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Germany's pivotal chemicals industry gripped by crisis
Germany's pivotal chemicals industry gripped by crisis
Business and Economy
by  AFP

Thomas Kadowsky imagined that he would keep working at the German industrial coatings plant where he had served as team leader for over 30 years until he retired. "I was completely stunned," Kadowsky, 58, told AFP. Kadowsky and 130 other people will lose their jobs with the closure of the plant next year.

British Airways parent IAG flies back to profit
British Airways parent IAG flies back to profit
Business and Economy
by  AFP

IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices. Ticket prices have soared since the pandemic, driven by rising fuel costs, increased demand and capacity constraints.