Following the end of World War II, liberal democracy began to flourish in most countries in the Western world, and its institutions and values were aspired to by movements and individuals under authoritarian and oppressive regimes. However, with the rise of neoliberalism, both the institutions and the values of modern democracy came rapidly and continuously under attack in an effort to extend the profit-maximizing logic and practices of capitalism throughout all aspects of economic and social life. 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.