Wizz Air picks Pratt & Whitney as engine supplier for existing Airbus order
The new engines will be equipped on the carrier's 177 A321neo aircraft that are on order. Wizz had previously selected Pratt & Whitney's GTF engine to power 276 Airbus A320neo, A321neo and A321XLR aircraft in both 2016 and 2020.
Pratt & Whitney will also provide Wizz with engine maintenance through a long-term service agreement.
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Reuters
22 minutes ago
- Reuters
Trump, EU's von der Leyen meet to clinch trade deal, rating chances 50-50
TURNBERRY, Scotland, July 27 (Reuters) - European Commission President Ursula von der Leyen met U.S. President Donald Trump on Sunday to clinch a trade deal that would likely result in a 15% tariff on most EU goods, but end months of uncertainty for European Union companies. U.S. and EU negotiators huddled in final talks on tariffs facing crucial sectors like cars, steel, aluminium and pharmaceuticals before the meeting began at Trump's golf course in Turnberry, western Scotland. Trump, who had earlier played a round with his son, told reporters as he met von der Leyen that he wanted to correct a trading arrangement he said was "very unfair to the United States" and repeated his comments from Friday that the chances of a U.S-EU deal were 50-50, a view echoed by von der Leyen. "We have three or four sticking points I'd rather not get into. The main sticking point is fairness," he said insisting the EU had to open up to American products. Von der Leyen acknowledged there was a need for "rebalancing" EU-U.S. trade. "We have a surplus, the United States has a deficit and we have to rebalance it... we will make it more sustainable," she said. U.S. Commerce Secretary Howard Lutnick, who flew to Scotland on Saturday, told "Fox News Sunday" that the EU needed to open its markets for more U.S. exports to convince Trump to reduce a threatened 30% tariff rate that is due to kick in on August 1. "The question is, do they offer President Trump a good enough deal that is worth it for him to step off of the 30% tariffs that he set," Lutnick said, adding that the EU clearly wanted - and needed - to reach an agreement. A separate U.S. administration official was upbeat that a deal was possible. "We're cautiously optimistic that there will be a deal reached," the official said, speaking on condition of anonymity. "But it's not over till it's over." The EU deal would be a huge prize, given that the U.S. and EU are each other's largest trading partners by far and account for a third of global trade in goods and services. Ambassadors of EU governments, on a weekend trip to Greenland organised by the Danish presidency of the EU, held a teleconference with EU Commission officials on Sunday to agree on the amount of leeway von der Leyen would have. In case there is no deal and the U.S. imposes 30% tariffs from August 1, the EU has prepared counter-tariffs on 93 billion euros ($109 billion) of U.S. goods. EU diplomats have said a deal would likely include a broad 15% tariff on EU goods imported into the U.S., mirroring the U.S.-Japan trade deal, along with a 50% tariff on European steel and aluminium for which there could be export quotas. EU officials are hopeful that a 15% baseline tariff would also apply to cars, replacing the current 27.5% auto tariff. Some expect the 27-nation bloc may be able to secure exemptions from the 15% baseline tariff for its aerospace industry and for spirits, though probably not for wine. The EU could also pledge to buy more liquefied natural gas from the U.S., a long-standing offer, and boost investment in the United States. Trump told reporters there was "not a lot" of wiggle room on the 50% tariffs that the U.S. has on steel and aluminium imports, adding, "because if I do it for one, I have to do it for all." The U.S. president, in Scotland for a few days of golfing and bilateral meetings, said a deal with the EU should draw to a close discussions on tariffs, but also said pharmaceuticals, for which the United States is looking into new tariffs, would not be part of a deal. The EU now faces U.S. tariffs on more than 70% of its exports, with 50% on steel and aluminium, an extra 25% on cars and car parts on top of the existing 2.5% and a 10% levy on most other EU goods. EU officials have said a "no-deal" tariff rate of 30% would wipe out whole chunks of transatlantic commerce. A 15% tariff on most EU goods would remove uncertainty but would be seen by many in Europe as a poor outcome compared to the initial European ambition of a zero-for-zero tariff deal on all industrial goods. Seeking to learn from Japan, which secured a 15% baseline tariff with the U.S. in a deal almost a week ago, EU negotiators spoke to their Japanese counterparts in preparation for Sunday's meeting. For Trump, aiming to reorder the global economy and reduce decades-old U.S. trade deficits, a deal with the EU would be the biggest trade agreement, surpassing the $550 billion deal with Japan. So far, he has reeled in agreements with Britain, Japan, Indonesia and Vietnam, although his administration has failed to deliver on a promise of "90 deals in 90 days."
