Business

Engine maker Rolls-Royce to axe up to 2,500 jobs

Rolls-Royce, the British manufacturer of aircraft engines, said Tuesday it plans to axe up to 2,500 jobs worldwide, or about six percent of its staff, to further slash costs.

Energy & Green Tech

EU states strike deal on electricity market reform

EU member states reached an agreement to reform its electricity market after months of sparring between France and Germany over state support for nuclear energy, the European Council said Tuesday.

Business

VinFast boss insists share volatility 'normal'

The dramatic fluctuation in shares of Vietnamese electric vehicle maker VinFast is "normal", its chief executive told AFP on Friday, insisting the company was on sound footing despite racking up huge losses.

Business

Indonesia bans goods transactions on social media platforms

Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.

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