AIRBUS HAS A PLAN

Airbus said on Thursday it expected to stop burning cash in the fourth quarter, giving investors the first glimpse of a path out of the coronavirus crisis after speeding up deliveries to cash-strapped airlines. The European planemaker said the first formal target since it halted annual guidance in April remained intact after France announced a new nationwide lockdown overnight. Chief Executive Guillaume Faury said Airbus had learned much about how to adapt during the seven-month-old crisis. SOURCE: Reuters

UK PACKAGING COMPANY EXPANDS INTO ITALY

A south Wales packaging firm is expanding into Europe with a production facility in Italy. Transcend Packaging’s new facility will look to enhance its sustainable paper straw production in a bid to to help brands switch from plastic to paper ahead of single-use plastic legislation. The eco-packaging disruptor business will have the capacity to produce two billion paper straws a year at its factory in northern Italy. Transcend is seen as a global pioneer in sustainable packaging and the first major producer of paper straws in the UK and Italy. Over the past two years, the Ystrad Mynach-based business has established itself as Europe’s leading producer of paper straws. SOURCE: business-live.co.uk

AMAZON FLOWS INTO SWEDEN

Amazon has launched a dedicated portal for Sweden at amazon.se – giving Swedish shoppers, third-party merchants and itself a local URL – and a local logistics system, and a local marketing push — for buying and selling goods and services online. Sweden is Europe’s 10th biggest economy by GDP and a key market for Amazon and its growth strategy. SOURCE: techcrunch.com

TECHNICAL GLITCH STOPPED TRADES

The European Central Bank blamed a software defect for a disruption to the region’s main wholesale payment system last week that left banks unable to process transactions and securities trades for almost 11 hours. SOURCE: Wall Street Journal