Business

Cathay Pacific grounds A350 fleet after engine failure
Cathay Pacific grounds A350 fleet after engine failure

Cathay Pacific grounds A350 fleet after engine failure

The Hong Kong carrier said it will inspect all 48 of its Airbus A350 widebody planes after a component of the Rolls-Royce manufactured engine malfunctioned post takeoff. Hong Kong-based Cathay Pacific Airways
4 days ago
Dutch watchdog fines Uber over driver data protection
Dutch watchdog fines Uber over driver data protection

Dutch watchdog fines Uber over driver data protection

A regulator in the Netherlands has slapped ride-hailing app Uber with a €290 million finer for transferring European drivers’ data to the US. The firm described the decision as “extraordinary.” The Dutch data
2 weeks ago
Lufthansa subsidiary Discover Airlines plans strike
Lufthansa subsidiary Discover Airlines plans strike

Lufthansa subsidiary Discover Airlines plans strike

The four-day strike is scheduled to start on Tuesday, trade unions representing pilots and cabin crew said. Founded in 2021, the airline operates 27 aircraft from Munich and Frankfurt to a range
2 weeks ago
Botswana unearths world's second-largest diamond
Botswana unearths world's second-largest diamond

Botswana unearths world’s second-largest diamond

Botswana’s President Mokgweetsi Masisi was quick to view and pose with the vast gemstone. Diamonds are a key export for the country, although the company that unearthed the diamond is based in
2 weeks ago
Germany: Industrial orders up for first time in 6 months
Germany: Industrial orders up for first time in 6 months

Germany: Industrial orders up for first time in 6 months

Amid slow economic growth figures, German companies have seen the first month-on-month rise in orders this year. But second-quarter figures overall were still down. German manufacturers received some good news on Tuesday, with
1 month ago
Germany’s unemployment rises as economic growth stalls
Germany’s unemployment rises as economic growth stalls

Germany’s unemployment rises as economic growth stalls

July has seen an unexpected jump in unemployment in Germany, with over 2 million people left jobless. The German social welfare system braces itself for spending more on welfare support than planned.
1 month ago
German economy contracts unexpectedly in second quarter
German economy contracts unexpectedly in second quarter

German economy contracts unexpectedly in second quarter

New data shows that Germany’s economic output fell by 0.1% compared to the first quarter. The news dampens prospects of a recovery in Europe’s largest economy. Germany’s economy unexpectedly shrank in the
1 month ago

Large-scale money laundering network uncovered

The Halle-Vilvoorde public prosecutor’s office and federal judicial police have uncovered a large-scale money laundering network. During 13 house searches in Halle-Vilvoorde, Brussels, Mons, Walloon Brabant and Charleroi, eight people were arrested.
2 months ago
Germany: Tesla given go-ahead for Berlin factory expansion
Germany: Tesla given go-ahead for Berlin factory expansion

Germany: Tesla given go-ahead for Berlin factory expansion

German authorities have granted Elon Musk’s Tesla permission to expand its Gigafactory just outside Berlin. The original plans sparked resistance from locals worried about the environmental impacts. US electric vehicle giant Tesla
2 months ago
German industrial orders decline amid weak foreign demand
German industrial orders decline amid weak foreign demand

German industrial orders decline amid weak foreign demand

The fifth consecutive decline in factory orders and a fall in demand from abroad point to “subdued” industrial activity in the coming months. The Federal German statistics office, Destatis, said Thursday that factory orders
2 months ago
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