Hong Kong's flagship airline Cathay Pacific said Monday it would cut 600 staff as part of a major overhaul to slash costs and repair its bottom line. The company posted its first annual net loss in eight years in March, citing intense competition as lower cost airlines, particularly from mainland China, eat into its market share. It pledged at the time to slash costs by 30 percent, saying that middle and senior management would be targeted without giving numbers.
Donald Trump has nominated Callista Gingrich, wife of former House Speaker and fervent Trump ally Newt Gingrich, to serve as ambassador to the Vatican. The White House announced the nomination the same day Mr Trump left for his first trip overseas as president, during which he will stop at the Vatican for an audience with the Pope. Some in Washington hope Ms Gingrich will be able to patch up relations between the president and the pontiff, who engaged in a war of words over Mr Trump’s proposed US-Mexico border wall during the campaign.
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