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Summary Aims to ensure 50 bln stg capacity is carbon neutralBritain gearing up to host global climate talksFollows criticism of state-backed finance sectorLONDON, Sept 22 (Reuters) - Britain's export credit agency said it aims to achieve net zero carbon emissions across its investments by 2050 and increase its support for green exports. UK Export Finance's (UKEF) move follows a commitment in April to end support for fossil fuel projects overseas and ahead of Britain hosting global talks on climate change. read moreIt also follows criticism from campaigners that state-backed groups are not doing enough to overhaul their lending. UKEF has a capacity of 50 billion pounds to support exports through loans, insurance and guarantees, and said it would be carbon neutral on a net basis by mid-century, in line with the aims of the Paris Agreement on climate. Reporting by Simon Jessop; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons: UKEF, Louis Taylor, Simon Jessop, Alexander Smith Organizations: LONDON, Export, Reuters, Britain, Trade, Thomson Locations: Paris
India slammed the U.K.'s decision to exclude vaccinated Indian travelers from its new travel guidelines, calling it "discriminatory" and warning of reciprocal measures. The British government will next month allow fully vaccinated travelers from a list of countries to skip quarantine upon arrival — but Indians who are fully vaccinated will still need to be quarantined. The U.K. last week eased travel restrictions for fully vaccinated individuals from 17 countries and territories, including Japan and Singapore, saying they would not have to stay in quarantine for 10 days after arriving in England. The approved vaccines are: Oxford/AstraZeneca, Pfizer-BioNTech, Moderna or Janssen. It has been approved for emergency use by the World Health Organization.
Organizations: AstraZeneca, Pfizer, BioNTech, Moderna, Janssen, Oxford University and British, Swedish pharma, Serum Institute of India, World Health Organization Locations: India, British, Japan, Singapore, England, Oxford
Under its current proposal, DraftKings plans to offer 28 pounds per Entain share, representing a premium of 46.2% to the UK firm's Monday close. Entain said it had earlier rejected a proposal from DraftKings to buy the company for 25 pounds ($34.15) per share. Entain's shares closed up 18% as the companies confirmed the approach, which would give the U.S. firm access to the Ladbrokes Poker and bwin online betting brands. read moreDemand for online betting boomed during the pandemic as customers took to playing from home when casinos and betting shops were off-limits. Entain said DraftKings had until Oct. 19 to make a firm offer for the company.
Persons: Simon Dawson, Entain, DraftKings, William Hill, Subrat Patnaik, Nivedita Balu, Krystal Hu, Yadarisa Shabong, Chavi Mehta, Ramakrishnan, Sriraj Kalluvila, Steve Orlofsky, Anil D'Silva Organizations: REUTERS, Ladbrokes, U.S, MGM Resorts International, MGM, NFL, NBA, DraftKings, RBC Capital Markets, Caesars Entertainment, Caesars, Golden Nugget, Gaming, Thomson Locations: Ladbrokes, London, Britain, British, U.S, United States, Bengaluru, New York
The Citi/YouGov monthly inflation expectations survey showed that public inflation expectations for the next 12 months jumped to 4.1% in September from 3.1% in August, the biggest monthly increase since the survey began more than 15 years ago. Longer-term inflation expectations for the next five to 10 years rose to 3.8% in September from 3.5% in August. “Today’s data, especially the movement in long-term expectations, suggest growing risks inflation expectations could become de-anchored to the upside. Citi’s survey contrasts with a much smaller increase in inflation expectations in a poll for August which the BoE published last week. Inflation expectations tend to be pushed up by short-term rises in the current rate of inflation.
Persons: Simon Dawson, , , BoE Organizations: Oxford, REUTERS, Simon Dawson LONDON, Bank of England, Citi, Monetary, ” Citi, Financial Locations: London, Britain, British
DraftKings makes $20 billion offer for Entain - CNBC
  + stars: | 2021-09-21 | by ( )   time to read: +1 min
REUTERS/Simon DawsonSept 21 (Reuters) - Sports betting firm DraftKings (DKNG.O)has made a $20 billion cash-and-stock offer for Ladbrokes owner Entain Plc (ENT.L), CNBC reported on Tuesday, citing sources. The offer price is roughly 2,500 pence per share, according to CNBC's David Faber, largely in DraftKings stock along with a cash component. ( deal would give DraftKings, which allows users to enter daily and weekly fantasy sports-related contests, access to brands such as bwin, Coral, PartyPoker, and Sportingbet. DraftKings' proposal comes after MGM Resorts International in January ditched plans to buy Entain after the British company rebuffed an $11 billion takeover approach, but investors have speculated that the U.S. casino operator may return with a new bid. Reporting by Subrat Patnaik in Bengaluru; Editing by Ramakrishnan M.Our Standards: The Thomson Reuters Trust Principles.
