PARIS: The French government on Friday (Jul 3) called on Air France to avoid mandatory layoffs as the airline prepared to announce some 7,500 job cuts to cope with a collapse in travel due to the COVID-19 pandemic. Managers at the airline, part of Air France-KLM Group, are due to […]

LONDON: BlackRock is not exempt from paying value added tax (VAT) on part of a service from an outside supplier to help manage its funds, a European Union court ruled on Thursday (Jul 2), dashing the fund sector’s hopes for cost savings. The world’s biggest asset manager had argued that […]

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