Dr. Natalie Garcia Bartels joins us in the studio
German steelmaker ThyssenKrupp has slumped deeper into the red, logging a big loss in its first fiscal quarter. But the full-year result will be back in the black on divestment proceeds and higher sales, the group says.
TUI Travel is sticking to its 2014 profit goal after limiting its loss in the traditionally weak winter quarter. Europe’s biggest tour operator says strong summer bookings and higher selling prices will boost earnings.
The Australian airline Qantas says it will axe 5,000 full-time jobs as part of a restructuring in response to "tough" international competition. Qantas says its recent financial losses run into hundreds of millions.
Pilots working for Spanish airline Iberia have agreed to a deal with employers that will reduce and then freeze their incomes temporarily. The deal was primarily meant to help the carrier recover from past losses.
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