Lufthansa’s Swiss unit plans 1,000 job cuts over two years through attrition

VIENNA – Lufthansa unit Swiss International Air Lines plans to cut roughly 1,000 jobs over the next two years through voluntary measures rather than layoffs, its outgoing Chief Executive Thomas Kluehr said in remarks published on Saturday. The Swiss government has granted the airline more than 1 billion euros ($1.17 billion) in loan guarantees to […]

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Paytm, other Indian startups vow to fight ‘big daddy’ Google’s clout: sources

NEW DELHI – Dozens of India’s technology startups, chafing at Google’s local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including by lodging complaints with the government and courts, executives told Reuters. Although Google, owned by Alphabet Inc, has worked closely with India’s booming startup sector and […]

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Global stocks rise as signs of Trump’s improving health calm markets

NEW YORK – U.S. stocks closed sharply higher and crude prices surged Monday as renewed optimism surrounding stimulus negotiations and news of President Donald Trump’s health progress helped calm investor anxiety. U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued talks toward a bipartisan agreement on a new pandemic relief package. That revived […]

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