(MENAFN - AFP) Malaysia Airlines will slash 6,000 jobs, trim its route network, and replace its CEO under plans announced Friday to stave off bankruptcy after two air tragedies plunged the already troubled carrier deeper into crisis.
State investment fund Khazanah Nasional, which controls the failing flag carrier, said it would pump 6 billion ringgit ($1.9 billion) into the ...
(MENAFN - AFP) The Danish economy shrank by 0.3 percent in the second quarter, official data showed on Friday, casting doubt on the government's annual growth forecast as demand from European trading partners declined.
Analysts had expected economic output to grow slightly after consumer confidence this month reached levels not seen since 2007.
(MENAFN - AFP) Asian markets were mixed Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data.
While the rise in geopolitical uncertainty prompted investors to buy lower-risk assets such as the yen, despite disappointing economic figures out of Tokyo, comments from Russian President Vladimir ...
(MENAFN - AFP) Malaysia Airlines will slash thousands of staff, trim routes, replace its CEO and could see future stake sales to outside investors under plans announced Friday to save it from bankruptcy after two devastating disasters.
State investment fund Khazanah Nasional, which has taken control of the failing flag carrier, said it planned to pump 6 billion ringgit ($1.9 ...
(MENAFN - AFP) Troubled British supermarket giant Tesco on Friday issued another profits warning and slashed its shareholder dividend by 75 percent, blaming challenging trade and high investment costs.
In reaction to the dire trading update, Tesco shares plunged 8.0 percent to 226.6 pence in early deals on London's FTSE 100 index, which was up 0.23 percent.