American International Group Inc. (AIG) headquarters seen in New York

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FILE PHOTO: American International Group Inc. (AIG) headquarters seen on the day of the companyÕs 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn

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Coronavirus redraws battle lines on airline emissions

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By Laurence Frost and Kate Abnett PARIS/BRUSSELS (Reuters) – European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes – in a move that pits their immediate survival against longer-term emissions goals. The looming tax tussle underscores shifting environmental battle lines and a broader question for governments injecting billions into their afflicted […]
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Summit standoff as EU leaders grapple with Brexit-sized hole in budget

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By Sabine Siebold and John Chalmers BRUSSELS (Reuters) – EU leaders made no headway on Thursday in fractious talks on a joint 2021-27 budget that was left with a 75 billion euro ($81 billion) hole after Britain’s departure at a time when they face costly new challenges from climate change to migration. The joint budget […]
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Economists slash Singapore 2020 growth forecast to 0.6% – central bank survey

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SINGAPORE (Reuters) – Economists have more than halved their forecasts for Singapore’s growth this year anticipating a sharp contraction in the first quarter, a central bank survey showed on Wednesday, as the coronavirus outbreak hits the trade-reliant economy. Singapore’s gross domestic product is expected to contract 0.8% year-on-year in the first quarter, according to the […]