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GE cuts 12,000 jobs to adapt to shifting energy market

American multinational conglomerate General Electric plans to cut 12,000 jobs in its struggling global power equipment business to respond to shifting energy market, Russell...

MMEC Mannesmann GmbH, Uganda ink deals in South Africa

Ugandan companies have signed mega deals with German firms such as MMEC Mannesmann GmbH and Siemens in the areas of energy, industry and transportation. The...