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19879 articles published since 08 Mar 2022

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EU commission recommends funding freeze for Hungary
EU commission recommends funding freeze for Hungary
World

The European Commission recommended on Wednesday that 13 billion euros ($13 billion) in EU funds for Hungary be frozen because Budapest is falling short on its commitments to meet European rule of law. Also, 5.8 billion euros from an EU coronavirus recovery fund was frozen until Hungary showed it was meeting 27 "super milestones" for its reforms, particularly on the judiciary issue.

Bird flu kills almost 14,000 pelicans, seabirds in Peru
Bird flu kills almost 14,000 pelicans, seabirds in Peru
World

The highly contagious H5N1 avian flu virus has killed thousands of pelicans, blue-footed boobies and other seabirds in Peru, according to the National Forestry and Wildlife Service (SERFOR). "The latest official report carried out at a national level shows more than 13,869 wild seabirds killed by the dangerous H5N1 avian flu virus," said a SERFOR statement released late Tuesday.

H&M to cut 1,500 jobs worldwide
H&M to cut 1,500 jobs worldwide
Business and Economy

Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting programme launched following its decision to leave the Russian market. "The programme relates to administrative and overhead costs, and also entails reducing the workforce by around 1,500 positions," the company said in a statement.

Losses deepen at crisis-hit SAS airline
Losses deepen at crisis-hit SAS airline
Business and Economy

Troubled Scandinavian airline SAS, which has filed for bankruptcy in the United States, reported Wednesday deeper losses in the fourth quarter. SAS filed for Chapter 11 bankruptcy proceedings in the United States in July -- a move allowing a company to restructure its debts under court supervision.

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