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UK millionaire says rich people like him should be taxed more
UK millionaire says rich people like him should be taxed more
by  AFP

A rich Briton is among a group of millionaires in Davos pushing for governments to tax those like him more in order to bridge a wealth gap he warns is fragmenting the world. White added: "We see this fragmented world but it is wealth that is fragmenting the world."

Lufthansa closes in on stake in Italy's ITA Airways
Lufthansa closes in on stake in Italy's ITA Airways
by  AFP

German airline giant Lufthansa submitted a fresh offer Wednesday for Italy's troubled ITA Airways, bringing a turbulent takeover process closer to the finish line. The German group -- which also owns Swiss, Brussels and Austrian Airlines -- has always made clear it was interested in a "true privatisation" of ITA Airways.

Microsoft says it will axe 10,000 employees over poor economy
Microsoft says it will axe 10,000 employees over poor economy
by  AFP

Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. Asked about the layoffs just ahead of the announcement, Microsoft CEO Satya Nadella said that "no one can defy gravity" and pointed to high inflation that was affecting economic growth around the world.

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