losing-momentum

Lufthansa cabin crew union says pay talks have failed

Talks between Lufthansa and its main cabin crew union have failed, the union said on Saturday, raising the prospect of more strikes at the German carrier. Lufthansa is in talks with various staff groups as it seeks to cut costs in order to compete better with low cost carriers and Gulf rivals. A long-running dispute with its pilots over pay and conditions has already resulted in more than a dozen strikes over a period of 18 months.

Read the original here:
Lufthansa cabin crew union says pay talks have failed

losing-momentum

ECB will do what is needed to keep inflation target on track: Draghi

By Stephen Jewkes MILAN (Reuters) – The European Central Bank (ECB) is ready to do what it takes to keep its medium-term inflation target on course, its head Mario Draghi said in a newspaper interview published on Saturday. Consumer prices in the 19-country euro zone slipped by 0.1 percent in September – far from the bank's aim of just below…

More:
ECB will do what is needed to keep inflation target on track: Draghi

losing-momentum

Italy court says no proof of wrongdoing in UniCredit mafia probe

An Italian court said on Saturday there was no proof to back up allegations that three executives at Italian lender UniCredit had helped a businessman who prosecutors claimed had links to the Sicilian mafia, according to a court document. Fabrizio Palenzona, Unicredit…

See the rest here: 
Italy court says no proof of wrongdoing in UniCredit mafia probe

losing-momentum

ECB reveals capital hole in Greek banks as unpaid loans soar

By John O'Donnell and Francesco Canepa FRANKFURT (Reuters) – Greece's banks need to raise more than 14 billion euros (10 billion pounds) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced …

The rest is here: 
ECB reveals capital hole in Greek banks as unpaid loans soar

losing-momentum

China’s October factory, services surveys show economy still wobbly

Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures. Adding to those concerns, China's services sector, which has been one of the few bright spots in the economy, also showed signs of cooling last month, expanding at its slowest pace in nearly seven years. As the first major indicators …

Here is the original post:
China’s October factory, services surveys show economy still wobbly