Australia telecom giant Telstra to axe 8,000 jobs

Australia's dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs—a quarter of its workforce—as part of a drastic new strategy to cope with an increasingly competitive industry.

Etihad, IBM sign $700 mln services deal

Abu Dhabi's Etihad Airways said Tuesday it has signed a 10-year technology services agreement worth approximately $700 million with IBM aimed at improving efficiency.

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