British travel firm Thomas Cook collapses, stranding hundreds of thousands

British travel firm Thomas Cook collapses, stranding hundreds of thousands
LONDON (Reuters) – Thomas Cook (TCG.L), the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. FILE PHOTO: The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration/File Photo Chief Executive Peter Fankhauser said it was a matter... Read More

Thomas Cook CEO on liquidation: ‘I apologise’

Thomas Cook CEO on liquidation: ‘I apologise’
LONDON (Reuters) – Peter Fankhauser, the chief executive of Thomas Cook, apologized on Monday for the liquidation of the world’s oldest travel company. Following are his comments in a statement: “We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement to secure Thomas Cook’s future for its employees, customers and suppliers. Although a... Read More

Asian shares firmer on improved Sino-U.S. trade tone, oil up 1%

Asian shares firmer on improved Sino-U.S. trade tone, oil up 1%
SYDNEY (Reuters) – Asian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as “productive” and “constructive”, while oil gained more than 1% as Middle East tensions remained elevated. File Photo: Pedestrians wearing masks are reflected in an electronic board showing various stock prices outside a brokerage in Tokyo,... Read More

Asian shares gain on better Sino-U.S. trade tone, oil climbs

Asian shares gain on better Sino-U.S. trade tone, oil climbs
SYDNEY (Reuters) – Asian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as “productive” and “constructive”, while oil gained more than 1% as Middle East tensions remained elevated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan... Read More

Indonesian investigators determine 737 MAX design flaw and oversight lapses in Lion Air crash: WSJ

Indonesian investigators determine 737 MAX design flaw and oversight lapses in Lion Air crash: WSJ
FILE PHOTO: A worker assists his colleague during the lifting of a turbine engine of the Lion Air flight JT610 jet, at Tanjung Priok port in Jakarta, Indonesia, November 4, 2018. REUTERS/Beawiharta (Reuters) – Indonesian investigators have found that design and oversight lapses played a key role in the fatal crash of a Boeing Co’s 737 MAX jet in October,... Read More

Republican casino magnate Adelson cautioned Trump on trade war with China: WSJ

Republican casino magnate Adelson cautioned Trump on trade war with China: WSJ
FILE PHOTO: Casino magnate Sheldon Adelson and his wife Miriam listen to U.S. President Donald Trump address the Republican Jewish Coalition 2019 Annual Leadership Meeting in Las Vegas, Nevada, U.S., April 6, 2019. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – A top Republican donor warned President Donald Trump in a phone call last month that his escalating trade war with China... Read More

SoftBank turns against WeWork’s parent CEO Neumann: sources

SoftBank turns against WeWork’s parent CEO Neumann: sources
(Reuters) – Japan’s SoftBank Group Corp (9984.T), the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing start-up, four people familiar with the matter said on Sunday. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event in Manhattan, in New York... Read More