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.
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.
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 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.
Kazakh ministries see their budgets cut
As part of state-wide austerity measures, Kazakhstan cuts expenditures of its ministries.
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.
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.
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.
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.
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.
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.
Kazakhmys cuts administrative salaries by third: media
Kazakhmys Corporation has axed salaries of its administrative personnel by almost one third.
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.
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.
Downturn threatens Europe's life expectancy gains: WHO
Gains in life expectancy across Europe could be reversed if cash-strapped governments cut health budgets.
$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.
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.
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.
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.
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.
