Business

Lahore, Mar 3; PTI/GANASHAKTI: Flight operations resumed at Lahore airport on Sunday after being suspended for over 72 hours as Pakistan's airspace was closed in the wake of escalating tensions with India.

Pakistan on Wednesday closed its airspace for commercial flights and suspended flight operations across major airports, including in Islamabad, Lahore and Karachi, for an indefinite period.

New Delhi, March 3; GANASHAKTI:  The ten major Central Trade Unions (INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA,AICCTU, LPF, UTUC) and independent Federations and Associations of various sectors are holding a National Convention of Workers for adoption of Workers Charter of Demands on 5th March 2019 at 1:30 pm at Constitution Club Annexe, Rafi Marg, New Delhi.

Mumbai, Mar 3; PTI/GANASHAKTI : Beleaguered carrierJet Airways has groundedtwo more of its aircraft due to non-payment of lease rentals, taking the total number of planes on ground to 23.

With the grounding of two more planes, almost 20 per cent of aircraft in the airlines fleet are now out of operations.

"An additional two aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges on Saturday.

Jakarta, Mar 4 (AFP) Indonesia and Australia on Monday signed a long-awaited trade deal after months of diplomatic tension over Canberra's contentious plan to move its embassy to Jerusalem.

Indonesian trade minister Enggartiasto Lukita and his Australian counterpart Simon Birmingham wrapped up the multi-billion-dollar agreement in Jakarta, some nine years after negotiations first started.

Rome, Mar 4 (AFP) French President Emmanuel Macron has launched a call for reconciliation with Italy following a diplomatic spat between the neighbours that saw Paris briefly recall its ambassador.

Relations between the two countries have fractured due to repeated clashes between centrist Macron and Italy's populist coalition government.

In February, Paris recalled ambassador Christian Masset for a week in protest at "unfounded attacks and outlandish claims" by the Italian government.

Washington, Mar 4 (AFP) President Donald Trump said Sunday that the congressional questioning last week of his former lawyer may have contributed to the failure of his summit with North Korean leader Kim Jong Un -- even as his national security advisor claimed the Hanoi meeting was a success.

03 Mar 2019; AFP: Long out of favor in the United States, the idea of taxing rich individuals and corporations to pay for healthcare or to combat inequality is gaining ground among Democratic politicians.

While the United States reveres free enterprise and is home to the world's largest number of billionaires, such tax proposals have been gaining traction in political circles in recent weeks.

03 Mar 2019; AFP: US President Donald Trump's administration is brandishing the threat of sanctions against foreign companies "trafficking" with Cuba, a move hitherto mothballed by Washington so as not to offend allies.

The White House has broken with two decades of precedent in threatening to activate Title III of the Helms-Burton Act, which extended the US embargo to apply to foreign companies trading with Cuba.

The US jobs engine has continued to deliver for nearly a decade, putting more Americans back to work and sending unemployment to a historic lows.

But, just over a year after Congress enacted sweeping corporate tax cuts meant to jolt the economy, a shadow has crept into the picture: Layoffs are also on the rise.

While claims for unemployment benefits remain low, major companies have begun to swing the axe even as many enjoy the tax windfall and solid profits, and are spending record amounts of cash to buy back their own stock from investors.

02 Mar 2019; DW: Germany's car industry association says billions will be spent on electromobility over the next three years to cement the future of the auto sector. Domestic car production is, however, expected to fall this year.

Germany's automotive industry is planning an aggressive investment in electric and autonomous cars, along with digitization, the president of the Verband der Automobilindustrie (VDA) car industry association said on Saturday.