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Business 02 Sep 2010 | 12:00 AM Premium

Spain halves deficit with painful austerity cuts

MADRID: Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts - good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.

Business 15 Mar 2003 | 12:00 AM Premium

US airlines say Iraq war could cost 70,000 jobs

US airlines could slash 70,000 more jobs and annual losses would reach US$10.7 billion if there were a war against Iraq, the biggest domestic carriers said on Tuesday.