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By Rajesh Kumar Singh CHICAGO (Reuters) – Before U.S. airlines resume share buybacks, they should invest in their workers and fix their operational issues, aviation unions said on Thursday while launching a public campaign against the practice. As part of the federal COVID-19 relief package, airlines have been prohibited from buying back their shares. The …

Airline unions launch campaign against stock buybacks Read More »

By Bianca Flowers (Reuters) – Deere & Co is expected to report double-digit sales growth in its Friday results, fueled by strong equipment demand from farmers flush with cash that has helped the company raise pricing. The farm-equipment-maker is likely to bounce back from its previous quarter sales miss, analysts said, as soybean and corn …

Deere’s sales expected to rise on increased demand Read More »

By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Sri Lanka’s central bank held rates steady on Thursday and the governor sounded a note of cautious optimism about the damaged economy, saying foreign exchange reserves were on the mend and runaway inflation could peak as early as September. Still, the economy is likely to contract 8% …

Sri Lanka central bank holds rates, governor cautiously optimistic on economy Read More »

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The Russian rouble steadied and stocks were flat on Thursday, lacking new momentum in summer trade, while bond prices inched higher after inflation data underpinned expectations for another rate cut by the central bank. At …

Russian rouble steadies, bonds slightly up on inflation data Read More »

LAGOS (Reuters) – Dubai’s Emirates will suspend flights to Nigeria from next month over an inability to repatriate funds from Africa’s most populous nation, the airline said on Thursday. The decision highlights the difficulties faced by international carriers that fly to Nigeria, which is one of the biggest markets in Africa for several of them. …

Emirates to suspend Nigeria flights from September over trapped funds Read More »

BEIJING (Reuters) – China opposes a new chips act passed by the United States and will take forceful measures to safeguard its legitimate rights when necessary, said China’s commerce ministry on Thursday. Some provisions in the U.S. act restricted normal economic, trade and investment activities of relevant firms in China, Shu Jueting told a regular …

China opposes U.S. chip act, to take measures to safeguard rights Read More »

By Gigi Zamora NEW YORK (Reuters) – Teachers face a harsh lesson as inflation drives up the cost of everything from paper to pencils before the school year begins, leading some to cut back on supplies – or substitute with cheaper items. “If you ask any teacher, Ticonderoga pencils are it,” said Kristina Eisenhower, 35, …

Pricey pencils, paper: U.S. teachers get schooled in inflation Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve’s meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September. Major indexes sharply cut their losses after the release of the minutes, with the …

Wall Street ends down, but indexes briefly cut losses after Fed minutes Read More »

(Reuters) -Auckland International Airport Ltd posted its second straight annual loss on Thursday but said it would return to profit in 2023 as demand for air travel picks up in the country following the easing of COVID-19 curbs. New Zealand has in recent months reopened its borders and loosened restrictions that led to one of …

NZ’s Auckland Airport predicts profit in 2023 after two years of loss Read More »