2022

By Allison Lampert MONTREAL (Reuters) – Canadian carriers are seeing a bounce in spring travel after a slump due to the spread of the Omicron coronavirus variant, with the country’s largest airport bracing for its busiest travel day since the onset of the pandemic this Friday. But just as COVID-19 shows signs of ebbing, surging…

By David Shepardson WASHINGTON (Reuters) – A proposed bill to fund the U.S. government’s operations through September would cut $2 billion from a COVID-19 program to boost aviation manufacturing and repair businesses. The U.S. House of Representatives is set to vote on the bill on Wednesday that redirects $15.6 billion in COVID-19 relief programs to other COVID…

By Valentina Za, Sinead Cruise and Iain Withers MILAN/LONDON (Reuters) -Italy’s UniCredit and France’s BNP Paribas were the latest banks to set out their Russian exposures, warning of billions of euros in potential costs from the financial fallout from Moscow’s invasion of Ukraine amid a wider sector rebound on Wednesday. Banks, insurers and asset managers…

By Rajesh Kumar Singh CHICAGO (Reuters) – When General Electric Co’s investors gather on Thursday, they will focus on a potential hit to company profits from persistent supply-chain and inflationary woes. The Boston-based industrial conglomerate last month warned that its profits would suffer in the first half of this year from supply and labor issues….

By Shariq Khan BENGALURU (Reuters) -Oil slid over 7% on Wednesday after reports that the United Arab Emirates will call on fellow OPEC members to boost production, potentially easing some of the supply concerns caused by sanctions on Russia after its invasion of Ukraine. Oil was already pulling back earlier in the session from a…

By Francesco Guarascio and Gabriela Baczynska PARIS/BRUSSELS (Reuters) -The European Union announced fresh sanctions against Russia and its ally Belarus on Wednesday but EU leaders are set to rebuff Kyiv’s appeal for accelerated membership of the bloc when they meet on Thursday to discuss Russia’s war in Ukraine. The 27-nation EU blacklisted 14 more oligarchs…

By Sruthi Shankar, Bansari Mayur Kamdar and Susan Mathew (Reuters) – German shares vaulted almost 8% to lead strong gains across European stocks markets on Wednesday, as investors picked up beaten-down stocks following a rout sparked by fears about the fallout from the Ukraine crisis. Italian and French shares jumped around 7% each, while the…

By Sabrina Valle and Arathy Somasekhar HOUSTON (Reuters) – Developing countries should not have to target renewable energy sources and turn away from fossil fuels, Nigerian and Equatorial Guinea energy officials said on Wednesday, joining other emerging oil-producing nations reluctant to embrace the global energy transition trend. Some 900 million people in the world, most…

By Selena Li and Carolyn Cohn HONG KONG/LONDON (Reuters) -Prudential PLC notched up a 16% rise in 2021 operating profit after it strengthened its focus on Asia, though it warned of implications for global markets and the economy from Russia’s invasion of Ukraine. Uncertainties triggered by the crisis in Ukraine have prompted insurers to review…