BA sees improved outlook, swings to H1 loss
British Airways Plc fell to a worse than expected first-half loss and forecast revenue would slump by £1 billion this year, but analysts said the worst could be over as the airline signalled business was stabilising. BA on Friday reported a pretax loss of £292 million ($482.4 million) for the six months ended September, while revenues fell 13.7% to £4.1 billion. BA said it would also slash more costs, with another 1,200 staff losing their jobs next year taking the total number of job losses to 4,900.
Developing countries launch 45% of WTO disputes
Developing countries have launched nearly half of the disputes at the World Trade Organisation in its 15-year history, the WTO said on Friday. From 1995 to date, the US has been the complainant in 93 disputes and the EU in 81. Other big users are Canada, which has been the plaintiff in 33 disputes, Brazil with 24 and Mexico with 21.China, the target of 17 disputes, has launched 6. Developing countries have been plaintiffs in more than 45% of cases/

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