Tag: Cuts
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Federal Budget Cuts Halt Solar Heating Technology Initiative
A project to capture solar heat for industrial use — with potential spinoffs in other energy areas, including nuclear power — has been canceled by the U.S. Department of Energy on the cusp of its final phase. The University of California, Davis, received a letter from the federal agency stating that the work “does not…
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Amazon Promotes AI Tools as Collaborators Amid Job Cuts
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Ed Ludlow reports on Amazon’s view on the use of AI in the workplace. SoftBank deal talks: SoftBank is in discussions to acquire DigitalBridge, a private equity firm that invests in data centers, as the…
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Impact of Federal Reserve Interest Rate Cuts on Mortgage Rates: A Historical Perspective
Fed rate cuts and mortgage interest rate responses don’t always line up neatly. Wipada Wipawin/Getty Images Anticipation over a Federal Reserve interest rate cut, which was barely registering a few weeks ago, is now growing to a fever pitch. Following an unemployment report that showed the rate increasing to its highest level since October 2021…
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Challenges Faced by Returning NRI: Daily Power Cuts and Adaptation Struggles
A Kanpur-based man has opened up about the host of issues he has had to face since moving back to India from Ireland. Akash Tiwari, Manager of AI and Innovation Strategy at Coursera, said that he is now worrying about problems that he never even had to think about back in Ireland. The former NRI…
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Indian Bank Reduces Lending Rates After RBI Cuts Repo Rate to 5.25%
Last Updated:December 06, 2025, 15:13 IST Indian Bank cuts Repo Linked Benchmark Lending Rate to 7.95 percent after RBI reduces repo rate to 5.25 percent. Indian Bank cuts lending rate Repo Rate Cut Impact: In tune with the Reserve Bank of India’s (RBI) announcement cutting the repo rate by 25 basis points, from 5.50% to…