Norwegian Air sees travel rebound ending need to seek more cash
Norwegian Air (NORR.OL) said on Tuesday it would not need to raise more cash as easing COVID-19 travel restrictions lifted bookings, although the budget carrier which has emerged from bankruptcy proceedings did not provide a 2021 outlook.
Airbnb warns of Delta impact on bookings, shares fall over 4%
Airbnb Inc (ABNB.O) said on Thursday its current-quarter bookings could be hit by the Delta variant of the coronavirus and a slowing pace of vaccination in the United States, sending its shares down more than 4%.
Kuwait’s economic makeover under threat as small businesses fight for life
Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy.
Oil drops below $70 as U.S. urges OPEC+ to pump more
Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery.
Oil firms but still set for weekly loss on demand worries
Oil prices edged higher on Friday but remained on track for their biggest weekly decline since March on concerns over the impact on fuel demand from travel restrictions to curb the spread of the Delta variant of COVID-19.
Analysis: Delta-spurred curbs cloud European recovery outlook
Rising coronavirus infection rates, driven by the fast-spreading Delta variant, are forcing more countries around Europe to re-impose restrictions that could cast a pall over the region’s economic recovery prospects.
EU envoy urges U.S. to ease travel restrictions; sees time to resolve metals dispute
The European Union’s top diplomat in Washington said the United States should safely ease COVID-19 travel restrictions on Europeans, calling it a mistake to prevent European business executives from overseeing their U.S. investments.
U.S. forming expert groups on safely lifting global travel restrictions
The Biden administration is forming expert working groups with Canada, Mexico, the European Union and the United Kingdom to determine how best to safely restart travel after 15 months of pandemic restrictions, a White House official said on Tuesday.
