Cuts

One of the UK’s biggest funders of new and emerging music, responsible for fostering the careers of artists including Sam Fender, Little Simz and 2021 Mercury prize winner Arlo Parks, has this week seen its budget slashed by 60%.The PRS Foundation, which funds hundreds of aspiring artists and music organisations across the country – including a number of artists from groups underrepresented in the music industry – announced on Wednesday that its income would be cut from £2.75m to £1m from 2024 onwards, citing financial…

Striking Distance Studios founder Glen Schofield has announced that upcoming horror game The Callisto Protocol “no longer takes place in the PUBG universe”, admitting it may have been “a little out there”. Taking to Twitter yesterday (May 26), Schofield shared that “ is its own story and world” and “no longer takes place in the PUBG universe.” “It was originally part of the PUBG timeline, but grew into its own world. PUBG is awesome, & we will still have little surprises for fans, but is its own world, story and…

Delta airlines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta. Camilo Freedman | Lightrocket | Getty ImagesDelta Air Lines is cutting about 100 flights a day from July 1 through Aug. 7, becoming the latest carrier to scale back capacity in hopes of avoiding flight disruptions for thousands of travelers.The summer cuts represent about 2% of Delta's scheduled departures. Other carriers including JetBlue Airways and Spirit Airlines have also trimmed schedules to give their operations more…

Albert Bourla, Pfizer CEO, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galici | CNBCPfizer's CEO said Wednesday that he "wouldn't worry much" about a recent monkeypox outbreak that has seen cases surge in non-endemic countries.Albert Bourla told CNBC that current data on the disease suggests it doesn't transmit as easily as other viruses, such as Covid-19, and that it is unlikely to lead to a pandemic."I don't have all the information ahead of me. With everything I know, I wouldn't worry much," he said at the…

Dick’s Sporting Goods said first-quarter sales fell 7.5% from a year earlier. Photo: Joe Raedle/Getty Images…

Toyota is planning another short-term output trim globally in response to the ongoing shortage of parts caused by the worldwide semiconductors shortage as well as pandemic impacts. The Toyota global production plan for June is now approximately 850,000 units (250,000 units in Japan and 600,000 units overseas), around 100,000 units fewer than the previous plan. However, the company stuck to its plan to make 9.7 million vehicles globally…

The Indian government has finally listened to the concerns of common citizens and has reduced the excise duty on petrol by Rs 8 per litre while dropping the same on diesel by Rs 6 per litre. Essentially, this implies that the overall price of petrol will be reduced by Rs 9.5 per litre and the price of diesel will be reduced by Rs 7. Finance Minister Nirmala Sitharaman announced the duty reductions yesterday on Twitter in a series of tweets. The FM has also asked state governments to lower the fuel costs, particularly…

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada.Artur Widak | Nurphoto | Getty ImagesBath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary pressures.The stock fell more than 5% after hours, following an 8.6% decline during the trading day, amid a broader market selloff.The company said in prepared remarks that it has been facing…

Weber’s initial public offering at the New York Stock Exchange last year. The grill seller reported a loss for its latest quarter. Photo: Richard Drew/Associated Press…

San Francisco-based Twitter has agreed to be acquired by Elon Musk in a $44 billion deal. Photo: amy osborne/Agence France-Presse/Getty Images…