percent of workforce amid coronavirus: report

Uber is planning to slash its workforce by 20 percent as the coronavirus ravages its rides business, a new report claims. The ride-hail startup’s cuts would see more than 5,000 heads roll in the coming weeks, according to The Information (paywall), and prompted the resignation of longtime executive Thuam Pham. Pham, who joined the then-fledgling […]

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Valence Media slashing staff at Hollywood Reporter, Billboard, more

Hollywood entertainment company Valence plans to slash more than a third of the newsrooms jobs at its Hollywood Reporter and Billboard publications, The Post has learned. The Valence Media-owned publications will see 35 percent of their newsrooms slashed by end of the day Tuesday, according to a well-placed source. The source said the cuts will […]

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FedEx delivers 91 percent cut to CEO’s pay

FedEx said on Friday it would slash its chief executive’s pay and draw down $1.5 billion from a credit facility as parcel delivery services take a hit from coronavirus-led lockdowns across the globe. The company also plans to tap debt markets to bolster its reserves as the pandemic compounds its own troubles, including integration issues […]

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Fed’s Daly says ‘our tools are starting to work’ in markets

(Reuters) – The U.S. central bank’s moves this week to slash borrowing costs, shore up plumbing in key pockets of the financial markets and remove barriers to tapping the Fed’s emergency loan window are starting to have an effect, San Francisco Federal Reserve President Mary Daly said on Thursday. “It’s encouraging to see that there’s […]

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Economists slash Singapore 2020 growth forecast to 0.6% – central bank survey

Economists slash Singapore 2020 growth forecast to 0.6% – central bank survey SINGAPORE (Reuters) – Economists have more than halved their forecasts for Singapore’s growth this year anticipating a sharp contraction in the first quarter, a central bank survey showed on Wednesday, as the coronavirus outbreak hits the trade-reliant economy. Singapore’s gross domestic product is […]

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Broadway tickets chopped to $50 amid coronavirus fears

Coronavirus is driving one Broadway’s most prolific producers to drastically slash ticket prices for several big shows. Starting at noon Thursday, Scott Rudin will reduce tickets to his shows to $50 a pop for performances through March 29. The productions include Broadway newcomers “West Side Story,” director Sam Mendes’ “The Lehman Trilogy” and “Who’s Afraid […]

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Amber Rose Kisses Baby Slash, 5 Mos, In Precious Insta Video With New Forehead Tattoo On Full Display

Baby Slash is the star of Amber Rose and Alexander A.E. Edwards’ adorable new video! Their darling son giggles and smiles as his mom gives him tons of kisses. How sweet! Amber Rose showered her baby boy with kisses and cuddles in the cutest new video, posted by partner Alexander A.E. Edwards on Instagram. In […]

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After slashing rates, U.S. Fed has more weapons to fight coronavirus effect

By Howard Schneider CHAMPAIGN, Ill (Reuters) – The Federal Reserve’s emergency decision to slash interest rates this week in response to the coronavirus outbreak was actually fairly straightforward, policymakers said, as economic risks piled up fast and confidence faltered. What happens next is less clear cut. The central bank has edged interest rates closer to […]

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