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Labour's McDonnell says Thomas Cook bosses should pay back bonuses

Thomas Cook bosses should have to pay back any bonuses they have received, Britain's opposition Labour Party finance spokesman John McDonnell said on Monday following the travel firm's collapse.



6 years ago

Travel firm Thomas Cook's collapse strands about 50,000 in Greece: Greek government official

About 50,000 tourists are stranded in Greece, mainly on islands, as a result of British travel firm Thomas Cook's collapse, a Greek tourism ministry official told Reuters on Monday.



6 years ago

Asian shares ease on geopolitical tensions, oil up 1%

Most Asian share markets slipped on Monday as investors waited for more clarity on Sino-U.S. trade talks, while oil gained more than 1% as Middle East tensions remained elevated.



6 years ago

Big companies commit to slash emissions ahead of U.N. climate summit

Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.



6 years ago

Budget carrier XL Airways seeks rescue deal with Air France

French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.



6 years ago

UK minister hopes Thomas Cook talks come to 'positive conclusion'

British security minister Brandon Lewis said he hoped talks about the future of travel company Thomas Cook come to a positive conclusion on Sunday.



6 years ago

Eyes on U.S. prize, Primark considers Central American suppliers

Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.



6 years ago

Travel group Thomas Cook battles for survival with final creditor meeting

Bosses at Britain's Thomas Cook were meeting lenders and creditors on Sunday to decide whether the world's oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world.



6 years ago

No one will be stranded, UK minister says on Thomas Cook future

British foreign minister Dominic Raab said the government had contingency plans in case talks to rescue travel company Thomas Cook fail, and sought to reassure holidaymakers that they will not end up stuck overseas.



6 years ago

China needs to change way it finances economy, think tank says

China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the funds they need for growth, a leading Chinese think-tank said in a report published Sunday.



6 years ago

Saban to return controlling stake in Israel's Partner Comms: media

U.S.-Israeli media magnate Haim Saban plans to give up his controlling stake in Israeli mobile phone operator Partner Communications , financial media reported on Sunday.



6 years ago

How to raise a whiz kid investor

Plenty of parents start their kids off with a piggy bank to underscore the importance of savings. But very few teach their children how to invest.

6 years ago

1 in 5 college students are parents. Schools could be doing more to help them

Today more than 1 in 5 undergraduate students are parents, yet colleges aren't doing enough to ease these students' financial burdens.

6 years ago

Deutsche Bahn sees big windfall from climate change package

Germany's Deutsche Bahn [DBN.UL] expects the government's 50 billion euro climate change package to generate the railway company's biggest growth spurt in its 180-year history, the state-owned firm's boss said on Sunday.



6 years ago

Thomas Cook customers say Tunisia hotel stopped them leaving

British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday operator Thomas Cook, though the Tunisian government said the incident was a misunderstanding.



6 years ago