Wednesday 21 November 2018

Bombardier cuts 490 jobs at Belfast plant

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Bombardier cuts 490 jobs at Belfast plant

Bombardier Inc is to cut 490 jobs at its Belfast operations, the Canadian company announced on Wednesday.

Ryanair seeing record demand through website, no Brexit impact

Irish budget airline Ryanair enjoyed the busiest day in history for its website this week and has not seen any impact on demand from British or European consumers due to Brexit, it's chief marketing officer said on Wednesday.

World stocks try to find feet after tech-driven rout

World stocks steadied on Wednesday and Wall Street was set to open firmer after the previous session saw $1 trillion wiped off the value of leading tech shares, while oil prices staged a modest rebound after slumping to one-year lows.

LATAM Airlines posts steep drop in third-quarter profit, reduces fleet commitments

LATAM Airlines, the biggest airline group in Latin America, reported a quarterly net profit of $53 million on Tuesday, down from $160 million a year earlier, as it faced increased competition from low-cost competitors.

Amazon opens Spanish pop-up store to showcase its wares

Amazon on Wednesday opened its first pop-up store in Spain in an old building in one of Madrid's prime shopping districts styled as a house with everything for sale, from electronic goods to video games to clothing.

Foxconn aims to cut $2.9 billion from expenses in 2019: Bloomberg

Taiwan's Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces "a very difficult and competitive year", Bloomberg reported on Wednesday, citing an internal memo.

Oil bounces above $63 after slide, but glut worries persist

Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day's 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories.

Danske money laundering whistleblower labels UK structures a 'disgrace'

British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske Bank.

Deutsche Bank had limited need to know details of Danske transactions, executive says

Deutsche Bank played only a secondary role as a so-called correspondent bank to scandal-hit Danske Bank, limiting what it needed to know about the people behind the transactions, the German lender's regulation chief said on Wednesday.

Harvesting in a trade war: U.S. crops rot as storage costs soar

U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.

Nissan wants less clout from Renault as Japan seeks to stabilize alliance

Japan said it is ready to work for the stability of the Nissan-Renault global alliance following the stunning arrest of common Chairman Carlos Ghosn, but a Nissan executive said the Japanese automaker is seeking ways to weaken the influence of its French partner.

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