That's why it's no surprise that Cree's newest flagship bulb, a 60-watt replacement LED that sells in a two-pack at Home Depot for about $8, is its most affordable yet. Cree got there by borrowing a page from the bargain bulb playbook and going with a cheaper, less distinctive design, but fortunately, the performance is still solid. In my tests, the bulb was brighter than advertised and quite good at dimming, too. Most reassuring of all, it still comes with Cree's category-leading 10-year warranty.
LISBON, May 26 (Reuters) - Ryanair's relations with Portugal will suffer because of the Irish airline's campaign to try to block state aid for struggling Portuguese rival TAP, Portugal's infrastructure ministry warned on Wednesday.
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"Due to systematic hostile attacks on TAP, Ryanair should not expect an attitude of cooperation," the ministry said in a strongly worded statement after minister Pedro Nuno Santos met Ryanair CEO Michael O'Leary earlier in the day.
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If Brussels rejects Lisbon's restructuring plan for TAP, which involves a proposed 2,000 job cuts by 2022 and Situs Slot pay cuts of up to 25%, TAP would have to immediately repay the rescue loan, which could lead to its insolvency.
Originally a manufacturer of LED components, Cree first caught my attention back in 2014 after the North Carolina-based company started selling light bulbs of its own. That first generation of Cree LEDs performed well in our tests and didn't cost as much as the competition. But that was then -- these days, most of the competition has caught up to Cree's low-cost strategy, and some have even surpassed it.
Last week, the European Union's second-highest court upheld Ryanair's fight against a 1.2 billion euro ($1.5 billion) rescue loan TAP received in 2020 from the state, with the European Commission's blessing, on the grounds that the Commission failed to justify the huge cash injection.
"Market conditions also make it difficult to predict how demand will develop ahead of the important summer season given that customers are increasingly choosing to book their trips on short notice," SAS said in a statement.
"It is clear to everyone that Ryanair is trying to take advantage of a difficult situation caused by a pandemic to attack a group of European companies of central importance for several (EU) member states," the ministry said.
SAS, which is due to report second-quarter earnings on Thursday, completed a capital raising in late 2020 after a year of deep losses. ($1 = 8.3100 Swedish crowns) (Reporting by Helena Soderpalm and Johan Ahlander; Editing by Elaine Hardcastle and Alexander Smith)
"It is still the Government's position that SAS is important for Denmark's accessibility, Danish jobs, companies and the Danish economy in general," the Danish government said, adding that SAS had been hard-hit by the pandemic.
STOCKHOLM, May 26 (Reuters) - Sweden and Denmark said on Wednesday they had agreed to offer ailing airline SAS, in which both countries own stakes, a 3 billion Swedish crown ($361 million) loan guarantee.