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Air France KLM narrows losses, warns of turbulence as pilots' pay cut
Air France KLM narrows losses, warns of turbulence as pilots' pay cut

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.

Air France KLM narrows losses, warns of turbulence as pilots' pay cut
Qatar-based Al-Jazeera English's acting managing director, Giles Trendle, executive director of global communication, Abdulla al-Najjar, journalist Baher Mohamed and Al-Jazeera Media Network's acting
Al-Jazeera says to cut around 500 jobs

Qatar's state-funded broadcaster Al-Jazeera announced a fresh round of job cuts with around 500 positions being lost.

Al-Jazeera says to cut around 500 jobs
Photo © RIA Novosti
ArcelorMittal Temirtau and local labor authorites locked in battle over wages cuts

Kazakhstan Labor Inspection has prohibited ArcelorMittal Temirtau to cut wages and the company plans to file a protest.

ArcelorMittal Temirtau and local labor authorites locked in battle over wages cuts
©Reuters
ArcelorMittal Temirtau cuts wages by 25%

ArcelorMittal Temirtau, a steel giant in Kazakhstan, is cutting wages of all its employees by 25 percent starting from August 1.

ArcelorMittal Temirtau cuts wages by 25%
Ministry of Internal Affairs of Kazakhstan ©Marat Abilov
Kazakh ministries see their budgets cut

As part of state-wide austerity measures, Kazakhstan cuts expenditures of its ministries.

Kazakh ministries see their budgets cut
Photo courtesy of ahtubatv.ru.
Kazakh Foreign Ministry cuts spending on costly trips abroad

Kazakhstan’s Ministry of Foreign Affairs is cutting its spendings on costly trips abroad amid the current global economic crisis.

Kazakh Foreign Ministry cuts spending on costly trips abroad
©RIA Novosti
ArcelorMittal Temirtau asks workers to yield to wage cuts

ArcelorMittal Temirtau Director General has asked the company's personnel to understand the difficult financial situation and take the 25% wage cuts.

ArcelorMittal Temirtau asks workers to yield to wage cuts
Ukraine reports Norway gas deal to counter Russian cut
Ukraine reports Norway gas deal to counter Russian cut

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.

Ukraine reports Norway gas deal to counter Russian cut
©Reuters/Rick Wilking
Panasonic to slash chip business workforce in half: reports

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.

Panasonic to slash chip business workforce in half: reports
US Navy will have fewer reinforcements in a crisis
US Navy will have fewer reinforcements in a crisis

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.

US Navy will have fewer reinforcements in a crisis
Deputy of Russian prime minister Dmitry Rogozin. ©RIA NOVOSTI
Moscow gives Obama's nuclear cuts proposal cool reception

Russian officials reacted coldly to the call by President Barack Obama to jointly reduce nuclear weapons stockpiles by a third.

Moscow gives Obama's nuclear cuts proposal cool reception
Illustration by Tengrinews.kz
Kazakhmys cuts administrative salaries by third: media

Kazakhmys Corporation has axed salaries of its administrative personnel by almost one third.

Kazakhmys cuts administrative salaries by third: media
Portugal PM announces severe spending cuts
Portugal PM announces severe spending cuts

Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.

Portugal PM announces severe spending cuts
Developing world's rise heralds global shift: UN
Developing world's rise heralds global shift: UN

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.

Developing world's rise heralds global shift: UN
©REUTERS/Susana Vera
Downturn threatens Europe's life expectancy gains: WHO

Gains in life expectancy across Europe could be reversed if cash-strapped governments cut health budgets.

Downturn threatens Europe's life expectancy gains: WHO
©REUTERS
$85 billion austerity hit lines up US economy

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.

$85 billion austerity hit lines up US economy
Looming US cuts raise fears for world's poor
Looming US cuts raise fears for world's poor

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.

Looming US cuts raise fears for world's poor
US President Barack Obama speaks.
High risks for Obama in new spending fight

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.

High risks for Obama in new spending fight
Crisis-hit arms market shrinks, first time since 1994: SIPRI
Crisis-hit arms market shrinks, first time since 1994: SIPRI

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.

Crisis-hit arms market shrinks, first time since 1994: SIPRI
Obama to propose deep nuclear arms cuts: report
Obama to propose deep nuclear arms cuts: report

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.

Obama to propose deep nuclear arms cuts: report