News That Matters

Tag: Regional

Former Flybe shareholder plots regional airline’s revival

Former Flybe shareholder plots regional airline’s revival

Business
A shareholder in Flybe when it collapsed this year with the loss of thousands of jobs is in talks with its administrators about a potentially controversial bid to resuscitate the regional airline. Sky News has learnt that Cyrus Capital, a hedge fund with offices in Mayfair, is behind a plot to reacquire some of Flybe's assets, despite the devastating impact of the coronavirus pandemic on Britain's aviation industry. Cyrus Capital, which is run in Europe by Lucien Farrell, is understood to be in discussions with EY - which was appointed to handle the company's insolvency in March - about a deal.It is said to want to relaunch a smaller version of Flybe next year, although the precise timetable would be subject to a recovery in passenger demand and the removal of coronavirus-related quarantin...
Russians in Far East region protest arrest of regional governor

Russians in Far East region protest arrest of regional governor

World
July 11 (UPI) -- Tens of thousands of people protested in the Far East region of Russia Saturday, calling for the resignation of President Vladimir Putin and demanding the release of a regional governor arrested recently on murder charges. The protests in Khabarovsk, a city bordering China, and numerous other towns were the largest in the area in many years. Advertisement Some demonstrations were comparable in size to those last summer in Moscow, where most street protests opposing Putin's regime have taken place. On Thursday Sergei I. Furgai, the governor of Khabarovsk Krai, a sprawling region that spans the Chinese frontier to the Arctic along the Pacific region, was arrested near his home in Khabarovsk city on suspicion of involvement in multiple murders in the early 2000s. Furgal took...
Northeast governors slow to embrace regional climate pact

Northeast governors slow to embrace regional climate pact

Technology
CONCORD, N.H. -- Supporters of a regional pact that would tackle transportation emissions are struggling to win over several New England governors concerned that the climate change initiative will increase gas prices. After the Transportation and Climate Initiative was announced last month, New Hampshire's Republican Gov. Chris Sununu said the state won't join, citing fears of a gas price hike. Vermont's Republican Gov. Phil Scott said he couldn't support the initiative if it amounts to a tax on carbon. A spokesman for Maine's Democratic Gov. Janet Mills said the state has yet to sign a draft memorandum of understanding for the TCI, citing the unique challenges of addressing transportation in a rural state. The initiative is aimed at a dozen Northeast and mid-Atlantic states an...
SWIFT India and South Asia Regional Conference 2019

SWIFT India and South Asia Regional Conference 2019

Finance
Banking on Digital RevolutionAt the India and South Asia Regional Conference 2019, organised by SWIFT, thought leaders shared valuable insights on trade finance digitisation, vulnerability to cyber-attacks, and risk management From conventional to convenience, the banking system has witnessed a transformational change. This has been primarily ushered by digital interventions and smartphone penetration in the Indian ecosystem. With the launch of United Payments Interface (UPI) and global payments innovation (gpi), the payment systems domain experienced major innovation. Digitisation has become the top priority for every bank. But with these revolutions comes major challenges in the form of security risks, customer unawareness, and lack of skills. To discuss these paradigm shifts, SWIFT - a...
UK regional airline Flybmi ceases operations

UK regional airline Flybmi ceases operations

Business
British regional airline Flybmi has cancelled all its flights and filed for administration, the airline has announced.The company said it had been badly affected by rises in fuel and carbon costs and uncertainty over Brexit.The East Midlands-based airline, which has 376 staff, operates 17 planes flying to 25 European cities.Affected passengers have been told to contact their travel agents or insurance and credit card companies.A Flybmi spokesman said: "It is with a heavy heart that we have made this unavoidable announcement. "The airline has faced several difficulties, including recent spikes in fuel and carbon costs, the latter arising from the EU's recent decision to exclude UK airlines from full participation in the Emissions ...