World - Global Business & Economy

ZF, which helps carmakers develop gearboxes and hybrid drivetrains, said in an email to employees that half of the 12,000-15,000 job cuts would be...

Economic sectors with the focus on consumer demand staged the sharpest contraction in April, the first full month of coronavirus lockdown in Russia, the...

Amazon on Thursday said it is offering permanent jobs to 125,000 of the temporary workers hired to handle surging use of its online shopping service...

Brazil shed five million jobs in the first quarter as Latin America's biggest economy felt the first effects of the economic shock caused by the...

The number of people in France looking for jobs surged in April by 22.6% to a record high as a nationwide coronavirus lockdown shut down...

State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic. The loss-making national carrier, which...

American Airlines will cut 30 percent of its management and support staff in its latest belt-tightening move during the prolonged COVID-19 downturn, the company disclosed...

The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained...

Scandinavian airline SAS said on Thursday that its quarterly loss deepened as air travel was devastated by coronavirus lockdowns. The carrier, which has practically stopped operating,...

EasyJet will axe up to 4,500 jobs, or almost one third of its staff, the British no-frills airline said Thursday, as the coronavirus ravages demand...