By Charlotte Van Campenhout and Rishabh Jaiswal AMSTERDAM (Reuters) -A fire blazed on a cargo ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said. Several crew members were forced to jump overboard after the fire began on Tuesday…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Chipotle Mexican Grill missed Wall Street estimates for quarterly sales on Wednesday as a pause in months-long price hikes hurt its top line, sending the company’s shares down nearly 9% in extended trading. California-based Chipotle also projected current-quarter comparable sales to grow in the low- to mid-single-digit…
By Sachin Ravikumar LONDON (Reuters) – It could take five more years for Britain to return to producing 1 million or more cars a year, the industry body said on Thursday, as figures showed car manufacturing still remained a third below pre-pandemic levels. UK factories are expected to produce 860,000 cars this year, Society of…
By David Shepardson WASHINGTON (Reuters) – United Airlines said on Wednesday its decision to cut about 15 flights from its daily schedule in Newark in August and early September will affect less than 4% of travelers flying out of its New Jersey hub. Last week, Chicago-based United said it would drop to about 395 flights…
By Alaa Swilam and Yomna Ehab CAIRO/DUBAI (Reuters) – Most Gulf central banks increased their key interest rates on Wednesday after the Federal Reserve raised rates by an expected quarter of a percentage point, citing still-elevated inflation as a rationale for the latest hike. The Fed raised its rate by 25 basis points (bps) on…
By Matt Tracy (Reuters) – Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate up by 34 basis points from June to 3.93%, a report by credit rating agency KBRA said on Wednesday. The rise in the rate reflects continued stress in the U.S. commercial…
(Reuters) – Police in Circleville, Ohio, on Wednesday fired an officer who unleashed his dog on a Black man during a highway traffic stop and ordered the animal to attack even though the man had his hands raised, according to video of the incident. “Officer (Ryan) Speakman did not meet the standards and expectations we…
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ mobile chief said Samsung is “going in the right direction” in China, the world’s largest mobile market, as it seeks to raise its lagging market share by boosting premium offerings and ties with local content firms. Third-party data shows the world’s largest smartphone maker is making small…
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – U.S. stocks ended Wednesday little changed following a Federal Reserve rate hike that left the door open for future hikes, but the Dow scored a 13-day winning streak. The Fed lifted its benchmark overnight interest rate by a widely expected 25 basis points, marking the 11th…
By Savyata Mishra (Reuters) -Mattel is banking on the box office success of the “Barbie” movie to help drive doll sales in the second half of the year, CEO Ynon Kreiz said on Wednesday, as the toymaker recorded a strong performance in July following the buzz around the film. The California-based company also posted a…
