Bloomberg Avon Products Inc. will cut 10 percent of its global headcount as it looks for new ways to save money and simplify its structure. Most of the job cuts will take place this year, saving the makeup company about $97 million by the end of 2019. These aren’t Avon’s first round of recent layoffs. The staffing cuts come on ...

Bloomberg British Airways is refusing to offer pilots and other staff a new three-year salary package, citing an uncertain post-Brexit outlook in proposing a 12-month agreement instead. “We can agree a one-year pay deal,” the IAG SA-owned airline said in a letter to unions obtained by Bloomberg News. “This gives certainty over pay for colleagues in what is anticipated to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced, on Saturday, the signing of an agreement, awarding an onshore block — known as Onshore Block 3 — to US based international oil and gas exploration and production company Occidental Petroleum. The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC). Onshore Block 3 covers an ...