(Reuters) -Air Canada is growing capacity to meet robust demand for travel after Canada’s largest airline reported a smaller-than-expected quarterly loss on Friday. Major airlines are benefitting from rising travel demand and airfares, as traffic rebounds to levels seen prior to the COVID-19 pandemic, despite contending with higher costs and strapped balance sheets. Canada, which…
By Nelson Banya and Felix Njini (Reuters) -Gold miner AngloGold Ashanti will move its primary listing to New York from Johannesburg in a bid to access a deeper pool of investors and reduce risks associated with South Africa, it said on Friday. The company has shifted its focus to more lucrative mines in Ghana, Tanzania,…
By Andrea Shalal NIIGATA, Japan (Reuters) -Treasury Secretary Janet Yellen said there was still uncertainty about exactly when Treasury would run out of cash to pay U.S. government debts, but she would keep Congress apprised of any change in the date, which could come as early as June 1. Speaking on the sidelines of Group…
By Nandita Bose WASHINGTON (Reuters) -U.S. Vice President Kamala Harris will kick off fundraising for Democrats’ 2024 re-election campaign in the swing state of Georgia on Friday, as she and President Joe Biden start to tap donors who contributed over $1 billion to the 2020 campaign. Harris will headline the Democratic Party of Georgia’s “Spring…
By Victoria Klesty OSLO (Reuters) -Norwegian Air is expecting one of its strongest summer seasons ever, but is concerned a shortage of Danish air traffic controllers could lead to problems, the budget airline said on Friday. The comments, which came as the company reported a loss for its seasonally weaker first quarter, chime with those…
By Daniel Leussink and Elaine Lies TOKYO (Reuters) -Nissan’s Chief Operating Officer Ashwani Gupta will not be reappointed to the board when his term expires next month, the automaker said on Friday, casting doubt on the future of the high-profile executive who had been seen in the running for CEO. The departure from the board…
By Christian Kraemer and Tetsushi Kajimoto NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday. Japan, which is hosting a three-day G7 meeting to debate key global themes…
By James Davey LONDON (Reuters) – British lawmakers launched an investigation on Friday into the fairness of the country’s food supply chain, seeking to understand why households are facing the highest levels of food price inflation since the 1970s. The cross-party Environment, Food and Rural Affairs (EFRA) Committee of the House of Commons, the lower…
By David Milliken and William Schomberg LONDON (Reuters) -Britain’s economy grew sluggishly in early 2023, better than the shallow recession once expected, but an unexpectedly sharp drop in output in March underscored how fragile its recovery remains. Gross domestic product (GDP) edged up 0.1% in the first three months of the year, official data showed…
By Sarah Young and Paul Sandle LONDON (Reuters) -Mike Lynch, co-founder of UK software firm Autonomy, has been extradited to the United States to face criminal charges in a near decade-long legal battle and fall from grace for a man once hailed as Britain’s answer to Bill Gates. Lynch faces 17 charges over Hewlett Packard’s…
