Carnival set to post strong revenue growth as new, younger customers drive demand

By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising. While Americans have cut back on purchasing big-ticket non-essential goods due to soaring costs, protracted confinement to their homes during the pandemic has whet their…

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Titanic submersible: when it vanished and the race to find it

(Reuters) – The five people aboard a submersible visiting the wreck of the Titanic died after a catastrophic loss of the pressure chamber, U.S. Coast Guard officials said on Thursday. A “debris field” matching the submersible was discovered by a robotic deep-sea vessel. Here is a timeline of events since the start of the trip,…

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Titanic sub firm’s late CEO was committed to safety, says co-founder

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…

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Families of Titanic sub’s victims could still sue despite liability waivers 

By Jack Queen (Reuters) -Liability waivers signed by passengers on a submersible lost at sea during a dive to the Titanic wreck may not shield the vessel’s owner from potential lawsuits by the victims’ families, legal experts said. The Titan submersible vanished on Sunday roughly two hours into its dive and was found in pieces…

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Desperately seeking staff: Paris Airshow lets jobless in for free

By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from Canada to look for something equally precious – workers. Labour shortages are an urgent topic at this week’s Paris Airshow, with gaps in the workforce…

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Titanic sub destroyed in ‘catastrophic implosion,’ all five aboard dead

By Joseph Ax and Steve Gorman (Reuters) -A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a “catastrophic implosion” that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. A robotic diving vehicle deployed…

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Dollar up on risk aversion; sterling, Swiss franc slip despite rate hikes

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pace” and as a spate of interest rate hikes by several central banks fuelled concerns over the outlook for global growth. Sterling was…

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Daughter of missing Titanic explorer hopeful, says he was doing what he loved

By Joan Faus and Horaci Garcia LA MASSANA, Andorra (Reuters) -The daughter of French oceanographer Paul-Henri Nargeolet, one of five people inside a submersible missing near the Titanic wreck, said on Thursday she held hope they will be rescued but she is comforted by the knowledge that he is in the place he loved most….

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