New administration under Samia Suluhu gives hope after 5 years of hopelessness

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BERLIN — Germany’s federal prosecutor has ordered the arrest of a man accused of helping a German intelligence official spy for the Russian secret service.

The detained man, identified only as Arthur E. in keeping with German privacy laws, is accused of transmitting stolen information from the German Federal Intelligence Service to Russia.

The federal police arrested him on Sunday at Munich Airport, where he had arrived upon returning from a trip to the United States. He is being investigated on accusations of abetting treason.

In December, the authorities arrested a man identified as Carsten L., a section head in Germany’s Federal Intelligence Service who investigators believe stole secret information to pass on to Moscow. The German service had been tipped off by an allied intelligence service that found German documents in the hands of Russian services.

Known by its German initials, B.N.D., the Federal Intelligence Service is responsible for gathering intelligence outside Germany — similar to the C.I.A.

The federal prosecutor’s office, which received F.B.I. support in the investigation, said that Arthur E. had traveled to Russia for the handover of stolen intelligence.

Both of the detained men are now in jail awaiting the outcome of the investigation and indictments.

— Christopher F. Schuetze

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The EU watershed and after the end of Ukrainian conflict we expect the EU to begin to shelve or shrink her clout as fundamental differences between member states begin to spike. Such differences are now under leash because of accosting a more formidable foe in Russia.

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Together with layoffs announced by manufacturer 3M Co. [US:MMM] this week, these companies are trimming more than 10,000 jobs, just a fraction of their total workforces. Still, the decisions mark a shift in sentiment inside executive suites, where many leaders have been holding on to workers after struggling to hire and retain them in recent years after the pandemic disrupted workplaces.

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Unlike Microsoft Corp. and Google parent Alphabet Inc. , which announced larger layoffs this month, these companies haven’t expanded their workforces dramatically during the pandemic. Instead, the leaders of these global giants said they were shrinking to adjust to slowing growth, or responding to weaker demand for their products.

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The U.S. job market remains historically tight, with unemployment in December at 3.5% matching multidecade lows. The number of job openings still far outpaces the number of people looking for work. The Federal Reserve has been raising interest rates to tame growth and combat high inflation. But CEOs say many companies are beginning to scrutinize hiring more closely.

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Not all companies are in layoff mode. Walmart Inc., the country’s biggest private employer, said this week it was raising its starting wages for hourly U.S. workers to $14 from $12, amid a still tight job market for front line workers. General Electric Co., which slashed thousands of aerospace workers in 2020 and is currently laying off 2,000 workers from its wind turbine business, is hiring in other areas. “If you know any welders or machinists, send them my way,” Chief Executive Larry Culp said this week.

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Annette Clayton, CEO of North American operations at Schneider Electric SE, a Europe-headquartered energy-management and automation company, said the U.S. needs far more electricians to install electric-vehicle chargers and perform other tasks. “The shortage of electricians is very, very important for us,” she said.

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The planned 3,000 job cuts at SAP affect about 2.5% of the business-software maker’s global workforce. Finance chief Luka Mucic told reporters the job cuts would be spread across the company’s geographic footprint, with most of them happening outside its home base in Germany. “The purpose is to further focus on strategic growth areas,” Mr. Mucic said. The company employed around 111,015 people on average last year.

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Chemicals giant Dow said on Thursday it was trimming about 2,000 employees. The Midland, Mich., company had about 35,700 employees as of the end of 2021. Executives said they were targeting $1 billion in cost cuts this year and shutting down some assets to align spending with the macroeconomic environment.

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3M, which had about 95,000 employees at the end of 2021, cited weakening consumer demand for its plans to eliminate 2,500 manufacturing jobs. The maker of Scotch tape, Post-it Notes and thousands of other industrial and consumer products said it expects lower sales and profit in 2023.

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“We’re looking at everything that we do as we manage through the challenges that we’re facing in the end markets,” 3M Chief Executive Mike Roman said during an earnings conference call. “We expect the demand trends we saw in December to extend through the first half of 2023.”

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