British banks await stress-test trigger for shareholder payouts
Britain’s bank bosses are hoping for the green light to return more capital to long-suffering investors when the Bank of England publishes results next week from its annual stress test of leading lenders.
Amadeus, Sabre targeted in EU antitrust investigation
European Union antitrust regulators are investigating global distribution service (GDS) providers Amadeus and Sabre over contract terms which they say may prevent airlines and travel agents from switching to rival ticketing agents.
Flybe says in talks with Virgin Atlantic for possible sale
British regional airline Flybe Group Plc said on Friday Virgin Atlantic Airways Ltd was one of the parties it was in discussions with, as part of a formal sale process announced earlier this month.
Organic wine market growing fast but to remain niche: study
The market for organic wine will grow rapidly in the next five years as environmentally-conscious consumers increasingly favor pesticide-free wines, but their market share will remain relatively small globally, a study showed.
Volvo Cars delays plans to build Lynk & Co vehicles in Belgium
Volvo Cars has decided to delay its original plan to start building Lynk & Co vehicles at its plant in Belgium at the end of 2019 due to increased macro-economic uncertainty, a spokesman for the carmaker said on Friday.
China says ‘profound crisis’ facing WTO, urges WTO to ensure fairness
China said on Friday the World Trade Organization (WTO) is having a “profound crisis” and urged it to close loopholes and correct practices by member states that damage the global trading system.
Oil prices hit year low as OPEC considers output cut
Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus.
Online surge, long lines mark start of Thanksgiving sales
U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season.
Oil prices hit 2018 low, even as OPEC plans to cut output
Oil prices fell on Friday to their lowest this year, on course for their biggest one-month decline since late 2014 when OPEC opted to pump as much crude as it could to gain market share and sent prices on a near-unbroken two-year slide.
Ethiopian Airlines steps up hunt for African connections
Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.
