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Finnair stock goes down as terrorism anxiety hurts travel demand

  Bloomberg Finnair Oyj shares fell the most in almost three years after the carrier scaled back plans to add flights this year as terrorism in Europe hurt demand for travel. Finnair dropped as much as 10 percent, the steepest intraday drop since October 2013, and was down 7 percent at 4.89 euros as of 11:33 a.m. in Helsinki. The ...

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Airline industry seeks crackdown on ‘rogue’ battery shipments

  Bloomberg The world’s main airline trade groups and European and US lithium battery makers are seeking tighter product-quality and sourcing enforcement, saying a ban on shipments in passenger airliners risks being extended to cargo carriers. Governments need to enforce regulations more strictly against “rogue producers and exporters,” and impose stiffer penalties on companies that put shipments of improperly tested ...

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Norway’s $890bn fund cuts value of UK real estate

  Bloomberg Norway’s $890 billion sovereign wealth fund, the world’s biggest, took the step of independently cutting the value of its massive UK real estate portfolio by 5 percent after Britain voted to leave the European Union. “It’s an extraordinary measure,” Deputy Chief Executive Officer Trond Grande said at a press conference in Oslo as he presented second-quarter results. Given ...

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