Hays Travel will buy all Thomas Cook’s British travel agent shops, potentially saving up to 2,500 jobs, Britain’s insolvency agency said on Wednesday, in a rare reprieve for high streets across the country.
Royal Dutch Shell has no intention to change its plans to invest in the Middle East, Chief Executive Ben van Beurden said on Wednesday
Oil prices traded flat on Wednesday as fading hopes for progress in U.S.-China trade talks pressured the market by raising uncertainty about global economic growth, while unrest in OPEC members Iraq and Ecuador helped limit losses.
European stocks steadied on Wednesday, but sentiment remained fragile as negotiations for a Brexit withdrawal deal seemed all but dead and the U.S.-China trade dispute triggered another round of selling.
European stocks steadied on Wednesday, but sentiment remained fragile as negotiations for a Brexit withdrawal deal seemed all but dead and the U.S.-China trade dispute triggered another round of selling. Washington is also moving ahead with discussions about restrictions on capital flows into China, Bloomberg reported. …read more […]
The bouts of added conflict are denting hopes that Washington and Beijing will find a resolution to their long-running and painful tariffs war. …read more […]
Britain’s insolvency agency said on Wednesday that Hays Travel had reached an agreement with Thomas Cook Group Plc to buy 555 stores of the collapsed travel firm in the UK.
(Bloomberg) — Electricite de France SA said repairs of faulty welds at a nuclear plant under construction in western France will boost the project’s cost by 14% to 12.4 billion euros ($13.6 billion), adding further financial strain to the cash-strapped atomic power giant.The latest budget hike at the Flamanville-3 reactor is yet another blow to the French state-controlled utility, which raised its cost estimate for two similar reactors it’s building in the U.K. just weeks ago. It also fuels doubts about nuclear’s future in France, where the government has been reluctant to approve new projects before Flamanville-3 is online.EDF has …read more […]
China’s Hikvision said on Wednesday a decision by the U.S. government to place it on a trade blacklist could have a short-term impact on the video surveillance company’s performance.
(Bloomberg) — PG&E Corp., the California utility giant forced into bankruptcy by two years of devastating wildfires, is carrying out the biggest planned blackout yet to keep power lines from sparking more blazes.PG&E began cutting electricity as part of an orchestrated shutoff that will eventually plunge almost 800,000 customers into darkness across Northern California, including parts of Napa Valley and Oakland. Cutoffs began after midnight local time Wednesday, with the first phase impacting about 513,000 customers, as hot, dry winds were forecast to pick up speed.Altogether, more than 2 million people may be affected, based on city estimates and the …read more […]
Hong Kong stock exchange boss Charles Li ignited his unrequited overture to the London Stock Exchange with a riff on Romeo and Juliet as a corporate romance, and doused it in a wistful blog reference to the author of ‘Alice in Wonderland’.
Airbus Defence and Space has issued an internal warning of significant challenges in meeting cashflow and other targets for 2019 as it rolls out an internal efficiency plan called “Momentum”, people familiar with the matter said.
China’s Hikvision said on Wednesday a decision by the U.S. government to place it on a trade blacklist could have a short-term impact on the video surveillance company’s performance.
Thyssenkrupp will make sweeping job cuts and give an update on the new company structure in November, the company’s new Chief Executive Martina Merz told employees on Monday.
U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.
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