(Reuters) – IAG-owned British Airways <ICAG.L> is expected to announce a suspension of about 36,000 of its employees, BBC News reported on Wednesday. The airline has reached a broad deal with Unite union that will include suspension of jobs of 80% of BA’s cabin crew, ground staff, engineers and those working at head office, the […]
HONG KONG (Reuters) – Hong Kong finance secretary Paul Chan said on Monday the government was considering a more “competitive” tax arrangement to attract private equity funds to the city and further relief measures to prop up an economy facing recession. Speaking at a regional finance forum, Paul Chan did not offer further details on […]
FRANKFURT/PARIS (Reuters) – The chief executive of Volkswagen <VOWG_p.DE> said Luca de Meo, who stepped down as chief executive of the German carmaker’s Spanish Seat brand this month, was probably in talks with French carmaker Renault <RENA.PA>. The Italian-born de Meo has served as chairman of Seat’s executive committee for four years, overseeing a resurgence […]
