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Washington – JetBlue has said the coronavirus (COVID-19) pandemic will not stop the airline from launching its long-awaited New York to London service on Wednesday. Chief executive Robin Hayes told the BBC there was ....
3 Min Read (Reuters) - European shares ended lower on Tuesday as high sovereign bond yields pressured heavyweight sectors such as technology, while a batch of mixed corporate earnings cast doubt over the pace of a post-COVID-19 recovery. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 17, 2021. REUTERS/Staff The benchmark euro zone stock index was down 0.4%, with tech stocks leading declines for a second straight session as they retreated further from 20-year highs. A recent spike in sovereign bond yields also weighed on stocks, as higher returns in fixed income offered investors a safer alternative to relatively riskier equities. ....
Article content London’s FTSE 100 was subdued on Tuesday as a sharp rise in the unemployment rate to 2016-highs overshadowed gains in energy and travel-related stocks, while HSBC dropped after the lender abandoned its long-term profitability targets. The commodity-heavy FTSE 100 was flat by 0921 GMT, as Britain’s jobless rate rose to 5.1% in the last three months of 2020. We apologize, but this video has failed to load. Try refreshing your browser, or FTSE 100 flat as grim jobless data offsets energy gains; HSBC slides Back to video The mid-cap FTSE 250, however, gained 0.9%, boosted by a 2.4% jump in travel and leisure stocks, a day after Prime Minister Boris Johnson unveiled a map out of the lockdown for England, although the plan would keep some businesses shuttered until the summer. ....
European shares reversed early gains to trade lower on Tuesday as mixed corporate earnings updates overshadowed a boost from strong commodity prices, while British bank HSBC fell after abandoning its long-term profitability targets. HSBC Holdings dropped 1.5% after its annual profits fell sharply due to the COVID-19 pandemic, while it unveiled a revised strategy focused . ....