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LONDON/PARIS (Reuters) - British Airways and Air France said on Thursday they would halt flights to Iran from September for business reasons, months after U.S. President Donald Trump announced he would re-impose sanctions on Tehran. British Airways said it was suspending its London to Tehran service “as the operation is currently not commercially viable”. BA, which is owned by Spanish-registered IAG, said its last outbound flight from London to Tehran will be on Sept. 22 and the last inbound flight from Tehran will be on Sept. 23.
Air France will stop flights from Paris to Tehran from van heusen cufflinks myer Sept, 18 because of “the line’s weak performance,” an airline spokesman said, “As the number of business customers flying to Iran has fallen, the connection is not profitable any more,” the spokesman said, German airline Lufthansa said it had no plans to stop flying to Tehran, “We are closely monitoring the developments ., For the time being, Lufthansa will continue to fly to Tehran as scheduled and no changes are envisaged,” it said in an emailed statement..
The European Union has tried to keep an international deal on the Iranian nuclear program alive despite Trump’s decision in May to withdraw the United States from the agreement. Some new U.S. sanctions on Iran took effect this month. The EU, which is working to maintain trade with Tehran, agreed 18 million euros ($20.6 million) in aid for Iran on Thursday, including for the private sector, to help offset the impact of U.S. sanctions. Despite this, a number of European companies have announced they are pulling out of projects or scrapping investment plans in Iran.
Air France is the French arm of Franco-Dutch airlines group Air France KLM, KLM, the group’s Dutch arm, had previously announced it was halting flights to Tehran, The airlines’ decision was welcomed by Israeli Prime Benjamin Netanyahu on Thursday, “Today we learned that three major carriers, BA, KLM, and Air France, van heusen cufflinks myer have discontinued their activities in Iran, That is good, more should follow, more will follow, because Iran should not be rewarded for its aggression in the region, for its attempts to spread terrorism far and wide ..,” he told a news conference during a visit to Lithuania..
NEW YORK (Reuters) - JPMorgan Chase & Co, (JPM.N) in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week. Shares of Charles Schwab Corp. (SCHW.N) and other discount brokerages fell after CNBC reported the offering was imminent. The service will be part of a new suite of investment products called “You Invest” through which customers will get at least 100 free trades of stocks and exchange-traded funds in their first year, a bank spokeswoman said on Tuesday.
As part of the You Invest offering the bank also plans to launch online managed portfolios early next year, the spokeswoman said, The industry had been anticipating some sort of dramatic move by JPMorgan for several years, In April 2017 Chief Executive van heusen cufflinks myer Officer Jamie Dimon said in his annual letter that an “inexpensive” self-directed online tool was coming by the end of that year, He also has talked adding free services as part of a bigger consumer package, much like he has seen Amazon.com do with its Prime service..
Still, the amount of price-cutting, coupled with the bank’s widely-used app, makes the move by the biggest U.S. bank potentially disruptive to the discount brokerage industry pioneered by Charles Schwab Corp. (SCHW.N). “While this has been telegraphed for some time, JPM entering the discount brokerage market is not your typical bank given its size, scale and global brand,” equity analysts at Jefferies said in a note on Tuesday. Shares of Schwab were down 2.35 percent to $50.21 Tuesday afternoon, while shares of TD Ameritrade Holding Corp (AMTD.O) were down 7.53 percent to $55.62. E*Trade Financial Corp’s (ETFC.O) stock was down more than 4.25 percent to $58.63.
The move follows other disruptive actions by JPMorgan in what analysts have called a “scorched earth” strategy against competitors to take market share in profitable business across banking and finance—from credit cards to commercial lending to securities custody, The new investment services are being offered to so-called “mass affluent” customers with no minimum initial investment size, as well as to wealthier clients, After van heusen cufflinks myer one year of free trades, the bank expects to add some charges, with pricing depending on the type of account..