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Estonia warns of risks in wake of money laundering scandal

6 hours ago DieselGasoil Comments Off on Estonia warns of risks in wake of money laundering scandal
FRANKFURT (Reuters) – Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe’s biggest financial scandals. FILE PHOTO: Kilvar Kessler, the head of Estonia’s banks supervisor, the Finantsinspektsioon, Picture Read More

Lufthansa announces overhaul of budget carrier Eurowings

10 hours ago DieselGasoil Comments Off on Lufthansa announces overhaul of budget carrier Eurowings
BERLIN (Reuters) – Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit. FILE PHOTO: The economy class section of an Airbus A340-300 of Eurowings, a low-cost airline and fully Read More

Lufthansa announces turnaround plan for budget unit Eurowings

12 hours ago DieselGasoil Comments Off on Lufthansa announces turnaround plan for budget unit Eurowings
FILE PHOTO: The economy class section of an Airbus A340-300 of Eurowings, a low-cost airline and fully owned subsidiary of German Lufthansa Group, is photographed as Eurowings opens a new route from Duesseldorf to New York, in Duesseldorf, Germany, April 27, 2018. REUTERS/Wolfgang Rattay BERLIN (Reuters) – German carrier Lufthansa announced a turnaround plan for Read More

Huawei files lawsuit against US government over seizure of equipment

3 days ago DieselGasoil Comments Off on Huawei files lawsuit against US government over seizure of equipment
Chinese tech giant Huawei has filed a civil lawsuit against the US Commerce Department over the mishandling of telecommunications equipment seized by American officials, demanding its release. According to the complaint, the US government took possession of hardware, including an ethernet switch and computer server, which was transported from China to an independent laboratory in Read More

NYMEX RBOB rallies nearly 7 cents following PES refinery fire

3 days ago DieselGasoil Comments Off on NYMEX RBOB rallies nearly 7 cents following PES refinery fire
Highlights Philadelphia FD: PES fire ‘not under control, but contained’ Transatlantic clean tanker rates jump on import expectations Physical reaction muted as traders adopt wait and see approach New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX refined products settled at a three-week high amid supply Read More

Airlines reroute flights to avoid Iranian airspace in the Gulf

3 days ago DieselGasoil Comments Off on Airlines reroute flights to avoid Iranian airspace in the Gulf
European carriers British Airways, KLM, Lufthansa and others have rerouted their flights to avoid Iranian airspace. The FAA had banned US civilian aircraft from parts of the Gulf, after an American drone was downed by Tehran. The UK’s flagship airline, British Airways, announced that it will adhere to the guidance issued by the US Federal Read More

Slack: Shares surge as messaging app joins the stock market

3 days ago DieselGasoil Comments Off on Slack: Shares surge as messaging app joins the stock market
Shares in messaging app Slack surged 49% as the company became the latest tech start-up to join the stock market. Slack set a guide price of $26 a share, but rose 60% at the start of trading before easing back to finish at $39. The company chose a direct listing on the stock market, rejecting Read More

‘Cocked and Loaded’ – Trump calls off Iran strikes with minutes to spare

3 days ago DieselGasoil Comments Off on ‘Cocked and Loaded’ – Trump calls off Iran strikes with minutes to spare
Donald Trump has said the US was “cocked and loaded” to retaliate after Iran shot down one of its drones – but called off the strike because too many people would die. The US president had signed off on three separate targets, but cancelled the operation after military advisers warned up to 150 people could Read More

Brent oil up 5% this week on fears of U.S.-Iran conflict

3 days ago DieselGasoil Comments Off on Brent oil up 5% this week on fears of U.S.-Iran conflict
LONDON (Reuters) – Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output. FILE PHOTO: Pumpjacks are seen Read More

Brent oil up 6% in one week on fears of U.S. attack on Iran

3 days ago DieselGasoil Comments Off on Brent oil up 6% in one week on fears of U.S. attack on Iran
LONDON (Reuters) – Brent oil rallied above $65 per barrel and was set to notch up a 6% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output. FILE PHOTO: Pumpjacks are seen against Read More