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U.S. drilling lease sales draw few bids during oil market meltdown
By Nichola Groom (Reuters) – Oil and gas lease sales offered by the Trump administration in three Western states on Tuesday drew few bids as a crash in energy prices tamped down interest among drillers. The Bureau of Land Management (BLM) received bids on just 40% of the 193,584 acres (78,300 hectares) offered for leasing […]
French watchdog to fine Apple over anti-competitive behaviour, sources say
By Mathieu Rosemain PARIS (Reuters) – France’s competition watchdog is set to fine iPhone maker Apple Inc <AAPL.O> next Monday over anti-competitive behaviour in its distribution and sales network, two sources close to the matter said on Thursday. One of the sources said the competition authority will give a decision on the matter on Monday, […]
Virgin Australia to suspend all international flying as coronavirus sinks demand
SYDNEY (Reuters) – Virgin Australia Holdings Ltd <VAH.AX> said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus. Australia’s No. 2 airline will ground the equivalent of 53 aircraft from its […]