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Lufthansa to cut jobs after reporting €2.1 billion loss
4 Jun 2020
Business
The German airline group Lufthansa says it will undergo "far-reaching restructuring" after reporting a net loss of €2.1 billion in the first three months of the year. The changes will include job cuts at its Brussels Airlines and Austrian Airlines brands. Lufthansa's board agreed on Tuesday to a €9 billion German government rescue loan to help it through the crisis. Also today, shares in French carmaker Renault jumped in early trading in Paris after it formally secured a €5 billion government-backed loan to shore up its finances.
US offers $10 million for information on Hezbollah financing
23 Apr 2019
Business
Anyone who can offer information that would help the US disrupt Hezbollah's finances could get a $10 million reward. The US wants information on donors, as well as businesses controlled by the Shiite militant movement.
Uber Says growth outpaces losses
17 Apr 2017
Business
Uber isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time.
Egypt’s external finances improve after float decision
9 Mar 2017
Africa
Egypt’s external finances improved following the Nov. 3 decision to float the pound, the central bank said, as inflows from investments, remittances and exports picked up.
DNC hacked again
14 Sep 2016
World
The head of the Democratic National Committee says the organization has been hacked again by Russian state-sponsored agents.