DALLAS (AP) — The three biggest U.S. airlines enjoyed a boffo summer, reaping a combined profit of more than $2 billion as Americans jammed on to planes despite fares that were sharply higher than a year ago. What pandemic? American Airlines said Thursday that it earned $483 million on record-breaking revenue that more than offset…
By Andy Sullivan and Jacqueline Thomsen WASHINGTON (Reuters) – The divided U.S. Congress is running out of time to raise the federal government’s $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. If Congress fails to act, some legal experts say Democratic…
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesian central bank governor Perry Warjiyo emphasised on Wednesday the need to adjust interest rates early to control inflation, which is near its highest rate in seven years. But availability of energy subsidies next year would let Bank Indonesia (BI) moderate rises in interest rates, Warjiyo said….
By Stella Qiu and Rae Wee SYDNEY/SINGAPORE (Reuters) – European shares were off to a cautious start on Monday while Wall Street futures struggled, with traders left on edge as U.S. debt ceiling negotiations approached crunch time after stalling last week. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss…
TYRNAVOS, Greece (AP) — In Greece’s rural heartland, tractors have become a symbol of anxiety. For weeks, they have been parked along the country’s highways, their owners threatening to block traffic. Farmers are desperate for additional financial aid to cope with surging energy prices that are pushing up their costs for fuel and fertilizer, posing…
Ukrainian President Volodymyr Zelenskyy has formally ruled out talks with Russia following its illegal annexation of Ukrainian territories. Zelenskyy’s decree released Tuesday declares that holding negotiations with Russian President Vladimir Putin has become impossible after his decision to annex four regions of Ukraine. The decree enacted a decision by Ukraine’s National Security and Defense Council…
By David Thomas (Reuters) – A Florida lawyer was sentenced to four years in federal prison for mail fraud on Thursday after prosecutors in New York said he filed hundreds of fraudulent disability lawsuits using stolen identities. U.S. District Judge Paul Gardephe in Manhattan also ordered Stuart Finkelstein, 68, to pay a $200,000 fine and…
By Takaya Yamaguchi TOKYO (Reuters) – Japan aims to reform labour law, easing the way for couples to work and share household chores, in a bid to avert an expected sharp fall in the number of its young people by the 2030s, three government sources with direct knowledge of the matter said. Prime Minister Fumio…
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank is set to hold the benchmark interest rate steady at 75% after months of consecutive hikes, two sources said, with the entity’s directors hopeful that monthly inflation will gradually slow down in the remainder of the year. The bank had been mulling another potential hike after…
By Gram Slattery ARLINGTON, Virginia (Reuters) -Former South Carolina Governor Nikki Haley said on Tuesday she was personally against abortion rights but bore no ill will for those who felt differently, in a rare foray by a Republican White House hopeful into one of the more sensitive issues of the 2024 U.S. election campaign. In…