By Steve Holland, Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term. Earlier in the day, the Taiwanese ruling Democratic Progressive Party’s (DPP) presidential candidate Lai…
By David Shepardson and Allison Lampert WASHINGTON (Reuters) – The U.S. aviation regulator on Friday extended the grounding of Boeing 737 MAX 9 airplanes indefinitely for new safety checks and announced it will tighten oversight of Boeing itself after a cabin panel broke off a new jet in mid-flight. As United Airlines and Alaska Airlines…
By Cynthia Kim SEOUL (Reuters) – North Korea stopped operating a radio station used to send coded messages to its agents in South Korea, the Yonhap news agency said on Saturday, the latest sign the isolated country is shaking up the way it handles relations with Seoul. North Korea has been stepping up pressure on…
(Reuters) – Alaska Airlines said it will extend its cancellation of Boeing 737 MAX 9 flights through Tuesday, Jan. 16, for planes that have been grounded since last week’s mid-air cabin panel blowout. Alaska has been cancelling about 20% of daily flights since Saturday after the grounding of its 65 MAX 9 planes. (Reporting by…
By Scott DiSavino (Reuters) -U.S. natural gas and power prices hit multi-year highs on Friday ahead of extreme cold that was expected to bring record gas demand while also cutting supplies by freezing wells. Lower gas supplies at a period of surging demand could test power systems in hard-hit areas. Winter storms in 2021 and…
By Victoria Waldersee, Anna Ringstrom and Marie Mannes BERLIN/STOCKHOLM (Reuters) -Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region. The United States and Britain launched a…
(Reuters) -Airlines in the United States canceled more than 2,000 flights on Friday after a massive winter storm knocked out power and affected businesses in 12 states ahead of a likely brutal freeze over the weekend. A total of 2,058 flights were canceled and 5,846 flights were delayed as of 5.30 p.m. ET, according to…
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected interest income for 2024, even as its quarterly profit fell. The largest U.S. lender also took a nearly $3 billion charge to replenish a government deposit insurance fund. JPMorgan benefited from its acquisition of failed First Republic…
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Friday scaled down its profit outlook for the current year, citing higher costs, supply chain issues and macroeconomic uncertainties. The company’s shares fell more than 8% shortly after midday, dragging down the broader the NYSE Arca Airline index. The Atlanta-based carrier now expects an adjusted…
By Chris Kirkham LOS ANGELES (Reuters) -U.S. President Joe Biden’s son Hunter Biden pleaded not guilty on Thursday in federal court in Los Angeles to tax charges stemming from business dealings that have also prompted an impeachment probe of his father. Hunter Biden, 53, stands criminally accused of failing to pay $1.4 million in taxes…
