Telefonica to cut 5,000 jobs to slash costs, union says

Telefonica to cut 5,000 jobs to slash costs, union says

The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units [MADRID] Spain’s largest telecommunications operator Telefonica aims to cut at least 5,040 jobs as part of a sweeping plan to slash costs, the top union representing its workers said.  The cuts, affecting about a fifth of the carrier’s…

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US: Wall Street opens higher on Fed interest rate-cut expectations

US: Wall Street opens higher on Fed interest rate-cut expectations

[NEW YORK] Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in December, while investors were also combing for fresh data to gauge the central bank’s next move. The Dow Jones Industrial Average rose 106.5 points, or 0.23 per cent, at the open…

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Exclusive | Alec Baldwin backs Starbucks staff with new documentary, despite past run-in with espresso slinger

Exclusive | Alec Baldwin backs Starbucks staff with new documentary, despite past run-in with espresso slinger

Coffee’s for closers! Alec Baldwin — the actor who uttered perhaps the most iconic movie line ever about java, and also once publicly railed against a Starbucks worker as an “Uptight Queen barrista [sic]” with an “attitude problem” — is now a contributing producer on a film backing the coffee chain’s workers. Baldwin appeared last…

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China’s Unipec agrees to jet fuel term supply deal with Lufthansa

China’s Unipec agrees to jet fuel term supply deal with Lufthansa

[SINGAPORE] China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of jet fuel to Lufthansa annually, Sinopec said on Monday (Nov 24). The supplies will feed Lufthansa’s supply chains at airports in Belgium and Germany, Sinopec said in its inhouse newspaper.…

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Jessica Alba stuns in patterned bikini while reminiscing about her time in ‘beautiful’ Australia

Jessica Alba stuns in patterned bikini while reminiscing about her time in ‘beautiful’ Australia

Jessica Alba shared bikini photos on her Instagram page while reminiscing about her time in Australia. The actress wore a brown and white patterned string bikini in the images, paired with vintage-inspired sunglasses. The mom of three lounged in the sand for one selfie, and another posing with pals while standing in the ocean. Alba captioned the…

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Rupee gains as RBI returns to defend currency after slump

Rupee gains as RBI returns to defend currency after slump

INDIA’S rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when the central bank appeared to ease up on the firm defence it had maintained in recent weeks. The rupee gained as much as 0.4 per cent to 89.08 per US dollar on…

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