British Airways faces a strike ballot among cabin crew over proposed changes to working practices, just days after it announced a merger deal with Spanish carrier Iberia. Trade union Unite said on Monday it was issuing ballot papers to its 12,000-plus members of BA's 14,000-strong cabin crew workforce. "We ask British Airways to signal that
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The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the largest increase in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher. Adding urgency to talks President Barack Obama will have with Chinese leaders in coming days, the monthly trade gap
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The U.S. dollar eased on Friday after overnight gains and euro zone growth data showed the region pulled out of recession, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies before succumbing to another sporadic bout of profit-taking, and traders said the currency's broad weakness
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Gains in HSBC and energy stocks kept Britain's top share index in positive ground for a third day on Friday, offsetting weaker defensives, while British Airways rose after agreeing a merger with Iberia. By 1204 GMT the FTSE 100 was up 10.82 points at 5,287.32 points, a day after closing at a three-week high. It
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U.S. crude oil rose above $77 a barrel on Friday, buoyed by renewed weakness in the U.S. dollar, but bulging fuel inventories in the United States kept price gains in check. By 1000 GMT, U.S crude futures were up 54 cents at $77.48 a barrel, having fallen by more than $2 in the previous session.
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OPEC should keep oil production unchanged at its last meeting of the year in December due to high oil stocks and weak fundamentals in the global economy, the group's president said on Friday. Jose Botelho de Vasconcelos, who is also Angola's oil minister, told journalists that although many in the group were inclined to maintain
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Tourism arrivals in Cyprus continued to fall steeply in October, falling by 14% 230,431 in October 2009 compared with 267,866 in October 2008. Arrivals from the United Kingdom, which sources more than half of all tourists, fell by 19.1% to recorded 115,526 in October 2009 compared with 142,868 in October 2008. There was also a
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Cyprus moved deep into recession in the third quarter according to the latest “flash” estimates of gross domestic product (GDP) produced by the Statistical Service. GDP is estimated to have declined by 1.4% compared with the previous quarter—it’s steepest decline since quarterly GDP started to be recorded. Moreover, GDP in the second quarter was also
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European shares advanced for a third day on Friday, as news that British Airways and Iberia are set to merge offset data showing German and French third-quarter GDP growth came in below expectations. By 0930 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,017.12 points after hitting a three-week
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The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over
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