Tuesday

March 3, 2015

Business and economy

Norwegian Air Shuttle will ground all passengers in Norway, Denmark, and Sweden as the result of an industrial dispute. The action leaves 35,000 people stranded. (The local)

The Royal Bank of Scotland will fire 14,000 staff as they retreat from geographic positions in US and Asian markets. (The Guardian)

Target Corporation, a major U.S. retail chain, announces cuts that will mean the loss of thousands of jobs, part of a revival plan adopted by CEO Brian Cornell. (Target press release)

Disasters and accidents

The Villarrica volcano explodes in southern Chile leading to the evacuation of 3,000 people. (Xinhua)