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German airline Discover's pilots to strike
German airline Discover's pilots to strike
Economy
by  AFP

Pilots with the German airline Discover, a subsidiary of Lufthansa, announced they would stage a fresh 48-hour strike from Monday, accusing management of refusing to respect collective agreements. Discover Airlines, which until last September was known as Eurowings Discover, is part of the Lufthansa group and employs 2,000 people.

Shipper CMA CGM suspends Red Sea transit again
Shipper CMA CGM suspends Red Sea transit again
Economy
by  AFP

French maritime transporter CMA CGM has again suspended the transit by its vessels of the Red Sea, where Iran-backed Yemeni rebels have targeted numerous ships, a source told AFP on Friday. The decision, taken on Friday, halts the use of the key transit route until further notice in order to "not take any risks" with its crews and vessels, said the source.

Lower profits at US oil giants still mighty enough for big investor payouts
Lower profits at US oil giants still mighty enough for big investor payouts
Economy
by  AFP

ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts and major acquisitions. "In 2023, we returned more cash to shareholders and produced more oil and natural gas than any year in the company's history," said Chevron Chief Executive Mike Wirth of an 18 percent jump in payouts to $26 billion.