Persons: Simon Dawson, CNBC's David Faber, DraftKings, Subrat Patnaik, Ramakrishnan M Organizations: REUTERS, Sports, Entain, CNBC, MGM Resorts International, U.S, Thomson Locations: Ladbrokes, London, Britain, British, Bengaluru
The logo of Brazilian airline Gol Linhas Aereas Inteligentes SA is seen inside an airplane at Augusto Severo International Airport in Natal, Brazil November 23, 2018. REUTERS/Paulo WhitakerSAO PAULO, Sept 21 (Reuters) - Shares in Brazilian airline Gol Linhas Aereas Inteligentes (GOLL4.SA)climbed on Tuesday after it announced an agreement with lessor Avolon to buy or lease 250 electric air taxis. A holding company owned by Gol's controlling shareholders, Grupo Comporte, will finance the transaction, Gol added, without giving a figure. Gol also said that the move is part of its commercial strategy to invest in the regional air transportation market. The Brazilian airline intends to open up new routes to what it has called "underserved domestic markets."
Persons: Paulo Whitaker, Gol's, Gol, Tatiana Bautzer, Gabriel Araujo, Louise Heavens, Steve Orlofsky Organizations: Gol, Aereas Inteligentes SA, Augusto Severo International Airport, REUTERS, Paulo, Paulo Whitaker SAO PAULO, UK's, Aerospace, Gol's, Grupo Comporte, American Airlines, Thomson Locations: Natal, Brazil, Sao Paulo, Gol, British
REUTERS/Jeenah MoonCHICAGO/LONDON, Sept 21 (Reuters) - America's reopening to international air travelers can't come soon enough for U.S. and European airlines which have sorely missed the lucrative transatlantic market. "The transatlantic market is a key profit generator for the main European legacy airline groups," said Bernstein analyst Daniel Roeska. LEAN WINTERThe lifting of restrictions coincides with the onset of winter season, historically a lean period for international travel, when many airlines tend to make a loss. In the United States, though, airlines fear the travel recovery could by blunted by the Delta variant of the coronavirus. In early September, U.S. airline passenger volumes for international travel were just 44% of the pre-pandemic levels, according to data from trade body Airlines for America.
Persons: Biden, IAG, Bernstein, Daniel Roeska, Colin Scarola, Savanthi, Raymond James, David Shepardson, David Gregorio, Chris Sanders, Pravin Organizations: JetBlue, JFK International Airport, REUTERS, British Airways, Lufthansa, Air France, KLM, U.S, American Airlines, United Airlines, Delta Air Lines, Transatlantic, White House, Air, Virgin Atlantic, CFRA Research, Airlines for America, Thomson Locations: London, Queens, New York City , New York, U.S, CHICAGO, LONDON, United States, Air France, New York, Orlando, Las Vegas, Miami, Europe, Washington
Former Fiat Chrysler chief Manley to head AutoNation
  + stars: | 2021-09-21 | by ( Reuters Staff | )   time to read: +2 min
1 U.S. auto retailer AutoNation Inc on Tuesday named former Fiat Chrysler (FCA) top boss Michael Manley as its new chief executive officer, replacing long-serving CEO Mike Jackson. FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca CookBritish-born Manley took over as CEO of FCA in July 2018 Mike Manley after long-time chief Sergio Marchionne, a charismatic and iconic figure credited with saving Fiat, fell ill and died suddenly after succumbing to complications from surgery. Manley, who also oversaw the successful overhaul of FCA’s high-margin Jeep and RAM brands, currently serves as Head of Americas for Stellantis. Separately, Stellantis said its chief operating officers of North America and Latin America will now report directly to the CEO.
