Global recession fears loom over markets; easyJet cuts more flights – business live
Rolling coverage of the latest economic and financial newsYellen says US recession not ‘inevitable’ but expects ‘economy to slow’Bitcoin value slumps below $20,000 in cryptocurrencies turmoilHouse prices in Great Britain hit record high but falls predicted this yearUK proposes tighter regulation of buy-now-pay-later credit agreements
Budget airline easyJet is cutting more flights in an attempt to avoid a repeat of the travel chaos suffered by passengers in recent months.
EasyJet has announced it is reducing capacity until the end of September, after flight caps were announced at London Gatwick and Amsterdam.
“It’s natural now that we expect a transition to steady and stable growth, but I don’t think a recession is at all inevitable.”Continue reading...