Lufthansa makes lone offer for Italian legacy airline ITA
German airline Lufthansa says it has submitted an offer for a minority stake in Italy’s ITA Airways Spa, formerly Alitalia.
Business
Microsoft to cut 10,000 jobs in March as tech firms, including Amazon, thin ranks
Sector reacts to post-pandemic shift in digital spending and gloomy economic outlook for 2023Microsoft is cutting 10,000 jobs as it cited a post-pandemic shift in digital spending habits and weakness in the global economy.The tech group joined a list o…
Putin foe Browder slams jacked-up fee to attend Davos event
Bill Browder, a leading critic of Russian President Vladimir Putin, criticized the World Economic Forum on social media for jacking up his entrance fee to the annual meeting in Davos that he has attended for the last 27 years.
Amazon Kicks Off Round of Job Cuts Affecting 18,000 People
Amazon has started its biggest-ever round of jobs cuts — a culling that will ultimately affect 18,000 workers around the globe. From a report: Amazon began notifying employees by email early Wednesday, Doug Herrington, the company’s worldwide retail c…
Indian diamond heiress gives up fortune to become child nun
Eight-year-old daughter of wealthy gem dealer follows family’s Jain faith to enter strict religious orderAn eight-year-old girl in India who was due to inherit a multimillion-dollar diamond fortune has instead been admitted as a nun to a strict religio…
Cyprus so far strips 222 people of ‘golden passports’
A government spokesperson says Cyprus has stripped 222 wealthy investors and their family members of citizenship.
Taylor Swift’s Midnights generates $230m in sales for Universal
Star ‘smashed numerous records’ and raised close to 3% of the company’s revenues from recorded music in 2022Taylor Swift’s Midnights album, released in October, helped to generate $230m in sales for her label Universal last year, according to a report …
Retail group: Holiday sales up slower-than-expected 5.3%
Sales growth for the holiday 2022 season slowed more than expected from its blistering pace a year ago as higher borrowing costs and higher inflation made shoppers pull back, according to the nation’s largest retail trade group.
US fines Virgin Atlantic $1 million for flights over Iraq
The U.S. government is fining British airline Virgin Atlantic up to $1.05 million for flying over restricted airspace in Iraq.
Rail strikes cost UK £1bn and settling would have been cheaper, minister admits
Huw Merriman insists the need for reform to working practices made the standoff necessaryRail strikes have cost the UK economy more than £1bn and it would have cost less to settle the dispute with unions over pay and conditions months ago, a government…