WASHINGTON (Reuters) – Employee unions say they warned Southwest Airlines Co. management for years that its technological systems badly needed upgrades, as the low-cost carrier canceled thousands of flights during the busy holiday travel crunch. A massive winter storm that swept over the United States before the Christmas holiday weekend forced U.S. airlines to cancel…
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm BC Partners said on Thursday it has agreed to acquire a majority stake in Madison Logic, a provider of business-to-business digital marketing services. Terms of the deal were not disclosed, but a person familiar with the matter told Reuters the transaction valued Madison Logic at…
MILAN (Reuters) – Italy will work to exit the capital of bailed-out lender Monte dei Paschi di Siena with a view to creating a banking landscape with several large groups, Prime Minister Giorgia Meloni said on Thursday. Meloni said Monte dei Paschi had been “very badly handled” by previous governments leading to taxpayers spending billions…
(Reuters) – The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000…
By Lisa Baertlein (Reuters) – The United States will introduce incentives on Jan. 1 for delivery firms and other companies to switch to electric trucks as part of a broad push to get polluting, workhorse vehicles off roads and out of neighborhoods. The first-of-its-kind incentives, established under President Joe Biden’s Inflation Reduction Act (IRA), will…
By Rowena Edwards LONDON (Reuters) -Oil prices fell by over 2% on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell $1.67, or 2.01%, to $81.59 a barrel by 0953 GMT. The more active March contract fell…
BERLIN (Reuters) – German exporters have modest hopes for next year, anticipating problems at major customers in China because of climbing COVID infections and rising prices making U.S. buyers cautious, the Federation of German Wholesale and Foreign Trade (BGA) said. The United States and China are Germany’s most important trading partners. “There will be no…
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell 79 cents, or 1.0%, to $82.47 a barrel by 0730 GMT, while U.S. crude fell 80 cents, or 1.0%,…
MOSCOW (Reuters) – The Russian rouble slumped to an eight-month low against the dollar on Thursday, struggling under the weight of expectations that sanctions on Russian oil and gas may limit the country’s export revenues. At 0654 GMT, the rouble was 0.6% weaker against the dollar at 72.60, earlier touching 72.6775, its weakest point since…
By Yuka Obayashi TOKYO (Reuters) – Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships travelling in Russian waters from Jan. 1. Having joined other G7 countries in imposing sweeping sanctions…
