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Business News Headlines

Iran rial plunges to new lows as U.S. sanctions loom

The Iranian rial plunged to a record low against the U.S. dollar on the unofficial market on Sunday, continuing its slide amid fears of returning U.S. sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear program.

UK ministers take aim at business over Brexit warnings

The British government and business leaders clashed in a deepening row over Brexit on Sunday after a senior minister accused companies of issuing "completely inappropriate" threats and undermining the prime minister.

Etihad tells pilots they can join rival Emirates on secondment

Etihad Airways has told its pilots they can join rival Emirates on a temporary basis for two years, according to an internal Etihad email seen by Reuters, as the downsizing of the Abu Dhabi carrier's operations helps fill a pilot shortage for Dubai's Emirates.