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February 22, 2020
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Reuters - Business

New UK business minister urged to move fast on audit reform

Reuters
LONDON (Reuters) – Britain’s new business minister Alok Sharma was urged on Friday to come forward as soon as possible with a draft law to create a more powerful accounting watchdog. Britain’s Secretary of State for Business, Energy and Industrial Strategy Alok Sharma is seen outside Downing Street in London,......
Reuters - Business

AirAsia’s Fernandes denies Airbus bribe involving his former F1 team

Reuters
KUALA LUMPUR (Reuters) – AirAsia Group Bhd’s (AIRA.KL) Tony Fernandes on Tuesday denied a now-defunct Formula 1 racing team formerly co-owned by him had any links to a bribery scandal involving the Malaysian airline’s only plane supplier, Airbus SE (AIR.PA). Fernandes, one of the aviation industry’s best-known faces, on Monday......
Reuters - Business

Airbus bribery scandal triggers new probes worldwide

Reuters
PARIS (Reuters) – Fallout from the Airbus (AIR.PA) bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. FILE PHOTO: The Airbus logo is pictured......
CNBC Business

Bucket lists are bad for travel, and social media makes it worse

CNBC
CNBC – For more and to sign up click here What do the Mona Lisa, the Great Wall of China and Trolltunga have in common? It sounds like a bad travel joke, but the answer is — they are popular bucket list destinations for travelers around the world. The pop......
Reuters - Business

Airlines scour the world for scarce 737 MAX simulators

Reuters
MONTREAL/SYDNEY/WASHINGTON (Reuters) – Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model. An inside view of the Icelandair Boeing 737 MAX......
Reuters - Business

Walsh to bow out after building British Airways parent IAG

Reuters
LONDON (Reuters) – Willie Walsh, head of British Airways parent firm IAG (ICAG.L), will step down in June from the airlines group he helped build and hand the reins to Luis Gallego, current CEO of IAG’s Iberia. FILE PHOTO: Willie Walsh, CEO of International Airlines Group speaks during the closing......
Reuters - Business

Latin America’s Avianca reduces Airbus order by 20 planes

Reuters
FILE PHOTO: An Avianca Airlines plane is seen at the Monsenor Oscar Arnulfo Romero International Airport in San Luis Talpa, El Salvador, January 17, 2018. REUTERS/Jose Cabezas BOGOTA (Reuters) – Latin American airline Avianca (AVT_p.CN) has reached an agreement with airplane manufacturer Airbus (AIR.PA) to reduce the number of planes......
Reuters - Business

Tencent gets into global groove with stake in Vivendi’s Universal

Reuters
PARIS/HONG KONG (Reuters) – A Tencent-led consortium is taking a 10% stake in Vivendi’s Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass. FILE PHOTO: A Tencent sign at the......

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