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Economy

BA canceled flights from Heathrow and Gatwick Saturday, upending the travel plans of tens of thousands of people on a busy United Kingdom holiday weekend. The CEO of British Airways, Alex Cruz, told Sky News the IT outage that grounded flights and stranded passengers was due to a power surge that affected messaging across their systems.
  • Manchester attack: teenager arrested

    Manchester attack: teenager arrested

    Economy

    Counter-terror police made fresh arrests tonight in connection to the Manchester suicide bombing as officers raided more addresses in the city. Seven children were among those who died when the Abedi detonated a bomb on 22 May, at the end of a concert by United States singer Ariana Grande at Manchester Arena .
  • British Airways Hoping to Operate 'Near-Normal' Schedule

    British Airways Hoping to Operate 'Near-Normal' Schedule

    Economy

    Update 5/27/17 6:30pm ET: British Airways has canceled all flights from Heathrow and Gatwick airports for Saturday. The problem comes on a bank holiday weekend, when tens of thousands of Britons and their families are travelling. Filmmaker Philip Bloom tweeted that he was stuck on the tarmac at Heathrow after his delayed flight from Belfast, Northern Ireland, finally landed because there was no space for the aircraft to park.
  • British Airways cancels more flights in Heathrow following IT failure

    British Airways cancels more flights in Heathrow following IT failure

    Economy

    Gatwick and Heathrow told passengers not to travel to the airports unless they were rebooked on other flights. Cruz said that to reduce overcrowding travellers will only be let into the terminal 90 minutes before their flights. The same applies for those booked on short-haul flights on Tuesday 30 May. "We are extremely sorry for the inconvenience this is causing our customers and we are working to resolve the situation as quickly as possible".
  • Russian President to Meet With French Counterpart on Monday in Paris

    Economy

    In advance of the NATO Leaders Meeting, President Trump urged President Macron to meet the NATO defense spending pledge and ensure that NATO is focused on counterterrorism. The visit comes seven months after the Russian leader cancelled a trip to Paris for the opening of a Russian cathedral complex near the Eiffel Tower in a spat over Syria with then president Francois Hollande, who had said Russia's bombing of Aleppo could amount to war crimes.
  • Oil slips as more US drilling outweighs OPEC-led cuts

    Oil slips as more US drilling outweighs OPEC-led cuts

    Economy

    After the market was unimpressed with the accord Thursday to prolong output curbs, Saudi Arabia's energy minister Khalid Al-Falih said the strategy is working and global stockpiles will drop faster in the third quarter. U.S. West Texas Intermediate (WTI) crude futures were 4 cents higher at $49.84 per barrel. Total volume traded was about 12% below the 100-day average.
  • More Heathrow chaos as BA scrambles to recover from IT crash

    More Heathrow chaos as BA scrambles to recover from IT crash

    Economy

    The carrier said those unable to fly would be offered a full refund. She said that flight was cancelled, and another flight she rebooked for Sunday was also cancelled, while there was no sign or news of the couple's luggage. "Many of you have been stuck in long queues while you waited for information", Cruz said in a video statement on Sunday. "I know this is a disgusting time for customers", BA CEO Alex Cruz said in a video statement when he apologized for the disruptions.
  • EU official says decision on Greek bailout soon

    Economy

    Greece is now in the midst of its third bailout program - the current three-year program expires in the summer of 2018 and could be worth up to 86 billion euros ($95 billion) in total. The meeting will be the first for French Finance Minister Bruno Le Maire, named to his post last week by Macron, a pro-EU centrist. They did not agree either on releasing new funds that Athens needs to repay 7.3 billion euros in loans maturing in July.
  • OPEC Extends Oil Output Cut By 9 Months

    Economy

    Parties to a measure coordinated by the Organization of Petroleum Exporting Countries are meeting in Vienna to review an agreement to sideline about 1.8 million barrels per day from the market in order to offset strains from the supply side.
  • Trump Administration Says It Will Launch NAFTA Renegotiation

    Trump Administration Says It Will Launch NAFTA Renegotiation

    Economy

    It proposes "modernization" of the agreement, with new provisions on digital trade , intellectual-property rights, labor and environmental standards, regulatory measures and so on. Trump has called NAFTA a "horrible deal" for the U.S. He discussed "tweaking" parts of the deal in February , and in April, he threatened to scrap it.
  • North Korea launches third missile in 3 weeks

    Economy

    Any pre-emptive military strike on North Korea would put South Korean and Japanese civilian populations, as well as U.S. military installations within those countries, at risk for a North Korean counterstrike. Pyongyang launched the missile from the country's eastern coastal city of Wonsan at around 5:40 a.m. Japan lodged a protest against the test missile, which appeared to have landed in its exclusive economic zone.