Jerome Powell was Wall Street’s choice to run the Federal Reserve.
Political deadlock over Brexit could halt flights between the UK and Europe, according to the chief executive of Ryanair, who warned that Britain’s aviation industry is being “walked off a cliff” by the government.
Ryanair’s chief executive has said fares in Europe will fall heavily this winter as he criticised Theresa May for having no strategy for Brexit.
So much for the idea that easyJet could improve its profits every year.
Can the crisis be over at Deutsche Bank? The immediate storm will pass if the US Department of Justice has dropped its demand for $14bn (£10.8bn) to cover mis-sold mortgage securities and is instead close to settling for a much lower sum. That outcome will calm market nerves and provide a vindication of sorts for John Cryan, the beleaguered bank’s chief executive, who always insisted that $14bn wouldn’t be the final figure.