Peter Fitzpatrick News
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Cyprus, which may need as much as 6 billion euros ($7.6 billion) to prop up its banks, may request a European bailout by June 26, Phileleftheros reported.
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Air Canada said the arbitrator in its dispute with the International Association of Machinists and Aerospace Workers union chose the company’s final offer that maintains a defined-benefit pension plan for current employees.
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An Air Canada Boeing 777, bound for Tokyo’s Narita airport, made an emergency landing at Toronto’s Pearson airport after an engine shut down, the company said.
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Air Canada passengers at Toronto’s Pearson International Airport are experiencing flight delays of as long as two hours because of a job action by workers who handle security screening at checkpoints.
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Air Canada and its pilots union were offered a new government mediator for contract talks after a legally mandated “cooling off” period ended and workers considered authorizing a strike.
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The rand gained for a second day against the dollar after Finance Minister Pravin Gordhan said a move to rein in the budget deficit ahead of schedule will prevent a credit-rating downgrade for Africa’s biggest economy.
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Air Canada passengers faced disruptions on a handful of flights today, as pilots were ordered back to work after failing to report yesterday in protest of stalled contract talks.
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Air Canada, the country’s largest carrier, canceled about 30 flights this morning after pilots failed to show up for work, the latest episode in a spate of labor unrest for the airline.
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Delays at Toronto’s Pearson International Airport dropped to about 30 minutes today from two hours yesterday as a work slowdown by security checkpoint screeners eased.
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Irish Life & Permanent Plc, Ireland’s biggest mortgage lender, cut the total compensation of its directors by 15 percent last year.
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