Brazilian aerospace conglomerate Empresa Brasileira de Aeronáutica, S. A. (Embraer) has revealed plans to cut around twenty percent of the company's workforce of 21,362 people. Twenty percent is over 4,200, but Embraer…
The Japanese car making company Toyota has announced that their predicted profit loss for 2008 has tripled from their previous estimate. The company reports the loss after demand for its vehicles dropped. In December…
Workers at the UK's Lindsey Oil Refinery have voted to return to
British rail company South West Trains (SWT) is to cut 180
General Motors NYSE: GM (GM) and Chrysler have both begun to offer layoff packages to their
Sweden-based airline Scandinavian Airlines System (SAS) said it will reduce payrolls by 8,600 jobs as part of its "Core SAS" restructuring
An international credit ratings agency has downgraded the creditworthiness of British bank Barclays LSE:
The International Labor Organization (ILO), a branch of the United Nations concerned with labor and workers' rights issues, issued a report Wednesday explaining how the global economic crisis could create a global…
Starbucks Coffee is set to close 300 stores and lay off around 6,700 employees. The announcement came after a 69% drop in quarterly
American fast food chain McDonald’s is set to open up 1000 more stores during 2009 as part of its expected capital spending of US$2.1
The United Kingdom's flag carrier airline, British Airways (BA) has warned the markets that it will post a full year loss of up to £150
International steel conglomerate Corus Group is to axe 3,500 jobs
New reports indicate that the proliferation of the Conficker computer worm (also known as Kido or Downadup) has nearly quadrupled in the last four days. The worm has gone from just over 2 million Microsoft Windows…
The Royal Bank of Scotland (RBS) has lost around 70% of its share price in a matter of hours, after news reports indicated a GBP 28 billion loss for 2008, and the UK government pledged to increase its stake in the…
The U.S. Secret Service had a Wisconsin man arrested in Brookhaven, Mississippi, by the local Lincoln County sheriff's department on Friday for threatening to assassinate President-elect Barack Obama during his…
Doctors in the Gaza Strip say that at least six Palestinians were killed at a United Nations Nations Relief and Works Agency school in Beit Lahia after it was reportedly hit by at least one Israeli tank
A blacklist of 19 leading search engine portals and websites, including Google and Baidu, that "spread pornography or vulgar content, and threaten the morals of young people" has been published, the Chinese government…
Three British geology students of Imperial College London have been fined in China for "illegal survey and map-making activities", according to local media. In addition to making maps, the students were researching…
Following recent news that Honda had withdrawn from Formula One in 2009, initial rumours that Mexican billionaire Carlos Slim has rescued the team appear to be false. Foxsports quotes a Telmex release as saying "The…
Jørn Utzon, the Danish architect who designed the Sydney Opera House, has died at the age of 90. Mr Utzon died from a heart attack in his sleep at his home in
