British Airways’ announcement fell short for some frequent fliers who expressed their disappointment online. Scott Barbour British Airways Chairman and CEO Alex Cruz will step down as the airline’s chief executive, parent firm IAG announced on Monday, with Aer Lingus Chairman and CEO Sean Doyle set to take the reins […]
FAN Editor
French PM does not rule out local lockdown due to COVID-19 spike
FILE PHOTO: People walk past a placard that reads “Mandatory to wear a mask” in the streets of Lille as the coronavirus disease (COVID-19) outbreak continues in France, October 8, 2020. REUTERS/Pascal Rossignol October 12, 2020 PARIS (Reuters) – French Prime Minister Jean Castex said on Monday he did not […]
China hands out $1.5 million of its digital currency in one of the country’s biggest public tests
A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015. Jie Zhao | Corbis News | Getty Images GUANGZHOU, China — China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future. Last week, […]
China’s exports seen sustaining recovery in September as markets reopen
October 12, 2020 BEIJING (Reuters) – China’s exports likely posted a fourth straight month of gains in September as more trading partners reopened their economies, a Reuters poll showed, while imports are also expected to have edged back into growth. Exports have not been as severely affected by the global […]
IAG replaces BA CEO with Aer Lingus boss
October 12, 2020 LONDON (Reuters) – Airlines group IAG <ICAG.L> named Aer Lingus boss Sean Doyle as the new chief executive of British Airways, replacing Alex Cruz in the top job, one of a number of management changes announced by IAG’s new chief executive after a month in the job. […]
Bank of England asks banks about readiness for negative rates
FILE PHOTO: A man wearing a protective face mask walks past the Bank of England in the City of London, Britain, August 6, 2020. REUTERS/Toby Melville/File Photo October 12, 2020 LONDON (Reuters) – The Bank of England asked banks on Monday for information about their readiness for the possibility of […]
Here’s how Singapore plans to resume international travel safely
SINGAPORE — Singapore has no domestic air travel market and “can’t wait around for a vaccine” before allowing more visitors to enter through international flights, the country’s transport minister said on Monday. The coronavirus pandemic has hit the global aviation industry hard, as many countries shut their borders and restricted […]
Indonesia central bank expected to stand pat on interest rates: Reuters poll
October 12, 2020 JAKARTA (Reuters) – Indonesia’s central bank is expected to keep its benchmark interest rate unchanged on Tuesday and continue to focus on supporting Southeast Asia’s largest economy via quantitative easing, according to analysts in a Reuters poll on Monday. All but two of 27 analysts in the […]
Asia-Pacific countries begin to ease pandemic-related travel bans, but hurdles remain
October 12, 2020 By Jamie Freed SYDNEY (Reuters) – Asia-Pacific countries including Singapore, Australia and Japan are gradually easing some international travel restrictions as coronavirus cases slow, in hopes of helping to revive their economies. International travel in Asia has collapsed during the pandemic due to border closures, with passenger […]
China moves to curb yuan strength, making it cheaper to bet against the currency
A bank employee counts U.S. currency and Chinese currency notes at a bank on August 6, 2019 in China. Xu Jinbai | Visual China Group | Getty Images The Chinese yuan fell on Monday following recent months of rallying. The weakness was triggered after the central bank changed rules on […]