Ryanair cuts more than 250 office staff across Europe
Ryanair has cut more than 250 staff in offices in Dublin, London, Madrid and Wroclaw, Poland, Europe’s largest low-cost airline said on Friday.
U.S. food aid program launches with companies scrambling to deliver
Texas-based CRE8AD8 LLC bid for a federal government contract to quickly rescue food from struggling farmers and deliver it to U.S. food banks as fallout from the coronavirus pandemic has put millions of Americans out of work and driven many to seek he…
Fincantieri says cooperation with Thyssenkrupp chance to talk about consolidation
Cooperation between Fincantieri and Thyssenkrupp to build submarines is a good opportunity to talk about future consolidation in the European defence sector, the Italian shipbuilder’s general manager Alberto Maestrini said on Friday.
Check-up after check-in: Accor bets on online medicine for hotel rebound
France’s Accor , which runs hotels such as Ibis and Movenpick, said on Friday it would offer its clients free access to online medical consultations run by insurer AXA as it prepares for a recovery from the coronavirus crisis.
Trump says doesn’t want to talk to Xi, could even cut China ties
U.S. President Donald Trump signaled a further deterioration of his relationship with China over the coronavirus outbreak, saying he has no interest in speaking to President Xi Jinping right now and going so far as to suggest he could even cut ties wit…
Swedish central bank to use Blackrock for corporate bond market analysis
Sweden’s central bank will engage BlackRock’s Financial Markets Advisory for analysis work on the Swedish corporate bonds market, it said in a statement on Friday.
World stocks win a respite, oil prices jump over 3%
World stocks rose on Friday and oil prices jumped more than 3%, taking the sting out of a week that has seen sentiment hit as deteriorating U.S.-China relations added to worries over how fast economies could recover from the coronavirus shock.
Asia shares down on week as U.S.-China tensions rattle sentiment
Asian stocks edged up on Friday but were on course to end the week lower as deteriorating U.S.-China relations add to uncertainties over how fast economies can recover as they start to emerge from lockdowns.
Cathay Pacific loses money, flags ‘very bleak’ outlook
Cathay Pacific Airways Ltd said on Friday it made an unaudited loss of HK$4.5 billion ($580.53 million) at its full-service airlines during January-April and flagged a “very bleak” outlook as the coronavirus crisis grounded planes globally.
Australia’s Westpac admits to breaches of money-laundering laws
Westpac Banking Corp admitted to millions of breaches of anti-money laundering and counter-terrorism laws in a filing in Australia’s Federal Court on Friday, but denied accusations it enabled illegal payments between known child sex offenders.
