Reuters US Business

By Divya Rajagopal TORONTO (Reuters) – Rogers Communications complicated its chances of getting antitrust approval for a C$20 billion telecom merger after Friday’s massive outage highlighted the perils of Canada’s effective telecom monopoly and sparked a backlash against its industry dominance. The Rogers network outage disrupted nearly every aspect of daily life, cutting banking, transport …

Canadians’ fury over Rogers outage may complicate its merger hopes Read More »

LUSAKA (Reuters) – Zambia is cancelling more than $2 billion worth of projects financed by commercial loans to reduce the risk of accumulating more non-concessional debt, the ministry of finance said. In 2020, Zambia became the first nation to default in the COVID-19 era. At the end of 2021, its external debt stood at $17.27 …

Zambia plans to cancel over $2 billion projects to rein in debt Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said on Sunday the government has completed 10 investigations into airlines over passenger refund-related issues. “We’ll collaborate with airlines when they’re ready to take steps that are positive and proactive, whether that’s improvements in pay that are helping with hiring or flexibility in customer service,” …

U.S. completes refund probes into 10 airlines, plans enforcement actions Read More »

BERLIN (Reuters) -German union Verdi has called on staff at seven Amazon distribution centres to strike over Sunday evening’s night shift in a bid to force the retailer to accept the union’s sectoral collective bargaining agreement. Amazon said it anticipated no impact on operations. “Our active colleagues, who have been fighting for years for a …

German union Verdi calls for ‘Prime Day’ strike by Amazon workers Read More »

By Mathieu Rosemain and Leigh Thomas AIX-EN-PROVENCE, France (Reuters) – France’s energy-intensive companies are speeding up contingency plans and converting their gas boilers to run on oil as they seek to avoid disruption in the event any further reduction in Russian gas supplies leads to power outages. Gathered over the weekend at a business and …

Fearing Russian gas shut-off, France’s industry turns to oil Read More »

JERUSALEM (Reuters) – Flag carrier El Al Israel Airlines reached a collective agreement with its pilots to restore their salaries to pre-COVID pandemic levels and end months of labour action that led to cancelled flights. Under the deal, which is valid through 2025, salaries will return to previous levels by the beginning of 2023, El …

Israel’s El Al to restore pilots’ salaries to pre-COVID levels Read More »

By Leigh Thomas and Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – France’s business elite is grappling to live with a new more hostile political order a month after far-right and hard-left parties robbed President Emmanuel Macron’s government of its control of parliament. The country’s corporate leaders, who were gathered for an annual business conference in southern …

“We’re not the devil”: France Inc. grapples with new political order Read More »

HONG KONG (Reuters) – Chinese property developer Ronshine China Holdings Ltd has not made interest payments on its June 2023 and December 2023 notes, totalling $27.9 million, in the latest blow to China’s embattled property market. Ronshine has not made payment of $12.798 million interest on the 8.1% senior notes due June 2023, which became …

Chinese property developer Ronshine misses interest payments on two bonds Read More »