By Ananya Mariam Rajesh (Reuters) -Carnival Corp on Tuesday forecast a loss for the year as the U.S. cruise operator’s efforts to gradually restart operations after a long pandemic-led hiatus face a setback from a surge in fuel prices due to the Russia-Ukraine crisis. Analysts expect rising fuel costs to temper near-term operating results. Jefferies…
(Reuters) -Booking Holdings posted quarterly profit and revenue above market expectations on Wednesday and said it is seeing an uptick in bookings, driven primarily by a recovery in cross-border travel within the European region and North America. Pent-up demand and easing COVID curbs have in recent months sparked a surge in flight and hotel room…
BERLIN (Reuters) – German Economy Minister Robert Habeck on Wednesday announced his country’s exit from the Energy Charter Treaty, as growing dissatisfaction with the agreement in Europe casts doubt over its future. “The Energy Charter Treaty has proven itself in the past to be an obstacle for change,” he said following a cabinet meeting during…
(Corrects attribution of data for graphics and U.S. monthly revenue to Auto Rental News, instead of the American Car Rental Association) By Tina Bellon (Reuters) -The $100 billion Western rental car industry, flush with cash from a profitable pandemic, is gradually getting its electric show on the road, and Chinese-made vehicles are poised to play…
Mining companies have been an integral part of the global economy for centuries. The process of extracting valuable minerals or other geological materials from the Earth has shaped civilizations and continues to drive economic growth. We will focus on some of the most profitable publicly listed mining companies globally, examining their business models, the commodities…
DESERT CENTER, Calif. (AP) — The main highway from Los Angeles to Phoenix was damaged by a flash flood that washed out part of the road through the Southern California desert in the latest bout of punishing monsoonal thunderstorms that have hit the region this summer. The newest round of flooding started Wednesday evening, damaging…
LONDON (AP) — Inflation in the United Kingdom slowed slightly last month as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease. The consumer price index rose 9.9% in the 12 months through August, the Office for National Statistics said…
TOKYO (AP) — Repayment of the more than 10 trillion yen ($68 billion) government funding for cleanup and compensation for the Fukushima Daiichi nuclear plant disaster has been delayed, the Japanese government says. The Board of Audit said in a report released Monday that the delay stems from technical difficulties and Tokyo Electric Power Co….
MILAN (Reuters) – UniCredit plans to further simplify its corporate structure in a move that will see Stefano Vecchi, the head of its Italian private banking and wealth management unit, leave the bank, an internal memo seen by Reuters showed on Monday. The move comes just weeks after Chief Executive Andrea Orcel took direct responsibility…
By Noel Randewich and Johann M Cherian (Reuters) -The S&P 500 climbed to its fourth straight record high close on Wednesday, as Netflix surged following blowout quarterly results and a strong report from ASML fueled gains in chipmakers. Riding optimism about Wall Street’s most valuable companies, Microsoft hit an all-time high, lifting its market value…
