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Britain's Thomas Cook Group Plc has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal, the Financial Times reported late on Friday. "We do not speculate on the financial situation of individual businesses," a spokesperson for Britain's Department for Transport said in a statement. Thomas Cook said it had no comment on the FT report.

Sat, 21 Sep 2019 04:10:24 -0400

Saudi Aramco has emerged from attacks on its oil facilities "stronger than ever", Chief Executive Amin Nasser told employees in a message, adding that full oil production would resume by the end of this month. "The fires that were intended to destroy Saudi Aramco had an unintended consequence: they galvanized 70,000 of us around a mission to rebound quickly and confidently, and Saudi Aramco has come out of this incident stronger than ever," Nasser said in the internal message, on the occasion of the Saudi national day, to be celebrated on Sept. 23. Six days after the assault, which hit at the heart of the Saudi energy industry and intensified a decades-long struggle with arch-rival Iran, the state oil giant Aramco invited reporters on Friday to observe the damage and the repair efforts.

Sat, 21 Sep 2019 04:09:43 -0400

The deputy leader of Britain's main opposition Labour Party said on Saturday that his stance on Brexit, where he backs a second referendum before a parliamentary election, unlike leader Jeremy Corbyn, is behind efforts by some in the party to remove him. Just over a month before Britain is due to leave the European Union, it still remains unclear whether, how or if Brexit will take place on Oct. 31, amid deep divisions within both the ruling Conservatives and the Labour Party. Citing disloyalty over Brexit at a meeting of Labour’s National Executive Committee on Friday, Jon Lansman, the founder of the left-wing grassroots movement Momentum, proposed a motion to abolish the deputy's post, according to two party officials.

Sat, 21 Sep 2019 04:01:01 -0400

Five Houston-area deaths are now blamed on Tropical Storm Imelda as Texas residents fight through hazardous flooding that's brought the region to a standstill, leaving hundreds of cars swamped and abandoned. The remnants of Imelda dumped up to 43 inches of rain within three days in the areas between Winnie and Beaumont, east of Houston. Some residents whose homes were flooded by Hurricane Harvey two years ago are now seeing rain seeping into their houses yet again.

Sat, 21 Sep 2019 03:51:00 -0400

Thomas Cook said it had no comment on the FT report. Thomas Cook, one of the world's oldest holiday companies, could leave hundreds of thousands of holidaymakers stranded if it fails to find funds. Founded in 1841, Thomas Cook has struggled in recent years under intense competition in popular destinations, high debt levels and an unusually hot summer in 2018 which reduced last-minute overseas bookings.

Sat, 21 Sep 2019 03:45:15 -0400