By Doyinsola Oladipo NEW YORK (Reuters) -Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. U.S. hotel room supply is barely growing as tighter lending standards from regional banks make it harder for developers to secure…
BOGOTA (Reuters) – Colombia’s congress should approve health, labor and pension reforms, President Gustavo Petro said on Wednesday, as the lower house weighed whether to shelve the health bill, which would be a major legislative defeat for leftist who campaigned on improving the beleaguered system. “We ask, with all due respect…that they approve the reforms,…
WASHINGTON (Reuters) -Britain wants to put its economic ties with the United States on the same footing as the two countries’ defence and security cooperation to help both counter global threats, Prime Minister Rishi Sunak will tell President Joe Biden this week. Having left the European Union, Britain is seeking to further align itself with…
By David Shepardson (Reuters) -Some flights into the New York City area and Philadelphia on Wednesday were delayed and others briefly halted because of reduced visibility from wildfire smoke from Canada. The Federal Aviation Administration (FAA) was slowing traffic but lifted a groundstop on flights from the upper Midwest and East Coast bound for New…
BELGRADE (Reuters) – Serbia’s Prime Minister Ana Brnabic said on Wednesday she was willing to resign to test popularity of the ruling coalition, following weeks of opposition protests. For five consecutive weeks, tens of thousands of people have gathered for weekly anti-government rallies in Belgrade, blaming a culture of violence for the deaths of 18…
By Michel Rose PARIS (Reuters) -France is not against a long-delayed trade deal with South America’s Mercosur bloc, but doesn’t want to rush negotiations it says would risk its rejection by European parliaments if environmental and social concerns were not addressed. The European Commission has said it is a priority to conclude a deal, more…
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. The U.S. central bank is expected to hold rates steady next…
WASHINGTON (Reuters) -The U.S. aviation regulator said on Wednesday it was proposing comprehensive training and pilot certification rules for flying taxis, electric vertical takeoff and landing aircraft (eVTOL), which have been touted as the future of urban air mobility. Low-altitude urban aircraft have drawn intense global interest, with numerous eVTOL companies going public. New rules…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed about 1% on Wednesday as Saudi Arabia’s plans for deep output cuts more than offset demand woes stemming from rising U.S. fuel stocks and weak Chinese export data. Brent crude futures settled 66 cents, or 0.9%, higher at $76.95 a barrel, while U.S. West Texas Intermediate crude…
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation. The central bank had been on hold since January…
