(Reuters) – Australian airline Regional Express on Tuesday forecast an operational loss for fiscal 2023, citing a global shortage of pilots and engineers, as well as significantly lower business travel in May and June. The carrier said it was now expecting to record a group operational loss of A$35 million ($23.8 million) for the financial…
By Melanie Burton MELBOURNE (Reuters) – Automakers and other consumers of critical minerals should invest in Australia’s materials processing industry to secure ethical long-term supply that can weather geopolitical disruptions, the Australian resources minister said on Tuesday. One of the world’s biggest suppliers of raw minerals, Australia unfurled a landmark strategy on Tuesday that outlines…
(Reuters) – Qantas and Airbus have finalised an incremental order for nine Airbus A220-300s aircraft, the companies said at the Le Bourget air show in Paris on Tuesday. Qantas had said it planned to order additional A220s in February this year. (Reporting by Pierre John Felcenloben in Gdansk; Editing by Milla Nissi)
By Tom Balmforth NEAR KYIV, Ukraine (Reuters) – At a glance on a clear summer’s afternoon, the U.S.-made Avenger air defence system is barely visible in the shadow of trees at the end of a dirt track outside Kyiv. The short-range unit is an important part of a three-layered air defence network that Ukraine is…
(Reuters) -Australia’s largest private health insurer Medibank Private on Tuesday said a file containing names and contact details of staff members had been compromised after its property manager faced a cybersecurity breach. The incident comes at a time when Medibank is dealing with the fallout of a cyber incident it faced in October, where data…
By Lucy Craymer WELLINGTON (Reuters) – A man wielding an axe entered three Chinese restaurants on Monday night in New Zealand’s largest city Auckland, sending four people to hospital, authorities and local media reported. One victim was discharged and three remain in stable condition, North Shore and Auckland hospital spokespeople said on Tuesday. Local media…
SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did not become embedded in wage and price expectations. Minutes of its June 4 policy meeting released on Tuesday showed the Reserve Bank of Australia (RBA) board considered leaving rates…
SYDNEY (Reuters) – New Zealand said on Tuesday it would examine the profitability of the country’s banks and investigate whether competition in the sector was working well for consumers. The banking sector is dominated by four banks making up around 85% of mortgage and other lending, and 90% of deposits, government data showed. Loans by…
By Divya Chowdhury MUMBAI (Reuters) – A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% last year, as they are increasingly left cash-strapped in a cooling economy while dealing with inflationary pressures. Even as the ‘Great Resignation’ continues, around 42% of the employees surveyed by…
By Iain Withers LONDON (Reuters) -The dollar edged higher and the UK pound was near a 14-month peak on Monday as investors digested a slew of monetary policy decisions by central banks last week and looked ahead to a crunch decision by the Bank of England on Thursday. Currency market moves have been dominated by…
