Portuguese airline TAP says turnaround on track despite fuel costs, FX
LISBON – The restructuring at Portuguese airline TAP, designed to bring it back to profit in the next few years, is on track despite soaring fuel costs and the dollar’s…
LISBON – The restructuring at Portuguese airline TAP, designed to bring it back to profit in the next few years, is on track despite soaring fuel costs and the dollar’s…
WASHINGTON – U.S. worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labor costs accelerated, the government confirmed on Thursday, signs that…
By Manoj Kumar AGRA, India – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle for…
MADRID – Factory activity in Spain picked up some speed in May, a survey showed on Wednesday, although rising production costs and geopolitical uncertainty weighed on sentiment among businesses. S&P…
SYDNEY – Australia’s new Treasurer on Wednesday said he wanted to see minimum wages rise fast enough to keep pace with surging inflation, as a looming spike in energy prices…
(Reuters) – The Biden administration on Tuesday said it would substantially reduce the cost of building wind and solar energy projects on federal lands to help spur renewable energy development…
GENEVA – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher energy prices, the institute’s chief…
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost…
By Manoj Kumar NEW DELHI – T.L. Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living costs soaring, he is now…
By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG – A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a…
By Nqobile Dludla JOHANNESBURG – South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in the next three years and…
By Satoshi Sugiyama TOKYO -Japan’s Honda Motor on Friday forecast a 7% fall in annual earnings, instead of an expected rise, and warned that the long chip crunch and rising…
By Tim Hepher DUBLIN – Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft prices but still leaving manufacturers…
‘Hidden Tax’: Inflation Runs Rampant After Biden Skirts Blame On Rising Costs Thomas Catenacci on May 11, 2022 Inflation eased in April, but still surged 8.3% year-over-year, a pace far…
By Karin Strohecker and Sujata Rao LONDON – Barely recovered from a two-year bout of COVID, emerging markets now face capital flight, inflation, and even debt defaults as the dollar’s…
Fuel Prices Hit Record Highs After Biden Promised To Lower Costs Thomas Catenacci on May 10, 2022 The average price of gasoline in the U.S. shot up to a new…
FRANKFURT – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the COVID-19 pandemic weighed on its…
By Dhara Ranasinghe LONDON – The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not have much wiggle room before…
NEW YORK – Blue Apron Holdings Inc reported a bigger-than-expected loss, as a drop in orders per customer and higher food and labor costs hurt the online meal kit company’s…
TOKYO -Japan’s No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of…
By Aluisio Alves (Reuters) – MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago…
By Tim Hepher DUBLIN -Airlines face a slew of growing costs in the coming year including higher insurance, fuel, labour and lease rates, the chief executive of major aircraft lessor…
(Reuters) – Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said on Wednesday. “We regularly re-evaluate our…
By John Revill ZURICH -Geberit will raise prices again this year as it tackles “an unprecedented surge” in raw materials costs hitting the construction industry, the Swiss plumbing products maker…
WASHINGTON – The top Republican in the U.S. Senate said on Tuesday he would keep the chamber’s filibuster rules in place “at all costs” if he were the leader of…