BERLIN (AP) — An aviation industry group representing most major airlines criticized the European Union’s Parliament on Thursday for seeking to expand its emissions trading system to all flights departing the bloc. EU lawmakers voted Wednesday that existing requirements for airlines to buy credits for the greenhouse gas emissions that their flights produce should be…
By Marwa Rashad LONDON (Reuters – An at least three-week shutdown at Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), is expected to delay cargoes to Europe, further stressing the continent’s drive to phase out Russian gas. The outage at the plant, which provides around 20% of…
SAN FRANCISCO (AP) — The test couldn’t have been much easier — and Facebook still failed. Facebook and its parent company Meta flopped once again in a test of how well they could detect obviously violent hate speech in advertisements submitted to the platform by the nonprofit groups Global Witness and Foxglove. The hateful messages…
By Devik Jain and Mehnaz Yasmin (Reuters) – Wall Street’s main indexes fell in choppy trading on Thursday, as growth and bank stocks slipped amid weaker risk appetite ahead of a closely watched inflation report this week. Nine of the 11 major S&P sectors traded lower, with energy, financials and materials down 1% each. Consumer…
By Diane Bartz WASHINGTON (Reuters) – A U.S. judge said on Thursday that the U.S. Justice Department’s antitrust lawsuit against American Airlines Group Inc and JetBlue Airways Corp would go forward. A trial in the case has been set for Sept. 26. In its lawsuit filed in September in Boston, the government asked Judge Leo…
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) -The International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on Thursday, following moves by the World Bank and Organization for Economic Co-operation and Development (OECD) to cut their own forecasts this week. That…
WARSAW, Poland (AP) — Poland’s prime minister vowed Thursday to support higher production at the nation’s coal mines in order to bring down heating and energy prices that have soared amid the war in neighbouring Ukraine and the European Union’s efforts to reduce its dependency on Russian energy sources. However, the pledge that Prime Minister…
DALLAS (AP) — The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on the wallets of consumers who are paying more for many other essentials too. AAA said the nationwide average for regular on Thursday was $4.97 a gallon, up a quarter in just the last week…
DETROIT (AP) — Teslas with partially automated driving systems are a step closer to being recalled after the U.S. elevated its investigation into a series of collisions with parked emergency vehicles or trucks with warning signs. The National Highway Traffic Safety Administration said Thursday that it is upgrading the Tesla probe to an engineering analysis,…
By Pete Schroeder WASHINGTON (Reuters) – A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust. In a letter obtained by Reuters, Senator Pat Toomey told Kansas City Fed President Esther…
