Shares in British baker and takeaway food group Greggs tumbled as much as 7.3% on Friday after it reversed a decision to re-open some stores, leading analysts to question how it can successfully emerge from the country’s coronavirus lockdown.
Ryanair aims to conclude talks with Boeing on a new plane order in the next two weeks, but possible price cuts or cancellations related to an existing 737 MAX order are also part of the discussions, its chief executive said on Friday.
(Bloomberg) — Breaking up is hard to do.The coronavirus has forged a once unlikely alliance between Donald Trump’s Treasury Department and the central bank he often derided. The close embrace is resurfacing concerns about the Fed’s independence in the long run.By openly urging Trump and Congress this week to spend more money fighting the pandemic, while promising to keep interest rates low, Fed Chairman Jerome Powell risks putting the central bank into a political box once the health emergency has passed.Government borrowing has skyrocketed during the crisis. The big worry is that Fed policy will end up being driven by …read more […]
Ryanair is in advanced talks about a potential new plane order with Boeing, but possible price cuts or cancellations of its existing 737 MAX order are also part of the discussions, chief executive Michael O’Leary said on Friday.
World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis.
World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis. British Airways operator IAG shed another 2.6% as details of its plans to cut staffing, including a quarter of its pilots, to weather the collapse in air travel caused by the coronavirus. The negative sentiment was set by comments from Trump on Thursday that he was concerned about China’s role in the origin and spread of the novel coronavirus and that his hard-fought trade deal with China was …read more […]
Amazon.com Inc has told staff whose job can be done from home that they can do so until at least Oct. 2, pushing out the timeline on a return to work for many employees as it faces scrutiny over conditions in its warehouses.
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday.
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline. Bondholders were set to start a meeting at 1400 GMT on Thursday to vote on the airline’s debt-to-equity plan, the first major test of its rescue efforts amid the coronavirus outbreak. Since then, Norwegian Air has sent no messages about the outcome. …read more […]
Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots.
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