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Popular in fight to survive as bank updates ECB on situation

Bloomberg Emilio Saracho’s plan to turn around Banco Popular Espanol SA has become a struggle for survival. Just four months after the former JPMorgan Chase & Co. banker took charge, the troubled lender is exploring ways to bolster its cash and short-term funds and may request additional central bank loans, a person familiar with the matter has said. Expansion newspaper ...

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Qatar Airways to become biggest loser in GCC spat

Bloomberg Qatar’s state airline is set to become the biggest loser from the diplomatic breakdown in the Persian Gulf—with competitors in Dubai and Abu Dhabi also set to suffer. Some 76 daily flights are likely to be grounded, of which 52 are operated by Qatar Airways, after Saudi Arabia, Bahrain, Egypt and the UAE suspended ties with Qatar, according to ...

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Etihad open to ‘potentially deepening’ ties with Alitalia

Bloomberg Alitalia has started an administration process aimed at finding investors willing to invest in the carrier Etihad Airways, the biggest single shareholder in Alitalia, is open to deepening its ties with the insolvent airline after investing about 1 billion euros ($1.1 billion) in the Italian company. “Strong ties continue to exist between Alitalia and Etihad Aviation Group and we ...

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