Saturday, 18 January 2020

Business

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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Facebook CEO plans 2019 forums on tech’s role in society

NEW YORK: Facebook Chief Executive Mark Zuckerberg unveiled his personal goal for 2019: convening a series of public forums on how technology can better serve society. “My challenge for 2019 is to host a series of public discussions about the future of technology in society – the opportunities, the challenges, ...

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Dutch refuse Ryanair’s right to fire pilots and cabin crew

AMSTERDAM: Dutch authorities have denied Ryanair the right to lay off pilots and crew members who refused to move away from the Netherlands following the contested closure of the company’s base in the country. Ryanair said last month that it would fire 16 Dutch pilots and 15 cabin crew members ...

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World Bank president to resign next month

WASHINGTON: The World Bank has confirmed a recent report on its current President Jim Yong Kim’s decision to resign, also naming an interim president. The World Bank has announced that Kristalina Georgieva will assume the role of interim president effective February 1. The organisation also confirmed that Jim Yong Kim ...

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Daimler to invest $573mn in autonomous trucks

FRANKFURT: German luxury carmaker Daimler will invest 500 million euros ($573 million) in the coming years to develop highly autonomous trucks, it said on Monday, a move that will create more than 200 jobs. The spending plans are part of Daimler’s “global push to bring highly automated trucks (SAE level ...

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Why the UK can still be strong after Brexit

PARIS: Britain can still punch above its weight globally even after it exits the European Union, Foreign Secretary Jeremy Hunt said on Wednesday ahead of a key parliamentary vote at home. Although Britain is neither a superpower nor in possession of an empire, the country still has the military might, ...

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