Ryanair Irish pilots back industrial action as unrest spreads
Ryanair’s directly employed pilots in Ireland on Friday voted in favor of industrial action unless pay demands are met swiftly, with Spanish pilots also threatening to join growing unrest at the airline.
Oil rises despite demand growth at decade low
Oil prices rose on Friday, supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest since the financial crisis of 2008.
Canada sheds ‘disappointing’ 24,200 jobs in July: analysts
Canada’s economy shed a net 24,200 jobs in July, driven by a decline in wholesale and retail trade, official data showed on Friday, as Canada’s job market remained in a holding pattern for the third consecutive month.
Instant View: Canada sheds 24,200 jobs in July, jobless rate rises to 5.7%
Canada’s economy lost a net 24,200 jobs in July, both in full-time and part-time work, Statistics Canada said on Friday. The jobless rate edged up to 5.7%.
U.S. producer prices rise slightly; underlying inflation tame
U.S. producer prices increased moderately in July, lifted by a rebound in the cost of energy products, while underlying producer inflation retreated, which could allow the Federal Reserve to cut interest rates again next month.
PG&E sees billions more in wildfire costs in 2019
Crippled California power company PG&E Corp reported a rise in quarterly losses on Friday and forecast more costs related to the 2017 and 2018 wildfires that have forced it to file for bankruptcy and seek new public and private financial support.
Bayer has not proposed paying $8 billion to settle U.S. Roundup claims: mediator
Bayer AG has not proposed paying $8 billion to settle all U.S. claims related to the Roundup herbicide, mediator Ken Feinberg said in an email on Friday.
No Lyft for Uber shares after results fall short
Shares of Uber Inc fell 10% in early trading on Friday after the ride-hailing service missed most Wall Street targets in its quarterly earnings report, in sharp contrast to upbeat numbers from U.S. rival Lyft Inc a day earlier.
Take Five: The devil’s in the data
Fears of a major downturn in euro zone powerhouse Germany have grown following “scary” industrial output figures for June and reports due this week that will hold those concerns up to the light.
Ryanair Spanish pilots threaten strike as unrest spreads
Ryanair’s main pilots union in Spain will vote in the coming days on possible industrial action, including going on strike, in response to planned job cuts at the low cost carrier, the local SEPLA trade union said.
