Lufthansa grounds Germanwings and cuts fleet size

Shares in Lufthansa drop after the German government’s announcement that it will be selling a quarter of its stake in the airline. The complete stake will be sold before the end of 2023.

In an effort to stem incidences of business failures in the corporate polity, H. Michael & Co. founder Dr. Adeyinka Hassan in commemoration of its 10th anniversary put together a conference tagged: Corporate Governance and Enterprise Development Conference. The well-attended conference examined the imperatives of corporate governance for the success of business enterprises in Nigeria, creating economic stability and business sustainability.

The €2.14 billion capital increase will shore up the German flag carrier's finances and help pay off a government bailout secured at the height of the COVID-19 pandemic.

The Social Democrats' narrow victory in Germany's federal elections suggests the country could be heading into a more progressive future. As coalition talks get started, business leaders want their priorities heard.

The standoff over migrants entering the EU between Minsk and Warsaw has hit local Polish businesses near the border, many reliant on tourism. With the winter coming and no end in sight to the crisis, DW visited the area.

Report: Africa to see less funding for fossil fuels - Nigeria introduces eNaira digital currency - Solar powered vehicles made in Germany?

Benefitting from soaring demand for online ads, Google's parent company Alphabet reported nearly $19 billion in profits between July and September, up 68 percent from the same period last year. Microsoft's earnings also beat expectations, while French consumers are gearing up for some price hikes at the bakery.

Bar owner Mohamed Lamin Mansaray told everyone to run away from his bar just before a fuel tanker exploded following a traffic collision, killing at least 99 people and injuring hundreds more on Friday (November 5) in Sierra Leone. The explosion destroyed Mansaray's business killing a staff member and destroying his home, which he had built for himself and his 10 family members. "We are getting into festive season....I have just purchased a brand new musical set, lots of drinks from the Sierra Leone brewery and chairs that worth about Le 270,000,000 (24,700 USD). Property that I have lost and one of my staff died”, said Mansaray while pointing at what is left of his business.

German airline Lufthansa is slashing its winter schedule as a result of reduced demand amid the omicron variant. Spohr said the airline was running just 60% of flights compared to the pre-pandemic year 2019, with "roughly half" the number of passengers.

2021 brought big changes to households and businesses around the world. In the last show of the season, Stephen Carroll and Kate Moody take a look at some of the biggest business and economic stories of the year and how they might evolve in 2022.

Nicaraguan President Daniel Ortega is poised to win a fourth consecutive term in Sunday's presidential elections. But there's mounting pressure from the US and the EU who are using economic sanctions to promote change.

China will have 6.5 million more affordable rental housing units during the 14th Five-Year Plan period (2021-2025), an official of the Ministry of Housing and Urban-Rural Development said on Tuesday.