DIRS.INFO The most relevant business & tech news

☆ AstraZeneca shares fall 5% on disappointing lung cancer drug trial results
▼ + stars: | 2024-09-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

An illustrative image of a person holding a medical syringe and a Covid-19 vaccine vial in front of the the AstraZeneca logo displayed on a screen. On Wednesday, January 12, 2021, in Edmonton, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images)AstraZeneca shares fell more than 5% Tuesday morning, the biggest one-day drop in seven months, after the British pharmaceutical giant announced disappointing lung cancer drug trial results. The Covid-19 vaccine maker was trading at the bottom of the FTSE 100 and dragged the wider healthcare sector lower after data published Monday showed that its experimental drug did not significantly improve overall survival results for patients. The late-stage trial results from the TROPION-Lung01 Phase III trial showed that the overall survival rate from the new drug "did not reach statistical significance," the company said.

Persons: Artur Widak Organizations: AstraZeneca, Getty Images Locations: Edmonton , Alberta, Canada, London

☆ Apple loses EU court battle over 13 billion euro tax bill in Ireland
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. In 2014, the European Commission, the European Union's executive arm, opened an investigation into Apple's tax payments in Ireland, the tech giant's headquarters in the EU. Apple and Ireland appealed the Commission's decision in 2019, and in 2020 the EU General Court sided with the U.S. tech giant. The EU's second-highest court anulled the Commission's 2016 decision and said that the executive arm did not prove that the Irish government had given Apple a tax advantage.

Organizations: Apple, European Court, Apple Watch, CNBC, European, Reuters, European Commission, EU, The, Ireland, U.S Locations: Ireland, U.S, London, Dublin

☆ I was born and raised in London. Here are the 9 biggest mistakes I see tourists make.
▼ + stars: | 2024-09-06 | by ( Conor Clark | ) www.businessinsider.com time to read: +1 min

People pay to see panoramic skyline views without realizing they can find them for free. The Sky Garden, the capital's highest public garden, has two bars and two restaurants. But visitors can get a similarly fantastic view at the Sky Garden, which is right across the River Thames from The Shard. London's highest public garden offers some of the best views of the city's skyline and comes complete with an indoor garden, restaurants, and bars. Local tip: Tickets for Sky Garden are available three weeks in advance, and they're released on a weekly basis every Monday morning (excluding bank holidays).

Persons: they're Organizations: Sky Locations: London

☆ She got back in touch with a vacation fling from over 15 years ago. What happened next was unexpected
▼ + stars: | 2024-08-23 | by ( Francesca Street | ) edition.cnn.com time to read: +11 min

Alex and Ola met in a crowded bar and stayed up all night together on the island. Alex didn’t even know Ola was married – he didn’t post much, and he wasn’t on her radar anymore. To their mutual surprise, the connection Alex and Ola felt that night on the beach in Ko Phi Phi returned right away. In the fall, Alex met Ola’s children, who she immediately loved. Alexandra NelkeA year after she moved to Sweden, Alex and Ola bought a house together in Malmö, Sweden.

Persons: Alex Nelke, Ola Forsmark, he’s, ” Alex, you’re, Alex, ” Ola, Ola, kickstarted, ”, didn’t, Alex reconnecting, “, Alexandra Nelke, Alex didn’t, –, She’d, ’, Berlin Ola, Alexandra Nelke Alex, ‘ Life’s, Ola’s, Wolfgang —, “ I’ve, I’ve, she’s, they’ve Organizations: CNN, CNN Travel, Ko Phi Phi, Phi Phi, Facebook Locations: Thailand, Ola, Ko, Germany, London, Swedish, Asia, Bali, America, Sweden, Berlin, “, Malmö

☆ Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says
▼ + stars: | 2024-08-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is "not such a bad thing," analyst Jon Cox said Friday. "I think confidence has been severely hit in the case and particularly in Schneider," he told "Squawk Box Europe." "I presume most people will think it's not such a bad thing at this point for Schneider to go," he said. Freixe, who joined Nestle in 1986 and served most recently as executive vice president and CEO of the Latin America unit, will take over from Sept. 1. The company has struggled to retain market share as consumers have shifted away from labelled products amid inflationary pressures.

Persons: Mark Schneider, Laurent Freixe, Jon Cox, Cox, Kepler Cheuvreux, Schneider, Freixe, Laurent, Nestlé, Paul Bulcke Organizations: Nestle, Kepler, CNBC, America Locations: Schneider, London, Swiss

☆ What are the best galleries in New York? Artists choose their favorites
▼ + stars: | 2024-08-12 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

CNBC asked artists to name their top New York galleries, ranging from the well-known to the underground. London-based screen-printing artist Diego Arellano likes Manhattan's Chelsea galleries for their large rooms and high ceilings. Hauser & Wirth has two Chelsea galleries, and both are currently showing work by Hungarian-born U.S. artist Rita Ackermann. The Dia Chelsea gallery in New York City will show an exhibition by British filmmaker Steve McQueen in September. Dia Chelsea | Elizabeth FelicellaBrooklyn resident and artist Zhuo Xiong also favors Chelsea galleries.

Persons: Sean Zanni, Patrick Mcmullan, Diego Arellano, Dia, Arellano, Dia Chelsea, Steve McQueen, Wirth, Rita Ackermann, The Dia, Elizabeth Felicella, Zhuo Xiong, Chelsea —, David Zwirner, Xiong, Wendy Olsoff, Penny Pilkington, Edward Akrout, Akrout, Sasha Maslov, Solomon, Eugene Gologursky, Kate Lewis, Matisse, Hopper, Degas, Henri Matisse, Edgar Degas, Edward Hopper, Lewis, Whitney, Metropolitan Museum of Art Xiong, —, gallerists Akrout, Rob Kim Organizations: Whitney Museum of American Art, Getty, Metropolitan Museum of Art, of Modern Art, Art Newspaper, CNBC, Chelsea, Hauser & Wirth, Hauser, The, Tribeca, New, Arellano, Whitney, MoMA, Guggenheim, Whitney Museum of American, Guggenheim Museum, Solidarity, Museum of Modern Art, Maison, Broadway, Swiss Institute Locations: New York City, York, New York, London, Hungarian, The Dia Chelsea, British, Elizabeth Felicella Brooklyn, Chelsea, Tribeca, Ukraine, Mriya, Meatpacking, Manhattan, Midtown, Inner Mongolia, Chinatown, East, Chinatown , New York

☆ Barcelona is banning Airbnbs. Other European cities have cracked down already — with some success.
▼ + stars: | 2024-08-11 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Many experts say short-term rentals, including Airbnbs, are part of the problem, restricting local housing supply and driving up prices. We took a look at three European hubs — Lisbon, Florence, and Amsterdam — that have imposed relatively strict regulations on short-term rentals. Cities have been worried about the impact of short-term rentals on housing costs for years. Instead of a blanket ban, Amsterdam caps the number of nights hosts can rent out their homes at 30 a year. In an increasingly tight housing market, the dominance of short-term rentals acts as an "amplifier," he said.

Persons: —, Airbnb, Lisbon's, João Pereira dos Santos, Pereira dos Santos, Gregory W, Fuller, Florence, Florence's, Dario Nardella, Antonello Romano, Romano Organizations: Service, Business, New York, School of Economics, Finance, Queen Mary University of London, University of Groningen, Wall Street, University of Pisa Locations: Barcelona, Barcelona's, Spanish, New York, Tokyo, Vancouver, London, Paris, — Lisbon, Florence, Amsterdam, Lisbon, New York City, EU, Portugal, Netherlands, Venice

☆ BBC asks ex-presenter Huw Edwards to pay back $250,000 after he pleads guilty to having images of child sexual abuse
▼ + stars: | 2024-08-09 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

Edwards pleaded guilty to an appalling crime,” the publicly funded broadcaster said in a statement Friday. “Had he been upfront when asked by the BBC about his arrest, we would never have continued to pay him public money. On Wednesday last week, Edwards pleaded guilty to having 41 “indecent images of children,” all under the age of 18, on the messaging app WhatsApp, according to PA Media. London’s Westminster Magistrates’ Court, where Edwards pleaded guilty, heard that the presenter had been in contact with an adult man on WhatsApp who sent him 377 sexual images, 41 of which were indecent images of children. The court also heard that Edwards had told a man on WhatsApp not to send him images of minors.

Persons: Huw Edwards, ”, “ Mr, Edwards, “, ” Edwards, Queen Elizabeth II, —, WhatsApp, Philip Evans, Mr, Evans Organizations: London CNN, BBC, CNN, PA Media, ’, Prosecution Service Locations: London’s Westminster, ’ Court, UK’s

☆ Siemens earnings beat estimates on strong demand for electrification, software
▼ + stars: | 2024-08-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Comparable orders meanwhile declined 15% from the same quarter a year ago, hitting 19.8 billion, Siemens said. Siemens CEO Roland Busch told CNBC on Thursday that the company's performance during the quarter was "very, very strong." The company attributed its growth in the third quarter to strong demand in its electrification and industrial software businesses, but noted the automation business remained "challenging." There was an "exceptionally high order growth in the software business driven by a number of large contract wins for licensed software," the company said, with profitability growth more than offsetting a profit decline in automation.

Persons: Karl, Josef Hildenbrand, Roland Busch Organizations: Siemens, Getty Images, CNBC, Smart Infrastructure Locations: Bavaria, Munich, London

☆ Novo Nordisk shares dip as Wegovy maker posts earnings miss, cuts operating profit outlook
▼ + stars: | 2024-08-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. EBIT — earnings before interest and tax — came in at 25.93 billion Danish kroner in the second quarter, which was also below the LSEG forecast of 26.86 billion Danish kroner. Novo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter and trimmed its operating profit outlook. Novo Nordisk CEO Lars Fruergaard Jørgensen on Wednesday said that the company was expecting "attractive growth" in the coming months. The drug was approved in China in the second quarter, opening it for sale in the world's second largest economy.

Persons: Jakub Porzycki, —, Wegovy, Lars Fruergaard Jørgensen, CNBC's, Roche, Jørgensen Organizations: Novo Nordisk Wegovy, Novo Nordisk, Getty, Nordisk Locations: Krakow, Poland, London, China

☆ Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
▼ + stars: | 2024-08-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Carry trades refer to operations wherein an investor borrows in a currency with low interest rates, such as the Japanese yen, and reinvests the proceeds in higher-yielding assets elsewhere. "You can't unwind the biggest carry trade the world has ever seen without breaking a few heads. A change in Japanese monetary policy prompted one strategist to warn of the "implosion" of the yen carry trade over a short-term basis. watch nowEd Rogers of Rogers Investment Advisors said the yen carry trade isn't dead yet, despite the deepening stock market sell-off. "Certainly there is going to be some momentary panic, I think, about the yen carry trade.

Persons: Richard A, Brooks, Kit Juckes, Juckes, Russell Napier, Ed Rogers, Rogers, CNBC's Organizations: Tokyo Stock Exchange, Afp, Getty, Swiss, Societe Generale, U.S, Bank of Japan, Rogers Investment Advisors Locations: Tokyo, London

Hong Kong/London CNN —Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a tentative recovery on global markets. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “It is too early to conclude that the Japanese stock market has hit a bottom,” they said, adding that any recovery would likely only occur after Japanese companies report first-half earnings in October, or even after the US presidential election in November. A stronger yenJapan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers.

Persons: clawing, Kospi, ” Neil Newman, ”, “, Stephen Innes, ” Newman, Newman, Fumio Kishida Organizations: London CNN, Nikkei, Nasdaq, Advisory, CNN, UBS Chief Investment, Moody’s, Bank of Japan, Management, Tokyo “, Traders, Reuters Locations: Hong Kong, London, Asia, South, Taiwan, Europe, Japan, Tokyo, South Korea

☆ Brent tops $80 per barrel as oil analyst flags ‘phase of deterioration’ in the Middle East
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran's claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September expiry were trading at $80.32 per barrel at 09:45 a.m. London time, up by 2.15% from the Tuesday close price. Oil gained ground amid exacerbated hostilities in the oil-rich Middle East region, where Israel has been fighting Iran-backed Palestinian militant group Hamas since the latter's terror attack in October. The Jewish state's decision to carry out a retaliatory campaign in the Gaza Strip has since broadened the conflict, with Israel trading fire with other Iran-supported factions, such as Lebanon's Hezbollah and Yemen's Houthi. "But now we're moving into a phase of deterioration into the Middle East that we believe is going to capture oil traders' attention and get them to return some material risk premium into the price of Brent.

Persons: Brent, Ismail Haniyeh, Ice Brent, Yemen's, Israel, Ayatollah Ali Khamenei, Clay Seigle, Emily Tan Organizations: Ice, Hamas, Revolutionary Guard, Republic News Agency, CNBC, Israeli Ministry of Foreign Affairs, Minister's Office, Rapidan Energy Group Locations: London, Israel, Iran, Gaza, Tehran, Iran's, Ukraine, Brent

☆ HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

"Each of these strengths contributed to a good revenue performance in the first half of 2024, supported by higher interest rates." Hong Kong-listed shares of HSBC were up 2.84% at 07:56 a.m. London time in the wake of the earnings beat. The first-half figure nevertheless came in well above the $20.5 billion average of broker estimates compiled by HSBC, according to Reuters. "The strong performance of the business gives us the confidence to say that we'll be mid-teens return in 2025 as well," Quinn told CNBC. "This headwind will be partially offset by hedging and balance sheet growth, but this growth is unlikely to be remarkable.

Persons: Noel Quinn, HSBC's Quinn, —, Quinn, there's, Jefferies, Benjamin Toms, Toms, CNBC's Ganesh Rao Organizations: HSBC, Securities Financing, Global Banking, London and New York Stock Exchanges, Reuters, Wednesday, CNBC, Capital Locations: Hong Kong, London, Britain

☆ European markets head for higher open ahead of euro zone inflation, Fed decision
▼ + stars: | 2024-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European markets looked set to maintain positive momentum on Wednesday, with euro zone inflation due and corporate earnings still in focus. On the data front, inflation figures for the euro zone will be published at 10 a.m. London time. It comes after second-quarter gross domestic product for the euro zone came in at 0.3% on Tuesday, slightly higher than expected. In the U.S., the Federal Reserve is expected to keep interest rates steady on Thursday. In Asia, all eyes are on the Bank of Japan as it raised its benchmark interest rate to 0.25% from its previous range of 0% to 0.1% and outlined a plan to taper its bond buying program.

Organizations: HSBC, Adidas, Kanye, Federal Reserve, Bank of Japan Locations: London, U.S, Asia

☆ Heineken shares fall 7% after first-half profit miss
▼ + stars: | 2024-07-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Heineken shares opened nearly 7% lower on Monday, after the brewing giant's first-half profit growth came in weaker than analysts had expected. In an update that had been keenly-awaited by analysts, Heineken revised its operating profit organic growth forecast for the year to a range between 4% to 8%. The major miss was in Europe, which saw just 0.2% profit growth versus an expectation of 15.1%, largely because of increased promotional spending in a competitive market, Barclays said. Heineken said it "consolidated leadership" in low and no-alcohol beer sales, with Heineken 0.0 — a no-alcohol beer — up 14%.

Persons: Heineken, Dolf van den Brink, CNBC's, Van den Brink Organizations: Heineken, Beer, CR, Barclays, CNBC Locations: San Anselmo , California, London, China, Europe, Brazil, Egypt, Vietnam

☆ Philips shares jump 10.5% as second-quarter sales grow despite China weakness
▼ + stars: | 2024-07-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Comparable group sales rose 2% to 4.5 billion euros ($4.88 billion), as demand in North America held strong, even as China sales dipped. Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. CEO Roy Jakobs told CNBC that he was encouraged by the "robust" second-quarter results, adding that he had "strong confidence" that the company would meet its full-year guidance of comparable sales growth of 3-5%. The company reported a number of cost savings over the period, including productivity savings of 195 million euros across operating model savings of 57 million euros, procurement savings of 71 million euros, and other programs' savings of 67 million euros. Jakobs said the settlement brings "finality" to the U.S. case, and will allow the company to return its focus to innovation.

Persons: Philips, Roy Jakobs, Jakobs Organizations: CNBC, Philips, Reuters, U.S Locations: North America, China, London

☆ Can Fees on Polluting Cars Clean the Air? London Has New Evidence.
▼ + stars: | 2024-07-26 | by ( Somini Sengupta | ) www.nytimes.com time to read: +1 min

When pollution meets politics, efforts to clean up the air in the world’s big cities can bring risks as well as wins. London and New York got a taste of it this week. London this week published data showing that the air is cleaner since its mayor, Sadiq Khan, made the politically contentious decision to expand fees on polluting cars and trucks driving into London. The air is measurably cleaner in outer London, where opposition to the expansion was robust. “The decision to expand the ULEZ was a difficult one, but the right one,” he said in a briefing with reporters, using the acronym for the low-emission zone.

Persons: Sadiq Khan, ” Organizations: London Locations: New York, London

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ World's largest luxury group LVMH slumps 5% after second-quarter revenue miss
▼ + stars: | 2024-07-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Shares in the world's largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. Quarterly sales came in at 20.98 billion euros ($22.7 billion) in the second quarter, compared to the 21.6 billion euros LSEG analysts were expecting. Sales in Asia, excluding Japan, fell 14% in the second quarter from the same period a year earlier, LVMH said. Across the first half of the year, sales in Asia excluding Japan dropped 10% compared to the first six months of 2023, while sales in Japan rose by 44%, LVMH said. By business groups, wine and sprits revenue fell 5% in the second quarter of 2024 from a year earlier, and the watches and jewellery division declined 4% over the same time.

Persons: LVMH Organizations: Louis Vuitton, Gucci, Quarterly Locations: Lisbon, Portugal, London, Asia, Japan

☆ Porsche shares fall 5% after automaker cuts 2024 outlook on aluminium alloy shortage
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook, saying various suppliers were affected by a shortage of special aluminium alloys. Holding company Porsche SE was last down over 3%. Porsche said that a series of its suppliers were impacted by a "significant supply shortage with regard to special aluminium alloys." The shortage is linked to flooding in a production facility of a key European aluminium supplier, Porsche explained. "Despite immediate countermeasures, it is becoming apparent that the impending supply shortage will lead to impairments in production," Porsche said.

Persons: Porsche Organizations: Volkswagen, Porsche, UBS Locations: Stuttgart, Swiss, Zrich, Switzerland, London

☆ Novo Nordisk's Wegovy weight loss drug wins UK approval for use as a heart treatment
▼ + stars: | 2024-07-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

LONDON — The U.K.'s health regulator on Tuesday approved the use of Novo Nordisk 's Wegovy weight loss drug to reduce the risk of overweight and obese adults suffering from serious heart problems or strokes. The new approval from the U.K.'s Medicines and Healthcare products Regulatory Agency (MHRA) makes the Danish pharmaceutical giant's GLP-1 obesity drug the first in the country to be prescribed for prevention of cardiovascular events in people with obesity. It follows similar label expansion by the U.S. Food and Drug Administration in March. Shares of Novo Nordisk were up after the announcement, trading 1.46% higher by 4:10 p.m. London time after pushing higher for much of the session. The MHRA's deputy director of innovative medicines, Shirley Hopper, said the decision marked an "important step forward" in combatting the effects of obesity.

Persons: Shirley Hopper Organizations: Novo Nordisk, Medicines, Healthcare, Agency, U.S . Food, Drug Administration Locations: London

☆ Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit. It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said Monday. However, Ryanair Group CEO Michael O'Leary said in a statement that fares were expected to be lower than expected over the next three months. Other European airlines followed Ryanair lower on Monday, with fellow low-cost airline EasyJet shedding over 6%, while Jet2 fell 4% and Hungarian airline Wizz Air slid over 6%.

Persons: — Ryanair's, Michael O'Leary, O'Leary, Jet2 Organizations: Ryanair, Wizz Air Locations: London

☆ What to know if you’re traveling this weekend amid the global tech outage
▼ + stars: | 2024-07-19 | by ( Cnn Staff | ) edition.cnn.com time to read: +10 min

Here’s what to know if you’re planning to travel this weekend. David J. Phillip/APUS-based carriers American Airlines, United Airlines, Delta Air Lines, Allegiant Airlines, SunCountry and Frontier Airlines all reported issues on Friday. Crews have limits on their working hours, so staffing challenges cascade along with flight delays. That all depends on the type of ticket you have, the airline you’re flying with and whether you have travel insurance (which is always a good idea). If you’re set to travel soon, wherever you are in the world, it’s worth double checking your individual journey status before you travel.

Persons: What’s, It’s, CrowdStrike, David J, Phillip, Cirium, it’s, William Sikora III, you’re, ” Lousson Smith, Aaron Chown, Trenitalia Organizations: CNN, Microsoft, United Airlines, American Airlines, Delta Air Lines, Allegiant Airlines, Frontier Airlines, Federal Aviation Administration, FAA, Ryanair, Air, Turkish Airlines, KLM Royal Dutch Airlines, AirAsia, Dubai, Philadelphia International, Berlin, Amsterdam’s, Edinburgh Airport, CNN Travel, EU, Insurance, Airlines, British Airways, National Rail, Washington , D.C, Washington Metropolitan Area Transit Authority, Metropolitan Transportation Authority, MTA Locations: Air France, Europe, ” Spain’s, Madrid, Barcelona, Delta, –, London's Victoria, London, Italy, Washington ,, New York

☆ European markets open lower as investors digest ECB decision
▼ + stars: | 2024-07-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets opened lower on Friday as investors considered the latest ECB interest rate decision. All sectors were lower, with travel and leisure stocks tumbling 2.66%, and mining stocks declining 1.93%. European markets have retreated throughout the week with the Stoxx 600 closing lower for the last four consecutive days. The picture was similar across the world, with Asia-Pacific markets declining on Friday as they followed Wall Street lower. U.S. markets closed lower on Thursday, with the Dow Jones Industrial Average snapping a six-day winning streak.

Organizations: Bank of England, LONDON, Dow Jones, European Central Bank, ECB Locations: City of London, London, United Kingdom, Asia, Pacific, U.S

Search resuls for: ". London"

25 mentions found