The British Bankers’ Association said its members gave the green light to 44,657 mortgages in January, up from 43,581 in December and the highest number since January last year, when 45,794 were granted. The BBA said low mortgage rates were also driving strong interest from existing home-owners in remortgaging. Source: Reuters
The Italian Civil Aviation Authority (Enac) threatened on Wednesday to suspend Ryanair’s permit to fly in Italy due to non-compliance with coronavirus (Covid-19) related safety rules. Source Brussels time
Fitch Ratings, one of the world’s major credit-rating companies, revised its outlook on the U.S. credit score to negative from stable Friday “to reflect the ongoing deterioration in the U.S. public finances and the absence of a credible fiscal consolidation plan.” Source South Florida Times
French automaker Renault reported its biggest half-year loss ever on Thursday, with revenue slashed by a third as dealerships worldwide were emptied by the coronavirus crisis. The dire results underscored the challenges facing CEO Luca de Meo, who was brought in this month to revamp a company reeling from strategic missteps and the ousting of former boss Carlos Ghosn last year on financial misconduct charges. Source France24
