WTO ruled that China illegally restricted the exports of raw materials
The United States , European Union, and Mexico sued China for restrictions on exports of raw materials, the World Trade Organization (WTO) Appellate Body on January 30 issued a decision report , saying China ” unfairly ” restricted the exports of widely used steel , aluminum and chemical industries and totally the nine raw materials , saying “China must reduce export tariffs, and get rid of export quotas.”
News that Nokia Siemens lays off 1,200 employees in Finland
January 30 evening news, the Finnish media quoted anonymous sources said Nokia – Siemens Communications, Inc. in November of this year would carried out a massive restructuring plan , there will be layoffs for 1200-1300 worker in Finland.
UBS layoffs: UBS will lay off 10% in Germany, or will be completed before the end of this year
According to Dow Jones Newswires reported on 30 January , the UBS AG, UBS, head of Axel Hoerger Germany said that as part of cost-cutting initiatives that the bank will lay off about 10% in Germany . The news will be published on January 31 edition of Die Welt.
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