• Lufthansa to slash 22,000 full-time jobs

      Lufthansa to slash 22,000 full-time jobs

      German airline Lufthansa said on Thursday that it would have to cut 22,000 full-time jobs as it forecasts a muted recovery in demand for travel following the coronavirus pandemic, news wires reported. The group will operate about 100 less aircraft after the crisis, leading to "a total of 22,000 fewer full-time positions in the Lufthansa Group, half of them in Germany". The posts make up 16% of the Lufthansa Group's total workforce of 135,000.

      55
    • IBM ends all facial recognition business

      IBM ends all facial recognition business

      IBM CEO Arvind Krishna announced today that the company would no longer sell facial recognition services, calling for a “national dialogue” on whether it should be used at all. He also voiced support for a new bill aiming to reduce police violence and increase accountability.

      47
    • First Arab mission to Mars to launch in July

      First Arab mission to Mars to launch in July

      The first Arab space mission to Mars is ready for a mid-July start, news wires reported. Named Amal, meaning Hope, the robotic craft is due to lift off from the Japanese island of Tanegashima during a narrow launch window about 14 July. It will pass the 493 million km to the Red Planet for about seven months, and then will remain in Martian orbit for an entire Martian year, 687 days, to gather sufficient data.

      65
    • UK, Japan free trade talks kick off

      UK, Japan free trade talks kick off

      Britain and Japan launched free trade negotiations Tuesday as the two large economies seek to seal a post-Brexit deal, said British Secretary of State for International Trade Elizabeth Truss. Talks are held via video conference and kicked off by Truss and Japanese Minister for Foreign Affairs Toshimitsu Motegi.

      62
    • BP to slash 10,000 jobs worldwide this year

      BP to slash 10,000 jobs worldwide this year

      Energy giant BP announced on Monday that its global workforce will be cut by 10,000 jobs following the widespread economic fallout from the coronavirus pandemic and the resulting slump in oil prices, news wires reported. The company’s current global workforce is 70,000.

      43
    • Vietnam ratifies EU Free Trade Deal

      Vietnam ratifies EU Free Trade Deal

      Vietnam's National Assembly (NA) on Monday approved a wide-ranging free trade agreement with the EU, signed in 2019, news wires reported. It was passed by 457 Vietnamese lawmakers or 100% of deputies present at the voting, with 26 abstentions. In an unusual development and show of transparency, the voting procedures were broadcast live on the national TV.

      196