FILE PHOTO: The logo of SoftBank Group Corp is displayed

Airbus defense division plans to cut more than 2,300 jobs

(Reuters) – The defense business of Airbus <AIR.PA> on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market and postponed defense contracts. The aircraft maker said its Airbus Defense and Space division had entered consultation with the company’s European works council on the planned cutbacks. The plan foresees the […]

Trump, Republican committee raised more than $60 million during January impeachment trial: campaign

WASHINGTON (Reuters) – U.S. President Donald Trump’s re-election campaign and his Republican Party raised more than $60 million in January, against the backdrop of impeachment that threatened Trump’s presidency. The Democratic-led House of Representatives impeached Trump on Dec. 18, making him only the third president in history to have that mark on his legacy. But […]

Germany’s ‘misery continues’ as industrial orders fall unexpectedly

By Michael Nienaber BERLIN (Reuters) – German industrial orders fell unexpectedly in November on weak foreign demand and a lack of major contracts, data showed on Wednesday, suggesting that a manufacturing slump will continue to curtail growth in Europe’s largest economy. Germany’s export-dependent manufacturers are struggling with sluggish demand from abroad as well as business […]