By Stephanie Kelly NEW YORK (Reuters) – Oil prices were on track for their biggest monthly gain in almost a year on Monday, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East. The most-active Brent contract, for April delivery, was trading up 48 cents to $89.00 per barrel by…
LISBON, Portugal (AP) — A landslide election victory has opened the door for Portugal’s Socialists to start spending a huge financial windfall from the European Union, though the center-left party faces plenty of challenges. The Socialists collected 41.7% of the vote and a majority 117 seats in the 230-seat parliament in Sunday’s ballot, far ahead…
PARIS (Reuters) – Automaker Stellantis may cut up to 1,400 jobs in France this year as it continues to adapt to a changing industry, three union sources said a day before management and unions sit down to discuss pay and employment conditions. The company cut some 1,380 jobs, all through voluntary redundancies, in France last…
DUBLIN (Reuters) -The Irish airline Ryanair on Monday urged Belarus to guarantee that there would be no repeat of the forced landing of one of its flights last May, and said airlines should not fly over Belarus without such a guarantee. The plane was overflying Belarus on its way from Athens to Vilnius when Belarus…
By Mike Stone WASHINGTON (Reuters) – Lockheed Martin announced on Monday that a future Air Force mid-air refueling tanker would be made in Alabama and Georgia, potentially creating 1,300 new jobs between the two sites. Expansion and hiring at existing sites in Mobile, Alabama, and Marietta, Georgia for the next U.S. tanker is contingent upon…
(Reuters) – The tech-heavy Nasdaq edged higher on Monday, but was still eyeing its worst start to the year ever as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions. The Dow Jones Industrial Average fell 34.30 points, or 0.10%, at the open to 34,691.17. The S&P 500…
DETROIT (AP) — Among the biggest challenges to transforming automobiles from combustion engines to electricity to fight climate change is the shortage of metals needed to make batteries. Early on, JB Straubel saw a huge opportunity from the shortage — rescuing metals from spent lithium-ion batteries and recycling them for new ones. The idea was…
By Anthony Esposito and Miguel Gutierrez MEXICO CITY (Reuters) -Mexico’s economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting Latin America’s second-largest economy in a technical recession. Gross domestic product (GDP) shrank in the fourth quarter by 0.1% from the previous three-month…
By Conor Humphries DUBLIN (Reuters) – Ryanair expects huge pent-up demand to lead to record summer passenger numbers and higher ticket prices if the recovery is not thrown off course by a new COVID variant, Group Chief Executive Michael O’Leary said on Monday. But he said the budget airline’s outlook remained uncertain and it was…
DUBLIN (Reuters) – Ryanair could base up to 20 planes in Ukraine over the next few years if Russia does not invade and if airports there offer attractive enough deals, Group Chief Executive Michael O’Leary said on Monday. Ryanair has repeatedly said it considers Ukraine as potentially a major growth market and O’Leary said that…
