The world's most powerful nations are once again competing for the control of the abundant natural resources of the African continent. Some analysts describe this phenomenon as a "new scramble for Africa" in reference to the first "scramble for Africa", which took place between 1881 and 1914 and resulted in powerful European nations dividing, occupying and colonising the continent. 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.