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Britain is banning direct passenger flights from the United Arab Emirates from Friday, shutting down the world’s busiest international airline route from Dubai to London
Nine banks ate into capital buffers under ECB’s pandemic relief28 Jan 2021 09:25
Nine eurozone banks have taken advantage of the European Central Bank’s permission to eat into their capital buffers as part of its effort to encourage lenders to keep credit flowing during the coronavirus crisis.
The number of banks falling below the ECB’s overall capital requirements and guidance increased from six the previous year, the central bank said on Thursday. While the ECB did not name the banks, it warned that the pandemic could still create more problems for lenders.
AIRLINE INDUSTRY FURY AT HOTEL QUARANTINE PLANS27 Jan 2021 13:42
The bosses of Britain’s biggest airlines have written to the prime minister demanding "an urgent roadmap for the reopening of air travel”.
“UK airlines cannot survive a second summer season without meaningful revenue.
“Each day the UK is isolated from the world [is] causing untold economic damage, both to the UK’s essential aviation infrastructure – its airlines, airports and ground handers - but also to those businesses that depend on the UK’s connectivity within a global economy.”