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 …
Costs
U.S. productivity tumbles in first quarter; labor costs surge
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 …
Firms in India’s ancient shoe capital squeezed by costs, fading demand
By Manoj Kumar AGRA, India – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers …
Spanish factory activity picks up in May, costs rising -PMI
MADRID – Factory activity in Spain picked up some speed in May, a survey showed on Wednesday, although rising production costs and geopolitical uncertainty weighed …
Australia’s new Treasurer argues for minimum wage rise as energy costs spike
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 …
U.S. says it will cut costs for clean energy projects on public lands
(Reuters) – The Biden administration on Tuesday said it would substantially reduce the cost of building wind and solar energy projects on federal lands to …
Austria’s WIFO raising 2022 inflation forecast due to energy costs
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 …
German house price inflation to slow as borrowing and living costs bite – Reuters poll
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 …
India’s retirees tap savings, eat less as living costs soar
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 …
S.African central bank eyes digital rand to cut cross-border payment costs
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 …
S.Africa retailer Pick n Pay to cut $187 million in costs in 3 years
By Nqobile Dludla JOHANNESBURG – South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in …
Honda warns of rising costs, forecasts weaker annual profit
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 …
Analysis-Jetmakers’ inflation shield no match for soaring costs
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 …
‘Hidden Tax’: Inflation Runs Rampant After Biden Skirts Blame On Rising Costs
‘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 …
The dollar problem: emerging markets count the costs
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 …
Fuel Prices Hit Record Highs After Biden Promised To Lower Costs
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. …
Lufthansa sees no significant restructuring costs in 2022
FRANKFURT – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the …
For some European states, rising debt costs rekindle 2011 crisis memories
By Dhara Ranasinghe LONDON – The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not …
Blue Apron results miss Wall Street expectations on higher costs
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 …
Steelmaker JFE seeks product price hike of $230/T amid soaring material costs
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 …
MercadoLibre says it is managing to offset costs through pricing
By Aluisio Alves (Reuters) – MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American …
Major aircraft lessor SMBC warns airlines of growing costs
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 …
Facebook parent to slow hiring as costs mount
(Reuters) – Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said on …
Plumbing supplier Geberit to hike prices again as costs rise
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, …
Top Senate Republican says he would seek to preserve filibuster ‘at all costs’
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 …
Continental plans price hikes due to $3.7 billion extra costs in 2022
FRANKFURT – German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) …
China battery maker CATL suffers profit fall as costs soar
SHANGHAI/HONG KONG -CATL, the world’s largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall …
Sabadell’s Q1 hits profitability target after lower costs, provisions
By Jesús Aguado MADRID – Spain’s Sabadell on Thursday hit its profitability target of more than 6% earlier than expected following cost savings, lower provisions …
Easing energy costs curb Spanish April price rises but core inflation jumps
MADRID – Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March’s near 40-year high, preliminary data showed on Thursday, although …
Dollar borrowing costs rise as euro, yen fall
LONDON – Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its …
Cenergistic Energy Management Program to Provide Millions in Savings and Help Combat Rising Energy Costs for Four New Partners
DALLAS, April 26, 2022 — Thanks to a new partnership with Cenergistic, four new organizations will have the technology and resources they need to optimize …
Retailer WH Smith may raise prices to meet higher shipping costs
By Sinchita Mitra (Reuters) -WH Smith may have to raise the prices of certain products this year after the British retailer flagged higher shipping costs …
Citigroup CEO: covering employee travel costs for abortions not statement on ‘sensitive issue’
NEW YORK – Citigroup Chief Executive Jane Fraser said Tuesday that the bank’s policy of reimbursing employee travel to get reproductive healthcare services, including abortions, …
Power costs drive Spanish industrial prices to new record high in March
(Reuters) – Spanish industrial production prices rose at a record annual rate for the sixth straight month in March, pushed up by soaring energy costs, …
Rising calls for U.S. LNG revive stalled export projects, but at higher costs
By Marcy de Luna HOUSTON – Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled …
Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs
By Heekyong Yang SEOUL – Hyundai Motor Co is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting …
Northrop Grumman Agrees to Pay the United States $35 Million for Cleanup Costs at Bethpage Site Costs
Breon Peace, United States Attorney for the Eastern District of New York, and Karnig Ohannessian, Deputy Assistant Secretary of the Navy (Environment & Mission Readiness), …
U.S. airline demand, costs soaring as earnings kick off
By Rajesh Kumar Singh CHICAGO -Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are …
Japan finance panel warns on higher rates pushing up borrowing costs
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public …
BOC Aviation says lessors seeing ‘horrendous’ hikes in insurance costs
By Padraic Halpin DUBLIN – The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes …
U.S. will keep raising economic costs on Putin, Biden says
WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe …
ECB move to temper energy costs would push up unemployment – DIW think tank
FRANKFURT – The European Central Bank could cut households’ fuel bill by raising interest rates but that would weigh on industrial output and boost unemployment, …
Santander to reallocate costs of corporate centre to business units
MADRID – Spain’s Santander on Monday said that starting during the first quarter of 2022 it would change the group’s financial reporting of segments, reallocating …
Maersk warns Shanghai city lockdown to boost transport costs further
SHANGHAI – Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the …
Daimler Truck sees electric trucks costs staying high, FT says
(Reuters) – The chief executive of Daimler Truck said electric truck costs would “forever be higher” than those using combustion engines, the Financial Times reported …
Power costs drive Spanish industrial prices to record high
– Spanish industrial production prices rose at a record annual rate for the fifth straight month in February, pushed up by soaring energy costs, data …
Wall Street cuts McDonald’s profit estimates on Russia costs
By Hilary Russ NEW YORK – Wall Street analysts have slashed their forecasts for McDonald’s Corp’s 2022 and 2023 profit, the latest sign that some …
As costs spike in Japan, even businesses tailored to deflation lift prices
By Kantaro Komiya, Tetsushi Kajimoto and Daniel Leussink TOKYO – As war in Ukraine drives up already high input costs, even firms with business models …
EXCLUSIVE: Migrants Evading Arrest Cause American Communities Near The Border To Pay Significant Costs
EXCLUSIVE: Migrants Evading Arrest Cause American Communities Near The Border To Pay Significant Costs Jennie Taer on March 15, 2022 A Texas rancher gave the …
Yellen says gas tax cut among options to ease higher costs at the pump
By David Lawder DENVER – A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet …