Britain’s Guardian newspaper adopted a new tabloid format and a re-designed masthead with simple black lettering from Monday as part of a drive to cut costs. The left-leaning newspaper previously had a blue and white masthead and in 2005 had adopted a Berliner format, midway between a broadsheet and a tabloid. “Our move to tabloid format is a big step towards making The Guardian financial sustainable,” the paper’s editor-in-chief Katharine Viner said in a piece for the first new edition. She called it “bold, striking and beautiful.” Speaking at the relaunch, she vowed that “Guardian journalism itself will remain what it has always been: thoughtful, progressive, fiercely independent and challenging; and also witty, stylish and fun.” The Guardian is selling or scrapping its three presses worth £80 million (90 million euros, $110 million) to cut costs and printing will be outsourced to tabloid-format presses run by Trinity Mirror media group. The website, which attracts 150 million monthly unique browsers worldwide, has also undergone a redesign. The company is aiming to break even by April 2019, mainly through cutting costs and boosting digital ad revenue to make up for a sharp decline in print ad revenue. The first tabloid edition’s main front-page photograph was of Chelsea Manning, the whistleblower whose leaked diplomatic cables were published by the Guardian, and who is now running for the U.S. Senate. Tabloid rival The Sun poked fun at its highbrow competitor, boasting on its front page that it was “20p less than The Mirror, £1.50… [Read full story]
HA NOI - As many as 83 major companies and four banks in the country have registered to cut operational costs by some VND13 trillion (US$624 million) in a bid to stay afloat in the economic downturn, the Ministry of Finance said. The companies have announced their intent to cut management costs by VND3 trillion ($144 million) and other input costs like raw materials and energy by VND9.4 trillion ($451 million), accounting for 24.7 and 75.3 per cent of the total savings, respectively. Four leading banks Vietcombank, Vietinbank, Agribank and BIDV will cut a combined VND735 billion of their operational…... [read more]
A total of 83 state-owned enterprises and four banks have promised to cut operating costs by VND13.242 trillion (USD634.49 million) by early May. State-owned enterprises urged to cut costs State-owned corporations and groups have committed to slash their management expenses by over VND3 trillion (USD143.74 million) in 2012, the Ministry of Finance (MoF) said. They have also registered to cut spending on materials and energy by over VND9.418 trillion (USD451.26 million) during the year. As of May 9, four banks pledged to reduce their costs for this year by over VND735 billion (USD35.21 million). The banks making the pledge included…... [read more]
Embattled Australian carrier Qantas said Thursday it will slash at least 500 jobs, cut costs and close two routes after posting an 83 per cent slump in first half net profits. The airline's result in the six months to December came in at Aus$42 million ($US44.8 million), compared to Aus$241 million in the previous corresponding period, due to high fuel costs and the grounding of its fleet in October. Chief executive Alan Joyce pulled all the airline's planes out of the skies for 48 hours as part of a row with staff over plans to shift the focus of its…... [read more]
HA NOI — As many as 83 major companies and four banks in the country have registered to cut operational costs by some VND13 trillion (US$624 million) in a bid to stay afloat in the economic downturn, the Ministry of Finance said. The companies have announced their intent to cut management costs by VND3 trillion ($144 million) and other input costs like raw materials and energy by VND9.4 trillion ($451 million), accounting for 24.7 and 75.3 per cent of the total savings, respectively. Four leading banks, Vietcombank, Vietinbank, Agribank and BIDV will cut a combined VND735 billion ($35 million) of…... [read more]
To cut costs, Elon Musk's SpaceX company has shrunk the size of the rocket ship it is developing to go to Mars, aiming to start construction on the first spaceship in the first half of next year, Musk said on Friday. SpaceX plans its first trip to the red planet in 2022, carrying only cargo, to be followed by a manned mission in 2024, Musk, who serves as chief executive and lead designer of Space Exploration Technologies, said at a conference in Adelaide. NASA's first human mission to Mars is expected about a decade later. Musk had previously planned to…... [read more]
