Russia's Transaero says it will avoid Ukrainian airspace

MOSCOW, July 17 Thu Jul 17, 2014 1:18pm EDT

MOSCOW, July 17 (Reuters) - Russian airline Transaero said on Thursday it would avoid using Ukrainian airspace following the crash of a passenger airliner in eastern Ukraine.

"The airline Transaero decided to carry out all flights from this moment through third countries, avoiding the airspace of Ukraine," the company said in a statement, adding that flights had already been avoiding eastern Ukrainian territories. (Reporting by Gleb Stolyarov, Writing by Thomas Grove, Editing by Timothy Heritage)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.