Oil fell below $64 a barrel on Monday, reversing an earlier gain, after a source said Saudi Arabia would fully restore oil output lost after attacks on its facilities faster than some traders expected.
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.
Germany’s state of Hesse, where collapsed travel group Thomas Cook’s German airline Condor is located, said it is ready to help the airline’s application for a federal government bridging loan.
Vivendi has kept its stake in Mediaset after a deadline to sell it expired at the weekend and is preparing to step up its legal action against the Italian broadcaster’s overhaul plan, two sources close to the matter said.
More than half a million holidaymakers were stranded around the globe on Monday following the collapse of Thomas Cook , the world’s oldest travel firm.
Oil rose further above $64 a barrel on Monday, supported by doubts about how quickly Saudi Arabia can restore output after a crippling attack this month and a resulting greater focus by investors on supply risks.
Thomas Cook , the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
Thomas Cook’s German holiday airline Condor has asked the German government for a bridging loan, the airline said on Monday, adding it would continue operating despite its parent company’s collapse.
Global shares dipped on Monday as weaker than expected economic surveys added to investor worries over the unresolved U.S.-China trade dispute’s effects on the world economy, while oil gained more than 1% as Middle East tensions remained elevated.
The head of Turkey’s Hoteliers Federation said on Monday the collapse of British tourism agency Thomas Cook means Turkey could see 600,000-700,000 fewer tourists annually.
Thomas Cook said there were around 140,000 people currently traveling with its German subsidiaries, with a further 21,000 booked to depart on Monday and Tuesday.
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.
Saga Plc said on Monday it was securing alternative flights, where possible, for customers who are due to travel imminently and have been impacted by the collapse of Thomas Cook .
About 50,000 tourists are stranded in Greece, mainly on islands, after British travel firm Thomas Cook collapsed, a Greek tourism ministry official told Reuters on Monday.
Deutsche Bank’s deal to transfer its prime brokerage business to BNP Paribas could see the move of up to 1,000 staff from the German lender to the French bank, a spokeswoman for BNP said on Monday.
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