(Reuters) – American Airlines Group Inc on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand. The company’s shares were up 2% at $14.91 in premarket trade. Travel demand has stayed strong even amid worries of a looming recession, with travel during the Memorial Day weekend topping 2019…
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – A decline in labour growth and expected fall in the working age population will be a drag on emerging economies already suffering from fading growth prospects, BlackRock’s Global Head of Emerging Markets Amer Bisat told Reuters. Global population growth over the past five decades fuelled…
By Janina Nuno Rios MEXICO CITY (Reuters) – Usain Bolt said he is desperate to play a role in reviving the sport that made him a global superstar but has experienced something of a decline since his retirement six years ago. The Jamaican, who dominated men’s sprinting for nearly a decade after the 2008 Beijing…
By Dominique Patton BEIJING (Reuters) – U.S. agribusiness giant Cargill said it is selling its poultry business in China to private equity firm DCP Capital, exiting a Chinese meat market that has become increasingly challenging, especially for foreign players. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but…
By James Oliphant CLIVE, Iowa (Reuters) -Florida Governor Ron DeSantis stepped up his attacks on Republican rival Donald Trump on Tuesday as he kicked off his first campaign swing as a presidential candidate in Iowa. While DeSantis rarely alluded to the former president during remarks at an evening rally, he showed less restraint afterward when…
By David Shepardson (Reuters) – A U.S. judge ruled late on Tuesday that relatives of those killed in a 2019 Boeing 737 MAX Ethiopian Airlines crash may seek compensation for pain and suffering of passengers before the plane hit the ground. Boeing in 2021 agreed to acknowledge liability for compensatory damages in lawsuits filed by…
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling saga nearly over, the state of the global economy hoves back into view – with contrasting interest rate pictures that saw the dollar climb across the board. A deepening contraction of Chinese factory activity this month…
By Aditi Shah NEW DELHI (Reuters) – General Electric’s aviation arm, already expecting to benefit from a boom in Indian domestic air travel, sees an even bigger boost from a surge in international travel that will drive demand for larger jets, its country head said. Engines built by GE Aerospace and partner Safran power about…
By Daniel Trotta and Steve Gorman LOS ANGELES (Reuters) – A California appeals court overruled Governor Gavin Newsom on Tuesday to find Leslie Van Houten, one of Charles Manson’s murderous “family” of followers, entitled to parole after more than 50 years in prison for her part in the cult’s 1969 killing spree. Van Houten, 73,…
(Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. The company said the model is limited to 300 units globally and that it has opened reservations in both U.S. and China. The startup also launched the regular FF 91…