Persons: Michael Manley, Mike Jackson, Mike Manley, Rebecca Cook British, Manley, Sergio Marchionne, “ It’s, Mike, , Carlos Tavares, Stellantis, Jackson Organizations: Reuters, AutoNation Inc, Fiat Chrysler, Fiat Chrysler Automobiles, North American, REUTERS, FCA, Fiat, PSA, Stellantis Foundation, Stellantis Locations: Detroit , Michigan, U.S, Ft . Lauderdale , Florida, North America, America
Detective Inspector Will O'Reilly (L) and John Azah of the Independent Advisory Group place a wreath in the River Thames at the place where the torso of a boy, who police have called 'Adam', was found a year ago, September 21, 2002. A minutes silence was observed at a memorial service held in City Hall before the wreath laying. "It is incredibly sad and frustrating that Adam's murder remains unsolved," said Kate Kieran, a homicide detective at the Metropolitan Police. "We implore them to be bold and come forward if they know something so that we can finally deliver justice," said Kieran. The case has been the subject of numerous high-profile appeals over the years, including by Nelson Mandela who asked all African communities to help the police.
Persons: Will O'Reilly, John Azah, Adam, Peter Macdiarmid, Kate Kieran, Kieran, Nelson Mandela, Estelle Shirbon, Peter Graff Organizations: Independent, Police, Metropolitan Police, British, Thomson Locations: City Hall, London, Bridge, Nigeria, Britain, Germany, South Africa, Holland
FILE PHOTO: A worker in a protective suit sweeps the floor inside the Envision battery manufacturing plant at Nissan's Sunderland factory, Britain, July 1, 2021. REUTERS/Phil NobleLONDON (Reuters) - A record share of British manufacturers reported rising new orders this month but global supply chain problems and labour shortages held back growth in output, a survey showed on Tuesday. Still, the picture was weaker for export orders - which grew at their fastest since March 2019 - and the survey’s gauge of output growth fell to its lowest level since April. “Today’s survey highlights how amidst a variety of supply challenges, companies are beginning to struggle to meet high demand,” CBI deputy chief economist Anna Leach said. The record prices have strained the British energy sector, destroying the business model of smaller energy traders and sending shockwaves through the chemical and fertiliser markets, leading to a shortage of carbon dioxide used in food processing.
Persons: Phil Noble LONDON, , Anna Leach, Leach Organizations: Nissan's Sunderland, REUTERS, British, CBI Locations: Nissan's, Britain, Europe, Asia, Russia
Britain has said it aims to raise around 15 billion pounds in total from two green gilt launches this year - Tuesday’s sale of a gilt maturing in July 2033 and a further new issue of a 20- to 30-year maturity green gilt next month. This issuance will be only a small fraction of the total 253 billion pounds of gilt sales planned for this financial year. Bookrunners on Tuesday's sale said they received more than 90 billion pounds of orders within 45 minutes of order books opening. The previous record here for a British government bond syndication was in May 2020 when there were 82.6 billion pounds of orders for 12 billion pounds of a conventional 10-year gilt. The Bank of England has also said it will buy the green bonds as part of its asset purchase programme and treat them as equivalent to similar conventional ones.
Persons: Bookrunners, David Milliken, Andy Bruce, Giles Elgood Organizations: United, Bank of England Locations: United Nations, Glasgow, Britain, British, Germany
METALS-Copper rebounds as Evergrande worries fade
  + stars: | 2021-09-21 | by ( Eric Onstad | )   time to read: +2 min
Industrial metals followed other risky assets such as shares and oil in stabilising after a sell-off on Monday as confidence grew that any contagion from the distress of Evergrande would be limited. * Canadian miner Teck Resources Ltd cut its forecast for annual refined zinc production due to wildfires in British Columbia. * The global world refined copper market showed a deficit of 90,000 tonnes in June, compared with a surplus of 4,000 tonnes in the prior month, data showed. * Europe’s largest copper producer Aurubis AG said its Stolberg copper products plant in Germany would start resuming some production on Nov. 1. * For the top stories in metals and other news, click or (Additional reporting by Mai Nguyen in Hanoi, Editing by Louise Heavens)
Persons: “ There’s, we’ve, , Ole Hansen, , Hansen, Aurubis AG, Mai Nguyen, Louise Heavens Organizations: LONDON, London Metal Exchange, Saxo Bank, Teck Resources Ltd, Aurubis Locations: Copenhagen, United States, Teck, British Columbia, Germany, Hanoi
The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. REUTERS/Arnd Wiegmann/File PhotoAMSTERDAM, Sept 21 (Reuters) - Universal Music Group's (UMG.AS) shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. read moreHere are facts about Universal and its flotation:FROM THE BEATLES TO BILLIE EILISHBy revenue, Universal Music Group or UMG is the largest of the "big three" record labels. Major competitors include Sony Music, part of Sony (6758.T), and Warner Music Group (WMG.O). REVENUES AND COVID-19 IMPACTUniversal reported earnings before interest, taxes, depreciation and amortization (EBITDA) of 1.49 billion euros on sales of 7.43 billion euros in 2020.
