Ford to cut thousands of jobs as plant closures loom

Ford Motor Co. will shed thousands of jobs at its European operations in a bid to return the business to profitability in a broad restructuring that doesn’t rule out shutting down production plants. The carmaker has struggled with an aging model lineup and a contracting market in the United Kingdom (UK), Ford’s biggest in Europe, […]

UAE’s private sector growth slows in December, but firms bullish for year ahead

Dubai: The UAE’s Purchasing Managers’ Index (PMI) for December dipped to a two-year low from 55.8 in November to 54 in December signalling slower pace of growth in the non-oil private sector. December’s headline PMI marked the slowest pace of expansion in the non-oil private sector since October 2016, and has weighed on the 2018 […]

The world’s richest man is getting a divorce

New York: Amazon founder Jeff Bezos, rated the world’s wealthiest person, announced Wednesday on Twitter that he and his wife Mackenzie Bezos were divorcing after a long separation. “We want to make people aware of a development in our lives,” Jeff Bezos, 54, and MacKenzie Bezos, 48, said in joint statement posted to Bezos’ Twitter […]