By Safiyah Riddle (Reuters) – American employers announced fewer layoffs in July than the year before, marking the first year-over-year decrease in more than a year and bolstering prospects that a resilient labor market will help the economy avoid a recession. U.S.-based employers announced 23,697 job cuts in July, a 42% drop from the number…
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday. S&P Global’s India services purchasing managers’ index rose to 62.3 in July from June’s 58.5, confounding expectations in a Reuters poll…
By Rajesh Kumar Singh CHICAGO (Reuters) -U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes. Before the pandemic hit in 2020, corporate travel was the travel industry’s cash cow. But now,…
By Maria Sheahan BERLIN (Reuters) – The boom in holiday travel shows no signs of ending, German airline group Lufthansa said on Thursday, as advance bookings for this winter and next year were already a double-digit percentage above the year-earlier level. The outlook will underscore optimism in the tourism and airline sector that the recovery…
By Natalia Siniawski (Reuters) -Brazilian brewer Ambev on Thursday reported a 15.2% decline in second-quarter net profit, narrowly missing market forecasts, but said it expects cost pressures this year to be milder than previously anticipated. The subsidiary of Belgium’s Anheuser-Busch InBev posted profit of 2.60 billion reais ($540.34 million), below the 2.68 billion reais average…
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees. Adjusted net income rose to $1 billion, up from $576 million a year earlier. That translated to an adjusted…
By Elissa Welle NEW YORK (Reuters) – U.S. psychiatrists are increasingly prescribing the popular weight-loss drug Wegovy to patients who gain weight from medicines used to treat mental disorders, such as schizophrenia or bipolar disorder, according to Reuters interviews with ten prescribers across the country. Many antipsychotic drugs and mood stabilizers can cause patients to…
By Joseph Ax NEW YORK (Reuters) – Brewing battles over redistricting from New York to Utah may result in new congressional maps for at least half a dozen states before the 2024 election, with control of the closely divided U.S. House of Representatives in the balance. The 2022 election – in which Republicans captured a…
By Chris Taylor NEW YORK (Reuters) – How much money do you really need for retirement? One guess is $1.27 million, a new survey from Milwaukee-based Northwestern Mutual shows. But there is no ‘Magic Number’ for everyone. After all, retirement may be decades away, subject to variables such as life events, inflation, stock market returns,…
By Anna Tong (Reuters) – Cruise, General Motors’ robotaxi unit, said on Thursday it had signed the driverless car industry’s first labor union agreements, a significant milestone as unions and robotaxi firms have historically been at odds. The company is partnering with two local San Francisco union chapters that represent electrical workers and janitors, the…