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Qatar Airways spends $600 million to lift stake in BA owner to 25%
By Paul Sandle and Alexander Cornwell LONDON/DUBAI (Reuters) – Qatar Airways has bought a $600 million stake in British Airways-owner IAG <ICAG.L> to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management. In an endorsement of the Anglo-Spanish group just weeks before its founder Willie Walsh steps down, Qatar […]
Bank of England’s Carney backs debt-financed public investment
By David Milliken LONDON (Reuters) – Bank of England Governor Mark Carney gave his backing for government borrowing to fund infrastructure investment on Tuesday, shortly after Prime Minister Boris Johnson approved a major new rail link between London and northern England Low interest rates offer the government and businesses the chance to undertake the longer-term […]
Arts, Entertainment Jobs In Calif. Decimated By Pandemic
Hundreds of thousands of jobs in California’s “creative economy” were lost over the course of the coronavirus pandemic in 2020, costing the state billions of dollars in economic output. In an annual report put together by Otis College of Art and Design and Beacon Economics, they found that 175,360 workers in California lost their employment […]