By Katanga Johnson WASHINGTON (Reuters) – Jeff Bezos’ space tourism venture Blue Origin completed its fifth crewed launch on Saturday after a New Shepard rocket’s back-up system that had not met expectations delayed the voyage last month. Blue Origin’s fourth flight landed successfully in March in west Texas after taking six passengers for a 10-minute…
(Reuters) -Abbott Laboratories said on Saturday that it has reopened its baby formula production plant in Sturgis, Michigan, taking a step toward alleviating an acute nationwide shortage that has sent parents scrambling for supplies. The company said it will begin production of EleCare and other specialty and metabolic formulas, with initial EleCare product release to…
TOKYO (Reuters) – Air Canada is expecting a demand for flights between Canada and the Asia-Pacific to recover to a near pre-pandemic level by December next year, a top regional executive said on Saturday. Currently, the routes between Canada and the Asia-Pacific run at 30% of the 2019 capacity, but the capacity is expected to…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the Federal Reserve on an aggressive monetary policy tightening path to cool demand. The Labor Department’s closely watched employment report on Friday also…
TOKYO (Reuters) – Japan’s government is considering resuming a national travel discount campaign as soon as late this month to help the tourism industry recover from a COVID-19 slump, the Nikkei newspaper said on Saturday. A revived “Go To Travel” campaign would likely serve as a core measure to stimulate consumer demand, the business daily…
By Sinéad Carew, Devik Jain and Anisha Sircar (Reuters) – Wall Street’s three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve’s aggressive policy-tightening which is needed to cool decades-high inflation. The technology-heavy Nasdaq led the declines, falling 2.5% as shares…
By Akash Sriram and Divya Rajagopal (Reuters) -Rogers Communications Inc on Friday asked a tribunal to scrap Canada competition bureau’s rejection to its C$20 billion ($15.9 billion) purchase of Shaw Communications Inc, arguing the merger would create more competition rather than stifle it. Calling the opposition to the deal “unreasonable”, Rogers said the bureau had…
BUENOS AIRES (Reuters) – Analysts consulted by Argentina’s central bank raised their inflation estimate for the South American country for 2022 to 72.6%, 7.5 percentage points above the previous month’s forecast, according to a monthly survey published Friday. Meanwhile, inflation for the month of May was expected to have been at 5.2%, according to the…
By Chinekwu Osakwe (Reuters) – Goodwin Procter said Friday that it has hired two private equity partners for its Washington, D.C., and Santa Monica, California, offices. Andrew Kimball joined the firm in the nation’s capital from Kirkland & Ellis. Andrew Cheng, who spent more than 18 years at Gibson Dunn & Crutcher, has joined in…
BERLIN (Reuters) – Food deliverer Delivery Hero will drop out of Germany’s blue chip stock index DAX replaced by consumer goods maker Beiersdorf from June 20, stock market operator Deutsche Boerse said on Friday. Just over a year after being relegated from the DAX, the Nivea cream maker and Hansaplast wound care Beiersdorf replaces Delivery…
