WASHINGTON/PARIS (Reuters) – The U.S. Federal Aviation Administration said it has approved special conditions for the Airbus A321XLR after concerns were raised that a novel type of fuel tank could pose fire risks in its newest narrow-body jet. Rival planemaker Boeing told European regulators in 2021 the architecture of a fuel tank intended to increase…
(Reuters) -Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against Apple Inc’s…
(Reuters) -Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $7 from $7.99 if users pay for it through the website, and $11 if they do so through its iPhone app, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar remained weak on Thursday after sliding against major peers overnight for the first time this week as investors fretted about the potential for recession in the United States. The yen garnered support from a decline in Treasury yields amid bets the U.S. Federal Reserve will slow…
By Nichola Groom (Reuters) -The U.S. government’s first-ever sale of offshore wind development rights off the coast of California drew $757.1 million in high bids, mainly from European companies seeking a foothold in the U.S. wind-power industry’s expansion to the Pacific Ocean. The auction began on Tuesday and ended Wednesday, the offshore wind industry’s first…
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. U.S. Bankruptcy Judge Martin Glenn is weighing broader questions of who owns…
LIMA (Reuters) – Peru’s central bank increased its benchmark interest rate 25 basis points to 7.5% on Wednesday, the 17th consecutive hike as monetary policymakers in the copper-producing Andean nation battle stubbornly high inflation. The bank has raised the rate periodically since August 2021 to combat rising inflation that hit 8.45% in November on an…
By David Shepardson WASHINGTON (Reuters) – Two senior Republican lawmakers on Wednesday were highly critical of the decision by the U.S. Energy Department to award $200 million to Microvast Holdings over the lithium battery company’s ties to the Chinese government. In October, Texas-based Microvast won a $20 million U.S. grant from the department to help…
By Rajesh Kumar Singh and Priyamvada C CHICAGO (Reuters) -Southwest Airlines Co on Wednesday became the first major U.S. airline to reinstate its quarterly dividend, more than two years after suspending it in the wake of the coronavirus pandemic. Chief Executive Officer Bob Jordan said the reinstatement reflects “the strong return in demand for air…
(Fixes typographical error) By Arriana McLymore RALEIGH, N.C. (Reuters) -Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance merchandise in a last-ditch effort to clear clothing racks. But the deep discounts they’re dangling on out-of-season clothing may not appeal to…
