Thomas Cook customers may face two-month delay for refunds: watchdog
Britain’s aviation regulator said on Monday that refunds of bookings by Thomas Cook customers could take longer than expected as the regulator does not have all information needed from the collapsed travel firm.
Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa
British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.
China says China-U.S. ‘decoupling’ would harm both sides
China’s Foreign Ministry said on Monday that any “decoupling” of China and the United States would harm both sides and cause instability in international markets, after sources said U.S. President Donald Trump’s administration is considering delisting …
Oil prices fall as China’s economic outlook still weak
Oil prices slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved as an ongoing trade war with the United States weighs on demand growth at the world’s largest crude importer.
Forever 21 latest retailer to file for bankruptcy
Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com Inc .
Global third-quarter M&A sinks to three-year low amid U.S.-China trade war fears
Global mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion in the third quarter, according to Refinitiv data, the lowest quarterly volume since 2016, as growing economic uncertainty curbed the risk appetite of companies considering deals.
Hong Kong Aug home prices drop for third month, steeper declines forecast
Hong Kong private home prices fell for the third straight month in August, according to government data released on Monday, as increasingly violent street protests take a toll on the economy.
Bank of America, Morgan Stanley eye growth in employee-benefits management
Morgan Stanley and Bank of America Corp are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and employees.
Rio Tinto scraps plans for Canadian iron ore unit sale, floatation – WSJ
Anglo-Australian miner Rio Tinto PLC has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday.
GM and UAW union to continue talks on new labor deal
General Motors Co and United Auto Workers (UAW) said they will continue talks on a new labor deal on Monday, as a strike by the union’s members enters its third week.
