Category: Business

DUBLIN (Reuters) – The chairman of major aircraft leasing firm Air Lease (AL.N), which has 150 of Boeing’s (BA.N) grounded 737 MAX jet on order, on Monday called on the U.S. manufacturer to drop the “damaged” MAX brand to avoid it undermining the plane’s value. The comments by Steven Udvar-Hazy, one of the founders of…

LONDON (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle. Brent crude LCOc1 was up 59 cents, or 0.9%, at $65.44 by 1442 GMT,…

LONDON (Reuters) – The BBC’s most powerful man will step down in six months to allow a new person to lead negotiations with Prime Minister Boris Johnson’s government over a financing model for the publicly funded broadcaster. Director General Tony Hall said he would leave in the summer after seven years at the helm of…

LONDON (Reuters) – World stocks traded just below record highs on Monday, pausing ahead of this week’s central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields. European equity markets were lower, while U.S. stock futures dipped, with the…

WASHINGTON/DAVOS (Reuters) – Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said on Monday. For 2020 and 2021, the IMF trimmed back its global growth forecasts, mostly due to a…

BRUSSELS (Reuters) – Belgium’s labor authority launched the first stage of a court case against British food delivery group Deliveroo on Monday, challenging working conditions for the firm’s 3,500 riders in Brussels. The authority, a division of Belgium’s Ministry of Labour, filed the case over the legal status of Deliveroo’s riders after an 18-month investigation…

GENEVA (Reuters) – Global direct foreign investment (FDI) dipped slightly around the world last year, hit by massive divestment in Hong Kong and a drop in flows into Britain due to Brexit uncertainty, the United Nations said on Monday. FDI could rise marginally in 2020 on the back of modest growth as trade tensions between…

VANCOUVER/TORONTO (Reuters) – Huawei Chief Financial Officer Meng Wanzhou will be in a Vancouver courtroom on Monday for the first day of her extradition trial, a process expected to take months – possibly years – to decide whether she can be extradited from Canada to the United States. The United States has charged her with…

TORONTO/LONDON (Reuters) – Meng Wanzhou, chief financial officer of Huawei Technologies Co Ltd, will appear in a Vancouver, Canada, courtroom on Monday for the first day of her extradition trial, a process expected to take months – possibly years – to decide whether she can be extradited from Canada to the United States. Here is…

BEIJING (Reuters) – China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive’s first extradition hearing later in the day. “The resolve of the Chinese government to protect Chinese citizens’ proper legal rights is firm and unwavering,” foreign ministry…