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Telefonica to shed around 5,500 jobs in Spain
Telefonica to shed around 5,500 jobs in Spain

Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.

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by  AFP

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Asian markets rally with Wall St as rate hopes rise, AI fears ease
Asian markets rally with Wall St as rate hopes rise, AI fears ease
by  AFP

Asian markets rallied Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts, while worries over AI spending also subsided. Gold, which benefits from lower US interest rates, hit a fresh record above $4,388, while silver also struck a new peak.

US in 'pursuit' of third oil tanker in Caribbean: official
US in 'pursuit' of third oil tanker in Caribbean: official
by  AFP

The US Coast Guard was pursuing another allegedly sanctioned tanker on Sunday, a US official told AFP, as Washington ramps up its pressure campaign targeting Venezuela's vital oil sector. "The United States Coast Guard is in active pursuit of a sanctioned dark fleet vessel that is part of Venezuela's illegal sanctions evasion.

CO2 soon to be buried under North Sea oil platform
CO2 soon to be buried under North Sea oil platform
by  AFP

In the North Sea where Denmark once drilled for oil, imported European carbon dioxide will soon be buried under the seabed in a carbon capture and storage (CCS) project nearing completion. And even more so when it involves burying them at sea.

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