Olga Cotaga (REUTERS) LONDON Sterling kept within its recent trading range on Thursday but this week could prove its second best so far this month as expectations that the Conservative Party may win a majority in the Dec. 12 national election fuel investors' optimism. British Prime Minister Boris Johnson's Conservatives have a...
By Josh Horwitz SHANGHAI, May 22 (Reuters) - The latest U.S. government action against China's Huawei takes direct aim at the company's HiSilicon chip division -- a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools...
Marc Jones (REUTERS) LONDON World shares and benchmark government bond yields inched higher on Tuesday, as investors awaited a speech by U.S. President Donald Trump on U.S. trade policy and an inevitable maelstrom of headlines. Hopes for the speech were two-fold. Firstly, that there would be reassurances that China talks were progressing,...

The toll on travel

The most difficult times imaginable As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world’s airlines called the last few months “its deepest crisis ever.” A Reuters analysis of data from FlightAware, which...
MILAN, (Reuters) Italy’s biggest bank UniCredit said on Tuesday it would buy back its stock this year to improve returns for investors, and shed 9 percent of staff under a new plan to 2023 to cut costs by 1 billion euros ($1.1 billion) in Western Europe. Highlighting the challenge facing retail...
PARIS The coronavirus will accelerate a Darwinian shakeout in Europe’s overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict. Nobody is exempt from the short-term pain that has already seen Flybe collapse and Norwegian Air stock lose about 70 percent of its value in a...
By Rania El Gamal and Vladimir Soldatkin DUBAI/MOSCOW, April 10 (Reuters) - Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a...
By James Davey LONDON, May 9 (Reuters) - The British government has told airlines it will introduce a 14-day quarantine period for most people arriving from abroad to try to avoid a second peak of the coronavirus pandemic, an association representing the airlines said on Saturday. Airlines UK, which represents British...
By Josh Smith and Sangmi Cha SEOUL, April 10 (Reuters) - South Korean officials on Friday reported 91 patients thought cleared of the new coronavirus had tested positive again. Jeong Eun-kyeong, director of the Korea Centers for Disease Control and Prevention (KCDC), told a briefing that the virus may have been...
By Jeff Mason WASHINGTON, April 20 (Reuters) - President Donald Trump said on Monday he will suspend all immigration into the United States temporarily through an executive order in response to the coronavirus outbreak and to protect American jobs. The move, which the Republican president announced on Twitter, effectively achieves a...