Flash Briefing: CR trying to charm Eskom unions; Airbus pulls plug on A380; Amazon abandons NYC; AliBaba buys big in UK

In today’s global business headlines… Within three years European aircraft builder Airbus is to abandon its $16bn project which produces the A380, the world’s biggest plane. Amazon CEO Jeff Bezos’s February got even worse yesterday when his group buckled to political resistance and dropped plans to build a new HQ in New York City. Chinese internet giant Alibaba’s financial services arm is to acquire UK-based money transfer company WorldFirst for $640m. In South African related news, president Cyril Ramaphosa has launched a charm offensive on Eskom’s trade unions, promising that the electricity utility’s proposed three way split is not the precursor to privatisation.