Wednesday, 22 May 2019
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Vodafone says to cut up to 1,200 jobs in Spain

MADRID: Vodafone said it planned to cut up to 1,200 jobs in Spain as it streamlines its organisation to cope with a drop in revenue and profits in a fiercely competitive telecommunications market. In a statement, the group said it would kick off consultations with worker representatives at the end ...

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China-Russia trade volume tops $100b

BEIJING: Trade volume between China and Russia exceeded 100 billion U.S. dollars by mid-December 2018, a record high, the Ministry of Commerce (MOC) announced Thursday. Sino-Russia trade growth outpaced those between China and its other major trade partners, according to MOC spokesperson Gao Feng, calling 2018 a “genuinely fruitful year” ...

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Amazon CEO Bezos and wife to end 25-year marriage

SAN FRANCISCO: Amazon CEO Jeff Bezos, who is the wealthiest man in the world, said that he and his wife are divorcing after 25 years of marriage. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” he ...

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Iran, India move closer on trade as EU stalls

Iran will boost trade with India as the European Union struggles to find a way to circumvent a fresh US embargo on Tehran, Iranian Foreign Minister Javad Zarif said. Brussels is working on a payment mechanism to keep financial transactions flowing with Iran, after the US ditched the 2015 nuclear ...

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German airports strike slashes 600 flights

BERLIN: Almost 640 flights were cancelled in Germany Thursday as security staff went on strike at three airports, meaning disruption for around 100,000 passengers. The number of flights blocked was more than half the 1,050 planned for Duesseldorf, Cologne-Bonn and Stuttgart. Duesseldorf — the country’s third-largest airport — said in ...

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Brazil looks at privatizing or closing 100 state firms

BRASÍLIA: Brazil’s new government led by far-right President Jair Bolsonaro intends to “privatize or close” around 100 state enterprises to cut public debt, the government said Tuesday. The program is not expected to include Brazil’s most prestigious state-owned companies such as oil giant Petrobras or power firm Eletrobras, considered corporate ...

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Nationwide trade union strike enters 3rd day in India

NEW DELHI: The nationwide strike called by Central Trade Unions (CTUs) across India entered 3rd straight day to protest against the government’s alleged anti-worker policies and unilateral labor reforms. Reports of strikes were pouring in from many states like West Bengal, Odisha, Assam, Tripura, Kerala and Karnataka. The protesting unions ...

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