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New rules for olive oil in Europe
ROME, Oct. 16 (UPI) -- Italy's struggling Alitalia airline said it would lay off 690 workers in a bid to save $39.1 million in operating expenses.
ANSA reported Tuesday the layoffs would involve 300 flight crew workers, 300 ground operations workers and 90 maintenance staff workers.
Chief Executive Officer Andrea Ragnetti said in July it would take until 2013 for the struggling airline to return to making a profit.
"Many sacrifices are still necessary and we have to remain united and determined," he said at the time, predicting a profit in 2013 "after more than 20 years of losses."
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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