Tag #Cost Reduction

kathimerini.gr
🌐 65% Global Worthiness
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Greece shifts low-cost electricity hours to daytime

Greece implemented a new two-zone low-cost electricity system, shifting it to daytime hours; most consumers transitioned automatically, but about 150,000 with older meters must apply via DEDDIE's website by February 1st, 2025, to switch; the aim is to improve access to cheaper electricity during off...

Progress

36% Bias Score

Affordable and Clean Energy
elmundo.es
🌐 85% Global Worthiness
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Repsol Cuts Refinery Costs to Battle US Competition and Fuel Transition

Repsol is aggressively cutting costs at its five Spanish refineries using AI and operational improvements to compete with cheaper US energy and the rise of renewable fuels, investing in employee training while aiming for greater self-sufficiency and long-term energy contracts.

Progress

32% Bias Score

Affordable and Clean Energy
cbsnews.com
🌐 85% Global Worthiness
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NASA Revises Mars Sample Return Plan, Cuts Costs

Facing an \$11 billion price tag, NASA scrapped its original Mars sample return plan and devised two cheaper alternatives, using either a modified sky crane or a commercial lander to bring samples back to Earth between 2035 and 2039, pending congressional funding.

Progress

44% Bias Score

No Poverty
forbes.com
🌐 75% Global Worthiness
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Climate Tech Investment Dips Amidst Economic Headwinds

Global climate tech investment fell to \$56 billion in 2024, down from \$78 billion in 2023, due to investor caution and the cost barrier for sustainable products, impacting startups' sales.

Progress

40% Bias Score

Climate Action
sueddeutsche.de
🌐 75% Global Worthiness
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Brose to Cut 700 Jobs Amidst Revenue Shortfall

German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...

Progress

44% Bias Score

Decent Work and Economic Growth
euronews.com
🌐 % Global Worthiness
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Deutsche Bank Cuts Jobs, Invests in India

Deutsche Bank cuts 111 senior managers to slash costs and improve its private banking division's performance. Simultaneously, the bank invests heavily in India's growth.

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0% Bias Score

forbes.com
🌐 95% Global Worthiness
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DeepSeek's $5.5 Million AI Model Upends the AI Market

DeepSeek's DeepSeek-R1-Zero, the first large-scale AI model trained purely with reinforcement learning, cost only $5.576 million to train, compared to GPT-4's reported $100 million, significantly lowering AI development costs and challenging traditional notions of competitive advantage in the field.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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BP Announces 7,700 Job Cuts in Cost-Cutting Drive

BP, a British oil firm, announced 4,700 job cuts and 3,000 contractor reductions on Thursday, aiming for $2 billion in cost savings by 2026, primarily impacting office-based roles and potentially impacting its energy transition commitments.

Progress

40% Bias Score

Decent Work and Economic Growth
china.org.cn
🌐 85% Global Worthiness
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China Expands Medical Insurance, Cutting Drug Prices by 63%

China's National Healthcare Security Administration added 91 drugs to its medical insurance scheme in 2024, reducing patient costs by an estimated 7 billion USD and expanding coverage for various diseases, including tumors, diabetes, and rare diseases.

Progress

40% Bias Score

Good Health and Well-being
abcnews.go.com
🌐 85% Global Worthiness
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VW Averts Plant Closures, Cuts 35,000+ Jobs in Wage Deal

Volkswagen reached a wage deal with its 120,000 German workers, avoiding plant closures until 2030 but involving over 35,000 job cuts through buyouts and early retirement to address lagging sales, rising costs, and Chinese competition; the deal saves VW €1.5 billion yearly in labor costs and €4 bill...

Progress

36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Suncor's Efficiency Drives Record Profits and Shareholder Returns

Suncor Energy surpasses debt targets, implements cost-saving measures, and returns record profits to shareholders.

Progress

0% Bias Score

cnbc.com
🌐 % Global Worthiness
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Nissan's Financial Crisis and Restructuring

Nissan reports significant losses, announces major job cuts and cost reductions.

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0% Bias Score