Pope Francis orders Vatican salaries slashed to save jobs
03 April 2021 | 7:22 am
The Vatican announced Wednesday it would reduce the salaries of religious at the Holy See to stave off job cuts as the coronavirus continues to hammer the Catholic Church's bottom line.
January 28, 2023
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About seven million workers have been fired as Pakistan's textile exports dwindle, putting the sector on the edge of collapse, industry representatives warn.
Germany has mapped out a vision of how it will work with partners on the African continent. The aid strategy stresses the need for sustainable jobs. However, there was some criticism about a lack of concrete proposals.
The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.
Carmaker Ford has announced plans to eliminate 2,300 jobs in Germany, 1,300 in the UK and another 200 in the rest of Europe. It's part of a broader restructuring process as it aims to go all-electric in just 12 years.
The German media giant Axel Springer is cutting jobs at its brands Bild and Welt, while warning that journalists are at risk of being made obsolete by artificial intelligence.
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.
Talking Europe speaks to the European Commissioner for Jobs and Social Rights, Nicolas Schmit. With anger growing in France about the government's push to increase the retirement age from 62 to 64, and the EU facing an ongoing cost-of-living crisis, his portfolio is very much in the spotlight – including recommendations to encourage a Minimum Income for all.
The bank is looking to trim down after the bloating caused by the merger of the two Swiss banking rivals. More than 10,000 jobs are on the chopping block in Switzerland alone.
Lebanon's economic meltdown has plunged most of the population into poverty. It's now also threatening the country's security. As the currency has plummeted to new lows in recent months, salaries too have fallen, as prices rise. To make ends meet, soldiers are being forced to take on second jobs, or even desert their ranks.
In the city of Antakya in southern Turkey, which was heavily damaged by the devastating February 6 twin earthquakes, the Turkish government has made an ambitious pledge: to rebuild – better – in a year. But residents there remain sceptical. Not only do homes need rebuilding, but those who live there must have jobs to return to as well. Our correspondents Shona Bhattacharyya, Ludovic de Foucaud and Hussein Assad report from the quake-damaged region.
We take a look at former French President's Nicolas Sarkozy's interview in Le Figaro, as he defends himself against corruption charges.
22 mins ago
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African countries to take urgent action to end poverty and mismanagement of natural resources if they want to earn the respect of the global community. Adesina made the remarks while delivering his speech titled “For the world to respect Africa” at the 40th anniversary of the Guardian newspaper in Lagos.
31 mins ago
The death toll from floods in northern Tanzania following torrential rains this weekend has risen to 63, the prime minister said on Monday, adding to hundreds of other deaths caused by extreme weather in East Africa since seasonal rains began in October.
1 day ago
At COP28 in Dubai, German Chancellor Olaf Scholz called for a phase out of fossil fuels, the US announced $3 billion in new climate funding and France pushed for nuclear energy as a way to reduce emissions.
1 day ago
South Korea has been ramping up its surveillance capabilities in order to gain a strategic edge over North Korea. The move comes after North Korea launched a satellite of its own in violation of UN resolutions.
1 day ago
Early drafts of the COP28 agreement refer to the "phasedown/out" of fossil fuels, which are responsible for most climate emissions. The final wording will likely be disputed. What's the difference — and does it matter?
1 day ago
Britain and Rwanda have inked a new treaty aimed at rescuing failed plans for the UK to deport asylum-seekers. A top court ruling had blocked the policy, saying it violated human rights laws enshrined in UK legislation.
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