LONDON (AP) — British Airways said Tuesday that it’s suspending sales of short-haul flights from London’s Heathrow Airport, a response to the airport’s request to limit bookings to help ease travel disruptions caused by booming demand and staff shortages. The suspension applies to new bookings for domestic U.K. and European destinations departing from Heathrow, Britain’s…
WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates. Job openings fell to a still-high 10.7 million in June from 11.3 million in May, the Labor Department said Tuesday. Job openings, which never exceeded 8 million in a month before last year,…
DUBAI (Reuters) – Saudi Arabia has set up an agency to promote investment in the country, a key goal of an ambitious economic reform agenda, the investment minister and state media said on Twitter, citing a cabinet decision. The Saudi Investment Promotion Authority “will be a strong supporter of the investment system in its quest…
MILAN (Reuters) – Italy’s communication authority said on Tuesday it had fined tech giant Google, owned by parent company Alphabet, 750,000 euros ($766,350) for allegedly breaching a ban on gambling advertising on its YouTube video platform. Italy’s AGCOM said in a statement that it had also fined TOP ADS, the creator of the advertisement content,…
By Selena Li and Anshuman Daga HONG KONG/SINGAPORE (Reuters) – A day after rebuffing a break-up plan by its top investor, HSBC fielded questions from disgruntled retail investors on Tuesday and its executives defended their strategy to operate as a global bank at its first meeting in Hong Kong in three years. The London-headquartered lender…
(Reuters) – Marathon Petroleum smashed quarterly profit estimates on Tuesday, the latest U.S. refiner to benefit from a surge in fuel prices sparked by tight capacity and low inventories. The company’s refining and marketing margins tripled to $37.54 per barrel in the April-June quarter, mirroring similar gains at rivals such as Phillips 66 and sending…
DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter and topped most profit expectations, though margins slipped. The manufacturer on Tuesday posted a quarterly profit of $1.67 billion, or $3.13. Per share earnings were $3.18 without one-time costs or benefits, which is 18 cents better than Wall Street had expected, according to a survey…
TOKYO (AP) — The United States is working with Japan and other likeminded countries to counter China’s efforts to use its economic might to force political change around the world, the U.S. ambassador to Japan said Tuesday in an interview with The Associated Press. Rahm Emanuel, who was previously mayor of Chicago and chief of…
TOKYO (AP) — Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a hastily called news conference and apologized to customers and other stakeholders. “I am so deeply…
Uber’s effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments. Looking past Uber’s second-quarter loss of $2.6 billion announced Tuesday, Wall Street celebrated a significant milestone that raised hopes…
