U.S.-Israeli media magnate Haim Saban on Monday said he would give up control in Israeli mobile phone operator Partner Communications after failing to secure better terms on a loan he used to pay for the stake.
The world’s oldest travel firm Thomas Cook collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
Thomas Cook will be sold as a whole or in parts after its collapse, the company’s second-largest shareholder said on Monday, adding he would see what is offered before deciding whether to buy more assets.
Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world’s oldest travel firm Thomas Cook , sparking the largest peacetime repatriation effort in British history.
Thomas Cook operator Blue Sky Group said on Monday that 25,000 reservations in Egypt booked up to April 2020 had been canceled.
Boeing is set to face a EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil’s Embraer, people familiar with the matter said on Monday.
Global shares sank on Monday as weaker-than-expected economic data added to investor worries over the unresolved U.S.-China trade dispute’s effects on the world economy.
Gasoline exports from Europe to the Middle East and Asia are set to surge this week after recent attacks on Saudi Arabia’s oil facilities crippled output at the kingdom’s refineries.
Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday.
Lawyers for Huawei Chief Financial Officer Meng Wanzhou will be in a Canadian courtroom on Monday to press for details surrounding her arrest at Vancouver’s airport nearly 10 months ago.
Turkey could miss out on 600,000-700,000 tourists a year following the collapse of British tourism agency Thomas Cook on Monday, the head of Turkey’s Hoteliers Federation (TUROFED) said.
EU antitrust regulators are set to open a full-scale investigation into Boeing’s $4.75 billion bid for a controlling stake in Brazilian planemaker Embraer’s commercial aircraft arm, people familiar with the matter said on Monday.
Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restart of Saudi Arabian oil output and by fresh signs of European economic weakness.
The Sept. 14 attack on Saudi oil facilities have not helped diplomatic efforts to organize talks between U.S. President Donald Trump and his Iranian counterpart Hassan Rouhani, French President Emmanuel Macron told Le Monde newspaper.
About 50,000 tourists are stranded in Greece and mainly on island resorts after British travel firm Thomas Cook collapsed, the tourism minister said on Monday as extra flights were booked to ease their return home.
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