(Reuters) -Spirit Airlines said on Monday it will furlough about 270 pilots while demoting another 140, as the cash-strapped budget carrier looks to scale down its workforce to match a downsized schedule.
The furloughs will go into effect on Nov. 1, while designation downgrades for captains will take place on Oct. 1, the company told Reuters in an emailed statement.
"We are taking necessary steps to ensure we operate as efficiently as... (continue reading...)
PARIS (Reuters) -The French wine and spirits exporters' federation FEVS said on Monday the trade deal struck between the European Union and the United States was expected to confirm duty-free trade in spirits.
Since April, U.S. duties on EU spirits had been provisionally set at 10%.
As far as wine was concerned, not everything has been decided yet, the federation said, calling on the European Commission and France to obtain a cut in customs... (continue reading...)
CHISINAU, Moldova (Reuters) -Moldovan business magnate Vladimir Plahotniuc, detained in Greece on a warrant linked to a landmark $1 billion fraud case, is willing to be extradited to Moldova, his lawyer said on Monday.
Plahotniuc, a former lawmaker and considered one of Moldova's richest men, is one of the chief suspects in Moldova's "theft of the century", the disappearance in 2013 of $1 billion from the Moldovan banking system -- the equivalent at the... (continue reading...)
WASHINGTON (Reuters) -A U.S. government watchdog said on Monday it will probe the Federal Aviation Administration's 2024 decision to relocate control of Newark's airspace to Philadelphia to address staffing shortages and congested New York City-area traffic.
The Transportation Department's Office of Inspector General is opening the review after two serious outages of communications for air traffic controllers overseeing Newark’s airspace in April and May... (continue reading...)
By Bhanvi Satija
(Reuters) -The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday.
The added costs could raise prices for consumers unless pharmaceutical companies take action to mitigate the impact of the tariffs, one of the analysts said.
Pharmaceuticals had historically... (continue reading...)
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