Persons: Arnd, Billie Eilish, Bob Dylan, EMI's, Pink Floyd, Vincent Bollore, China's Tencent, William Ackman's, Tencent, Universal, Toby Sterling, Sarah White, Keith Weir, Mark Potter Organizations: Universal Music, REUTERS, Universal, Sony Music, Sony, Warner Music Group, Decca Records, Spotify, YouTube, Vivendi, HK, William Ackman's Pershing Square Holdings, Thomson Locations: Zurich, Switzerland, British, U.S, South Korea, Brazil, India, Russia, Amsterdam, Europe's
(Reuters) -European shares rose on Tuesday after their biggest fall in two months on easing worries about the spillover from the crisis at China’s Evergrande, while music label Universal Music Group soared 35% in its stock market debut. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 20, 2021. REUTERS/StaffThe pan-European STOXX 600 was up 1.0% after sinking to a two-month low in the previous session. Travel & leisure, media , mining and energy stocks led gains, while Germany’s DAX rebounded from its lowest level since late July. “European markets have been much more adept at holding on to their gains today than their U.S. counterparts,” said Chris Beauchamp, chief market analyst at IG.
Persons: Evergrande, Germany’s DAX, , Chris Beauchamp, IAG, DraftKings, Lady Gaga, Taylor Swift, IG’s Beauchamp Organizations: Reuters, Universal Music, REUTERS, Staff, IG, Travel, British Airways, cruiseliner Carnival Corp, InterContinental Hotels Group, Entain, Britain’s, Stagecoach Group, National Express, Universal Music Group, Vivendi, Global, Evergrande, U.S . Federal Locations: Frankfurt, Germany, U.S
Parked busses are seen at a Stagecoach depot in South Shields as the spread of the coronavirus disease (COVID-19) continues, South Shields, Britain, April 3, 2020. REUTERS/Lee SmithLONDON (Reuters) -British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, which would result in cost savings and provide new growth opportunities for the companies. Under the terms of the potential takeover, Stagecoach shareholders would receive 0.36 new National Express shares for each Stagecoach share, giving them a 25% stake in the merged group. That would value Stagecoach at about 445 million pounds ($609 million), representing an 18% premium on the closing price of its shares on Monday. Should a deal go ahead, Stagecoach’s chairman Ray O’Toole, a former chief operating officer at National Express, would become chair of the combined group, while National Express chief executive Ignacio Garat would continue as CEO of the merged entity.
Persons: Lee Smith, Ray O’Toole, Ignacio Garat Organizations: Stagecoach, REUTERS, Lee Smith LONDON, National, Stagecoach Group, National Express Locations: South Shields, Britain, British, Spain, United States, German
LONDON (Reuters) -British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, offering scope for cost savings and underpinning their recovery from COVID-19. National Express has bus and coach operations in Spain and Britain, runs school buses in the United States, and has a German rail contract. Under the terms of the potential takeover, Stagecoach shareholders would receive 0.36 new National Express shares for each Stagecoach share, giving them a 25% stake in the merged group. National Express rose 7% to 239 pence per share, giving it a market value of 1.48 billion pounds. Stagecoach runs the megabus service, which like National Express, operates coach services between British cities.
Persons: Lee Smith, Brian Souter, Ann Gloag, Souter, Ray O’Toole, Ignacio Garat Organizations: National, Stagecoach Group, Stagecoach, REUTERS, National Express, Express, Citi, UK Public Transport, ” Citi Locations: British, COVID, South Shields, Britain, Spain, United States, German, Perth
UK public borrowing overshoots forecasts in August
  + stars: | 2021-09-21 | by ( Reuters Staff | )   time to read: 1 min
LONDON, Sept 21 (Reuters) - British public sector net borrowing, excluding state-controlled banks, totalled 20.5 billion pounds ($28.02 billion) in August, the Office for National Statistics said on Tuesday. Economists polled by Reuters had on average forecast borrowing of 15.6 billion pounds for August. ($1 = 0.7317 pounds) (Reporting by David Milliken and Andy Bruce)
Persons: David Milliken, Andy Bruce Organizations: National Statistics, Reuters Locations: British
Chase's digital banking app is seen in this undated handout photo obtained by Reuters on September 20, 2021. The venture, if successful, could see the U.S. bank expand into continental Europe and then globally, he said. "With a strong technology platform, significant financial resources and a global brand name, JPMorgan could be a serious player in the UK retail banking space," Nic Ziegelasch, Analyst at broker Killik & Co said. JPMorgan is following U.S. rival Goldman Sachs (GS.N), which scooped up billions of pounds in deposits when it launched its Marcus digital bank in Britain in 2018 with a then-market-beating interest rate of 1.5% on savings. The bank has already hired some 500 staff in Britain, Viswanathan said, and will add more as it builds up its customer support teams.
