`POWER8': The long-awaited restructuring at Airbus will involve slashing 10,000 jobs and selling all or part of six factories, a trade union confirmed amid a series of protests
Airbus will cut 10,000 jobs over four years, parent company EADS said yesterday as it unveiled a restructuring plan aimed at helping the planemaker recover after delays to its A380 superjumbo and other setbacks, as workers staged stoppages in protest at the cuts.

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The dramatic one-day wobble in Chinese share prices highlights the tricky task facing regulators as they try to prevent a dangerous bubble in a market that has grown 130 percent in a year, analysts said.

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CUTTING COSTS: Although backward compatibility is billed as a major feature of the money-losing PS3, Sony will sell its new console without the expensive PS2 chip
The PlayStation 3 going on sale in Europe next month will play only some of the games for its predecessor video game machine -- a move designed to cut costs and speed up production.

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Hong Kong's finance chief unveiled a pre-election spending spree budget yesterday, handing out billions of dollars in tax cuts and one-off rebates paid for by a booming economy.

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European businesses lose billions of euros every year in lost opportunities in China because of local practices that keep foreign companies out, a study produced for the European Commission said on Tuesday.

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■ Aviation
Indonesia to ban older jets
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