Latest

Germany's Lufthansa to slash 4,000 jobs by 2030
Germany's Lufthansa to slash 4,000 jobs by 2030
Economy
by  AFP

German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy. Lufthansa's announcement comes just days after another major German company, industrial giant Bosch, said it would cut 13,000 jobs, or three percent of its global workforce.

Embattled Australia telco giant hit by another major outage
Embattled Australia telco giant hit by another major outage
Economy
by  AFP

Australian telecommunications giant Optus said Monday it had suffered a network outage that prevented calls to emergency services, just over a week after a similar interruption of service linked to four deaths. The outage prevented calls to emergency services, with four deaths now linked to the outage.