Admin

Ryanair warns of job cuts on 737 Max delays

Bloomberg Ryanair Holdings Plc will reconsider its summer schedule and has warned employees of job cuts and base closures due to the protracted grounding of Boeing Co’s 737 Max jet, according to a memo to staff seen by Bloomberg. Europe’s biggest low-cost airline will redraw its summer 2020 timetable with 10 fewer planes, as it now only expects the first ...

Read More »

China virus outbreak sparks a global run on face masks

Bloomberg People across the globe are stockpiling facial masks to protect themselves from the new coronavirus, depleting online malls and store shelves from California to Beijing. Yet their efficacy against an outbreak that’s claimed more than 130 lives remains uncertain. On Amazon and Alibaba, many shops peddling anti-virus masks had run out of stock as of Wednesday. Across China, Hong ...

Read More »

Prosecutors raid ex-Ghosn lawyer’s office

Bloomberg Tokyo prosecutors raided the offices of a former lawyer for Carlos Ghosn, likely searching for documents that could be related to the indicted former auto titan’s escape to Lebanon from Japan, public broadcaster NHK reported. The lawyer, Junichiro Hironaka, has denied any involvement in helping Ghosn flee and a person who answered the phone at his Tokyo office on ...

Read More »

Virus prompts India top cotton trader to stop sales to China

Bloomberg Kotak Commodity Services Pvt, one of India’s top cotton exporters, will stop selling new cargoes to China on concern the spread of coronavirus may force the top buyer of the fiber to close ports and banks. The Mumbai-based company will look for new buyers of cotton in countries such as Bangladesh, Indonesia, Taiwan and Vietnam to make up for ...

Read More »

Toyota is halting China production until Feb 9

Bloomberg Toyota Motor Corp is halting operations in China until February 9, joining a growing list of global companies that have cut back on business activities in China as a new coronavirus infection spreads, with more than 130 people killed already. “Given the various factors including the guidelines by the local and region governments and parts supply situation, as of ...

Read More »

Lighthizer to talk trade deal with India before Trump visit

Bloomberg US Trade Representative Robert Lighthizer will be in India in the second week of February to finalise a trade deal ahead of President Donald Trump’s expected visit, according to people with knowledge of the matter. India is keen to sign an agreement during Trump’s visit and trade minister Piyush Goyal has invited Lighthizer to discuss the details of a ...

Read More »

Biggest wind farms to get EU support in push for green power

Bloomberg Developers for some of the world’s biggest wind farms are poised to get a boost from the European Union under a new strategy aimed at ensuring the industry makes a larger contribution to low-carbon power supplies. Energy Commissioner Kadri Simson said officials in Brussels are working on a package of measures that will help stimulate the offshore wind industry. ...

Read More »

Pompeo heads to Ukraine as Bolton book rocks Senate trial

Bloomberg Secretary of State Michael Pompeo travels to Ukraine this week to persuade the country that US support remains undiminished in the wake of the impeachment saga. President Donald Trump’s continued hostility towards Kyiv — and Pompeo’s own recent comments — make that a harder sell. Pompeo will meet with President Volodymyr Zelenskiy and other senior officials during a one-day ...

Read More »

39 killed in attack on Burkina Faso village

Bloomberg Burkina Faso said 39 people were killed in an attack by extremists on the northern village of Silgadji that appears to mark a shift from raids on mainly military targets to the execution of civilians. Security forces are helping residents to bury the victims after the “cowardly and barbaric” attack, in Soum province, the government said in a statement. ...

Read More »

Trump’s Mideast plan offers rallying cry for Netanyahu

Bloomberg President Donald Trump made sure Israeli PM Benjamin Netanyahu was standing alongside him at the White House as he presented his long-delayed “deal of the century” for Middle East peace, a welcome distraction for two leaders fighting for their political futures. Yet the proposal — which makes far more demands of Palestinian than Israeli leaders — generated little enthusiasm, ...

Read More »
Send this to a friend