BEIJING (Reuters) – China’s monetary policy has ample room and sufficient tools, including further cutting banks’ reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday. China’s economy grew just 0.4% in the second quarter from the same period last year, down sharply…
LONDON (Reuters) – The British government launched an “Aviation Passenger Charter” on Sunday to help passengers know their rights if they are faced with problems at airports after the widespread disruption seen this year. Long queues and cancelled flights caused by staff shortages have caused chaos at times, prompting airlines to cut back their schedules…
By David Shepardson LONDON (Reuters) – U.S. airplane maker Boeing Co trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market. Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for replacement aircraft,…
(Reuters) – Boeing on Saturday said it is “disappointed” that the union representing nearly 2,500 employees at the U.S. planemaker’s facilities in the St. Louis area has recommended rejection of management’s contract offer. The International Association of Machinists and Aerospace Workers (IAM), the union representing the workers, said in an earlier statement that it recommended…
(Reuters) -Starbucks Corp is not in a formal sale process for its UK business, a company spokesperson said in a statement after The Times reported earlier on Saturday that the coffee chain is exploring a sale of the UK operations. According to the Times report, Starbucks has not initiated a “formal sales process” of its…
VIENNA (Reuters) -The Swiss National Bank is currently planning to raise interest rates by 50 or 75 basis points in its next scheduled monetary policy announcement in September, a Swiss newspaper reported on Saturday, citing one or more people involved in the matter. The central bank last month raised its policy rate for the first…
(Reuters) – Starbucks Corp is exploring a sale of its UK operations as it faces competition from newer operators, The Times reported https://www.thetimes.co.uk/article/starbucks-explores-sale-of-uk-division-gmldppm6f on Saturday citing sources. The coffee chain has asked Houlihan Lokey Inc to canvass interest for its UK business, the report said adding that the company has been facing competition from rival…
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is necessary. “There was no oil discussion at the summit,” Prince Faisal bin Farhan Al Saud told a news conference, adding there were discussions…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan is likely to get $4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund, the country’s finance minister said, two days after sealing a deal with the lender. The IMF has reached a staff level agreement with Pakistan…
By Tim Hepher LONDON (Reuters) -A UK judge on Friday rejected an attempt by Airbus to invoke a De Gaulle-era law restricting the way it responds to foreign courts, as a high-profile dispute with Qatar Airways became mired in a growing debate over cross-border legal powers. Qatar Airways is suing France-based Airbus for $1.4 billion…
