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Economic risks building in Europe, warns SocGen chief

Bloomberg Trade tensions and uncertainty surrounding Brexit are raising economic risks for the euro region that may require central bank action, according to Societe Generale SA Chairman Lorenzo Bini Smaghi. “At some point the slowdown may reach bottom, and we want to have the monetary instruments in place to avoid that this becomes a recession,” he said in a Bloomberg ...

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Boeing offers $100m to help families of Max crash victims

Bloomberg Boeing Co is offering $100 million to support the families of victims and others affected by two crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits. The money will go towards “education, hardship and living expenses for impacted families, community programmes and economic development in impacted communities,” Boeing said in a ...

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IAG says it has no plans to revive bid for Norwegian Air

Bloomberg British Airways owner IAG SA said it has no plans to revive a bid for discount rival Norwegian Air Shuttle ASA following a Spanish report that an offer was likely to be made in the next 15 days. The airline group, which also owns Madrid-based Iberia, intended to make an approach worth about $1.2 billion, according to Okdiario newspaper. ...

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