DUBLIN/PARIS (Reuters) – Ryanair (RYA.I) slashed its annual passenger target by another 10 million on Wednesday, becoming the latest European airline to signal more capacity cuts as resurgent COVID-19 infections and travel restrictions dent recovery hopes. “The winter of 2020 will be a write-off,” Ryanair Group Chief Executive Michael O’Leary predicted in an interview. Europe’s […]

NEW YORK (BLOOMBERG) – JPMorgan Chase & Co says it’s probing the role of some employees who may have enabled misuse of Covid-relief funds in what it calls potentially illegal activities. The bank said it has seen “instances of customers misusing Paycheck Protection Program Loans, unemployment benefits and other government programs” and that some “employees […]

NEW YORK (Reuters) – U.S. stocks dropped for a third straight session on Tuesday as a sell-off in high-flying technology names continued from the prior week, while Tesla was poised for its worst day in nearly six months after the stock was passed over for inclusion in the S&P 500. Ten of the 11 major […]

TOKYO (Reuters) – U.S. stock futures and Asian shares regained some footing on Tuesday following a small bounce in European shares as investors looked to whether high-flying U.S. tech shares could recover from their recent rout. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2% while Japan’s Nikkei .N225 gained 0.4%. U.S. financial […]

LONDON (Reuters) – The euro fell on Monday as traders that have pushed the single currency to multi-year highs took a breather and prepared for the European Central Bank meeting on Thursday to see if policymakers will introduce yet more stimulus. The dollar has tumbled to more than two-year lows against the euro in recent […]

DUBAI (Reuters) – Abu Dhabi’s Etihad Airways on Monday said it would cover medical and quarantine costs for passengers if they contract the new coronavirus after traveling on one of its flights. Airlines around the world are trying to find ways to stimulate demand that has been shattered by the pandemic and expected to take […]

LONDON (Reuters) – The euro-dollar exchange rate steadied above $1.18 on Monday as traders took stock of the latest U.S. jobs data and prepared for the European Central Bank meeting on Thursday to see if policymakers will introduce yet more stimulus. The dollar has tumbled to more than two-year lows against the euro at the […]

SEOUL (Reuters) – Samsung Electronics (005930.KS) said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon (VZ.N) in the United States, a major win for the South Korean firm in the next-generation 5G network market. Samsung’s global prospects for its network business have improved following U.S. sanctions on […]

SYDNEY (Reuters) – Asian shares started Monday on the backfoot as investors grapple with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply. Japan’s Nikkei was down 0.4% ahead of a heavy week of macroeconomic data with figures on household spending, current […]

More train services in England, Wales and Scotland will run from Monday as the government encourages people back to work. The Rail Delivery Group, which represents train operators and Network Rail, says around 90% services will be running. Rail passenger numbers are now back to about one-third of pre-pandemic levels. Train companies “want people to […]