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Hot Off The Wires - 28th May 2021

News


  • HSBC has sold its US retail banking network, effectively bringing to a close its struggling North America business after a 40-year attempt to run a full-service bank in the country.

  • Boris Johnson is considering plans for a carbon tax on imports from polluting industries in a move that could protect British farmers from foreign rivals.

  • Air France and Austrian Airlines had to cancel flights to Moscow after Russian authorities failed to approve new routes that avoided Belarus’s airspace in response to Minsk’s interception of a passenger jet.

  • Rolls-Royce has opened the world’s largest indoor jet engine test bed, a £90m bet on the company’s future despite the current crash in air travel.

  • Tui Group said last night it has agreed to sell its 49% stake in Spain’s RIU Hotels to co-owner RIU Group in a deal giving the joint venture an enterprise value of €1.5bn.


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