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Lufthansa closes in on stake in Italy's ITA Airways
Lufthansa closes in on stake in Italy's ITA Airways
Business and Economy
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
Business and 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.