Worries about US bond markets signalling an impending recession and a still rumbling trade war between the world’s two biggest economies sent European shares sinking further on Wednesday after a 3pc drop on Wall Street. The pan-European STOXX 600 was down 1.2pc by 0830 GMT, hitting its lowest level since November 23, with Germany’s DAX, […]
Ryanair is facing enforcement action by the UK airline regulator over its refusal to compensate passengers for flight disruption caused by staff taking strike action. The UK’s Civil Aviation Authority (CAA) said the low-cost airline has rejected compensation claims and has now ended its agreement with AviationADR – a CAA-approved body for alternative dispute resolution […]
HONG KONG — President Trump fires off a tweet from the White House. Markets shudder. Stocks around the world on Wednesday continued their tumble after Mr. Trump posted a series of tweets warning that a fragile cease-fire in the trade war with China could easily be derailed. They followed a sharp drop on Wall Street […]
(Reuters) – Kids’ clothing retailer Gymboree Group Inc said on Wednesday it initiated a strategic review of its brands Gymboree, Janie and Jack, and Crazy 8, which could result in the sale of some brands and closure of some stores. Gymboree said it intends to shut its Crazy 8 store locations and cut the number […]
The UK’s Civil Aviation Authority (CAA) – which is no stranger to disputes with the no-frills carrier – said its decision followed the company’s move to terminate its working relationship with a body designed to resolve customer complaints. The watchdog said widespread strikes involving Ryanair workers over the summer were not “extraordinary circumstances” and were […]
Facing multiple sexual misconduct allegations and fearing his career as an entertainment titan was over, Leslie Moonves, the chief executive of CBS, destroyed evidence and misled investigators in an attempt to preserve his reputation and save a lucrative severance deal, according to a draft of a report prepared for the company’s board. The report, by […]
Opec and its allies are working toward a deal this week to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a major cut was so far the main stumbling block. Opec meets on Thursday in Vienna, followed by talks with allies such as Russia […]
(Reuters) – Kids’ clothing retailer Gymboree Group Inc said on Wednesday it initiated a strategic review of its brands Gymboree, Janie and Jack, and Crazy 8, which could result in the sale of some brands and closure of some stores. Gymboree said it intends to shut its Crazy 8 store locations and cut the number […]
Federal prosecutors in Manhattan unsealed an indictment on Tuesday that contained the first charges brought in the United States in connection with the so-called Panama Papers leak. The indictment, which a grand jury returned in late September, names four men connected to Mossack Fonseca, the shuttered offshore law firm whose activities were laid bare in […]
WASHINGTON (Reuters) – U.S. Federal Reserve officials convinced the massive U.S. bond market has fundamentally changed in the last decade are about to test their commitment to that idea against investors who have begun betting against the U.S. central bank’s ability to continue raising interest rates. In what could set the stage for a volatile […]