Global software giant Microsoft announced Thursday that it will eliminate up to 18,000 jobs over the next year in an effort to simplify the organization and integrate the recently-acquired mobile phone business of former Finnish handset maker Nokia.
China’s property sector continued to cool in June, with new home prices in 55 of 70 major cities reporting month-on-month drops, the National Bureau of Statistics said Friday.
The European Parliament (EP) on Thursday called for stronger measures to fight unemployment among young people in the European Union (EU), revealing that 5.3 million Europeans under 25 years old are unemployed.
Resilient demand in Europe and booming Chinese market helped France’s No. 1 car maker PSA Peugeot Citroen to provide 5.5 more units worldwide in the first half of the year compared to the same period in 2013, the group said Thursday.
Representatives of a few dozen Italian construction businesses are in Poland to seek partners and prospective contracts involving road, railway and environmental projects and met with Polish administration and business people on Wednesday.
It is important for BRICS bushiness communities to be unified especially at this point of time when major changes and uncertainties in global economy present great difficulties to them, said a leading Chinese entrepreneur at the BRICS Business Forum on Monday.
China will soon unveil a list of state-owned enterprises (SOEs) to pilot mixed-ownership reform, the latest move from authorities to invigorate the country’s torpid SOEs.
Vietnam is becoming an attractive destination for foreign retailers, with a number of big names setting foot in the country so far this year.
Average monthly expense of Italian households fell to the lowest level since 2004 last year, showing the country was still struggling with its longest postwar recession, national statistics institute Istat said on Tuesday.
U.S. stocks fell for a second consecutive day Tuesday, as investors locked in gains awaiting second-quarter earnings results from aluminum giant Alcoa.