The European Union Aviation Safety Agency issued a new alert on Thursday warning non-European carriers not to fly within western Russia airspace due to the risk of being unintentionally targeted by its air defence systems.

The European Union Aviation Safety Agency warned airlines to steer clear of several cities in Russia following the fatal crash of an Azerbaijan Airlines passenger jet that was likely shot down by Russian forces.

The European Union Aviation Safety Agency (EASA) has issued new safety recommendations concerning Russian airspace. According to the announcement, EASA advises against any flight operations, regardless of altitude,

Advertising company Clear Channel Outdoor said on Thursday it was selling the Europe-North section of its business to a subsidiary of Bauer Media Group for $625 million in cash as part of its strategy to focus more on the U.

Clear Channel Outdoor (NYSE:CCO) is selling its Europe-North segment to a subsidiary of Bauer Media Group in a $625M all-cash deal. The all-cash consideration represents a transaction multiple of ~6.5x Europe-North segment results for the twelve months ended Sept.