Wednesday , March 29 2017

Lufthansa warns Brexit to hit UK airlines as EU gets tough

BERLIN - JUNE 08:  A groundcrew member helps guide Lufthansa Airbus A380 passenger plane before take off at the ILA Berlin Air Show on June 8, 2010 in Berlin, Germany. The 2010 ILA will run from June 8-13.  (Photo by Sean Gallup/Getty Images)

  Bloomberg Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr expects France and Germany to take a hard line against the UK aviation industry in Brexit negotiations, threatening to disrupt flight connections across Europe. “Brexit means Brexit – our industry won’t be exempt,” said Spohr, who has accompanied Chancellor Angela ...

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Bank of England reviews consumer credit surge as Citi warns of ‘bubble’

BOE copy

  Bloomberg UK regulators are starting a review into consumer borrowing after the Bank of England warned again about a potentially unsustainable buildup of debt. In a statement on Monday after its quarterly meeting, the BOE’s Financial Policy Committee said household indebtedness “remains high by historical standards and has begun ...

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