By Jan Strupczewski and Jason Hovet PRAGUE (Reuters) – The European Commission will present in the second half of October proposed changes to European Union fiscal rules that are likely to offer countries individual debt reduction paths, Commission Vice President Valdis Dombrovskis said on Saturday. At a news conference after EU finance ministers held talks…
LONDON (Reuters) – Aer Lingus confirmed on Saturday that connection problems in its reservation systems were impacting check-in and boarding processes at Dublin Airport. “This may cause some delay and disruption to our services over the coming hours. We apologise to our customers for any inconvenience caused in this period. We are working to resolve the…
HAIPHONG, Vietnam (Reuters) – Vietnamese carmaker VinFast on Saturday began handing its first batch of 100 all-electric sport utility vehicles (SUVs) to local customers, with U.S. deliveries of the vehicle due to begin as soon as December. VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes…
By Maria Ponnezhath and Lisa Baertlein LOS ANGELES (Reuters) -Major U.S. freight railroads said on Friday they were preparing for a possible strike and service disruption a week before a deadline in protracted labor talks. BNSF, owned by Berkshire Hathaway, and CSX said they were taking necessary steps to secure the shipments of hazardous and…
(Reuters) – Cathay Pacific Airways Ltd said it would gradually increase flying capacity in the coming months after the Hong Kong government on Friday lifted rules requiring passenger crew to quarantine in a hotel for three days on return to the city. The onerous crew quarantine rules had made rostering difficult and were a major…
By David Randall NEW YORK (Reuters) – As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors worry that so-called quantitative tightening may weigh on the economy and make this year even more brutal for stocks and bonds. After roughly doubling its balance sheet to $9 trillion after the pandemic,…
By Tatiana Bautzer and Rafaella Barros SAO PAULO/RIO DE JANEIRO (Reuters) -Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday. Petrobras has selected Yara’s bid and the deal now needs to…
By Joey Roulette WASHINGTON (Reuters) -SpaceX on Friday challenged the U.S. Federal Communications Commission’s (FCC) decision to deny the space company’s satellite internet unit $885.5 million in rural broadband subsidies, calling the move “flawed” and “grossly unfair,” in a regulatory filing. The FCC last month turned down applications from billionaire Elon Musk’s SpaceX and LTD…
(Reuters) – Bankrupt Scandinavian airline SAS AB on Friday said it has received U.S. court approval for $700 million of debtor-in-possession (DIP) financing from funds managed by private equity firm Apollo Global Management. The approved credit agreement is a part of the airline’s bankruptcy protection process and its terms will be substantially similar to those…
Two leading House Democrats are asking for a federal investigation into whether airlines used any of the $54 billion they received in government pandemic relief to pay employees to quit. The lawmakers said Friday that buyouts to employees made a pilot shortage worse and contributed to widespread flight delays and cancellations that have ruined travel…
