"We're very clear on all three fronts he breached the guidelines. And that has been a difficulty in terms of confidence."

The Irish prime minister Micheál Martin is only two months into the job of Taoiseach since agreeing to share power with Leo Varadkar in June. He won't be happy his first major job is to put out the fire caused by Irish European Commissioner Phil Hogan. As you can see above, Dublin is certain the rules were broken and is leaning on the trade envoy to resign. 

In happier European news, the German Kurzarbeit workers support system has been extended to the end of next year, and in Paris prime minister Castex revealed an extra $2.4 billion for the ailing arts and culture sector.  

Sticking with the arts, the UK's Secret Cinema firm has struck a deal with global streaming behemoth Netflix to stage a drive-in Stranger Things event in LA.  

And in even more cinematic news, the Christopher Nolan film Tenet is launched in 70 countries today – and is seen by Warner Brothers and others as the great hope to get bums back on seats.  

Finally, you may have seen the story today on 50,000 Scottish salmon escaping from a fish farm. I took the bait, and have dug through the files to find some of the largest escapes from Scottish fish farms (or aquaculture, to give the sector its preferred name) since the turn of the century.. Scroll to the bottom to find out more.  
 

Happy reading,  
Patrick Atack 
Digital business correspondent  

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U.S. asset management firm Vanguard Group – which is currently looking after at least $6 trillion of investments – said it will relocate its ASEAN base from Hong Kong to Shanghai. It expects to make some redundancies and will also close its marketing base in Japan. 

Controversial former Australian prime minister Tony Abbott, who is a renowned climate change skeptic and has been called "misogynist" by opposition lawmakers, is set to be a senior UK trade envoy. He is reportedly likely to sit on a board at the Department of International Trade in London. 

Turkey's President Erdogan has aimed harsh words at France and Greece after the former sent its navy to participate in drills in the eastern Mediterranean amid a row over drilling for hydrocarbons. "Just as we do not covet anyone else's territory, sovereignty or interests, we will never make concessions on what belongs to us," the Turkish leader said. 

In the U.S., the Republican National Convention is taking place – and President Trump and his team are keen to express the "tough-on-trade" approach, with speakers referencing new tariffs on imports and the Phase One China-U.S. trade deal. 

Seniors have been warned to take care with their savings by the UK Financial Conduct Authority and Pensions Regulator, as the bodies revealed $36 million lost to scammers in the past three years. However as most frauds of pensioners are investment scams, the real total is unknown as it may take an individual years to realize their investments are being stolen.

Princess Cruises, owned by Carnival Corp, has cancelled the early 2021 trips on two of its vessels due to travel and port restrictions following the pandemic outbreak. Another of Carnival's brands, Cunard, said it has suspended trips from November to at least May 2021. 

The U.S. Justice Department charged Teva Pharmaceutical Industries with price fixing, as it was found to have conspired with competitors to raise prices for generic drugs. Teva said it "firmly rejects the allegations." The charges accuse Teva of agreeing with Glenmark and Apotex to increase the price of cholesterol-lowering drug pravastatin.

UK-based immersive cinema "experience" company Secret Cinema has partnered with streaming and production house Netflix to put on its first U.S. event. The first event will be a drive-in screening of Stranger Things in a disused car park, at which 26 cars will be able to view the popular sci-fi show on large screens, as parts of the drama are acted out around the stationary cars. 

$2.4 billion will be made available for the French culture sector, which like many others around the world has been put on pause by the pandemic. Prime minister Jean Castex made the announcement a week before the full $100 million recovery program will be released. 

Cinemas around Europe begin showing the Warner Brothers and Christopher Nolan film Tenet on Wednesday, in what has been trailed as a return to normality for the continent's battered film sector. It will be released in 70 nations before reaching the lucrative U.S. market next month. The British director described the spy thriller as "like James Bond on steroids."

Yesterday, Virgin Atlantic won the support of its creditors – the airline, owned by Sir Richard Branson's Virgin Group and US airline Delta, owes around 200 suppliers at least $65,000 each. CGTN Europe spoke to Phil Seymore, the president of the International Bureau of Aviation. 

The airline says it received 99 percent support. Did the companies owed money by Virgin realistically have any choice in their vote?  

I suppose technically they did have a choice. But in reality, they were really faced with a plan that appears to be well put together.

$1.6 billion is a huge amount of support. Is it enough? 

There'll be at least a million dollars per month in financing or lease rentals. So I think their fleet is looking just below about 36 aircraft going into next year. So, every month just to lease the aircraft is nearly $40 million. 

It's obviously a significant amount of money. But the cash burn for airlines is significant.  

The UK government refused to bail out Virgin Atlantic earlier this year. Could it be asked again to intervene?

The UK government doesn't really like to support airlines. So I think it's going to be one of those where the shareholders and new investors are going to be lent on in the future rather than the government.