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Crypto market hit by allegations against Tether, Bitfinex

Bloomberg One of the world’s most widely traded virtual currencies faces renewed doubts about its stability, after New York’s top cop accused the coin’s issuer of participating in a cover-up to hide the loss of about $850 million in client and corporate funds. The allegations against Tether and the operator of cryptocurrency exchange Bitfinex, announced by the New York attorney ...

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Norwegian uses 737 crisis to wring fleet deal from Boeing

Bloomberg Cash-strapped Norwegian Air Shuttle ASA secured a deal to delay deliveries of Boeing Co 737 Max jets, aided by the bargaining power granted by the model’s global grounding after two fatal crashes. Boeing agreed to postpone the handover of 14 Max 8s due in 2020 and 2021, which together with an outline accord to restructure Airbus SE deliveries will ...

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SAS cancels 587 additional flights amid pilot strike

Bloomberg SAS AB cancelled an additional 587 flights across Scandinavia scheduled for Sunday because of a strike by pilots, disrupting travel for an estimated 64,000 passengers, the company said in a statement on Saturday. The pilots are striking over pay, having started the action after rejecting measures proposed by a mediator in talks that have been going on since March. ...

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