Sunday 14 February 2016
 
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Lufthansa signs pay deal with services union

Deutsche Lufthansa, Germany’s national carrier, on Saturday signed an agreement with services union Verdi on pay for about 33,000 ground personnel, the union and the airline said. Germany's largest airline agreed a pay i

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Emirates airline looks to raise debt next year

Dubai's flagship carrier Emirates plans to raise "a lot of" debt next year to help pay off maturing debt of about $1 billion and finance aircraft deliveries, its president Tim Clark said on Sunday. "We have bond

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India to pay $700m Iran oil dues on Oct 12

India will pay the second tranche of $700 million in oil dues to Iran on October 12, sources said, within weeks of paying a similar amount after a July deal that set the roadmap for the lifting of sanctions aimed at Tehran's nuclear activi

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CEOs 'forfeit pay to be linked with top brands'

Chief executive officers are prepared to take a substantial pay cut to work for top well-known brands, according to research from a London Business School academic.   A team led by Nader Tavassoli, professor of M

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Gemalto, Samsung to launch Samsung Pay in Europe

Gemalto, a leader in digital security, has joined forces with Samsung to accelerate the deployment of Samsung Pay through Gemalto’s Allynis Trusted Service Hub (TSH).   Samsung Pay is a simple and secure mo

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BP reaches $18.7bn settlement over deadly 2010 spill

BP will pay up to $18.7 billion in penalties to the US government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in US history. The agreemen

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World Cup insurers ‘likely to refuse pay out on cancellation’

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their Wor

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Facebook raises minimum pay for contractors to $15 per hour

Facebook raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector's elite and the lower-paid workers. Contrac

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Bahraini private hospital selling land to pay staff

A private hospital in Bahrain is reportedly planning to sell off land to raise the money it needs to pay staff. International Hospital of Bahrain (IHB) medical director Dr Abdul Shaheed Naseeb blamed an 80 per cent drop in busines

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Zain Bahrain-Microsoft launch payment facility

Zain Bahrain has, in partnership with Microsoft, launched Zain Pay, a direct mobile operator billing facility for the Windows Phone Store. The first-of-its-kind initiative in Bahrain will now enable Zain customers to charge their

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