Article content SYDNEY — Qantas Airways Ltd will offer A$50 ($34) vouchers, loyalty status extensions and lounge passes to frequent flyers to apologize for a rise in delays, cancellations, lost baggage and staffing issues since travel demand rebounded. Airlines around the world, including domestic rival Virgin Australia, are facing similar problems but Qantas had attracted […]
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Aug 20, 2022 • 59 minutes ago • 1 minute read • Join the conversation Article content ANKARA/KYIV — Two more ships carrying grain have left Ukraine’s Chornomorsk port, Turkey’s Defence Ministry said on Saturday, bringing the total number of vessels to leave Ukraine’s Black […]
Article content BERLIN — The economic outlook for Germany is gloomy due to energy price rises and supply chain disruptions, the finance ministry said on Friday, a message underscored by a record jump in producer prices. The German economy, Europe’s largest, stagnated in the second quarter, with the war in Ukraine, soaring energy prices, the […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters William Schomberg Publishing date: Aug 19, 2022 • 14 minutes ago • 2 minute read • Join the conversation Article content LONDON — Britain borrowed more than expected in July, official data showed, underscoring the challenge facing the country’s next prime minister over how to provide […]
Article content European shares fell on Friday and were set for a weekly loss, on fears that a tighter monetary policy, inflationary pressures, and an energy crisis could push the global economy into a recession. The pan-European STOXX 600 slid 0.3% as of 0721 GMT, with travel stocks leading the declines. Among the biggest drags […]
Article content MOSCOW — The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertilizer producer Phosagro surged after strong results. At 0704 GMT, the rouble was 0.5% stronger against the dollar at 59.20 […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Westbrook and Alun John Article content SINGAPORE/HONG KONG — The dollar climbed to a three-week high on Thursday after minutes from the Federal Reserve’s July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. Sterling briefly dropped below the […]
Article content STOCKHOLM — Swedish gaming group Embracer announced on Thursday six acquisitions and predicted the deals would boost its earnings by between 550 million crowns and 1.5 billion crowns ($52.8 million-$144 million) over the coming three years. The aggregated upfront purchase price for the businesses amounted to 6.0 billion Swedish crowns, and the likely […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters David Stanway Article content SHANGHAI — China warned that severe drought conditions along the Yangtze river could last well into September as local governments race to maintain power and find fresh water to irrigate crops ahead of the autumn harvest. Beijing has warned of the […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Chen Aizhu Publishing date: Aug 18, 2022 • 12 minutes ago • 2 minute read • Join the conversation Article content SINGAPORE — China’s July gasoline exports rose 19% over a year before to a three-month high, data showed on Thursday, as refiners took advantage of […]