DALLAS (AP) — American Airlines lost $931 million in the fourth quarter and the incoming CEO said Thursday that the surge in COVID-19 will delay the airline’s recovery by two or three months. First-quarter revenue is expected to be down about 20% to 22% compared with the first quarter of 2019, and it will fly…
(Reuters) -Union Pacific Corp reported a 23.9% rise in quarterly profit on Thursday, as the company shipped more industrial chemicals, metals and forest products. The Omaha, Nebraska-based rail operator benefited from rising shipments ahead of the holiday season as an increase in industrial activity resulted in more companies shipping out products to consumers. Union Pacific’s…
By Rowena Edwards and Ahmad Ghaddar London (Reuters) -Oil slipped on Thursday on indications of rising U.S. stocks and as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014. Brent crude futures were down 45 cents, or 0.5%, at…
LONDON (AP) — A lawmaker from Britain’s governing Conservatives accused the government on Thursday of blackmailing opponents of Prime Minister Boris Johnson, as the party’s internal rifts over its beleaguered leader deepened. William Wragg, a Conservative member of Parliament, said legislators calling for a challenge to Johnson’s leadership have faced “intimidation,” and urged them to…
(Reuters) -Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment. Oil prices surged more than 50% last year on hopes of a global economic recovery from the COVID-19 pandemic and as OPEC+…
DUESSELDORF (Reuters) – German logistics company Deutsche Post DHL does not expect freight costs to ease this year and is advising customers to agree longer-term contracts as a hedge, the head of the DHL freight business said in an interview. “The short-term rate will rise a little in air and ocean freight, the long-term rate…
LONDON (AP) — Online companies would have to ramp up efforts to keep harmful content off their platforms and take other steps to protect users under rules that European Union lawmakers approved Thursday. The 27-nation bloc has gained a reputation as a trendsetter in the growing global push to rein in big tech companies facing…
LONDON (Reuters) -The dollar dipped on Thursday as this week’s rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth. The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar was lifted…
BERLIN (AP) — Germany’s health minister expects the number of coronavirus infections in the country to keep rising for several weeks before peaking next month. Karl Lauterbach told German public broadcaster ZDF late Wednesday that “the wave will reach its peak roughly in mid-February.” Lauterbach warned that while hospitalization rates are currently low, clinics could…
MOSCOW (AP) — Russia on Thursday announced sweeping naval drills in several parts of the world this month, and claimed the West is plotting “provocations” in neighboring Ukraine where the Kremlin has been accused of planning aggressive military action. Amid a buildup of an estimated 100,000 Russian troops near the border with Ukraine and massive…
