(Reuters) -Canadian Pacific Railway Ltd and union Teamsters Canada Rail Conference have agreed to a binding arbitration over a labour dispute, allowing for operations to resume from Tuesday at the country’s second-largest railroad. The company halted operations and locked its workers out early on Sunday, sparking calls for a quick negotiated end to the work…
By Brenda Goh and Stella Qiu SHANGHAI (Reuters) – China Eastern Airlines faces deepening losses and closer regulatory scrutiny following the crash of a Boeing 737-800 jet on Monday with 132 people on board. Rescuers on Tuesday scoured heavily forested slopes for survivors and data recorders from flight MU5735, which crashed a day earlier in…
LONDON (AP) — A U.K. ferry operator owned by the government of Dubai faces a Tuesday deadline to explain why it fired 800 workers without notice, while British authorities say they may seek criminal penalties if the company is found to have acted illegally. P&O Ferries fired the crew members over a Zoom call last…
By Ross Kerber BOSTON (Reuters) – Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related risks and emissions, saying it would standardize reports that now are voluntary and vary widely in quality and breadth. The investors said the U.S. Securities and Exchange Commission’s draft…
BERLIN (AP) — A strike on Tuesday by security staff at eight German airports — among them Frankfurt, a major intercontinental hub — led to widespread disruption and flight cancellations. The ver.di union called the all-day strike at Frankfurt, Germany’s busiest airport, as well as Berlin, Bremen, Hamburg, Hannover, Stuttgart, Duesseldorf and Cologne-Bonn, before a…
By Elizabeth Howcroft LONDON (Reuters) – European stock indexes opened slightly higher on Tuesday, while U.S. and European government bond yields rose to new multiyear highs as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. Fed Chair Jerome Powell said that the central bank could move “more aggressively”…
PRAGUE (Reuters) – The war in Ukraine and supply bottlenecks will put a significant burden on Skoda Auto’s operating business in 2022, the Czech carmaker said on Tuesday, although it expects the supply of semiconductors to improve in the second half of the year. The carmaker, part of the Volkswagen Group and the Czech Republic’s…
DUBAI, United Arab Emirates (AP) — Yemen’s Iran-backed Houthi rebels this week struck the same oil storage tank in the Saudi Arabian city of Jiddah they had previously hit a year and a half ago, satellite photos showed Tuesday. Satellite photos by Planet Labs PBC, analyzed by The Associated Press, show the damage on Sunday…
(Reuters) – European shares rose on Tuesday, buoyed by energy stocks extending a rally on the back of higher oil prices and gains for banks following hawkish comments from the U.S. Federal Reserve chair. The pan-European STOXX 600 edged up 0.2% after a lacklustre start to the week. The European oil & gas sector index…
A look at the day ahead in markets from Sujata Rao A JPMorgan survey shows a record high 86% of its clients planned to raise equity exposure. It is unclear if those plans will have come unstuck after the latest spurt in oil and commodity, and galloping inflation expectations. The bank itself is warning central…
