Europe Top News and Analysis Iceland

  • *UK business uncertainty' through the roof'- BoE chief. WASHINGTON, April 11- The six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday.

  • April 10- JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday. New York- based JetBlue, which unveiled the long-awaited launch at an employee event at John F. Kennedy International Airport,...

  • Icelandair’s new glacier-themed plane.

    The national carrier also cited changes to the competitive environment.

  • BUCHAREST- European Central Bank Vice-President Luis de Guindos participates in Informal ECOFIN meeting in Bucharest, Romania. PRAGUE- Czech National Bank will release the minutes of its March 2019 monetary policy meeting. CHIANG RAI, THAILAND- The 23rd ASEAN finance ministers' meeting, and the 5th ASEAN finance ministers and central bank governors' meeting...

  • WARSAW- National Bank of Poland holds monetary policy council meeting. MOSCOW- Russian Central Bank Governor Elvira Nabiullina, Economy Minister Maxim Oreshkin and Finance Minister Anton Siluanov are among the Russian officials taking part in a forum organized by the Moscow Exchange. BUCHAREST- European Central Bank Vice-President Luis de Guindos...

  • Canada's largest carrier said it would put off the launch of at least five seasonal routes, including delaying its Vancouver to Boston service to June 16 from June 1. Montreal- based Air Canada said a previously-announced halting of flights from two Eastern Canadian cities to London's Heathrow airport would now remain suspended until May 31.

  • OSLO, April 1- Almost 60 percent of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation said on Monday, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.. The sales figures consolidate Norway's global lead in electric car sales per capita, part of an attempt by Western Europe's biggest producer of...

  • *EasyJet, IAG shares at bottom of FTSE 100. However, revenue per seat at constant currency is expected to have declined by about 7.4 percent and the company said it was seeing weakness in ticket yields across Europe, in contrast to guidance last November. "For the second half, we are seeing softness in both the UK and Europe, which we believe comes from macroeconomic...

  • Airlines see its worst situation, but it will get better: Research analyst

    CNBC's "Closing Bell" team talks about Boeing's new 737 Max jet fix and the disintegration of Icelandic budget airline Wow Air with David Vernon, senior research analyst at Bernstein, and CNBC's Phil LeBeau.

  • A Wow plane on the tarmac of Roissy-Charles de Gaulle Airport, north of Paris. (

    Icelandic airline Wow Air collapses and cancels all flights. The airline is telling customers to go looking for "rescue fares" from rival airlines. A fall in Icelandic tourism and rising fuel costs were cited as headwinds to profitability.

  • March 28- Iceland's WOW air became the latest budget airline casualty on Thursday, halting operations and cancelling all future flights after efforts to raise more funds failed. "This is probably the hardest thing I have ever done but the reality is that we have run out of time and have unfortunately not been able to secure the funding of the company," WOW CEO and...

  • March 28- Iceland's WOW air became the latest casualty among budget airlines on Thursday, ceasing operations and cancelling all its flights after efforts to raise more funds failed. "I will never forgive myself for not having acted earlier," WOW CEO and founder Skuli Mogensen wrote in a letter to the company's 1,000 employees, according to specialist website...

  • March 28- Iceland's WOW air said on Thursday it had ceased operations and all its flights have been cancelled, the latest budget airline to go out of business. Recent failures include Britain's Flybmi and Primea Air. Founded in 2011, the airline uses smaller single-aisle planes to fly between Iceland and many destinations in the United States and Europe.

  • PRETORIA- South Africa Reserve Bank starts its three-day monetary policy committee meeting. MEXICO CITY- Central Bank of Mexico to publish Monetary policy statement. PRAGUE- Czech National Bank holds monetary policy meeting.

  • PRETORIA- South Africa Reserve Bank starts its three-day monetary policy committee meeting. BEIJING- Governor of the People's Bank of China Yi Gang and Finance Minister Liu Kun speak at the annual Boao Forum. MEXICO CITY- Central Bank of Mexico to publish Monetary policy statement.

  • LONDON, March 18- Britain on Monday reached an a deal with Iceland and Norway to allow trade to continue unchanged if it leaves the European Union without a deal, trade minister Liam Fox said. Britain is seeking to replicate around 40 EU bilateral trade deals ahead of its exit from the bloc. With just 11 days until Britain is due in law to leave the bloc, the government...

  • UK TRADE MINISTER LIAM FOX SAYS "OUR NEGOTIATORS HAVE JUST INITIALLED A TRADE AGREEMENT WITH ICELAND& NORWAY FOR THE EUROPEAN ECONOMIC AREA"- TWEET.

  • SYDNEY- Speech by Christopher Kent, RBA assistant governor, at the KangaNews DCM Summit, Sydney- 2200 GMT. SYDNEY- Reserve Bank of Australia releases the minutes of March monetary policy meeting 0030 GMT. WARSAW- National Bank of Poland holds monetary policy council meeting.

  • BRUSSELS, March 7- The European Commission has accepted commitments offered by top Hollywood film studios and Sky UK on their pay-TV services that will allow European Union consumers outside Britain and Ireland to access films via satellite or online. Under the deal, Hollywood studios agreed not to apply clauses that prevent EU consumers outside Britain and...

  • SYDNEY- Speech by RBA Governor Philip Lowe at Australian Financial Review's 2019 Business Summit, Sydney- 2210 GMT. SYDNEY- Reserve Bank of Australia holds monetary policy board meeting- 0330 GMT. BRISBANE, Australia- Speech by John Simon, RBA's Head of Economic Research Department, at the Economic Society of Australia and Griffith University Symposium,...