Tyson Slocum @ Citizen Vox - Just what Big Oil needed: another victory. First, Congress fails to pass legislation that would respond to last summer's catastrophic oil spill in the Gulf of Mexico. Then, President Barack Obama announces that his administration will expand offshore drilling, which means more money for the oil industry. Read more.
Airbus on Tuesday unveiled plans to shed 15,000 jobs within a year, including 900 already earmarked in Germany, saying its future was at stake after the coronavirus outbreak paralysed air travel. Read more.