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American Airlines CEO says government aid should cover financing needs if demand recovers: CNBC interview
(Reuters) – American Airlines Group Inc <AAL.O> Chief Executive Doug Parker told CNBC on Wednesday that the $10.55 billion it will receive in federal grants and loans should be “more than sufficient” to cover its financing needs, assuming a gradual recovery in demand by the end of the year. Parker said the airline has started […]
Hero mum, 24, crushed between two cars while carrying baby on trip to Aldi
A brave mum who lost her leg after being crushed between two cars in a freak accident says she is "happy to be alive" after several gruelling surgeries. Ruby Flanagan, from Wallasey, Merseyside, was on her way to Aldi with her nan when she was caught between a silver Mercedes and a blue Volkswagen whilst […]
Explainer: Big cuts in oil production from OPEC and others
(Reuters) – Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves. WHO IS CUTTING OIL PRODUCTION? The Organization of the […]