By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) – Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices to extend earlier sharp losses. Oil, which was already down over …
OPEC+ unexpectedly speeds up oil output hikes, oil drops Read More »
By Blake Brittain (Reuters) -British pharmaceutical giant GlaxoSmithKline and rival Pfizer have agreed to end a lawsuit that alleged Pfizer’s respiratory syncytial virus (RSV) vaccine Abrysvo violated GSK’s patent rights in its competing RSV shot Arexvy, according to a Thursday filing in Delaware federal court. GSK and Pfizer said in the filing that they would …
GSK resolves patent lawsuit against Pfizer over RSV vaccines Read More »
By Lisa Barrington SEOUL (Reuters) – Pilots need to be better able to voice safety concerns freely without fear of punishment to reduce the chances of aviation accidents, the head of the International Federation of Air Line Pilots’ Associations (IFALPA) said. “Learning from accidents is not good enough. We need to learn from the successful …
Airline pilots need to be able to voice safety concerns freely, global union body says Read More »
By Jack Queen (Reuters) -New Civil Liberties Alliance, a conservative legal group, on Thursday filed what it said was the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the U.S. president overstepped his authority. The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose …
Trump administration sued over Chinese import tariffs Read More »
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said on Thursday it would launch an investigation after the crew on a United Airlines Boeing 737 flight from Key West, Florida to Newark, New Jersey, reported a fire in the cabin. The airplane diverted and landed safely at Washington’s Dulles airport around 4:45 p.m. ET (2045 …
FAA to investigate after fire reported in cabin of United Airlines flight Read More »
By Andrea Shalal WASHINGTON (Reuters) -Sweeping tariffs announced on Wednesday by U.S. President Donald Trump pose a significant risk to the global economy at a time when growth has been sluggish, the head of the International Monetary Fund said in a statement on Thursday. IMF Managing Director Kristalina Georgieva said it was important to avoid …
IMF’s Georgieva says US tariffs represent significant risk to global outlook Read More »
NEW YORK (Reuters) – U.S. President Donald Trump’s cumulative tariff hikes amount to about 22%, which would be equivalent to the biggest U.S. tax increase since 1968, according to a note from JPMorgan. The bank has raised its risk of global recession to 60%, up from 40% previously, and said the tariff impact could be …
Trump’s tariffs are largest US tax hike since 1968, JPM warns Read More »
By Deborah Mary Sophia (Reuters) -U.S. President Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday. Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in …
Trump tariffs could stymie Big Tech’s US data center spending spree Read More »
By Abigail Summerville NEW YORK (Reuters) – Model Hailey Bieber is exploring a sale of her makeup brand Rhode that could be worth more than $1 billion, according to three people familiar with the matter. Bieber has tapped investment bankers at JPMorgan Chase and Moelis to find a buyer for the cosmetic brand that she …
Exclusive-Hailey Bieber explores sale of her makeup brand Rhode, sources say Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. regulators should require airlines to inspect, and if necessary, replace latches on Boeing 757 airplane doors, the National Transportation Safety Board said on Thursday, citing a 2023 emergency evacuation of a FedEx flight in Tennessee. The NTSB also urged the Federal Aviation Administration to require Boeing 727 and 737 …
US NTSB urges mandatory inspections of door latches on Boeing 757 airplanes Read More »
