LONDON (Reuters) – Britain’s Thomas Cook (TCG.L) scrambled on Friday to find an extra 200 million pounds ($251 million) to satisfy its lenders and secure the survival of the world’s oldest holiday company. FILE PHOTO: The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration/File Photo Last month Thomas Cook,
Business
BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he earned millions of euros from deals involving “astronomical” trades that prosecutors say were a means to make bogus tax reclaims. FILE PHOTO: State Prosecutor Anne Brorhilker before the trial of two British bankers accused of
LONDON (Reuters) – By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burned both his tractor and the shipping container where he kept some tools. His insurer is set to pay out a sixth of his losses. A fireman puts out flames
FILE PHOTO: A Eurofighter Typhoon jet lands in Payerne, Switzerland April 12, 2019. REUTERS/Denis Balibouse LONDON (Reuters) – The $5 billion acquisition of British defence company Cobham (COB.L) by U.S. private equity firm Advent International could be blocked on national security grounds after the government ordered an investigation into the agreed deal. Business minister Andrea
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia will restore its lost oil output of 5.7 million barrels per day (bpd) by the end of September and has managed to recover oil supplies to the levels they were at prior to weekend attacks on its facilities by drawing from oil inventories. Saudi Energy minister Prince Abdulaziz
WASHINGTON (Reuters) – Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National
DUBAI (Reuters) – An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. The Iran-aligned Houthi group that controls Yemen’s capital
SINGAPORE (Reuters) – Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched
LONDON (Reuters) – Hong Kong Exchanges and Clearing (0388.HK) is embarking on a three-week charm offensive with London Stock Exchange (LSE.L) investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong,
HOUSTON (Reuters) – Saturday’s attacks on key Saudi Arabia processing plants will test the world’s ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world’s biggest crude exporter. Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia, September
DETROIT (Reuters) – Overshadowed by a mushrooming U.S. federal corruption probe into top union officials that has created uncertainty for collective bargaining talks, the contract between the United Auto Workers (UAW) and General Motors Co (GM.N) will expire at midnight on Saturday. FILE PHOTO: United Auto Workers President Gary Jones delivers remarks at the opening
FILE PHOTO: Walt Disney CEO Bob Iger attends the European premiere of “The Lion King” in London, Britain July 14, 2019. REUTERS/Henry Nicholls (Reuters) – Apple Inc (AAPL.O) said on Friday Walt Disney Co (DIS.N) Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as the two companies
NEW YORK (Reuters) – A U.S. federal appeals court on Friday revived a lawsuit alleging President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, moving a watchdog group closer to obtaining financial records from his real estate company. FILE PHOTO: U.S. President Donald Trump
TOKYO/HONG KONG (Reuters) – Asian stocks climbed to their highest in six weeks on Friday, as signs of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped to calm fears of a global economic slowdown. FILE PHOTO: A man points out an electronic board showing the Nikkei stock index outside
NEW YORK (Reuters) – Wall Street advanced on Thursday, and the S&P 500 hovered a hair’s breadth below its all-time high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE)
SHANGHAI (Reuters) – U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world’s largest market of smokers. FILE PHOTO: Juul brand vaping pens are seen for sale in a shop in