By Elena Rodriguez and Joan Faus MADRID/BARCELONA (Reuters) – Protesters wearing white masks and carrying signs reading “massacre” and “Europe responsible” marked the anniversary on Friday of a mass attempt to cross from Morocco into the Spanish enclave of Melilla in which at least 23 migrants and refugees died. Speakers from the Spanish umbrella rights…
MADRID (Reuters) – The co-founder of OceanGate Expeditions, which owned the submersible that imploded during a dive to the Titanic wreck, defended on Friday the chief executive’s commitment to safety and risk management after he died with four others on the craft. Guillermo Söhnlein, who co-founded OceanGate with Stockton Rush in 2009, left the company…
By Richa Naidu and Sybille de La Hamaide LONDON/PARIS (Reuters) -Danone and Kellogg are among 75 consumer goods companies that French authorities have asked to cut prices, according to a list seen by Reuters that sources say the government is using for the initiative. Finance Minister Bruno Le Maire said on June 9 he had…
By Kylie MacLellan, Lawrence White and Muvija M LONDON (Reuters) -British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates. Finance minister Jeremy Hunt…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc’s bid to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration, which businesses often prefer over litigation. The justices, in a 5-4 decision, overturned a lower court’s ruling involving…
By Kannaki Deka (Reuters) -CarMax Inc said on Friday that vehicle affordability remains a challenge due to high interest rates and low consumer confidence, but cost cuts helped the used-car retailer post a quarterly profit beat. Shares of the company jumped 8.8% to $85.25 in early trade, as it also reported a better-than-expected first-quarter revenue….
(Reuters) – Southwest Airlines said on Friday it had reached a tentative agreement with the union representing the company’s mechanics and related employees. The Aircraft Mechanics Fraternal Association (AMFA), which represents more than 2800 Southwest employees, said the agreement, if ratified by members, will elevate salaries of aircraft maintenance technicians to “industry-leading” standards. Employees and unions…
(Reuters) -Hong Kong’s Cathay Pacific Airways on Friday forecast its first half-year profit in three years, buoyed by a strong rebound in travel demand and one-off gain from a stake sale in Air China. The city’s flagship carrier had posted record losses for the last three years as it parked much of its fleet during…
By Dan Burns (Reuters) – U.S. business activity fell to a three-month low in June as services growth eased for the first time this year and the contraction in the manufacturing sector deepened, closely watched survey data out Friday showed. The overall picture, though, indicated U.S. economic growth ticked up a notch in the second…
By Ann Saphir SAN FRANCISCO (Reuters) – Two more U.S. interest-rate hikes this year is a “very reasonable” projection, San Francisco Federal Reserve Bank President Mary Daly said, but given how fast rates have risen already and how close they are to where they probably need to be, it’s better to move more slowly and…
