By Aditi Shah DUBAI (Reuters) – Turkey’s Pegasus Airlines will in the coming months begin work on its next plane order as it looks to continue its fast-paced growth into the next decade, the budget carrier’s CEO told Reuters on Sunday. Pegasus, which has seen a rapid recovery in travel after the pandemic, placed an …
Turkey’s Pegasus to begin work soon on new plane order for delivery beyond 2029 Read More »
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Nippon Steel’s vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel and would study selling some assets if necessary for the deal to go through. Vice Chairman Takahiro Mori’s visit so soon …
Nippon Steel’s Mori returns to US this week for talks on US Steel takeover Read More »
By Tim Hepher and Lisa Barrington DUBAI (Reuters) – The next CEO of Boeing should have an understanding of what led to its current crisis and be prepared to look outside for examples of best industrial practices, the head of the International Air Transport Association said on Sunday. U.S. planemaker Boeing is engulfed in a …
Next Boeing CEO should understand past mistakes, airlines boss says Read More »
SYDNEY (Reuters) – Australian home prices climbed at a brisk pace in May, posting the largest monthly gain since October, as a sustained squeeze on supply of affordable homes in most major capital cities continued to push prices up nationwide, data showed on Monday. Figures from property consultant CoreLogic showed national home prices rose 0.8% …
Australia home prices continue to climb, Sydney back at record high Read More »
By Karen Freifeld (Reuters) -The U.S. House of Representatives committee on China has asked the FBI and the intelligence community for a briefing on GenScript Biotechnology Co and three subsidiaries to determine if the Chinese Communist Party has influence over their operations. In a letter dated May 30 to the FBI and the U.S. office …
US lawmakers ask FBI for briefing on GenScript Biotech’s links to China Read More »
FRANKFURT (Reuters) – Safety and quality problems exposed at Boeing following a door plug blowout earlier this year risk shaking travellers’ confidence in flying, a top executive at rival Airbus said. Christian Scherer, CEO of Airbus’ Commercial Aircraft business, told German weekly magazine WirtschaftsWoche that the issues were “a burden for the entire industry”. “Boeing’s …
Boeing’s woes a ‘burden’ for entire sector, Airbus executive says Read More »
By Lisa Barrington and Rajesh Kumar Singh DUBAI (Reuters) -Delta Air Lines is running its largest ever transatlantic schedule this year as it sees healthy travel demand, especially on international routes, senior executives said on Saturday. Delta, one of the largest U.S. airlines, has forecast record high second-quarter revenue thanks to buoyant demand for spring …
Delta Air sees healthy demand, especially on international routes Read More »
(Reuters) – A union representing flight attendants for American Airlines Group Inc on Friday asked workers to prepare for strike action after contract negotiations with the carrier failed to produce an agreement. “We remain apart on the key economics of the deal plus the company’s completely unacceptable demand for scheduling concessions,” the Association of Professional …
American Airlines faces strike threat as union negotiations stall Read More »
(Reuters) – A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the …
Tesla shareholder sues Musk for alleged $7.5 billion insider trading Read More »
By Katie Paul NEW YORK (Reuters) -Meta said on Friday its flagship app Facebook is attracting its highest number of young adults in three years, as it tries to shake the platform’s reputation as the bastion of an older generation. More than 40 million U.S. and Canadian adults aged 18 to 29 now check Facebook …
Meta’s Facebook says it is attracting most young adults in 3 years Read More »
