By Paul Sandle LONDON (Reuters) – Thousands of holidaymakers have seen their Easter getaways disrupted or cancelled because airlines and airports do not have enough staff to meet the recovery in demand as pandemic restrictions are eased in Europe. High rates of COVID-19 in Britain have caused staff absences for airlines and airports that were…
(Reuters) – Wall Street’s main indexes opened lower on Tuesday, as the prospect of fresh sanctions on Russia kept investors on edge, while megacap growth stocks retreated after strong gains a day earlier. The Dow Jones Industrial Average fell 45.5 points, or 0.13%, at the open to 34876.33. The S&P 500 fell 10.2 points, or…
By Julie Gordon OTTAWA (Reuters) – Canada’s exports rose 2.8% in February to a record high, driven mostly by energy products, while imports climbed 3.9% from the previous month, led by metals, data from Statistics Canada showed on Tuesday. The country’s trade surplus with the world narrowed to C$2.66 billion ($2.14 billion), slightly below analyst…
(Reuters) – Memory chipmaker Micron Technology Inc on Tuesday named chip firm Qorvo Inc’s finance chief Mark Murphy as its new chief financial officer. Micron lost its former CFO David Zinsner to chipmaker Intel Corp in January. Murphy will take the reins from interim finance chief Sumit Sadana, who will return to the role of…
By Ben Klayman DETROIT (Reuters) -General Motors and Honda Motor Co on Tuesday said they will co-develop a series of electric vehicles based on a new global architecture, allowing production of millions of vehicles starting in 2027. The announcement expands on plans for GM to begin building two electric SUVs for Honda starting in 2024….
By Muhammed Husain (Reuters) -Britain’s Go-Ahead said it plans to expand its transport operations and reinstate its pre-COVID-19 dividend policy after a months-long strategic review, lifting its shares on Tuesday. Go-Ahead, which runs more than 6,000 buses in England and Britain’s largest passenger rail contract, said it plans to turn around underperforming businesses and grow…
By Hyunjoo Jin and Chris Prentice SAN FRANCISCO/NEW YORK (Reuters) – Did Elon Musk break securities laws again? Former securities officials and professors said Musk may have missed a key disclosure deadline when he bought 9% of Twitter. And Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for…
LONDON (Reuters) – Global sovereign borrowing will reach $10.4 trillion in 2022, nearly one-third above the average before the coronavirus pandemic, S&P Global Ratings said in a report. Despite an ongoing economic recovery, borrowing will stay elevated due to high debt rollover requirements and the ongoing war in Ukraine, the ratings agency said in an…
By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investment firm Macellum Advisors GP LLC on Monday urged Kohl’s Inc to be more open about its sales process, urging the retailer to give bidders and shareholders a fuller financial picture of itself. The firm, in a letter to Kohl’s board, asked the company to say when it plans…
By Liz Hampton and Isabel Kua SINGAPORE (Reuters) -Oil futures rose on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, raising concerns of tighter global supply, while Iran nuclear talks stalled. Brent crude futures rose $1.87, or 1.7%, to $109.40 a…
