Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.
Canada's labor tribunal on Monday declared a strike by Air Canada's flight attendants illegal, a decision that could end a work stoppage which has cancelled travel for half a million people worldwide. Canada's national carrier, which flies directly to 180 cities domestically and abroad, said the strike had forced cancellations impacting 500,000 people.
The All Farmers Association of Nigeria has provided insight into why rice prices in the market are so high, naming those responsible for the surge.
The Central Bank of Nigeria has injected $166 million into the foreign exchange market to stabilise the naira amid sliding forward contracts FX supply decline.
Singapore's non-oil domestic exports slipped 4.6 percent in July from a year earlier, government data showed Monday, as shipments to the United States plunged by more than 40 percent.
In Egypt's Wadi al-Gemal, where swimmers share a glistening bay with sea turtles, a shadowy tourism deal is threatening one of the Red Sea's last wild shores. Hankorab sits inside Wadi al-Gemal National Park, declared a protected area in 2003.
An Australian court fined Qantas Aus$90 million (US$59 million) on Monday for illegally laying off 1,800 ground staff during the Covid-19 pandemic, ending a five-year legal battle over the workers' rights.
The global games industry gathers for the vast Gamescom trade fair in Cologne this week, with hopes that upcoming heavy-hitters like "GTA VI" can help the industry escape its doldrums. Last year's Gamescom drew almost 335,000 people to the Cologne exhibition centre, where studios lay on vast stands with consoles or PCs offering hands-on play with the latest releases.
Asian stocks were mostly higher Monday while oil dipped ahead of talks between Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders in Washington. Zelensky, who will be joined in Washington by European leaders, however called a US offer of security guarantees to Ukraine "historic".
The National Bureau of Statistics has provided a detailed breakdown of Nigeria’s Consumer Price Index (CPI), including food and all-items inflation rates.
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