Persons: Chase, , Sanoke Viswanathan, Nic Ziegelasch, ” Viswanathan, Goldman Sachs, Viswanathan, Lawrence White, Bernadette Baum Organizations: Reuters, JPMorgan, Lloyds, Barclays, NatWest, HSBC, Chase, Killik, Marcus, Thomson Locations: North America, United States, U.S, Europe, Britain
U.S. President Joe Biden walks to the podium before his remarks on a National Security Initiative virtually with Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson, inside the East Room at the White House in Washington, U.S., September 15, 2021. REUTERS/Tom BrennerNEW YORK/LONDON, Sept 21 (Reuters) - British prime minister Boris Johnson once worried that his friendliness with Donald Trump would leave him out in the cold when Democrat Joe Biden took over the White House. A submarine deal the United States and Britain recently announced with Australia came at France's expense, sparking France to withdraw its ambassadors to the United States and Australia and cancel a defense meeting with Britain. "The reality is that Joe has a lot of fish to fry," Johnson told reporters traveling with him to the United States on Monday. Reporting by Trevor Hunnicutt and Elizabeth Piper; Editing by Heather Timmons, Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Scott Morrison, Boris Johnson, Tom Brenner, Donald Trump, Democrat Joe Biden, Tony Blair, George W, Peter Ricketts, Biden, Barack Obama, Johnson, Joe, Trevor Hunnicutt, Elizabeth Piper, Heather Timmons, Robert Birsel Organizations: National Security, Australian, British, White, REUTERS, Democrat, Atlantic, European Union, France, Britain, Australia, Union, Thomson Locations: Washington , U.S, Washington, Britain, United States, France, Australia, Iraq, America, Afghanistan, China, British, U.S
Hong Kong Chief Executive Carrie Lam attends a news conference following the annual policy address in Hong Kong, China November 25, 2020. read moreThe changes dramatically reduced the tycoons' influence in the 1,500-strong committee that selects Hong Kong's China-backed chief executive, although groups close to their business interests retain a presence. But "adopting those China housing policies in Hong Kong is unlikely," Cheng said. Lam said the main factor behind the housing shortage was land supply and that the government could use existing legislation to take back land for public housing. "I feel today (the developers) are very willing to cooperate with the Hong Kong government's policies," Lam said.
Persons: Carrie Lam, Lam, Lam's, Hong, Sun, Kai, SHKP, SKHP, Raymond Cheng, Cheng, Marius Zaharia, Gerry Doyle Organizations: REUTERS, Reuters, British, CK, HK, Henderson Land Development, Hong, CGS, CIMB Securities, Citi, Thomson Locations: Hong Kong, China, HONG KONG, Beijing, Hong
A Vancouver paramedic said her team struggled to get a patient with an arterial bleed into the hospital. British Columbia Ambulance Service reported delays during the protests. On September 13, British Columbia's provincial health officer ordered proof of COVID-19 vaccination to access businesses and events. A Vancouver paramedic with more than three decades of experience — whose identity CBC kept confidential — said her team picked up a patient who was suffering from an arterial bleed from an industrial accident. British Columbia Ambulance Service told CBC that there were several reports of delays as paramedics navigated the congestion.
Persons: , Bonnie Henry Organizations: Columbia Ambulance Service, Service, Paul's, Canadian Broadcasting Company, CBC, COVID Locations: Vancouver, British, Columbia, St, Vancouver's
UK's Johnson discussed taxation with Amazon's Bezos
  + stars: | 2021-09-21 | by ( )   time to read: +1 min
British Prime Minister Boris Johnson walks outside United Nations headquarters during the 76th Session of the U.N. General Assembly, in New York, U.S., September 20, 2021. REUTERS/David 'Dee' Delgado/FilesLONDON, Sept 21 (Reuters) - British Prime Minister Boris Johnson discussed the issue of taxation when he met Amazon's (AMZN.O) founder Jeff Bezos in New York, Downing Street said. "The prime minister raised the issue of taxation, and hoped progress could be [made] in implementing the G7 agreement on tax," a Downing Street spokesperson said in a readout of the meeting. “The prime minister welcomed the Bezos Earth Fund’s commitment, announced tonight, to give $1 billion to protect forests and remove carbon from the air," Downing Street said. "The prime minister and Mr Bezos agreed to work together to see what more could be done in the run up to and at COP26."
