Socialists win Spanish election but far-right party surges

Prime Minister Pedro Sánchez's Socialists won Spain's national election on Sunday. But large gains by the upstart far-right Vox party appear certain to widen the political deadlock in the European Union's fifth-largest economy. The big political shift came as right-wing voters flocked to Vox, which only had broken into Parliament in the spring for the first time. Prime Minister Pedro […]

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Ryanair boss says the package holiday market is finished

Ryanair boss Michael O’Leary believes the package holiday market is finished and said that Britain’s Civil Aviation Authority must take some of the blame for the demise of Thomas Cook. Thomas Cook, the world’s oldest travel firm, collapsed last week, leaving more than 500,000 holidaymakers stranded abroad. Talking at a Reuters Newsmaker event on Tuesday, O’Leary was blunt about the […]

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Boeing may halt 737 MAX production if planes stay grounded through 2019

Aerospace company Boeing has not ruled out further reducing or temporarily shutting down production of the 737 Max aircraft, if the plane does not return to service by the end of the year, chairman and CEO Dennis Muilenburg said Wednesday. Interested in Boeing? The company expects the 737 Max’s return to service will be “early in the fourth quarter,” Muilenburg […]

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Coast Capital gets backer in shareholder rebellion at FirstGroup

A second major shareholder has joined an investor drive to eject the board of FirstGroup as the transport group faces an emergency meeting on Tuesday that could result in Britain’s most lucrative rail franchise again slipping from its grasp. Columbia Threadneedle said it was backing resolutions brought by activist investor Coast Capital to replace seven directors including the chairman and […]

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HDFC Bank wholesale book increases 32% in 2018-19

Such lending now comprises 46% of the lender’s total book, says executive director Kaizad Bharucha At a time when most lenders are shying away from lending to the corporate sector, private sector lender HDFC Bank grew its wholesale book by 32% in 2018-19. As a result, the wholesale lending book is now 46% of the total book compared with 43% […]

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Nissan cuts back on more business at English plant

Infiniti Motor Co., the luxury division of Japanese automaker Nissan, says it's withdrawing from Western Europe — offering another blow to carmakers in the U.K. bracing for Britain's departure from the European Union. Continue Reading Below The company said Tuesday that as part of its restructuring plan, it will cease making two models, the Q30 and QX30, by mid-2019 at […]

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UK and US agree post-Brexit derivatives trading deal

The US has lent its backing to Britain to protect the City from losing trillions of pounds of complex financial derivatives business after Brexit, warding off a potential banking industry land grab by the EU. In a joint announcement heralded as a sign of the special relationship between the UK and the US, the two countries said they would take […]

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Why America's small businesses and entrepreneurs win under USMCA

Trump on USMCA: An agreement that benefits working people President Trump on the impact of the USMCA deal with Canada and Mexico. The United States-Mexico-Canada Agreement (USMCA) was signed by President Trump and his fellow leaders at the G20 in Argentina. The accord modernizes the decades-old NAFTA and is chock full of meaningful provisions that will help American small businesses […]

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