Wednesday 2 September 2015
 
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Daimler to cut another 1,500 jobs at Brazil truck plant

Daimler said it was cutting another 1,500 jobs at a trucks plant in Brazil in response to a slump in demand in the country. The affected employees at the Sao Bernardo do Campo factory near Sao Paolo were notified on Friday, a spok

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Daimler to cut another 1,500 jobs at Brazil truck plant

Daimler said it was cutting another 1,500 jobs at a trucks plant in Brazil in response to a slump in demand in the country. The affected employees at the Sao Bernardo do Campo factory near Sao Paolo were notified on Friday, a spok

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Bahrainis to be compensated for subsidy cuts

An agreement has been reached for Bahrainis to receive compensation for subsidy cuts, a senior MP said yesterday (August 16). Adel Al Assoumi, chairman of a joint parliamentary committee, said it was agreed that all Bahrainis must benefit from

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Tata Motors cuts sales, production targets for JLR in China

Tata Motors has cut prices, sales and production targets at its luxury Jaguar Land Rover (JLR) arm in China, a top executive said, as it struggles with high inventories in a slowing market. Economic growth in China, the world'

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Tata Motors cuts sales, production targets for JLR in China

Tata Motors has cut prices, sales and production targets at its luxury Jaguar Land Rover (JLR) arm in China, a top executive said, as it struggles with high inventories in a slowing market. Economic growth in China, the world'

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Subsidies set to be slashed for expats in Bahrain

Expats and businesses will no longer receive the majority of government subsidies in Bahrain, it was confirmed yesterday (July 29). However, Bahrainis will continue to enjoy subsidies on electricity and water in their homes, as well as on essent

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India AIDS fight hit by funding crisis

India's fight against AIDS is being jeopardised by a cut in social spending by Prime Minister Narendra Modi's government, with health workers being laid off and programmes to prevent the spread of the deadly disease curtailed.

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WTO in $1.3 trillion deal to cut IT products import tariffs

The World Trade Organization finalised a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force.

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Britain cuts Lloyds stake as full privatisation looms

Britain has cut its stake in Lloyds Banking Group by a further percentage point to under 15 per cent, accelerating its drive to return the bailed-out lender to full private ownership. The latest sale means the government has so fa

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Tata Steel may cut up to 720 jobs in Britain

Tata Steel, Britain's largest steelmaker, may cut up to 720 UK jobs in a revamp of its speciality and bar business, which has been hit by cheap imports and high energy costs, it said on Thursday. Most of the jobs at risk are a

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