The Sun
an hour ago
- The Sun
Hated Sheffield Wednesday owner Dejphon Chansiri refusing to sell club for less than £100m in another huge blow
SHEFFIELD WEDNESDAY owner Dejphon Chansiri still wants a staggering £100m for the troubled club. The Owls are still in debt and face signing restrictions with a reduced squad. 1 Wednesday missed player pay days for two consecutive months in June and July. Earlier this month, SunSport reported that Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club. The extent of the cash woes emerged during takeover bids by several groups in the prior weeks. Earlier this month it was reported that US businessman Tilman Fertitta was in talks to buy the crisis club. Fertitta, 68, is the US ambassador for Italy and is an ally of Donald Trump. The businessman also owns the Houston Rockets in the NBA. Wednesday manager Danny Rohl initially did not show up for pre season amid the club's woes. The 36-year-old eventually returned but has had to work with a threadbare squad. The Owls beat Mansfield 2-0 in a training ground friendly yesterday. Club stalwarts Barry Bannan and Callum Paterson did not feature, despite having trained with the Owls in recent weeks. Both players have been out of contract since June 30. It remains to be seen whether Wednesday's sorry situation will have improved by their Championship opener against Leicester City on August 10.
Telegraph
an hour ago
- Telegraph
Why Liverpool could not refuse Bayern's £70m Luis Diaz offer
Liverpool have established new status as the Premier League's big spenders, but their latest transfer activity cements their reputation among the best salesmen in the business. The most prominent purchases will always grab the biggest headlines, but the money Liverpool have recouped in the Fenway Sports Group era will have passed the £1bn mark by the end of the current transfer window. Even 'Del Boy' would look at some of the trades the club has pulled off over the last 10 years and doff his flat cap. Luis Diaz's move to Bayern Munich for a fee of £70m was not top of the agenda heading into this summer, but was finally accepted because the German champions moved into offer-that-could-not-be-refused territory. The popular and hard-working Diaz leaves Anfield having proven the perfect FSG purchase – signed at the peak of his powers for just £37m and sold in his late 20s for nearly double the price. Bayern have committed to pay handsomely for a winger who will be in his early 30s once his contract ends – and not just in terms of the fee, Diaz's wages will be significantly higher in Bavaria than at Anfield. Had Liverpool been prepared to match the salary with the new contract Diaz and his representatives have been agitating for since 2023, this move would never have happened. The player first asked to leave in 2024, frustrated the pay rise he wanted was not forthcoming as two offers of another Anfield deal were rejected. FSG football CEO Michael Edwards and his executive team are uncompromising when it comes to establishing a player's value. When crunching the data, they simply believed better options were available for the conservatively estimated £10m-plus-a-year contract the Colombian wanted. And once Bayern's bids kept creeping up, privately Edwards and sporting director Richard Hughes knew the valuation they had in mind to convince them to sell was imminent. Excellent though he has been, Diaz has gone the same way as Liverpool legends such as Sadio Mane, Roberto Firmino and Georginio Wijnaldum, all of whom hoped for better deals before realising Edwards was unmoved by sentiment. Mane also moved to Bayern when, aged 30, Liverpool decided they could not keep paying him the same £20m-a-year salary as Mohamed Salah. Their analytics team had to predict which of the dynamic pair was most likely to maintain elite levels well into their 30s. Mane will always be regarded as one of the greatest of all Liverpool players, but it was obvious within a year the club had made the right call selling him for £35m. Bayern sold Mane to the Saudi Arabia Pro League for a £10m loss 12 months later. Selling Philippe Coutinho to Barcelona for £142m ranks as the most shrewd business of the modern era by any club, even if it was resisted at the time, but it is the cumulative impact of less high-profile sales which have enabled Liverpool to keep living within their means. In 2016 they received a combined £18m from Bournemouth for winger Jordon Ibe and full-back Brad Smith; in 2017 they were paid £4m by Hull City for Kevin Stewart (a deal which effectively took Andy Robertson in the opposite direction for just £3.5m), and convinced Crystal Palace to pay £26m for Mamadou Sakho; in 2018, Leicester City paid £12.5m for third-choice keeper Danny Ward, while a year later Danny Ings commanded an £18m fee from Southampton, while academy graduate Ryan Kent left for Rangers for £6.5m. And in 2020, Liverpool received nearly £30m by selling youngsters Rhian Brewster and Ki-Jana Hoever to Sheffield United and Wolverhampton Wanderers, respectively. These trends have continued over the last five years, maximum value accumulated while some of those who left Liverpool for big fees would unfortunately make a substantial 'where are they now?' feature. The record spending of the summer of 2025 is on course to be matched by a record amount recouped. As with other outgoings, a more rounded assessment on the merits of selling Diaz will be made in time. An instant assessment will be based on whether his replacement is as good or better. History shows Liverpool get far more right than wrong. If the business bible The Art of the Deal was ever recommissioned, it would be smarter if the publishers ignored Donald Trump and looked to Edwards, Hughes and FSG president Mike Gordon for their insights.
