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Lufthansa invites unions to discuss retirement schemes, jobs BERLIN: Lufthansa has invited the main three trade unions representing its staff to a round table to discuss job and retirement schemes, it said on Thursday, as the carrier tries to improve relations with staff after damaging strikes.The airline has asked unions representing pilots, cabin crew and ground staff to a meeting on Dec. 2 to discuss retirement and pension schemes as well as job prospects at the carrier's main brand.Lufthansa is trying to cut costs to better compete with low-cost carriers in Europe and leaner Gulf rivals on long-haul routes. It is pushing expansion of low-cost brand Eurowings over growth of its main Lufthansa brand and is trying to introduce new defined-contribution pension schemes and revamp a decades-old programme that allows crews to retire at 55.But in a country known for its process of "Mitbestimmung", that involves workers in business decisions, the airline's unions have said they feel decisions ...

VW to start recalls in France from 'early 2016': letter PARIS: Volkswagen has informed clients in France that early next year it will begin recalling vehicles to remove the pollution-cheating software that has ensnared the carmaker in a global scandal.The company said in a letter to French clients it "has decided to undertake after-sales action on EA189 diesel engines in order to carry out a software correction" on the affected vehicles.It has previously estimated that around one million vehicles in France have been equipped with ...
Hyundai Motor says reviewing financial units' shareholder pacts SEOUL: Hyundai Motor Co said on Thursday the shareholders' agreement for its financial units Hyundai Capital and Hyundai Card was under review, but no details had been decided.A unit of GE Capital International Holdings Corp, part of General Electric (GE) Co, owns 43.3 percent of auto loan firm Hyundai Capital and 43 percent in credit card firm Hyundai Card.GE has been pulling out of its non-core businesses globally, and is looking for a buyer outside ...
Shell to decide on Ormen Lange subsea compression in 2016 STAVANGER: Shell plans to decide next year whether to resume installing subsea compressors at its giant Ormen Lange field offshore Norway, a company's senior executive said on Thursday, after stopping the project last year to save costs."We still expect in the course of 2016 that we will get to a point where we can see whether we can sanction a good development there or not," Mark Wildon, a vice-president at Shell Norway, told Reuters on ...
Volvo says to extend holiday shutdowns in North American truck ops STOCKHOLM: Truck maker Volvo will cut production in North America in December and January in the face of lower demand and high inventory levels at dealerships, it said on Thursday. After booming orders in the North American heavy-duty truck market in late 2014 and early 2015, demand has slowed throughout this year. "In North America we will take 2-1/2 stop weeks in addition to the normal Christmas and New Year's leave," Volvo spokeswoman Kina Wileke ...
Sharp may shut remaining overseas TV plants YAITA: Japan's money-losing consumer electronics maker Sharp Corp could shut its remaining overseas TV factories but still expects its TV operations to turn profitable next year, a company executive said on Thursday.Closing TV plants in China and Malaysia "could come up on the agenda as the company is considering various restructuring measures," Kenichi Kodani, head of Sharp's digital information appliance division, told reporters during a media tour of its TV plant in Tochigi, eastern Japan.Sharp ...
Australia approves Shell's takeover of BG Group LONDON: Royal Dutch Shell's planned mega-takeover of British rival BG Group cleared another hurdle Thursday as Australia's competition commission said it would not oppose the move amid gas market concerns.It means Shell's £55-billion (US$84-billion, 79 billion-euros) takeover of BG remains on track for completion in early 2016."BG Group plc today confirms that the recommended cash and share offer for the company to be made by Royal Dutch Shell has received unconditional merger clearance from the ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln