Industries

British pharmaceutical company AstraZeneca on Monday said it would axe 1,600 jobs worldwide in a major restructuring of the group over the next three years.

HSBC could cut up to another 5,000 jobs as Europe's biggest bank looks to find further savings, the Financial Times reported on Monday.

Lion Air, a little-known carrier launched 13 years ago with just one plane, has struck two of the world's largest aircraft orders in a staggering $46 billion bet on Indonesia's air transport boom.

Norwegian oil group Statoil Monday announced a large natural gas find with US partner ExxonMobil off Tanzania's coast, the third major discovery in a year by the two companies in the country.

Oil-rich Abu Dhabi has officially opened the world's largest Concentrated Solar Power (CSP) plant, which cost $600 million to build and will provide electricity to 20,000 homes.

Europe's main stock markets sank on Monday as investors reacted to weekend news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.

Europe's Airbus has won a record order worth 18.4 billion euros ($23.8 billion) from Indonesia's Lion Air for 234 medium-haul A320 jets, the French presidency announced Monday.

The unprofitable mobile technology venture between Ericsson and STMicroelectronics, ST-Ericsson, said Monday it would axe 1,600 jobs after splitting the operation.

Europe's main stock markets tumbled on Monday by more than 1.0 percent in early deals as investors reacted to weekend news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.

The US newspaper industry is seeing some glimmers of hope after being battered for years, a prominent study concluded Monday.

The US Justice Department last year opened an investigation into allegations that employees at The Wall Street Journal's China news bureau bribed Chinese officials for information, the newspaper reported.

Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays, a report said.

Cash-strapped Japanese electronics giant Sharp said that a badly needed capital injection from US chipmaker Qualcomm had been delayed as the two sides hammer out details of the pact.

European aerospace giant Airbus will sign Monday what would mark one of its biggest orders ever from Indonesia's Lion Air for more than 200 A320 medium-haul jets, business daily Les Echos reported.

European aerospace giant Airbus will sign an order from Indonesian low-cost carrier Lion Air for more than 200 A320 medium-haul jets at a ceremony Monday with French President Francois Hollande, business daily Les Echos reported in its Monday edition.

European aerospace giant Airbus will sign an order from Indonesian low-cost carrier Lion Air for more than 200 A320 medium-haul jets at a ceremony Monday with French President Francois Hollande, business daily Les Echos reported in its Monday edition.

Oil-rich Abu Dhabi on Sunday officially opened the world's largest Concentrated Solar Power (CSP) plant, which cost $600 million to build and will provide electricity to 20,000 homes.

Solid gold can be deposited in Earth's crust "almost instantaneously" during earthquakes, said a study published in the journal Nature Geoscience on Sunday.

The controversial proposed tax on savings in Cyprus looks set to hit Russian pockets hard -- with experts estimating that Russian deposits in Cypriot banks amount to at least $20 billion.

Bank of China chairman Xiao Gang resigned from his post after he was chosen to head China's top securities regulator, reports said late Sunday.