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French gov't confirms massive job cuts at Air France due to COVID-19 pandemic

French Minister of State for Transport Jean-Batiste Djebbari on Wednesday confirmed that Air France would cut nearly 7,600 posts, calling on the country's flagship air

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Global Business Daily: Germany takes EU reins, Facebook's ad exodus

"[Merkel] has a lot of political capital and she is using this to convince the … conservative CDU to support this new fiscal policy response at the EU level."That's the reason Oliver Rakau, chief Ger

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The Mom Project raises $25M for its job site aimed at women returning to work

Women have long had the short end of the stick when it comes to employment, regularly finding themselves struggling to break through the glass ceiling for promotions and on average getting paid less t

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Airbus to cut 15,000 jobs as aviation faces 'gravest crisis'

Airbus, Air France and EasyJet are all set to make cuts. /Remy Gabalda / AFP European aircraft maker Airbus has announced it is planning to cut about 15,000 jobs worldwide, or one in ten of it

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WeWork sells Flatiron School to Carrick Capital Partners

WeWork, the once $47 billion company that was on the brink of a public offering, has been divesting a great number of its assets as it looks to right the course since releasing its S-1, which exposed

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BP sells petrochemical arm to Ineos for $5 billion

Logo of BP seen at a petrol station. /VCG British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced on Monday the sale of its petrochemical business to p

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Upsolver announces $13M Series A to ease management of cloud data lakes

There’s a lot of complexity around managing data lakes in the cloud that often requires expensive engineering expertise. Upsolver, an early stage startup, wants to simplify all of that, so that

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Indian ride-hailing giant Ola adds tipping option to its app globally

You can now tip your Ola driver. The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand, and the United Kingdom — all th

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'The nation is counting on you': CIA's thrilling advert to recruit more diverse candidates

Recruitment and retention of employees across the US intelligence community has been challenged by Donald Trump's criticisms.

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TuSimple seeking $250 million in new funding to scale self-driving trucks

TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company ha

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Who really benefits from reskilling?

Nearly 40 million Americans are unemployed, and a recent study that examined more than 66,000 tech job layoffs found that sales and customer success roles are most vulnerable amid COVID-19. In respons

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Target is rolling out fresh grocery pickup nationwide, starting with the Midwest

Target today is joining the growing number of grocery retailers offering curbside and in-store pickup services for fresh and frozen items. The retailer had paused its plans to rollout grocery pickup t

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U.S. layoffs remain elevated as weak demand persists

Weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened, buttressing views the labor mar

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Biased AI perpetuates racial injustice

The murder of George Floyd was shocking, but we know that his death was not unique. Too many Black lives have been stolen from their families and communities as a result of historical racism. There ar

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Sonos lays off 12% of staff, closes New York City storefront

In a filing this week, connected speaker maker Sonos noted plans to cut 12% of its workforce, in addition to closing some of its smaller offices and its garish showroom in Manhattan’s Soho neighborhoo

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9 top VCs discuss the future of New York startups

New York City was an initial U.S. hotspot for the COVID-19 pandemic, and it’s also one of the most expensive cities in the world — so you might think startups would be anxious to leave.However,

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Why have meat factories become hotbeds for coronavirus outbreaks?

Editor's note: This is the 81st article in the COVID-19 Global Roundup series. Here is the previous one. 00:35 Within months of the first meat factory outbreak in the U.S., European me