RBS to cut 443 jobs in UK, move many of them to India
British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
LONDON British budget airline easyJet (EZJ.L) said on Tuesday it would close its Hamburg base next summer, as part of a strategy to focus on its core European airports.
"After a thorough review of its Hamburg operations (easyJet)proposes to cease basing crew and aircraft at Hamburg from summer 2018," the airline said in a statement.
The company's Hamburg base opened in March 2014 but easyJet is only the fourth largest airline at the airport and it said its strategy was to strengthen its "number-one positions in key European airports."
EasyJet said it would keep a significant presence in Hamburg and that there would be no changes to the currently planned schedule.
(Reporting by Alistair Smout and Victoria Bryan; Editing by Greg Mahlich)
MILAN/ROME Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros (£14.9 billion) and will leave the lenders' good assets in the hands of the nation's biggest retail bank, Intesa Sanpaolo.
Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses.