Air France-KLM said Wednesday it cut its losses in the first quarter of 2016 but passenger traffic to Paris was affected by terror attacks.
Qatar's state-funded broadcaster Al-Jazeera announced a fresh round of job cuts with around 500 positions being lost.
Kazakhstan Labor Inspection has prohibited ArcelorMittal Temirtau to cut wages and the company plans to file a protest.
ArcelorMittal Temirtau, a steel giant in Kazakhstan, is cutting wages of all its employees by 25 percent starting from August 1.
As part of state-wide austerity measures, Kazakhstan cuts expenditures of its ministries.
Kazakhstan’s Ministry of Foreign Affairs is cutting its spendings on costly trips abroad amid the current global economic crisis.
ArcelorMittal Temirtau Director General has asked the company's personnel to understand the difficult financial situation and take the 25% wage cuts.
Ukraine said it had struck a gas deliveries deal with Norway's energy giant Statoil aimed at helping it avert the consequences of a cut in Russian supplies.
Panasonic is set to cut its chip division workforce in half, axing thousands of jobs as the electronics giant overhauls its battered balance sheet after record losses.
The US military has fewer ships to send as reinforcements in a crisis because of budget cuts that have slashed funds for maintenance and training.
Russian officials reacted coldly to the call by President Barack Obama to jointly reduce nuclear weapons stockpiles by a third.
Kazakhmys Corporation has axed salaries of its administrative personnel by almost one third.
Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.
The developing world's rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe's wealthiest nations.
Gains in life expectancy across Europe could be reversed if cash-strapped governments cut health budgets.
An $85 billion dollar austerity time bomb was to detonate against the US economy Friday, as President Barack Obama blamed a Republican refusal to compromise for a failure to avert "dumb" spending cuts.
With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.
Barack Obama may have the upper hand against Republicans in a high-risk new spending showdown, but a drawn-out clash would likely damage the economy and put his presidential legacy on the line.
For the first time since the mid-1990s, sales of the 100 biggest arms dealers excluding China declined in 2011 as the economic crisis prompted budget cuts.
US President Barack Obama will use his State of the Union address on Tuesday to call for dramatic cuts in nuclear arsenals around the world.
- Middle East & Africa
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