By Mike Stone WASHINGTON (Reuters) – Lockheed Martin announced on Monday that a future Air Force mid-air refueling tanker would be made in Alabama and Georgia, potentially creating 1,300 new jobs between the two sites. Expansion and hiring at existing sites in Mobile, Alabama, and Marietta, Georgia for the next U.S. tanker is contingent upon…
(Reuters) – The tech-heavy Nasdaq edged higher on Monday, but was still eyeing its worst start to the year ever as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions. The Dow Jones Industrial Average fell 34.30 points, or 0.10%, at the open to 34,691.17. The S&P 500…
By Anthony Esposito and Miguel Gutierrez MEXICO CITY (Reuters) -Mexico’s economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting Latin America’s second-largest economy in a technical recession. Gross domestic product (GDP) shrank in the fourth quarter by 0.1% from the previous three-month…
By Conor Humphries DUBLIN (Reuters) – Ryanair expects huge pent-up demand to lead to record summer passenger numbers and higher ticket prices if the recovery is not thrown off course by a new COVID variant, Group Chief Executive Michael O’Leary said on Monday. But he said the budget airline’s outlook remained uncertain and it was…
DUBLIN (Reuters) – Ryanair could base up to 20 planes in Ukraine over the next few years if Russia does not invade and if airports there offer attractive enough deals, Group Chief Executive Michael O’Leary said on Monday. Ryanair has repeatedly said it considers Ukraine as potentially a major growth market and O’Leary said that…
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude had risen 87 cents, or 1%, to $90.90 a barrel by 1228 GMT. The front-month contract…
By Tommy Wilkes LONDON (Reuters) – Stocks staged a modest rebound on Monday as traders put aside concerns about interest rate rises and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month. The rise in European shares follows a late…
(Corrects paragraph 9 to say Ryanair expects to fly 165 million passengers in year to March 2023 (not year to March 2022)) By Conor Humphries DUBLIN (Reuters) -Ryanair reported a loss of 96 million euros ($107 million) for the final three months of 2021 but said it was hopeful that rivals’ cuts to capacity may…
BENGALURU(Reuters) – Jaguar Land Rover (JLR) owner Tata Motors reported a loss for the third quarter on Monday, hurt by semiconductor shortages and high commodity prices. Automakers worldwide have been roiled by the chip shortage, along with supply chain disruptions, COVID-19 restrictions and rising raw material prices after a short-lived recovery towards the end of…
By Krishna N. Das PATNA, India (Reuters) – Niranjan Kumar, the eldest son of a small farmer in the eastern Indian state of Bihar, was one of 12.5 million youngsters who applied for 35,000 jobs when the railways department started recruitment examinations more than a year ago. The mathematics graduate, 28, and his dormitory mates…
