Friday, February 8th, 2019

 

Brussels Airlines scraps flights during Feb. 13 national strike

BRUSSELS, Feb 8 — Belgian airline Brussels Airlines scrapped all its flights for next Wednesday because a national strike was likely to severely hit operations at its hub, Brussels Airport. The airline, owned by Lufthansa, was to have run 222…


German banks manoeuvre in Washington to temper Russia sanction risk

FRANKFURT, Feb 8 — German banks are seeking to blunt any fresh US sanctions against Russia so they can continue existing business with Russian clients, according to an internal briefing paper prepared by a financial industry lobby group. The risk…


Singapore police raid offices of beleaguered Wirecard

SINGAPORE, Feb 8 — Singapore police said today they raided the local offices of German payments processing firm Wirecard, following reports of fraud at the company that have sent its stock plummeting. Stock in the star “fintech” firm, which…


Ghosn ready to repay cost of Versailles wedding, says lawyer

PARIS, Feb 8 — Detained former Renault boss Carlos Ghosn is ready to repay a €50,000-bill for his wedding party at the Palace of Versailles which was waived under a sponsorship deal with the French car group, his lawyer said today. Renault said…


US stocks sag amid trade war worries

NEW YORK, Feb 8 — Wall Street stocks dropped early today, continuing to retreat for a third session amid revived trade war worries. About 15 minutes into trading, the Dow Jones Industrial Average stood at 25,003.57, down 0.7 per cent. The…


Banking whistleblower’s next crusade: A clean cryptocurrency

MADRID, Feb 8 — One of banking’s most wanted whistleblowers, Frenchman Herve Falciani, has picked unlikely new weapons to fight money-laundering and fraud – cryptocurrency and the blockchain technology behind it. Living in self-imposed exile…


France, Germany compromise on Russia's Nord Stream 2 gas pipeline

BRUSSELS, Feb 8 — France and Germany have struck a compromise allowing Berlin to remain the lead negotiator with Russia on the Nord Stream 2 gas pipeline to Europe, a proposed deal showed today. France, a pivotal player in the EU gas talks, had…


US Steel wins tax breaks from one of America’s poorest cities

GARY (Indiana), Feb 8 — United States Steel Corporation founded Gary, Indiana in 1906 – naming it after co-founder Elbert Henry Gary – and the city’s fortunes have been closely tied to the company ever since. When the firm started losing…


Amazon paves way for thousands of items to return to India site

MUMBAI, Feb 8 — Amazon has struck a deal that will allow hundreds of thousands of products forced offline because of new e-commerce rules to return to its Indian site, a source said today. Some 400,000 items disappeared from Amazon.in after…


India’s US considers withdrawal of zero tariffs for India, say sources

NEW DELHI, Feb 8 — India could lose a vital US trade concession, under which it enjoys zero tariffs on US$5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of…