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ALLIANZ JOB CUTS
AI translation firm DeepL cuts quarter of staff, citing AIDeepL, a leading AI translation firm, is laying off approximately 250 employees. This significant workforce reduction stems from artificial...- US Fed set to pause rate cuts as it defies Trump pressureFed meeting outcome: The US central bank lowered rates in each of its last three policy meetings -- bringing them to a range between 3.50 p...
- Will the Fed cut rates by 25 basis points or are Powell and company divided on today’s policy rate decision?Fed rate cut decision today: will the Fed cut rates by 25 basis points? Markets are betting on an 87–88% chance of a Fed rate cut today, bu...
- Allianz to cut up to 1,800 jobs due to AI advances, says sourceBetween 1,500 and 1,800 jobs are set to be eliminated at Allianz Partners over the next 12 to 18 months, the source said.
- Dow soars 500 points, Nasdaq, S&P rebound as Fed rate cut bets intensify on weaker payrollsWall Street rebounded strongly on Monday, fueled by expectations of deeper Federal Reserve rate cuts following a weak jobs report. The Dow,...
- US stocks slide as markets assess latest tariff threatsUS stocks: Wall Street's main indexes declined on Wednesday as investors evaluated President Trump's latest tariff threats and awaited the ...
- US stock market predictions: Will NYSE, S&P 500, Dow Jones, Nasdaq rise? Here is what to expectNew York Stock Exchange and the Wall Street will have a crucial week ahead as investors are closely watching President Donald Trump's tarif...
- Global stocks plunge, bond prices rally as US data spooksUnexpectedly weak U.S. employment data for July triggered recession concerns, leading to a sell-off in stocks and a surge in safe-haven bon...
- Wall Street slips from records with Nasdaq leading declinesIn the chip index, Broadcom sank 7% after its full-year forecast failed to impress investors and Marvell Technology tumbled 11.4% after it ...
- More mediclaim buyers use EMIs to buy policiesMost people opting for EMI mode are new-to-insurance customers. “As high as 40-45% in the EMI segment are first-time buyers. About 40% opt ...
- Coronavirus impact: Will job loss insurance help if you get laid off? Here's the truthIf you are considering to buy a job-loss cover, read the primer so that you do not end up buying something you did not want.
- The $2 trillion woman who’s turning around PimcoThe 48-year-old South African runs Allianz’s asset management and US life insurance divisions.
- Investors rush to put money in insurance, MF as deposit rates fallPremium collection of life insurance companies has more than doubled in November while investment in mutual funds grew by a three-fourth.
- Private life insurance cos book record profitsThe global financial crisis surprisingly has had a positive fallout on the private life insurance industry, with leading players in the cou...
- Insurers to pay EMIs in case of retrenchmentICICI Lombard's cover comes bundled with a mediclaim policy that promises to pay EMIs for three months after someone has lost his job on ac...
- MetLife to cut jobs; shares plungeMetLife Inc the largest U.S. life insurer by assets, said on Wednesday it will cut jobs, one day after it announced plans to raise capital ...
- Insurance cos tighten belt, to rework cost structureInsurance companies are bringing down charges and cutting agency commissions in a bid to improve overall returns and remain competitive.
- Commerzbank's buyout of Dresdner to cost 9,000 jobsCommerzbank and Dresdner have a combined workforce of nearly 67,000 employees and out of the expected job cuts, about 2,500 would be outsid...
- Cos take recruits on a reality tripThis pre-hire 'deglamourising' exercise opens an 'exit door' for those who feel they are not adept for the job.
- Cost-conscious cos shed flab at willWhile cos revel in the swelling topline, they are increasingly showing a penchant for a leaner workforce.
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