Euro slumps to two-decade low as recession fears develop

Euro at lowest degree since finish of 2002 Greenback rises on safe-haven demand Yen sinks close to 24-year lows once more NEW YORK, July 5 (Reuters) – Protected-haven demand strengthened the greenback on Tuesday to ranges final seen in 2002 whereas the euro slumped to two-decade lows as the newest surge in European fuel costs … Read more

Airline SAS information for US chapter safety as strike grounds flights

Airline information for Chapter 11 in the US Submitting comes after pilot strike started on Monday Strike grounding roughly half of airline’s flights STOCKHOLM, July 5 (Reuters) – Scandinavian airline SAS (SAS.ST) has filed for chapter safety in the US to assist minimize debt, it stated on Tuesday, warning strike motion by pilots had deepened … Read more

Airline SAS says survival at stake as pilot strike grounds flights

Strike to floor roughly half of airline’s flights SAS says it’ll have an effect on about 30,000 passengers per day Strike raises uncertainty of loss-making airline’s future Largest airline strike since BA pilots in 2019 STOCKHOLM, July 4 (Reuters) – Wage talks between Scandinavian airline SAS (SAS.ST) and its pilots collapsed on Monday, triggering a … Read more

Shares, oil increased as China relaxes quarantine guidelines

LONDON, June 28 (Reuters) – World shares have been increased on Tuesday whereas oil costs firmed following China’s resolution to ease some quarantine necessities for worldwide arrivals that raised hopes for stronger progress and a revival in demand for commodities. China slashed the quarantine time for inbound vacationers by half in a significant easing of … Read more

Credit score Suisse discovered responsible in cocaine money laundering case

Credit score Suisse first main Swiss financial institution to face prison trial Former banker discovered responsible of certified cash laundering Financial institution plans to enchantment BELLINZONA, Switzerland, June 27 (Reuters) – Credit score Suisse (CSGN.S) was convicted by Switzerland’s Federal Prison Courtroom on Monday of failing to stop money-laundering by a Bulgarian cocaine trafficking gang … Read more

Studying the market tea-leaves for world recession dangers

A Wall Avenue signal outdoors the New York Inventory Alternate in New York Metropolis, New York, US, October 2, 2020. REUTERS / Carlo Allegri // File Picture Register now for FREE limitless entry to Reuters.com Register LONDON, June 24 (Reuters) – The quickest rate-hiking cycle in a long time and inflation nearing double-digits has received … Read more

US bans gross sales of Juul e-cigarettes, firm to hunt keep on enforcement

June 23 (Reuters) – Gross sales of Juul e-cigarettes have been blocked by the U.S. Meals and Drug Administration on Thursday, in a significant blow to the as soon as high-flying agency whose merchandise have been tied to a surge in teenage vaping. The company mentioned the purposes “lacked adequate proof” to point out that … Read more

Unique: Contained in the hangar on the heart of the $ 1 billion Airbus-Qatar jet dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with their home windows taped and engines lined in a floodlit hangar within the Gulf, hobbled by a world authorized dispute between European industrial big Airbus (AIR.PA) and Qatar’s nationwide provider. From a distance, the planes may seem to be another long-haul jetliners … Read more

1000’s stroll out in Britain’s largest rail strike in 30 years as Johnson vows to remain agency

Greater than 40,000 rail staff stroll out Authorities below stress over cost-of-living disaster Unions say strike could begin ‘summer time of discontent’ LONDON, June 21 (Reuters) – Tens of 1000’s of staff walked out on Britain’s largest day rail strike in 30 years on Tuesday with passengers going through additional chaos as each the unions … Read more

Crypto’s newest meltdown leaves punters bruised and bewildered

LONDON / MUMBAI / ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was a super place to stash his digital foreign money holdings – and earn some spending cash from its double-digit rates of interest alongside the best way. “I used to be most likely incomes $ 100 every week,” at … Read more