Lufthansa incurred a loss during the first-quarter amid increasing pressure from budget carriers.
The iconic Danish toymaker is facing its biggest test since flirting with bankruptcy in 2003, announcing it will lay off 8 percent of its staff after reporting its first fall in sales in more than a decade.
German and French finance ministers have proposed that Silicon Valley giants like Google and Facebook pay tax in the countries where they earn revenue. Smaller countries are skeptical the new regulations will work.
As Air Berlin faces being broken up, a number of other airlines are jostling to buy up the leftovers of what was once Germany's second largest carrier. Ryanair seems to prefer staying on the sidelines sulking.
The social media platform reported weaker-than-expected growth in monthly active users and saw a drop in revenues, dealing the company the twin blow of another loss and further doubt about Twitter's business.
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