By Anne Kauranen, Tim Hepher and Rajesh Kumar Singh HELSINKI/PARIS/CHICAGO (Reuters) -Airlines are bracing for potentially lengthy blockages of key east-west flight corridors after the European Union and Moscow issued tit-for-tat airspace bans and Washington did not rule out similar action in response to Russia’s invasion of Ukraine. Industry officials say the Biden administration would…
DETROIT (AP) — General Motors said Monday that Kyle Vogt will take over as CEO of its Cruise autonomous vehicle subsidiary, a company he helped found in 2013. A GM representative confirmed what Vogt posted on Twitter, that he had “once again” accepted the job as CEO of Cruise. He replaces Dan Ammann. The Detroit…
By Jonathan Stempel NEW YORK (Reuters) – Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December. According to a complaint filed in a New York state court in Manhattan, Tiffany hired an underqualified junior manager away to…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Monday it is expanding the use of independent safety expert groups when certifying commercial aircraft. The FAA said it is expanding use of Technical Advisory Boards (TAB) to help ensure it has a “consistent and thorough approach for all aircraft certification projects.” The…
By Susan Heavey and Alex Lawler WASHINGTON/LONDON (Reuters) -The United States and its allies are weighing a coordinated release of oil reserves amid soaring prices and tightening supplies after Russia invaded Ukraine, an OPEC+ source and a senior industry source told Reuters. Oil prices have hit their highest since 2014 following the invasion and after…
BALTIMORE (Reuters) – The United States is watching Monday’s vote on a new union at Mexico’s Tridonex auto parts plant very closely, U.S. Trade Representative Katherine Tai told reporters, saying the United States had an “outsized interest” in the matter. “We’re watching that vote extremely closely,” Tai said after an event at Morgan State University…
By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -The Russian ruble hit record lows on Monday while world stocks slid and oil prices jumped after the West ramped up sanctions against Moscow over its invasion of Ukraine, including blocking Russian banks from the SWIFT global payments system. Russia’s central bank hiked its key interest…
DETROIT (AP) — Labor unions and worker advocates have applauded President Joe Biden’s nomination of Judge Ketanji Brown Jackson for the Supreme Court. Yet a look back at Jackson’s decisions in cases involving business and labor suggest that she won’t always rule as they want or expect her to. Though Jackson is widely seen as…
BERLIN (AP) — Germany’s vice chancellor is traveling to Washington for talks with U.S. officials that will focus on energy security and the need to ramp up renewable energy supplies in the wake of Russia’s attack on Ukraine. Germany gets a large share of its energy from Russia in the form of coal, oil and…
By Devik Jain and Noel Randewich (Reuters) – The S&P 500 ended lower in volatile trading on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion of Ukraine. Citigroup fell and weighed on the S&P 500 banks index as the U.S. 10-year Treasury…
