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Business

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Southwest Airlines cuts 1,750 corporate jobs in first-ever layoffs
Southwest Airlines slashes 15% corporate workforce, first in 15 years

DALLAS, Texas: Southwest Airlines is laying off 1,750 employees, or 15 percent of its corporate staff, in the company's first significant...

Australian central bank cuts interest rates for first time since 2020
Australian central bank cuts first benchmark interest rate since 2020

MELBOURNE, Australia: Australia's central bank has cut its benchmark interest rate for the first time in more than three years, signaling...

Brazil joins OPEC+ ahead of key UN climate summit
Brazil to join OPEC+, group of major oil-exporting nations

BRASILIA, Brazil: Brazil has officially approved joining OPEC+, aligning itself with the world's major oil-exporting nations just months...

U.S. stock markets in sharp retreat Thursday
Wall Street tumbles Thursday, Dow Jones dives 451 points

NEW YORK, New York - U.S. stocks fell sharply Thursday as profit-takers moved in to take the cream off the substantial gains that have...

China’s Xi Jinping reassures private sector on policy stability
China's Xi assures businesses, including Jack Ma, of country's stability

BANGKOK, Thailand: China's President Xi Jinping met with private sector leaders this week and assured them that the government's policies...

Microsoft makes $700m investment in Poland’s cybersecurity
Microsoft to invest $700 million to boost Poland's cybersecurity

WARSAW, Poland: Microsoft has announced a major new investment of $700 million in Poland to strengthen the country's cybersecurity...

China

Section
Taiwan defends Strait’s status after China criticizes Canada
Canadian warship sails through Taiwan Strait, ignites verbal war

TAIPEI/BEIJING: Taiwan's defense ministry said this week that the Taiwan Strait does not belong to China, and any attempts to create...

China’s Xi Jinping reassures private sector on policy stability
China's Xi assures businesses, including Jack Ma, of country's stability

BANGKOK, Thailand: China's President Xi Jinping met with private sector leaders this week and assured them that the government's policies...

US State Department alters website wording on Taiwan independence
US drops website wording on not supporting Taiwan independence

TAIPEI, Taiwan: The U.S. State Department has revised its official website's fact sheet on Taiwan, removing a previous statement that...

Italy’s Termoli plant shifts from EV batteries to hybrids
Stellantis to produce hybrid components at Termoli plant

MILAN, Italy: Stellantis announced this week that it will begin producing hybrid vehicle components at its Termoli plant in southern...

China accelerates coal expansion, surpasses 100GW in 2024
China's coal boom: 100GW added in 2024, highest in a decade

BEIJING, China: China's coal power expansion surged in 2024, with nearly 100 gigawatts of new coal plant capacity breaking ground—the...

India's global stature soars as strategic ties deepen, US and Europe see as crucial partner
India's global stature soars as strategic ties deepen, US and Europe see as crucial partner

New York [US], February 21 (ANI): India's international prominence is growing at an unprecedented rate, with global powers seeking...