Emirates boss forecasts resilient demand, no hit from new airlines

By Yousef Saba and Lisa Barrington DUBAI (Reuters) – Emirates Airline President Tim Clark said on Tuesday that new Saudi airlines and the expansion of regional competitors will not affect the Dubai-based carrier, adding that he sees resilient demand, especially for leisure travel. A number of Emirates’ competitors, such as Air India and Saudia, have…

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German finance minister rejects industrial power price plan -Handelsblatt

BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such a move would be “economically unwise” and it would contradict market principles to rely on direct state aid as a means to achieve industrial transformation, he wrote in a guest…

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Hedge funds bet consumers will rein in U.S. spending – Goldman Sachs

By Nell Mackenzie LONDON (Reuters) – Global hedge funds’ bearish positions reached year highs in April, largely aimed at companies selling non-essential consumer products, in a bet that harsher economic times will curtail excess spending, said a Goldman Sachs note on Monday. Hedge funds trading the stocks of U.S. consumer discretionary companies offering flat-screen TVs…

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Analysis-Biden travel, Congress recess to squeeze debt limit timeline even more

By Trevor Hunnicutt and David Morgan WASHINGTON (Reuters) – For months, the U.S. crisis over the debt limit has been a political abstraction. Not anymore. The U.S. Treasury’s new June 1 estimated deadline for Congress to raise the debt ceiling or risk default has ratcheted up the heat on Washington’s lawmakers to avert an economic…

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Tinder owner Match Group swipes left on Russia, pledging exit by June 30

By Alexander Marrow (Reuters) – Tinder owner Match Group has said it will quit Russia by June 30, citing the need to protect human rights, one of many Western firms to leave since Moscow sent troops into Ukraine last year. “We are committed to protecting human rights,” Match said in an annual impact report published…

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Exclusive-Turkish raid prompted ISIS leader to detonate suicide vest

By Orhan Coskun, Ahmed Rasheed and Timour Azhari ANKARA/BAGHDAD (Reuters) – ISIS leader Abu Hussein al-Qurashi’s six-month rule ended when he detonated a suicide vest during a Turkish special forces raid in northwest Syria on Saturday after refusing to surrender, a senior Turkish security official said. The third ISIS leader to die by detonating an…

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