KLM will cut back on hiring new staff and external consultants, delay new IT projects and office refurbishment plans and reduce travel expenses significantly.
The fear of being infected from coronavirus is creating a domino effect in the cancellation of holiday plans, exposing the tourism industry to a major slump.
The firm, which operates its flagship travel site as well as Hotels.com, Hotwire, Travelocity, Cheaptickets, Egencia said the decision was made after determining it had been "pursuing growth in an unhealthy and undisciplined way."
The wind farm will supply nearly a sixth of the country's power when it reaches full capacity later this year, helping Senegal meet 30 percent energy needs from renewable sources.
Many academics, environmentalists and residents in China have joined international conservation groups in calling for a permanent ban. Online debate within China has also heavily favoured a permanent ban.
The Organisation for Economic Cooperation and Development(OECD) is developing rules to make digital companies pay tax where they do business, rather than where they register subsidiaries.
Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year, International Monetary Fund chief Kristalina Georgieva said.
Boeing found the debris in the fuel tanks of about 35 aircraft which is a potential safety hazard. Several more planes are still awaiting inspection.
Differences were "still too great to reach an agreement," German Chancellor Angela Merkel told reporters at the end of the two days of talks in Brussels.
The trade group for global airlines said the Covid-19 virus can potentially contribute to a 13 percent decline in demand for Asian carriers this year.
European Union leaders began talks on a joint 2021-27 budget that will need to fill $81 billion hole left by Britain's departure just as they face costly climate and other challenges.
The budget is the most tangible expression of key areas on which the EU members must focus over the next seven years and their willingness to stump up.
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