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  • Asia's textile industry hit hard by COVID-19 downturn

    The impact of the coronavirus pandemic on Asia’s textile manufacturers has been unprecedented. Plummeting sales, closed factories and lower wages are just some of the problems according to a new ILO report.

    Posted: by DW.com

  • Cathay Pacific to cut workforce by a quarter

    Hong Kong’s flagship airline said the "devastating impact" of the coronavirus pandemic left it no choice but to reduce its workforce by about a quarter. At least 8,500 positions will go as part of the restructuring.

    Posted: by DW.com

  • How ING bank in Poland helped Russians launder money

    ING bank’s unit in Poland allegedly helped its clients move huge amounts of money out of Russia. Russian oligarchs need means to get their cash out of the country, but this has seemingly expanded beyond the Baltics.

    Posted: by DW.com

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