Africa trade pact secures $1 billion to offset revenue losses
The African Export-Import Bank has mobilized $1 billion for an adjustment facility to offset revenue losses for countries that lower cross-border tariffs as part of…
United sinks as airline keeps mum on travel rebound’s timing
United Airlines Holdings Inc. sank after failing to forecast when a demand rebound would improve results, about a week after Delta Air Lines Inc. said…
Buttigieg pledges to make transportation systems Covid-safe
President Joe Biden’s pick to run the U.S. Transportation Department says he will focus on preventing the spread of Covid-19 on the nation’s transportation systems…
Johnson triggers row with EU over envoy’s lower status in London
Boris Johnson’s decision not to grant full diplomatic status to the European Union’s ambassador in London triggered a row that threatens to undermine relations with…
Oil tanker owners pay to move crude in wake of supply cuts
Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the…
For Trudeau, life after Trump is off to a rocky start
President Joe Biden’s cancellation of the Keystone XL project has put Justin Trudeau in a no-win situation. He has no good options to retaliate. But…
Merkel tells Biden she’s open to talks on Russia energy ties
Angela Merkel said she’s willing to discuss energy ties with Moscow with the incoming U.S. administration, but the German chancellor reiterated her support for a…
Eurostar ridership slumps 95%, forcing UK and France to the rescue
France and the U.K. are negotiating an aid package for Eurostar International Ltd. after the coronavirus crisis wiped out 95% of the Channel Tunnel train…
Norwegian Air wins state backing for slimmer survival plan
Norwegian Air Shuttle ASA won state backing for its slimmed-down restructuring plan, boosting the bankrupt carrier’s bid to attract new investors and exit insolvency proceedings.
Boeing jet’s throttle becomes focus in Indonesia crash probe
Indonesian investigators probing the Jan. 9 crash of a Sriwijaya Air flight are looking at the possibility that a malfunctioning automatic throttle could have led…
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