Southwest Airlines said on Friday it has sent furlough notices to 42 parts inventory workers after the union representing them refused to discuss pay cuts the airline argues it needs from all employees to offset $1 billion in overstaffing costs.
Airbus delivered 72 aircraft in October, almost matching its performance in the same month last year as the European planemaker continues to focus on stabilising cash generation to weather the coronavirus pandemic.
Big-wave surfer Andrew Cotton is not keen on heights yet plummeting down the side of an 80ft Atlantic breaker feels like the most natural thing in the world to the Englishman.
Consumer inflation in Russia is seen accelerating to 4.1-4.2% in November, climbing above the central bank's 4% target on the back of the rouble's recent weakening, the economy ministry said on Friday.
The European Union is likely to impose tariffs on $4 billion of U.S. imports including planes and plane parts next week in retaliation over U.S. subsidies for aircraft maker Boeing, EU diplomats said on Friday.
European lawmakers said on Friday time was running out to put in place any new trade agreement between London and the European Union before the end of an 11-month transition period following Britain's departure from the bloc.
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A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
EU antitrust regulators have extended their deadline for a decision on Air Canada's proposed acquisition of Canadian tour operator Transat by two weeks to Jan. 8.
Chinese airlines are shunning some deliveries of Airbus aircraft, citing fears of coronavirus infection for their staff in the latest tussle over efforts to keep delayed deliveries on track despite the pandemic, industry sources said.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
British airports urged the Prime Minister to provide bespoke support for the sector, warning that without it some could shut, ruining government hopes for UK trade as the country seeks new economic ties beyond the European Union.
The German government believes flag carrier airline Lufthansa could need more money next year, Der Spiegel magazine reported, citing an internal government document, though the government dismissed the report as "speculation".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Debts to aircraft lessors and some creditors of South African Airways are not covered by a 10.5 billion rand ($665 million) government bailout, administrators said, raising the prospect that future state budgets will have to keep paying out for SAA.
Singapore Airlines Ltd reported on Friday a record S$2.34 billion ($1.74 billion) net loss for the July-September quarter, hit by a plunge in passenger numbers due to the COVID-19 pandemic and impairments charges on older aircraft.
Brazil's Agriculture Ministry has issued a regulation facilitating imports of genetically modified (GMO) soybean from the United States, it said in a statement in response to questions from Reuters.
Alibaba Group Holding Ltd and Swiss group Richemont will invest $1.1 billion in online luxury fashion retailer Farfetch Ltd and its new marketplace in China, as online demand for luxury goods booms in the Asian country.
Richemont is not for sale and the Rupert family will remain a shareholder, Chairman Johann Rupert told investors on a call on Friday, adding he has recommended that family members not assume executive roles in the company.
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