An eight-month crisis over the grounding of Boeing’s 737 MAX jets and widespread industrial delays are setting an unpredictable backdrop to next week’s Dubai Airshow, with some airlines reviewing fleet plans even as others look for bargains.
Hopes of a trade deal between Washington and Beijing turned world stock markets and other risk assets higher on Friday, though an escalating wave of global protests from Hong Kong to Chile left some deep scars.
Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war.
A plan to nationalise parts of BT to provide free broadband to everyone in Britain marks the extent of the opposition Labour Party’s nationalisation policy, its finance spokesman John McDonnell said on Friday. Labour has previously pledged to nationalise power networks, Royal Mail, rail and water companies, but McDonnell said it would not nationalise the whole of BT. “We’re not taking over all of BT, we’re simply taking over Openreach, the BT technology and some elements from within BT itself,” he told BBC’s Today radio programme. …read more […]
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
The carrier said it had signed a strategic partnership with travel technology company Kiwi.com that would give customers access to destinations not served by AirAsia, including London, Dubai, Madrid and Auckland. “We are reinventing ourselves as more than just an airline, bringing to life our vision for airasia.com to be the region’s one-stop travel shop,” AirAsia Group Chief Executive Tony Fernandes said in a news release. AirAsia is also looking at other ways to partner directly with airlines and companies that compliment the carrier’s network and travel services beyond Asia Pacific, said airasia.com Head of Airline Distribution Rajiv …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A.P. Moller-Maersk A/S, the world’s biggest container-shipping company, signaled it’s less optimistic about growth in its industry as trade wars dent the economic outlook.Copenhagen-based Maersk now sees global growth for the sector of 1-2% compared with a previous estimate of 1-3% for this year, it said on Friday. The company predicted growth in its own business may be “slightly lower” than the industry average, but said it will rein in costs to support profits.The more pessimistic outlook “reflects the broad-based …read more […]
Malaysian budget carrier AirAsia Group Bhd said on Friday it would sell flights on more than 100 other global airlines as part of a push to boost revenues.
Citigroup said it has appointed Ken Chow and Udhay Furtado to head the bank’s Asian equity capital markets in a move which will bring the investment bank’s local structure in line with its global operations. The bank introduced the Banking, Capital Markets and Advisory (BCMA) model in September last year, placing all of the firm’s banking and capital markets businesses under one umbrella, and has appointed leaders in those divisions in each region since then. Chow, previously the co-head of greater China equity capital markets, has been with Citigroup for four years while Furtado rejoined the bank last …read more […]
NEW DELHI/BENGALURU (Reuters) – Indian telecom stocks rose on Friday amid hopes that the government would step in to help the ailing sector, a day after two top mobile carriers warned their ability to operate and make profits would depend on relief from the country. The Supreme Court last month upheld a demand by the telecoms ministry that wireless carriers pay 920 billion rupees ($12.89 billion) in overdue levies and interest within months. As two of the country’s top three carriers, Vodafone Idea and Bharti Airtel will have to pay a bulk of that money. …read more […]
Britain’s opposition Labour Party’s plans to nationalise parts of telecoms provider BT’s network and provide free full fibre broadband may cost more than 100 billion pounds ($127 billion), BT chief executive said. “These are very, very ambitious ideas and the Conservative Party have their own ambitious idea for full fibre for everyone by 2025 and how we do it is not straight forward,” Chief Executive Philip Jansen told the BBC. …read more […]
Workers at South African Airways (SAA) downed tools on Friday in a strike over wages and job cuts that has forced the troubled state-owned carrier to cancel all flights and left its future hanging in the balance.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The U.S. is following the European Union in opening antitrust investigations against Norwegian salmon farmers suspected of collusion, including the world’s top producer Mowi ASA.Mowi, SalMar ASA and Grieg Seafood ASA, three of the Nordic country’s biggest producers, said in separate statements on Thursday that they had either received or would get a subpoena from the U.S. Department of Justice’s Antitrust Division and that investigations would be opened.The development in the U.S. follows raids by the European Commission in February in member …read more […]
Asian stocks jumped on Friday, lifted by White House comments that suggested the possibility of an imminent trade deal between Washington and Beijing, which revived hopes that their tariff war may be nearing an end.
U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it.
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