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Air Botswana to cut half workforce ahead of ‘sale’

Bloomberg Air Botswana plans to reduce its workforce to 210 from 450 to prepare for the government’s latest attempt to privatise the loss-making state-owned carrier. The job cuts will come from separating the ground-handling operation into a new unit that could then be sold to private-equity firms, chairman Tebogo Masire told reporters in Gaborone. “Air Botswana must be lean and ...

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Trade war drag on world economy to fade in 2020

Bloomberg The trade war’s drag on the world’s largest two economies will gradually fade in 2020 as tariffs on imports from China have likely peaked, according to Goldman Sachs Group Inc. The recent progress towards a partial trade deal and expectations of an extended truce implies that this drag will disappear, which will also benefit the global economy, Goldman Sachs ...

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