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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 […]
Oil prices sink to lowest in over a year, biggest weekly drop since 2016
By Scott DiSavino NEW YORK (Reuters) – Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand. […]
Nets suspend Kyrie Irving for at least 5 games without pay – The Denver Post
By BRIAN MAHONEY NEW YORK (AP) — The Brooklyn Nets suspended Kyrie Irving for at least five games without pay Thursday, dismayed by his repeated failure to “unequivocally say he has no antisemitic beliefs.” Hours after Irving refused to issue the apology that NBA Commissioner Adam Silver sought for posting a link to an antisemitic […]