DUBAI (Reuters) – Dubai’s main airport registered a 55.8% increase in passenger traffic in the first quarter of this year compared to last year, reaching 95.6% of 2019 pre-pandemic levels, operator Dubai Airports said on Tuesday. Dubai International Airport (DXB), the world’s busiest international hub, welcomed around 21.3 million passengers in the first three months…
(Reuters) – A fire that broke out at Delek’s 83,000-barrel-per-day (bpd) El Dorado, Arkansas refinery has been extinguished with no injuries reported, a company spokesperson told Reuters by phone on Monday. “This evening a lightning struck a slurry tank at the El Dorado, refinery causing a fire. The fire was extinguished immediately,” the spokesperson said….
By Stephen Nellis (Reuters) – LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins…
By Kantaro Komiya TOKYO (Reuters) – Japan’s consumer spending unexpectedly fell in March at the fastest rate in a year, while real wages marked a twelfth month of decline on persistent inflation, highlighting the challenges facing the economy in mounting a strong post-COVID revival. Tuesday’s government data also reinforce the uncertainties around the Bank of…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday asked a U.S. judge to throw out criminal charges against him over the now-bankrupt FTX’s collapse. In a filing in Manhattan federal court, Bankman-Fried’s lawyers said many cryptocurrency exchanges collapsed during a broad…
By Devjyot Ghoshal, Juarawee Kittisilpa and Orathai Sriring BANGKOK (Reuters) – Kavita Wongyakasem runs a small business in Bangkok, owns a two-storey house on the outskirts of the Thai capital, drives a pick-up truck, and sends her two daughters to good schools. But every day is a desperate struggle to find the money to keep…
WASHINGTON (Reuters) -Two Republicans on Monday asked a congressional watchdog to assess the Biden administration’s management of the Strategic Petroleum Reserve and audit its modernization program, saying sales from the SPR have undermined U.S. energy security. Senator John Barrasso, ranking member of the Senate energy committee, and Representative Cathy McMorris Rodgers, head of the House…
SYDNEY (Reuters) – Australian retail sales volumes during the first quarter of 2023 fell for a second straight quarter, a sign that rising interest rates and the high cost of living are working to curb consumer spending. Data from the Australian Bureau of Statistics on Tuesday showed real retail sales fell 0.6% in the first…
By Rae Wee SINGAPORE (Reuters) – The dollar inched higher on Tuesday after a loans survey revealed that credit conditions in the United States were less gloomy than expected, while the pound flirted with a one-year peak ahead of this week’s Bank of England policy meeting. The Federal Reserve’s quarterly Senior Loan Officer Opinion Survey…
By Tyler Clifford and Steve Gorman (Reuters) -The man Texas authorities say killed eight people in a barrage of gunfire at a Dallas-area shopping mall over the weekend left behind a social media profile filled with white supremacist and neo-Nazi ideology, multiple news outlets reported on Monday. News reports linking the assailant to language praising…