Persons: Boris Johnson, David, Dee, Delgado, Amazon's, Jeff Bezos, Downing, Bezos, Mr Bezos, Guy Faulconbridge, Kate Holton Organizations: British, United Nations, General Assembly, REUTERS, Downing, Fund, Amazon, Thomson Locations: New York, U.S, COP26
Canada's Liberal Prime Minister Justin Trudeau, accompanied by his wife Sophie Gregoire and their children Ella-Grace and Xavier, waves to supporters during the Liberal election night party in Montreal, Quebec, Canada, September 21, 2021. Born on Christmas Day 1971 to a sitting Canadian prime minister, Pierre Trudeau, he worked as a teacher and snowboard instructor before winning a seat in parliament in 2008. Obama endorsed Trudeau last week, as he did in the 2019 election. Relations between Trudeau and current President Joe Biden are more harmonious, despite Biden ignoring Canada's objections and revoking a permit for the Keystone XL oil pipeline on his first day in office. Reporting by Nia Williams; Editing by Steve Scherer, Peter Cooney and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Justin Trudeau, Sophie Gregoire, Ella, Grace, Xavier, Carlos Osorio, Trudeau, They're, Gerald Baier, Pierre Trudeau, Erin O'Toole, Melanee Thomas, Barack Obama's, Obama, Donald Trump, Trump, Joe Biden, Biden, Nia Williams, Steve Scherer, Peter Cooney, Edmund Klamann Organizations: Canada's Liberal, Liberal, REUTERS, Carlos Osorio CALGARY, Canadian, New, University of British, Liberal Party, University of Calgary, U.S, Relations, Keystone XL, Thomson Locations: Montreal, Quebec, Canada, Carlos Osorio CALGARY , Alberta, University of British Columbia
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey//File PhotoLONDON, Sept 21 (Reuters) - Planemaker Boeing (BA.N) said that European low-cost carriers would help drive demand for new aircraft in the region over the next 20 years, as airlines replace their ageing fleets with more fuel-efficient jets. In fact, Europe's demand for planes will be even more strongly driven by low-cost carriers than elsewhere in the world, said Boeing vice president, commercial marketing Darren Hulst. In the widebody or long-haul sector, Boeing is expecting demand for 1,545 new jets in Europe over the 20-year period. Of the 7,100 new single aisle jets, where Boeing's 737 jets compete against Airbus's A320 and A321s, Hulst is expecting demand for close to 3,000 to come in the next ten years.
Persons: Karen Ducey, Darren Hulst, IAG, Boeing's Hulst, Sarah Young, Aurora Ellis Organizations: Boeing, Boeing Field, REUTERS, Ryanair, Airbus's, British Airways, Air France, KLM, U.S, Thomson Locations: Seattle , Washington , U.S, Europe, Hulst
Biden will make his first appearance at the United Nations since taking office as president in January. We believe in the United Nations and its value," he said Monday evening before a meeting with U.N. Secretary-General Antonio Guterres. Biden's message will be "ending the war in Afghanistan closed a chapter focused on war and opens a chapter focused on ... purposeful, effective, intensive American diplomacy," a senior White House official said. Biden will also up the U.S. commitments on climate change and COVID-19 vaccine donations, the official said, without providing specifics. Biden is to convene a virtual COVID-19 summit from the White House on Wednesday on the margins of the United Nations meeting.
Persons: Joe Biden, Antonio Guterres, Kevin Lamarque, Biden, Donald Trump, Jen Psaki, Scott Morrison, Boris Johnson, Morrison, Johnson, Emmanuel Macron, White, Steve Holland, Heather Timmons, Leslie Adler Organizations: United Nations, General Assembly, REUTERS, United, Republican, White House, NATO, Australian, British, Australia, White, Monday, Thomson Locations: New York City, U.S, Afghanistan, United Nations, China, Australia, France, United States, pullout, New York, Washington, India, Japan
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