Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. The company said Wednesday that it will increase the amount of liability coverage for hosts, up to $3 million, in a play for owners of nicer houses in high-cost…
BELGRADE, Serbia (AP) — Austria, Hungary and Serbia on Wednesday held another top-level meeting dedicated to curbing migration, including by sending more than 100 police officers, vehicles equipped with night vision cameras and drones to the border with North Macedonia. Austria and Hungary also pledged to help Serbia organize deportations by plane of people who…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar weakened on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. Stocks in Europe pared overnight losses in Asia after Poland’s president…
WILMINGTON, Del. (AP) — Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk denied that he dictated terms of the compensation package or attended any meetings…
WASHINGTON (Reuters) – United Airlines said Wednesday it expects to carry 5.5 million passengers during the Thanksgiving travel period, up about 12% over 2021. The U.S. carrier will operate more than 3,700 flights per day on average during the Nov. 18-30 period. United forecasts it will carry about as many passengers over the holiday as…
FRANKFURT, Germany (AP) — The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia’s war in Ukraine have raised risks for bank losses and turmoil on financial markets. “People and firms are already feeling…
(Reuters) – Canada’s commodity-inclined stock index fell at open as oil prices declined and data showed Canada’s annual inflation reading remained unchanged. The Toronto Stock Exchange’s blue-chip composite index fell 65.81 points, or 0.33%, to 19,928.97 at open, after closing higher in the previous session. (Reporting by Johann M Cherian in Bengaluru; Editing by Shinjini…
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October, boosted by purchases of motor vehicles and a range of other goods, suggesting that consumer spending could help to underpin the economy in the fourth quarter. The Commerce Department said on Wednesday that retail sales rose 1.3% last month. Data for September was…
LONDON (AP) — Britain faces major security threats from the trio of Russia, China and Iran, which all use coercion, intimidation and violence to pursue their interests, the U.K.’s domestic intelligence spy chief said Wednesday. Ken McCallum, director-general of MI5, added to mounting warnings from British authorities about Russia’s aggression and China’s growing assertiveness. He…
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg said Wednesday that a blast in Poland that killed two people was probably not an attack by Russia, but rather caused by a Ukrainian air defense system meant to counter a Russian aerial bombardment. The two were killed on Tuesday when a missile came down in Polish farmland…
