By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week. The influential International Air Transport Association (IATA) holds its annual meeting on June…
By Tommy Wilkes LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero Insurance Alliance (NZIA), formed in 2019 to get insurers to…
By Yoruk Bahceli (Reuters) -Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this…
A look at the day ahead in European and global markets from Ankur Banerjee A risk-on rally fuelled by rising expectations the Federal Reserve will stand still on interest rates in two weeks, and by relief that the congress approved a U.S. debt-limit suspension, took hold in Asia and looked set to continue as Europe…
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) said on Thursday it is fining British Airways $1.1 million for failing to provide timely refunds to passengers for flights to and from the United States during the COVID-19 pandemic. Since March 2020, USDOT received over 1,200 complaints alleging British Airways failed to provide…
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law – and Wall Street is watching. With a week left in this year’s…
By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting. The euro recovered from a two-month low on…
By Aadi Nair (Reuters) – With Aryna Sabalenka and Novak Djokovic in action on Friday, day six of the French Open could once again see off-court issues grabbing the headlines despite both players having made clear their desire to put controversy in the rear-view mirror. Sabalenka’s two matches so far have been overshadowed by the…
By Xinghui Kok and Greg Torode SINGAPORE (Reuters) -Tensions between the United States and China are expected to loom over Asia’s top security meeting this week, as China has declined a bilateral meeting between the superpowers’ defence chiefs. The Shangri-La Dialogue, which attracts top defence officials, senior military officers, diplomats, weapons makers and security analysts…
By Sam Tobin LONDON (Reuters) – Stock photo provider Getty Images has asked London’s High Court for an injunction to prevent artificial intelligence company Stability AI from selling its AI image-generation system in Britain, court filings show. The Seattle-based company accuses the company of breaching its copyright by using its images to “train” its Stable…
