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USA UK and Malta News
02/11/2008 - 21:15

UK Today Editoweb 2 november 2008

Recession good for Ryanair: CEO - Brown seeks Saudi cash in latest crisis salvo - New Alitalia up and flying by Dec 1: administrator.



Recession good for Ryanair: CEO

Recession in Europe is good news for Irish low-fares airline Ryanair, its chief executive Michael O'Leary says in an interview to appear in Germany on Monday.

Brown seeks Saudi cash in latest crisis salvo

Prime Minister Gordon Brown said on Sunday he expected Saudi Arabia to pump money into the International Monetary Fund, the latest salvo in an ongoing effort to contain the global financial crisis that is also expected to bring a new round of rate cuts this week.

New Alitalia up and flying by Dec 1: administrator

The relaunched Alitalia should be operational by December 1 when its foreign partner will have been chosen, the administrator for the CAI group that is taking over the Italian flag carrier said.

Britain's Brown believes Gulf states will offer IMF cash boost

British Prime Minister Gordon Brown said on Sunday that he believed Gulf states would step in to extend the IMF's capacity to bail out nations hit by worldwide economic chaos.

Portugal aiming to nationalise BPN bank

Portugal is aiming to nationalise the BPN bank, which has sustained heavy losses that took root before the unfolding global financial crisis, Finance Minister Fernando Teixeira dos Santos said Sunday.

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