Lufthansa feeling the pain from strikes
Strikes cost German airline Lufthansa €170 million so far this year.
The carrier's pilots have walked out eight times since April, forcing widespread flight cancellations affecting hundreds of thousands of passengers.They're up-in-arms over company plans to raise the early retirement age. Lufthansa cuts its 2015 profit forecast for the second time this year. We have more from aviation analyst Heinrich Grossbongardt.
Alliance for Youth takes on unemployment
High unemployment among young people is a big problem Europe-wide,
but especially in southern European countries like Spain -- where 54% of young people are out of work. If politicians can't make a breakthrough, maybe companies can. 200 European companies have banded together to set up the initiative Alliance for Youth to create thousands of new jobs. Swiss based Nestlé is in the forefront.
Alleged labor abuses in Thailand
The Thai company Natural Fruit supplies a large part of the tropical produce in European supermarkets. Andy Hall, human rights activist, published a report alleging that Natural Fruit along with other Thai companies is abusing migrant workers in near-slavery conditions. Natural Fruit sued Hall for defamation, charges that have now been thrown out by a Thai court on technicalities. Hall still has to face three other cases in connection with his report.