(Reuters) – Major U.S. airlines have agreed to update computer systems by the end of 2024 to allow travelers to purchase tickets with an X gender marker, an airline trade group confirmed on Friday. Senator Ron Wyden, in a letter to Airlines for America that was seen by Reuters, said member airlines committed to the…
BEIJING/SYDNEY (Reuters) -China’s “Big Three” state airlines pledged on Friday to buy a total of almost 300 Airbus jets, the biggest order by Chinese carriers since the start of the COVID-19 pandemic and a breakthrough for Europe as Boeing remains partially frozen out of China. In apparently coordinated announcements, Air China and China Southern Airlines…
SANTIAGO (Reuters) -Chile’s finance minister, Mario Marcel, on Friday introduced a tax reform bill that increases copper mining royalties on companies that produce more than 50,000 tonnes a year and raises taxes on high-income earners to fund the government’s proposed social programs and reforms. Chile is the world’s top copper producer and is home to…
LONDON (Reuters) – Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises, delivering their biggest policy tightening moves in two decades. June saw the U.S. Federal Reserve upping rates by 75 basis points and the Swiss National Bank surprise with a half-point hike. That means the Bank…
By Abhijith Ganapavaram (Reuters) -General Motors Co surpassed Toyota Motor Corp in second-quarter U.S. car sales, data on Friday showed, even as persistent chip shortages and supply-chain disruptions crimped automakers’ ability to meet pent-up demand. GM, which lost its crown as the U.S. sales leader last year for the first time since 1931 to Toyota,…
The July Fourth holiday weekend is off to a booming start with airport crowds crushing the numbers seen in 2019, before the pandemic. Travelers across the United States experienced hundreds of canceled flights and a few thousand delays on Friday, much as they did earlier this week. Patricia Carreno arrived with friends at Los Angeles…
DETROIT (AP) — The global shortage of computer chips and other parts forced General Motors to build 95,000 vehicles without certain components during the second quarter. The Detroit automaker said in a regulatory filing Friday that most of the incomplete vehicles were built in June, and that it expects most of them to be finished…
By Iain Withers LONDON (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian dollar tumbling to a two-year low. Rampant inflation and a rush by central banks to raise interest rates and stem the flow of cheap money has fuelled sell-offs…
SILVER SPRING, Md. (AP) — The potential sale of the Kohl’s department store chain has fallen apart in a shaky retail environment of rising inflation and consumer anxiety. Kohl’s entered exclusive talks early this month with Franchise Group, the owner of Vitamin Shop and other retail outlets, for a deal potentially worth about $8 billion….
By Marc Jones LONDON (Reuters) – The second half of the year started with more volatility for global stocks on Friday, as recession concerns that have built in recent weeks also pulled metals and commodity currencies lower again. MSCI’s world stocks index has had its worst start to a year since its 1990 creation over…
