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Tag: talks

‘Boris Bus’ maker Wrightbus in urgent rescue talks

‘Boris Bus’ maker Wrightbus in urgent rescue talks

Business
The Ballymena-based 'Boris Bus' maker Wrightbus will this weekend hold last-ditch talks with a prominent Irish transport executive in a bid to stave off collapse.Sky News has learnt that Darren Donnelly has emerged as the leading contender to acquire Wrightbus, which employs about 1400 people and counts Transport for London (TfL) among its biggest customers. Sources said that without a rescue deal being concluded by next week, the company could be forced to appoint administrators.The news comes just seven weeks after Boris Johnson told the House of Commons that the government would do "everything we can" to salvage Wrightbus's future.Asked by the DUP MP Ian Paisley whether ministers would step in to save the company, the prime minister said: "It was of great value to the people of this cou...
Thomas Cook in talks about £1bn rescue package

Thomas Cook in talks about £1bn rescue package

Business
Thomas Cook Group is in talks with its lenders to increase the size of a rescue fundraising to £1bn after Britain’s oldest travel agent warned it could face collapse unless it finalises a deal this month.Sky News has learnt that fresh talks between Thomas Cook and its financial stakeholders in recent days have resulted in a request for more capital to be made available to the company than the £900m proposed last month. Sources said on Thursday that its lending banks were seeking greater comfort about the tour operator's financial headroom.As a result, Thomas Cook is now in talks about an offer from creditors of an additional standby borrowing facility to provide that reassurance.One City insider said that the standby facility was not expected to be drawn upon and that the travel group cont
Report: Upcoming North Korea-U.S. nuclear talks aimed at drafting agreement

Report: Upcoming North Korea-U.S. nuclear talks aimed at drafting agreement

World
SEOUL, Sept. 12 (UPI) -- Working-level talks expected to take place between the United States and North Korea late this month are part of a process to draft an agreement to be signed at the countries' next summit, a pro-Pyongyang newspaper in Japan said Thursday. Earlier this week, the North expressed a willingness to hold working-level talks with the United States in late September in what would mark a resumption of the negotiating process that reached a deadlock with February's no-deal summit between U.S. President Donald Trump and North Korean leader Kim Jong Un. The Choson Sinbo newspaper said the upcoming talks are a "process to discuss and fine-tune the content to be included in an agreement to be signed at a summit" and therefore, the negotiating teams bear a heavy responsibility....
Man City in talks with Juventus over Joao Cancelo swap for Danilo

Man City in talks with Juventus over Joao Cancelo swap for Danilo

Sports
Manchester City are in talks with Juventus over a deal to sign Portugal right-back Joao Cancelo with Brazil full-back Danilo moving the other way. There is no agreement yet but City manager Pep Guardiola is keen to strengthen his options on the right. City, who also have £45m England right-back Kyle Walker in their squad, are expected to pay a fee in addition to 28-year-old Danilo joining Juve. Cancelo, 25, has also played further forward as well as at left-back.He joined Juventus from Valencia for £35m in 2018 after spending a season on loan at Inter Milan.Cancelo was part of the Portugal squad that won the Nations League earlier this summer although he did not play.City signed Danilo from R
Heathrow in last-minute talks to avert strikes

Heathrow in last-minute talks to avert strikes

Business
Heathrow Airport is holding last-ditch talks with unions to avert strikes on Monday and Tuesday that could mean 2,500 workers walking out. Britain's busiest airport has already cancelled 177 flights - roughly one in seven departures - as a precaution after Unite rejected a pay offer.The airport said the "vast majority" of passengers would still be able to fly. But some passengers say airlines have still not told them whether their flights will be cancelled. Some 91 airlines could be affected by the strikes, involving engineers, firefighters and security staff.Heathrow cancels 177 flights after strike voteA Heathrow spokeswoman said: "Airlines will confirm with passengers what flights they will be consolidating and cancelling."We ...