September, 2019

• 28 September

  Lagarde: I hesitated over taking Mario Draghi’s job at ECB

  

  Bloomberg Christine Lagarde didn’t immediately jump at the chance of succeeding Mario Draghi as president of the European Central Bank — but needed some convincing. That’s what the former chief of the International Monetary Fund revealed to Francine Lacqua in New York this week, in a Bloomberg Television interview that also offered insights into her likely management style, and even ...

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• 28 September

  Airbus trade feud spurs new Trump risk for Boeing, airlines

  

  Bloomberg US tariffs on European airplanes and luxury goods are emerging as a new threat not just for Airbus SE but for US airlines. The risk is rising for Boeing Co as well if the European Union seeks to retaliate. The World Trade Organization (WTO) will authorise the US to impose tariffs on nearly $8 billion of European goods due ...

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• 28 September

  Boeing reaches first settlements with Lion Air crash victims

  

  Bloomberg Boeing Co has reached the first settlements of lawsuits filed by families of Lion Air passengers who died when the 737 Max aircraft crashed in Indonesia late last year. Eleven of 17 clients represented by the Wisner Law Firm in Chicago have settled claims, partner Alexandra M. Wisner said in an interview. She declined to say how much Boeing ...

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• 28 September

  Ikea’s annual sales exceed $44bn mark for first time

  Bloomberg Ikea’s annual retail sales exceeded $44 billion for the first time as the Swedish home-furnishings giant opened new stores and rolled out e-commerce in more markets. Sales of products and services to Ikea customers rose 6.5 percent in the year through August to 41.3 billion euros, according to a statement. It was the fastest growth since 2016. “We passed ...

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• 28 September

  IAG warns of dip in earnings after British Airways strikes

  

  Bloomberg British Airways owner IAG SA warned that challenges facing the European airline industry are set to continue into 2020 after cutting profit guidance for this year. IAG lowered capacity growth in the final quarter and will provide details in November of a decrease next year, Chief Executive Officer Willie Walsh said on a call with analysts. Earnings for this ...

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• 28 September

  TUI to boost winter holiday fleet after Thomas Cook collapse

  

  Bloomberg TUI AG is taking steps to expand its winter jetliner fleet to meet increasing demand for package holidays following the collapse of UK rival Thomas Cook Group Plc. The world’s biggest tour operator is working to retain leased aircraft it has been operating through the summer in preparation for an anticipated surge in bookings, Chief Executive Officer Fritz Joussen ...

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• 25 September

  Saudi Aramco recovers oil output faster than expected

  

  Bloomberg Saudi Arabia is recovering faster than expected from the biggest attacks ever on its oil industry, beating its own target for restoring capacity by about a week. State oil producer Saudi Aramco has boosted total production capacity to more than 11 million barrels a day, according to people with knowledge of the situation. The news helped to push crude ...

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• 25 September

  UAE reaching for stars as Emirati astronaut Hazza blasts off to space

  

  DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC), announced the successful launch of the space mission carrying the first Emirati astronaut, Hazza Al Mansoori, aboard the Russian spacecraft Soyuz MS-15, at 5:57 pm UAE time. This is the UAE’s first mission to the International Space Station (ISS), from the Baikonur Cosmodrome in Kazakhstan. Al Mansoori is accompanied on the ...

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• 25 September

  Emirates NBD launches first digital business bank

  Dubai / WAM Emirates NBD on Wednesday announced that it has created E20., the UAE’s first digital business bank for entrepreneurs and small and medium-sized enterprises (SMEs), businesses. In a press release issued by Emirates NBD on Wednesday, E20. will enable start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs and small-to-medium sized companies to open a bank account ...

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• 25 September

  EU eyes $4 billion tariff strike to take trade fight to Trump

  

  Bloomberg The European Union (EU) is weighing an aggressive new approach to its trade dispute with the US, signaling a willingness to engage in the combative tactics embraced by President Donald Trump and risking a further deterioration in transatlantic relations. The EU is considering imposing tariffs on more than $4 billion of US exports, citing as justification a 22-year-old World ...

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