By the end of 2023, the airline wants to hire 20,000 people, according to Carsten Spohr, CEO of Lufthansa. In addition to 12,000 new hires for open positions, another 8,000 new hires will take places of departing workers and retirees. Like many other airlines, Lufthansa made layoffs during the...

The US increased its efforts to halt the flow of advanced technology to China by instructing Nvidia Corp. and Advanced Micro Devices to stop sending their flagship artificial intelligence chips to the country.   While the news shocked the chip sector, sending the Philadelphia semiconductor...

Le Figaro writes that the first half of the year brought a combined loss of about €7 billion for the three biggest airlines in China – China Southern Airlines, China Eastern Airlines, and Air China. China Southern Airlines, the carrier with Asia's largest fleet, reported a net loss of 11.4 billion...

On Tuesday, Amazon and Alphabet subsidiary Google slammed Microsoft's cloud computing changes, claiming they limit competition and discourage customers from switching to rival cloud service providers.   The software behemoth announced amended licensing deals and other changes on Monday that...

Bed Bath & Beyond Inc announced on Wednesday that it had secured more than $500 million in new financing and that it would close 150 stores, lay off employees, and revamp its merchandising strategy in an effort to turn around its money-losing business.   However, investors are concerned...

In addition to the €9 billion that the firm has already spent, the German energy giant Uniper has asked the state development bank (Kreditanstalt für Wiederaufbau, KfW) to increase its credit line by an additional €4 billion. This information was posted on the organization's website. The...

Saudi Arabia, the world's largest oil exporter, may reduce October prices for most crude grades it exports to its Asian customers, following a drop in spot premiums as reduced demand for fuel and rising arbitrage cargoes has pressurised prices of oil in the region.  ...

During the first half of the current year, a record number of robots were purchased by North American firms even as the companies struggled to keep factories and warehouses running because of an extremely tight labor market and increased compensation costs.  ...

The Wall Street Journal revealed on Friday, quoting people with knowledge of the situation, that Panasonic Holdings Corp., a provider to electric-car maker Tesla Inc., is in discussions to build a supplemental electric vehicle (EV) battery factory in the United States at an expense of about $4...