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Ryanair warns of job cuts on 737 Max delays

Bloomberg Ryanair Holdings Plc will reconsider its summer schedule and has warned employees of job cuts and base closures due to the protracted grounding of Boeing Co’s 737 Max jet, according to a memo to staff seen by Bloomberg. Europe’s biggest low-cost airline will redraw its summer 2020 timetable with 10 fewer planes, as it now only expects the first ...

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Biggest wind farms to get EU support in push for green power

Bloomberg Developers for some of the world’s biggest wind farms are poised to get a boost from the European Union under a new strategy aimed at ensuring the industry makes a larger contribution to low-carbon power supplies. Energy Commissioner Kadri Simson said officials in Brussels are working on a package of measures that will help stimulate the offshore wind industry. ...

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Oil hits 3-month low as virus raises demand fears

Bloomberg Oil traded near the lowest close since mid-October as the market was dominated by alarm that the deadly coronavirus will hurt economic activity in China and beyond. Futures held near $53 a barrel in New York after losing 9% during five straight days of declines on concern reduced travel will hit jet fuel demand in the world’s biggest oil ...

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