Business

Nokia to cut 1,200 jobs at Alcatel-Lucent in France

PARIS, France (AFP) -- Nokia plans to eliminate 1,233 jobs at its Alcatel-Lucent subsidiary in France, slashing its workforce in…

Dubai ports giant ‘prepares for worst’ as virus impact looms

by Sarah Stewart and Omar Hasan DUBAI, United Arab Emirates (AFP) -- The giant Dubai-based ports operator DP World is…

New Zealand takes biggest economic hit in 29 years

WELLINGTON, United States (AFP) -- New Zealand's economy suffered its biggest contraction in 29 years during the first three months…

World stocks power ahead on rapid recovery hopes

NEW YORK, United States (AFP) -- Global stocks powered higher Tuesday as strong US retail sales data bolstered confidence in…

Japan economy better than feared but still in recession

TOKYO, Japan (AFP) --  Japanese growth figures were better than initially feared in the first quarter, according to official data…

Russia to spend over $70 billion on virus recovery plan

MOSCOW, Russia (AFP) -- Russia plans to spend about $72 billion (65 billion euro) on a plan to restore the…

Shares in Latin America’s biggest airline plunge after bankruptcy filing

by Miguel SANCHEZ SANTIAGO, Chile (AFP) -- Shares in Latin America's largest airline plunged on the New York and Santiago…

Singapore warns of worst economic contraction since independence

SINGAPORE, Singapore (AFP) -- Singapore's embattled economy could shrink by as much as seven percent this year, which would be…

US layoffs surpass 38.6 million as lawmakers debate stimulus

  by Chris Stein Agence France Presse WASHINGTON, United States (AFP) -- Job losses in the United States are slowing…

DOF reports dive in tax, customs collections for this year amid COVID crisis

P706.85-B collected from Jan-April much lower compared to P900.33-B collected for same period last year (Eagle News) -- The Department…

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