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13875 articles published since 08 Mar 2022

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Lufthansa keeps CEO Spohr on for another five years
Lufthansa keeps CEO Spohr on for another five years
Business and Economy

Lufthansa CEO Carsten Spohr, who steered the airline back from the brink of bankruptcy during the pandemic, will see his contract extended by another five years, the group said Thursday. Lufthansa's supervisory board on Thursday also agreed to extend the contract of chief financial officer Remco Steenbergen by another five years. jpl-mfp/hmn/kjm

Scholz vows to ramp up Germany's armaments industry
Scholz vows to ramp up Germany's armaments industry
Business and Economy

Chancellor Olaf Scholz vowed Thursday to ramp up Germany's armaments manufacturing industry, after NATO warned that Ukraine was currently using up more ammunition than allies were producing. In his address to parliament on Thursday, Scholz also hit out at calls particularly from the far left in Germany for Berlin to stop delivering armaments to Kyiv.

Europe's top prosecutor sets sights on Russia sanctions-busters
Europe's top prosecutor sets sights on Russia sanctions-busters
Business and Economy

Europe's chief prosecutor Laura Codruta Kovesi is already investigating frauds that allegedly cost EU taxpayers 14 billion euros -- now she wants to go after the smugglers undermining sanctions against Russia. This has led to notable successes, such as Operation Admiral, an investigation that broke up a network responsible for 2.2 billion euros in VAT fraud.

Eskom: South Africa's fallen energy giant
Eskom: South Africa's fallen energy giant
Business and Economy

It was once a source of national pride -- an award-winning firm that powered South Africa's mining boom and later brought electricity to black communities left behind by apartheid. All this largely benefited white people, with black South Africans segregated and disregarded by the apartheid government.

Women's sport a winner as money pours into India cricket league
Women's sport a winner as money pours into India cricket league
Business and Economy

India's inaugural Women's Premier League cricket has generated hundreds of millions of dollars even before a ball is bowled on Saturday, with experts calling it a game-changing moment for women's sport. The Twenty20 tournament's five debut franchises together sold for nearly $200 million -- more than the eight founding teams of the men's Indian Premier League in 2008.

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