(Reuters) – Alaska Air Group on Thursday reported a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier’s margins. As more people plan their travel after the pandemic kept them at home for a long period, airlines are struggling to capitalize on rising demand with limited capacity coupled with elevated…
By Karen Freifeld Reuters) -Seagate Technology Holdings PLC has agreed to pay a $300 million penalty in a settlement with U.S. authorities for shipping over $1.1 billion worth of hard disk drives to China’s Huawei in violation of U.S. export control laws, the Department of Commerce said on Wednesday. Seagate sold the drives to Huawei…
By Michael Holden and Sarah Mills LONDON(Reuters) – As Britain prepares to crown King Charles III in a ceremony with traditions dating back some 1,000 years, the monarchy confronts a question it has faced down the centuries: how does it survive in the modern world? For the House of Windsor, that does not mean dealing…
A look at the day ahead in U.S. and global markets from Mike Dolan Throwing another curve ball into an already confusing inflation picture, crude oil prices have retreated sharply again this week and take some of the edge off renewed anxiety in interest rate markets. Both Brent crude and West Texas Intermediate crude futures…
By Mari Saito, Polina Nikolskaya, Maria Tsvetkova and Anton Zverev BALAKLIIA, Ukraine (Reuters) – During an interrogation by Russian intelligence officers at a police station in Ukraine’s Balakliia town in June, local businessman Ruslan Volobuyev was beaten by one of the men, he said. At one point, according to Volobuyev’s account, a thick-set man in…
(Reuters) – Michael Schumacher’s family are planning legal action against a German weekly magazine over an ‘interview’ with the seven times Formula One champion that was generated by artificial intelligence. A spokesperson for the Schumacher family, asked by Reuters for a comment on Wednesday, pointed to published reports of legal action. The Ferrari great has…
BRUSSELS (Reuters) – The euro zone swung to a trade surplus in February from a deficit a year earlier, non-adjusted data showed on Thursday, mainly thanks to a jump in exports of chemicals and machinery and the bulk of the improvement coming from Germany and Italy. The European Union’s statistics office Eurostat said the seasonally…
By Leigh Thomas PARIS (Reuters) -France will see its national debt burden fall faster than previously expected even though the cost of interest payments is set to soar, Finance Minister Bruno Le Maire said on Thursday. The national debt burden, which reached a record just shy of 3 trillion euros at the end of last…
BERLIN (Reuters) – Deutsche Bank plans to reduce its executive board to nine members from 10 and to cut some jobs in infrastructure and in its private banking business to save costs, a source close to the bank told Reuters on Thursday. Germany’s largest bank, which is due to present first-quarter results on April 27,…
BERLIN (Reuters) – Volkswagen’s U.S.-assembled ID.4 models will be eligible for a $7,500 tax credit this year, according to the German carmaker, after new U.S. Treasury requirements on battery sourcing came into effect this week. Volkswagen added that it was the only international carmaker to have a full battery-electric vehicle eligible for the full credit….
