Tag

Cutbacks

All articles tagged with #cutbacks

finance2 years ago•0 min saved

Goldman Sachs slashes China's GDP forecast due to limited stimulus space.

Goldman Sachs has reduced its economic growth forecasts for China due to the country's regulatory crackdown on tech companies and the property sector. The bank now expects China's GDP growth to be 7.8% in 2021, down from its previous forecast of 8.2%. The cutback is also due to the ongoing impact of Covid-19 and supply chain disruptions.

via Financial Times|

#china #cutbacks #economic-growth

sports2 years ago•1 min saved

SportsCenter anchor Neil Everett departs ESPN after 23 years amidst cutbacks.

SportsCenter anchor Neil Everett is leaving ESPN after 23 years amid company cutbacks. Everett and Stan Verrett have co-hosted the late edition of SportsCenter from Los Angeles since 2009. ESPN parent company Disney plans to cut spending by $5.5 billion worldwide. Meanwhile, ESPN hired Pat McAfee to be their early afternoon anchor this fall at an annual salary of roughly $17 million.

via USA TODAY|

#cutbacks #espn #neil-everett