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Kevin Warsh Tapped to Lead Federal Reserve in Major Policy Shift

                                                       Kevin Warsh Kevin Warsh, a former Federal Reserve governor, has been selected by President Donald Trump to serve as the next chair of the U.S. central bank. His appointment signals a potential turning point for the Fed as it navigates debates over inflation, interest rates, and the future direction of monetary policy. Warsh previously served on the Federal Reserve Board from 2006 to 2011, a period marked by the global financial crisis. His background blends government experience, academic work, and private‑sector involvement, giving him a reputation as someone who understands both financial markets and the inner workings of the Fed. Trump has praised Warsh as a decisive leader who could bring a fresh approach to the institution. The nomination comes at a moment when t...
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BCE Slashes 9% of Workforce in Largest Restructuring in Decades

 

BCE Inc., Canada’s largest telecommunications firm, has announced a significant workforce restructuring, marking its most substantial effort in nearly three decades. The Quebec-based company plans to reduce its staff by approximately 4,800 positions in 2024, which amounts to about 9% of its total workforce. This move is aimed at aligning the cost structure with revenue potential across various business segments.

In addition to the workforce reduction, BCE expects to achieve in-year cost savings ranging from C$150 million to C$200 million (approximately $111 million to $148 million). Notably, the company has also made a 3.1% dividend increase, a departure from its usual 5% increase, signaling a strategic shift.

The telecom giant’s quarterly earnings report revealed adjusted earnings per share of C$0.76, surpassing the average analyst estimate of C$0.73. BCE’s decision reflects a proactive approach to adapt to changing market dynamics and optimize its operations.

This restructuring underscores BCE’s commitment to maintaining financial resilience while navigating industry challenges. As the company streamlines its workforce, it aims to position itself for sustained growth and efficiency in the ever-evolving telecommunications landscape.

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