NEW YORK (AP) — Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes. On Thursday, the U.S. government is set to announce how big a percentage increase Social Security beneficiaries will see in monthly payments this upcoming year. It’s virtually certain to be the largest…
SANTIAGO (Reuters) – LATAM Airlines detailed a financing plan on Wednesday that the company hopes will finalize its exit from bankruptcy in the first week of November. The company filed for Chapter 11 in 2020 after airline travel plummeted during the pandemic and won court approval that June. The reorganization plan would inject about $8…
WASHINGTON (AP) — Most pets hate visiting the vet. Now it’s becoming a lot more unpleasant for their owners, too. America’s worst bout of inflation in four decades has swollen the cost of your dog or cat’s visit to the animal doctor. Prices for vet services have jumped 10% in the past year, government data…
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – BASF is to reduce annual costs by 500 million euros ($485 million) in Europe up to 2024, including job cuts, as the German chemicals group took a 740 million euro writedown linked to the Nord Stream 1 pipeline. The company said in an unscheduled statement on…
WASHINGTON (AP) — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels. Wednesday’s report from the Labor Department also showed that the producer price index — which measures price changes before they reach the consumer — rose 0.4% in September…
(Reuters) -Blackstone Inc signed a partnership deal to manage certain investments for Resolution Life and has agreed to invest $500 million in the life insurance group, the companies said on Wednesday. The asset manager has been executing a similar playbook in recent years, looking to boost its assets under management (AUM) by adding insurance investments…
DALLAS (AP) — Buoyed by full planes across the Atlantic this summer, United Airlines is planning another increase in its summer service from the United States to Europe next year. United said Wednesday that it will resume seasonal flights from Newark, New Jersey, to Stockholm, which it dropped in 2019, and launch new summer service…
BERLIN (AP) — The German government on Wednesday slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies. The Economy Ministry said it expects Germany’s gross domestic product to grow…
BERLIN (AP) — A senior German state official announced his resignation Wednesday amid questions over his management of deadly floods that hit his region last year. Roger Lewentz, the interior minister of the western state of Rhineland-Palatinate for the past 11 years, said he was “taking the political responsibility for mistakes that were made in…
MOSCOW (AP) — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea — an offer quickly rejected by Berlin. German officials have said Russia halted supplies through the Nord Stream 1 as a political…
