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Corbyn government as bad for banks as hard Brexit: Citi

Bloomberg Jeremy Corbyn being elected UK prime minister would be just as damaging to British banks’ profits as the country crashing out of the European Union without a withdr- awal agreement, according to Citigroup Inc. While London-listed bank stocks have recovered from last year’s lows as the risk of a “no-deal Brexit” gradually subsides, a snap election is becoming more ...

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As ‘flying shame’ grips Sweden, SAS ups stakes in climate battle

Bloomberg In the country that gave the world teenage climate activist Greta Thunberg, shame connected with travelling on airplanes that guzzle fossil fuels may now be having a real impact on travel patterns. Swedavia AB, which operates 10 Swedish airports including the ones outside Stockholm and Gothenburg, has seen year-on-year passenger numbers drop for seven consecutive months. Last year, Sweden ...

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American Airlines pulls 737 Max from summer schedule

Bloomberg American Airlines Group Inc has become the second major US carrier to pull the grounded Boeing Co 737 Max from its flight schedule through the busy summer travel season, saying the decision will give passengers more certainty in making vacation plans. The airline is pulling the Max through August 19, Chief Executive Officer Doug Parker and President Robert Isom ...

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