Flybe Group Plc is in talks for a possible sale to Virgin Atlantic Airways Ltd, the British regional airline said on Friday, as it grapples with falling demand, higher fuel costs and a weak British pound.
Workers at Amazon logistic centers in Germany and Spain staged strikes on Friday, walking off the job on Black Friday, the discount spending spree that kicks-off the start of the crucial Christmas shopping season.
Britain’s bank bosses are hoping for the green light to return more capital to long-suffering investors when the Bank of England publishes results next week from its annual stress test of leading lenders.
European Union antitrust regulators are investigating global distribution service (GDS) providers Amadeus and Sabre over contract terms which they say may prevent airlines and travel agents from switching to rival ticketing agents.
British regional airline Flybe Group Plc said on Friday Virgin Atlantic Airways Ltd was one of the parties it was in discussions with, as part of a formal sale process announced earlier this month.
The market for organic wine will grow rapidly in the next five years as environmentally-conscious consumers increasingly favor pesticide-free wines, but their market share will remain relatively small globally, a study showed.
Volvo Cars has decided to delay its original plan to start building Lynk & Co vehicles at its plant in Belgium at the end of 2019 due to increased macro-economic uncertainty, a spokesman for the carmaker said on Friday.
China said on Friday the World Trade Organization (WTO) is having a “profound crisis” and urged it to close loopholes and correct practices by member states that damage the global trading system.
Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers consider cutting production to try to stem a rising global surplus.
The European Commission said on Friday it had opened an investigation into a possible breach of EU antitrust rules by flight booking systems Amadeus and Sabre , and their dealings with airlines and travel agents.
U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season.
Oil prices fell on Friday to their lowest this year, on course for their biggest one-month decline since late 2014 when OPEC opted to pump as much crude as it could to gain market share and sent prices on a near-unbroken two-year slide.
European markets opened higher on Friday with most stock indexes rising modestly after a volatile week in which company earnings and growth worries hit stocks, though the euro sank after a weaker-than-expected German business survey.
Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012, dealing a blow to the carmaker as the legal battles over its emissions cheating scandal drag on.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
