By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul is ready to raise additional capital, its chief executive said in an interview, after reaching deals with lessors and bondholders to postpone debts maturing in the near term under a broad restructuring plan. John Rodgerson told Reuters the additional cash would help Azul to “grow…
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that official data published earlier in the day showed the labour market was “very tight”, and added that inflation had been slower to fall than the central bank had hoped. Economists expect the BoE to raise its main interest rate to 4.75% from 4.5%…
By Daniel Wiessner (Reuters) – New York’s top state court on Tuesday made it more difficult for music producer Dr. Luke to win his lawsuit claiming pop star Kesha defamed him by falsely accusing him of raping her nearly 20 years ago. The New York Court of Appeals said Dr. Luke, whose real name is…
By Katie Paul NEW YORK (Reuters) – Meta Platforms said on Tuesday that it would provide researchers with access to components of a new “human-like” artificial intelligence model that it said can analyze and complete unfinished images more accurately than existing models. The model, I-JEPA, uses background knowledge about the world to fill in missing…
(Reuters) – United Airlines Holdings Inc is offering its pilots a contract in excess of $8 billion in cumulative increases in pay and benefits over four years, in possibly the richest labor deal by a major American carrier, if ratified by the union. The move comes at a time when pilots in North America are…
By Arriana McLymore NEW YORK (Reuters) – Amazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive with rivals, saying the site doesn’t meet its standards. According to Amazon, Temu, an e-commerce marketplace that launched in September, does not meet its “strict qualification…
WASHINGTON (Reuters) – U.S. lawmakers warned on Tuesday that China could be preparing to forcibly repatriate refugees who fled North Korea and urged the United Nations to use its influence with Beijing to prevent this. Chris Smith, Republican chairman of the Congressional-Executive Commission on China (CECC), told a hearing there was “good reason to believe”…
(Reuters) – Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week. Shares of the company jumped 7.7% in early trading. They are down nearly…
(Reuters) – The top U.S. consumer watchdog on Tuesday defended a proposal to limit late fees charged on credit card balances, a move that has faced fierce opposition from the banking industry. In testimony before the Senate, Consumer Financial Protection Bureau Director Rohit Chopra rejected arguments by banks that capping late fees would force them…
(Reuters) -British cinema chain operator Cineworld is preparing to file for administration as a part of a financial restructuring plan, Sky News reported on Tuesday. The company is lining up AlixPartners to act as administrator to help with the transfer of ownership to its lenders, the report added. An announcement is expected to be made…
