Economy

Thursday, May 28th 2020 - 08:07 UTC
American Airlines plan to reduce management and support staff by 30%

American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.
Thursday, May 28th 2020 - 07:20 UTC
Boris Johnson will resume Brexit talks next month in Brussels

British Prime Minister Boris Johnson will resume Brexit talks in Brussels next month, the Times newspaper reported on Thursday. Britain's negotiator with the European Union, David Frost, said Johnson will meet the presidents of the European Commission and Council to formally assess the state of the talks, according to the newspaper.
Wednesday, May 27th 2020 - 08:20 UTC
Good and bad signals for Argentina: bonds rise strongly, but two rating agencies slap “default”

Argentine bonds rose strongly on Tuesday on optimism that a restructuring deal being brokered with creditors could be in reach, even as rating agencies slapped the country with downgrades after it defaulted for the ninth time last week.
Wednesday, May 27th 2020 - 08:19 UTC
LATAM Airlines files for bankruptcy in US; Brazil and Argentina subsidiaries out of the request

LATAM Airlines Group, the continent's largest carrier, filed for U.S. bankruptcy protection, Chapter 11, on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing includes Latam Peru, Chile, Ecuador, and Colombia, but leaves out Latam Brazil, Argentina and Paraguay.
Wednesday, May 27th 2020 - 08:14 UTC
New York Stock Exchange reopened its floor after a two month closure

The New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor on Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglass.
Wednesday, May 27th 2020 - 08:08 UTC
Mexican auto industry picks up with approved safety measures

Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.
Wednesday, May 27th 2020 - 07:40 UTC
People of Gibraltar reject any return to old bilateralism in the Rock's post Brexit future

The “status of Gibraltar” can be negotiated for Gibraltar by any parties other than the government of Gibraltar, and it is unacceptable to suggest that any negotiation could be between Spain and the United Kingdom. In the post-Brexit future, for the people of Gibraltar democratic legitimacy and credibility is above any return to old-style bilateralism.
Wednesday, May 27th 2020 - 07:24 UTC
Health professionals urge G20 leaders to put public health at the centre of recovery

Over 40 million doctors, nurses and other health professionals from 90 countries, including many working on the frontlines of the Covid-19 pandemic, sent a letter to G20 leaders urging them to put public health at the center of their economic recovery packages, to help avoid future crises and make the world more resilient to them.
Wednesday, May 27th 2020 - 07:19 UTC
Donald Tusk quips about Brexit mastermind Cummings and his trip

A senior European Union politician couldn't help a Brexit quip as he waded into Britain's row over Dominic Cummings, Prime Minister Boris Johnson's top adviser and mastermind of leaving the bloc who is accused of violating coronavirus travel curbs.
Wednesday, May 27th 2020 - 07:12 UTC
Jaguar Land Rover in talks with UK government on a range of issues

Jaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds (US$1.22 billion), Sky News said, even when the company said the report was inaccurate.