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May 24, 2022

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Sri Lanka increases fuel prices to address economic crisis

Reuters
COLOMBO, May 24 (Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a......

Manhattan return-to-office plans face persistent headwinds over COVID, safety

Reuters
The Empire State Building and New York’s skyline are seen from the SUMMIT One Vanderbilt observation deck in Midtown Manhattan, in New York City, New York, U.S., October 18, 2021. REUTERS/Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Efforts by financial......

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

At least seven dead after blaze on Philippine passenger ferry

Reuters
MANILA, May 23 (Reuters) – Seven people have died after a high-speed Philippine ferry carrying 134 people caught fire on Monday, with seven passengers still missing, the coast guard said. The ship caught fire just before reaching the port of Real in Quezon province, about 60 km (37.28 miles) east......

Swiss Re, UBS among founding buyers in carbon removal scheme

Reuters
LONDON, May 23 (Reuters) – Insurance firm Swiss Re (SRENH.S) and banking giant UBS (UBSG.S) are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions......

Canadian Pacific freight train carrying potash derails in Alberta, no injuries reported

Reuters
May 22 (Reuters) – A Canadian Pacific Railway (CP.TO) freight train carrying potash derailed east of Fort Macleod in southern Alberta on Sunday morning, the company said. There were no injuries reported and there are no public safety concerns, CP Rail said. The cause of the derailment in the western......

Earthquake hits north of Norway’s Svalbard, no reports of damage

Reuters
OSLO, May 21 (Reuters) – A magnitude 6 earthquake struck north of the Norwegian Arctic archipelago of Svalbard on Saturday, the European-Mediterranean Seismological Centre (EMSC) said, though police said there were no reports of any injuries or damage. The quake happened 725 km (450 miles) north of Svalbard at a......

Biden says first shipments of baby formula flying in from Europe this weekend

Reuters
May 20 (Reuters) – The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue. Biden said on Twitter the initial military cargo plane......

Russia stops Finland gas flows over payments dispute

Reuters
A view shows valves near a drilling rig at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, May 21......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Royal Mail’s profit outlook shaky on labour dispute; shares slide

Reuters
Shares hit near one-and-a-half-year low 2021-22 adjusted operating profit misses market expectations Royal Mail says CWU dispute a ‘key uncertainty’ this year May 19 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal......

Indian shares slump as inflation, economic slowdown fears linger

Reuters
A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 19 (Reuters) – Indian shares dropped 2% on Thursday, weighed down by a broader market......

Britishvolt, Scorpio Group to research maritime EV batteries, storage

Reuters
A view shows stacked shipping containers at the port of Felixstowe, Britain, October 13, 2021. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – Britishvolt said on Wednesday that Monaco-based Scorpio Group had made a strategic investment in the electric vehicle (EV) battery......

Flight data from China Eastern jet points to intentional nosedive -WSJ

Reuters
WASHINGTON, May 17 (Reuters) – Flight data from a black box recovered from the China Eastern Airlines (600115.SS) jet that crashed in March indicates someone in the cockpit intentionally crashed the plane, the Wall Street Journal reported on Tuesday, citing people familiar with U.S. officials’ preliminary assessment. A Western official......

EXCLUSIVE About 300,000 tonnes of wheat bought by Egypt stranded in Ukraine -trade

Reuters
Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine, July 14, 2016. REUTERS/Valentyn Ogirenko/ Register now for FREE unlimited access to Reuters.com Register CAIRO, May 17 (Reuters) – About 300,000 tonnes of Ukrainian wheat booked by Egypt’s state grains buyer for delivery in February and......

Ryanair cautious about ‘fragile’ recovery, berates Boeing

Reuters
Ryanair aircraft are seen at at dawn at Dublin airport Dublin, Ireland March 20, 2018. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register Ryanair cuts FY loss to 355 million euros Low cost carrier says caution needed heading into winter O’Leary: Boeing management should step up or......

JetBlue launches hostile takeover bid for Spirit Airlines

Reuters
May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc (SAVE.N), two weeks after the discount carrier rejected an offer from the larger rival. JetBlue, which in early April offered $33 per share, is locked in a takeover battle for......

Indian shares follow broader Asia higher; Ambuja Cements, ACC up

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 16 (Reuters) – Indian shares inched higher on Monday as broader Asia tried to hold onto small......

Explosions heard as Somalia’s presidential vote underway

Reuters
With popular vote impossible, lawmakers to elect leader African Union peacekeepers guard airport hangar during ballot Two former Somali presidents among front-runners Residents report sound of mortar explosions near vote MOGADISHU, May 15 (Reuters) – Blasts rang out on Sunday in the Mogadishu airport area where parliament was meeting to......

Norwegian Air posts Q1 loss, flags fuel cost impact on recovery

Reuters
Norwegian Air Sweden Boeing 737-800 plane SE-RRJ approaches Riga International Airport in Riga, Latvia January 17, 2020. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register OSLO, May 13 (Reuters) – Norwegian Air (NAS.OL) posted a loss for the first quarter on Friday and said the surge in......

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