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…
NEW YORK (AP) — Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder lawsuit challenging a compensation package he…
WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales rose 1.3% in October from September, up from a flat reading in September…
(Reuters) – TJX Cos Inc raised annual same-store sales forecast on Wednesday, as inflation-hit consumers turn to the discount store for affordable clothing and home decor items ahead of the crucial holiday season. Lower-income consumers have shown a preference for shopping at stores that offer products at cheaper prices as the United States stares at…
KYIV, Ukraine (AP) — The orders came from on high, from Ukraine’s president and one of his ministers: Get trains running again to the latest city newly retaken by our troops. “So literally: tanks, then trains,” said Ukrainian rail network boss Oleksandr Kamyshin, recalling the presidential instructions he received as the southern city of Kherson…
