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TOULOUSE, France/PARIS: Airbus is cutting 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future is at stake after the coronavirus outbreak paralysed air travel.
AFTER five years of often back-breaking work on a Malaysian palm oil plantation, Bangladeshi national Babul told his employer this month he was ready to call it quits.
LONDON: Cineplex Inc said it adopted a shareholder rights plan, popularly known as a “poison pill”, nearly a week after Britain’s Cineworld Group Plc abandoned its US$1.65bil deal to buy the Canadian theatre chain.
THE deterioration of U.S.-China relations is fast and furious, with Washington throwing out accusations of unfair trade practices, unlawful technology transfer and an early cover-up of the coronavirus outbreak, which has claimed over 100,000 American lives.
PEOPLE's Bank of China Governor Yi Gang said the central bank will focus on five measures to support credit provision to the real economy, following the government’s announcement of more "direct” support in its annual policy blueprint released last week.
BEIJING: Chinese President Xi Jinping said he won’t let the world’s second-largest economy return to its days as a planned economy, pushing back against U.S. criticism that the nation has failed to deliver on promised reforms.
BEIJING: China has abandoned its usual practice of setting a numerical target for economic growth this year due to the turmoil caused by the coronavirus pandemic, according to the text of Premier Li Keqiang’s annual policy address on Friday.
LONDON: Despite billions spent by the Swiss National Bank to curb the franc’s advance, traders pushing the currency toward parity with the euro might have their way.