Hong Kong’s Cathay Pacific Airways Ltd said on Thursday it would defer the delivery of four Airbus SE narrowbodies in 2020 as it cuts capacity to deal with falling demand due to anti-government protests in its home city. In addition to delaying the arrival of three A321neos at regional arm Cathay Dragon and one A320neo at budget carrier HK Express, it said it would retire one Boeing Co 777-300ER and one Cathay Dragon A320 earlier than expected. Source Reuters
The Opec oil cartel is considering deeper cuts to production next year to avert a price slump in the market as the global economy falters. Ministers from some of the world’s biggest “petro-nations” are expected to cut an extra 400,000 barrels of oil a day from the global market and may consider even deeper cuts of up to 800,0000 barrels, according to reports. Source The Guardian
Eight thousand gold bars, worth around €4.5bn, have been returned to Poland from London after being spirited from the Eastern European country at the start of World War II. Source RTE
German industrial orders fell unexpectedly in October as demand at home and from outside the euro zone weakened, suggesting a manufacturing downturn will continue to hold back growth in Europe’s largest economy in the final quarter. Source Reuters
