Dutch airline KLM plans ‘painful’ cost-cutting to combat high costs and staff shortages

Dutch airline KLM plans ‘painful’ cost-cutting to combat high costs and staff shortages

THE HAGUE, Netherlands — Dutch airline KLM announced a “painful” round of cost-cutting and other measures Thursday aimed at boosting the carrier’s finances as it continues to recover from the COVID pandemic that grounded planes worldwide. CEO Marjan Rintel said KLM, along with many other airlines, “is suffering from high costs and shortages of staff … Read more

Dominican Republic ‘to deport up to 10,000 migrants a week’

Dominican Republic ‘to deport up to 10,000 migrants a week’

The Dominican Republic says it plans to deport up to 10,000 undocumented migrants a week to combat uncontrolled migration. The plan was announced by President Luis Abinader’s spokesman, Homero Figueroa, who blamed the international community’s slow response to months of gang violence in neighbouring Haiti and its failure to restore stability. Tens of thousands of … Read more

Musk faces SEC questions over X takeover

Musk faces SEC questions over X takeover

Elon Musk has been ordered by a federal court to answer further questions from lawyers about his takeover of Twitter – now called X – on Thursday, and the financial world has one question: Will he be there? Last month, he was a no-show for a court ordered appearance at the US Securities and Exchange … Read more