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Fastjet CEO to revive Africa Airline with smaller planes

  Johannesburg / Bloomberg Fastjet Plc’s new chief executive officer said he may replace the African discount carrier’s planes with smaller ones and move its head office to a city somewhere on the continent from London to help end losses. The Airbus Group SE A319 jets used by Fastjet may be too large for the markets they serve, Nico Bezuidenhout ...

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Wal-Mart to slash 1,500 jobs in USA

  NEW YORK / AP Wal-Mart Stores Inc. said it is cutting jobs in accounting and other back-office positions at about 500 locations in the Western region of the U.S. The move will affect two or three people per store, totaling as many as 1,500 workers, Wal-Mart spokesman Kory Lundberg said. But those employees are expected to be offered positions that ...

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India’s space programme takes on Elon Musk

  Sriharikota / Bloomberg India’s space agency will launch a record 22 satellites on a single rocket as it tries to ease a global backlog and demonstrate the ability to compete with commercial spaceflight companies run by billionaires Elon Musk and Jeff Bezos. Satellites from the U.S., India, Canada and Germany will enter orbit after a scheduled June 20 liftoff ...

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