Southwest Airlines is cutting 15% of its corporate workforce, or 1,750 employees, the carrier announced. These are the first major layoffs in the airline’s 53-year history and come […]
Economy
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Southwest Layoffs Will Take 15% of Its Work Force
Southwest Airlines on Monday announced plans to cut 15 percent of its work force, marking the first round of broad layoffs in the airline’s 53-year history. The company […]
Economy
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China’s Xi promises policy stability at meeting with business leaders, including Alibaba’s Jack Ma
BANGKOK (AP) — China’s President Xi Jinping met with private sector business leaders on Monday, offering them assurances that policies regarding the private sector would not change, state […]
Economy
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Japan’s economy expands for third straight quarter
Japan’s economy expanded for the third straight quarter, according to recent reports. The robust growth is a positive sign for the country’s economic recovery. The expansion is attributed […]
Economy
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Africa’s Richest Man Doubled His Fortune On A Massive — And Risky — $23 Billion Bet
Nigerian billionaire Aliko Dangote broke his government’s oil monopoly by building the largest petroleum refinery in Africa. After 11 years and $23 billion in investment, the Dangote Refinery […]
Economy / Markets
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Asia shares cautiously higher, yen buoyed by upbeat GDP
SYDNEY, Feb 17 (Reuters) – Asia share markets crept higher on Monday as Hong Kong’s tech sector stole the limelight, while upbeat Japanese economic growth contrasted with a […]
Economy / Technology
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China’s Xi Urges Entrepreneurs to ‘Show Their Talents’ in Support of Private Business
Chinese President Xi Jinping delivered a speech at a rare closed-door symposium with prominent entrepreneurs on Monday, urging them to “show their talents” in a “new era” for […]
Economy
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Anti-Musk Protest Movement Expected to Intensify as Congress Goes on Recess
NEW YORK (AP) — While Donald Trump is the president, billionaire Elon Musk has become the focal point for thousands of Democratic activists launching a protest campaign this […]
Economy
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German Voters Demand Change as Europe’s Biggest Economy Stalls
GELSENKIRCHEN, Germany, Feb 17 (Reuters) – Lars Baumguertel, a 58-year-old executive, runs one of the last surviving manufacturers in Gelsenkirchen, a former coal town in the industrialized Ruhr […]
Economy
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Germany’s Next Government Faces the Challenge of Reviving a Stagnant Economy
MULFINGEN, Germany (AP) — Germany needs a new business model. The old one, fueled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving […]