Tag: businessNews

Air Berlin’s administrator sues Etihad for up to 2 billion euros

FRANKFURT (Reuters) – German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday. Etihad Airways’ decision to withdraw funding for Air Berlin sent Germany’s then No.2 carrier into insolvency. The administrator […]

Read More

ECB still sees balanced economic outlook, but downside risk more prominent

FRANKFURT (Reuters) – The European Central Bank maintained on Thursday its long-standing assessment that risks to growth remain “broadly balanced”, but acknowledged that downside elements were becoming more prominent. Growth in the 19-member euro zone has slowed more than expected in recent quarters. “The risks surrounding the euro area growth […]

Read More

Factbox: The trading firms under investigation in Brazil graft probe

(Reuters) – Last week, Brazilian investigators accused four of the world’s largest oil-trading firms of participating in a corruption scheme focused on Brazil’s state-controlled oil company Petrobras. Federal prosecutors allege Vitol, Glencore, Trafigura and Mercuria along with several small firms collectively paid at least $31 million in bribes over a […]

Read More