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Oz retail giant Woolworths suffers huge losses

  Sydney / AFP Australian supermarket giant Woolworths on Thursday reported a large annual net loss of Aus$1.23 billion (US$940 million), its first since listing more than two decades ago, following a failed push into hardware and a slump in food sales. Woolworths, Australia’s largest retailer and one of the two dominant supermarket chains in the country, recorded the sharp ...

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Lufthansa cabin crews approve 3-year contract to end strikes

  Bloomberg Deutsche Lufthansa AG flight attendants approved a three-year contract to end one of the airline’s long-running disputes over pay and pensions that have led to strikes. The accord with the cabin-crew union UFO will lead to savings in the mid-double-digit millions of euros in labor costs and reduce pension commitments by a high triple-digit million-euro amount, Lufthansa said ...

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Engine woes prompt ANA to scrap some flights

  Emirates Business ANA Holdings Inc., the world’s biggest operator of Boeing Co.’s Dreamliner jet, will halt some services using the 787 saying it found an issue with the plane’s engines. Japan’s biggest airline will stop some services starting on Friday, Wataru Yoshioka, a spokesman for the Tokyo-based company said on Thursday. The airline’s fleet of 50 787s are all ...

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