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Lufthansa cabin crew union calls for Sunday strike in Frankfurt, Munich

German flight attendants’ union UFO is calling for a five-hour strike on Sunday at German flag carrier Lufthansa, UFO said on Monday, in an escalating row over workers’ pay. Flight attendants and pursers at Lufthansa’s largest hubs, Frankfurt and Munich, have been called upon to take part in the walkout, which is scheduled from 0600 to 1100 CEST (0400-0900 GMT), UFO deputy chief Daniel Flohr said in a video message https://www.youtube.com/watch?v=XrSfguFYw9c&feature=youtu.be released on YouTube. …read more […]

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UPDATE 1-Sempra Energy exits S.America with $2.23 bln sale of Chilean businesses

U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China’s State Grid International Development Ltd for $2.23 billion in cash as part of its plan to exit South America and shore up capital. Sempra, much like other utilities companies, has been seeking to bolster its finances and increase its appeal to investors after wildfires in California exposed it to more legal liabilities. The company was under pressure from hedge fund Elliott Management Corp and investment firm Bluescape Group to scale back its global operations. …read more […]

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Russia's Yandex releases rival to China's TikTok app

Russian internet firm Yandex on Monday released a short video app for fashion and style that it hopes will compete with China’s TikTok app. The Yandex app is called Sloy, the Russian word for layer, the company said in a statement. It is currently only available in App Store in Russia, Belarus and Kazakhstan. …read more […]

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Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers

Economists Say Spend $2 Trillion to Combat Next Recession In another sign that economics as the study of scarcity and choice has completely lost its way, economists, whose title suggests that they study scarcity and choice and the art of economizing resources, are in general agreement, according to Reuters, that in order to save the […]The post Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers appeared first on Market Exclusive. …read more […]