News
US does not think airline industry needs bailout, has access to cash
3+ hour, 12+ min ago (156+ words) WASHINGTON, May 2 (Reuters) - U. S. Transportation Secretary Sean Duffy said "Saturday he "does not think the government needs to bail out low-cost airlines "that "have sought $2. 5 "billion in government "relief because of high jet fuel prices. "I would. .. WASHINGTON, May 2 (Reuters) " U. S. Transportation…...
China's Commerce Ministry blocks US sanctions against five refineries
4+ hour, 57+ min ago (231+ words) SHANGHAI, May 2 (Reuters) " China's Ministry of Commerce said on Saturday it had issued an injunction to block U. S. sanctions "imposed on five Chinese refiners accused "of buying Iranian oil, according to state news agency Xinhua. The ministry named the five as…...
Berkshire Hathaway operating profit rises, cash sets record
5+ hour, 6+ min ago (313+ words) OMAHA, Nebraska, May 2 (Reuters) " Berkshire Hathaway on Saturday reported a higher first-quarter operating profit, aided by gains in insurance and its other major "operating segments. Profit from the Omaha, Nebraska-based conglomerate's dozens "of businesses rose 18% to $11. 35 billion, or about $7, 891 per…...
China's railway hit new single-day passenger record on May Day
9+ hour, 6+ min ago (125+ words) SHANGHAI, May 2 (Reuters) " China's railway network transported 24. 8 million passengers "on May 1, "setting a new single-day record, according to data from the China State Railway "Group. A "report on Saturday "in the "official Xinhua news agency said the national railway system…...
Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says
9+ hour, 47+ min ago (284+ words) BERLIN, May 2 (Reuters) " The tariff hike on cars and trucks from the European Union announced by U. S. President Donald Trump could cost Germany "nearly 15 billion euros ($17. 58 billion) in output, an "economic institute told Reuters on Saturday. The estimate from the Kiel…...
Spirit Airlines prepares to cease operations overnight, sources say
14+ hour, 34+ min ago (124+ words) May 1 (Reuters) - Bankrupt discount carrier Spirit "Airlines is "preparing to cease operations around 3 a. m. "on "Saturday (0700 "GMT), two "people close to the discussions, who declined "to be named as "the "information is "private, told Reuters "late. .. Spirit Airlines prepares to cease…...
Australia worried over mouse infestation's impact on food supply
15+ hour, 9+ min ago (192+ words) May 2 (Reuters) " Australia's government said on Saturday it was worried about a plague of mice in "the west and would keep "working with industry to curb its impact on food supply. "Obviously we're concerned about the mice situation including in…...
Coinbase says deal reached on key provision of crypto bill
16+ hour, 22+ min ago (307+ words) May 1 (Reuters) " Coinbase'said on Friday a deal has been reached on a key provision in a landmark crypto legislation that could clear the path for the bill "to move forward'in the U. S. Senate. " The bill "stalled earlier this year because banks…...
Barclays lifts 2026 Brent forecast to $100 on prolonged Hormuz disruption
19+ hour, 53+ min ago (272+ words) May 1 (Reuters) " Barclays on Friday raised its 2026 Brent crude forecast to $100 per barrel from $85, citing the impasse in the Strait of "Hormuz. An Iranian proposal on negotiations with the U. S. "pressured Brent crude oil futures on Friday, but prices were higher…...
Brown University cuts stake in Blue Owl private credit fund by over 50%
19+ hour, 54+ min ago (293+ words) May 1 (Reuters) " Brown University's $8 billion endowment cut its stake in a publicly traded private credit fund run by alternative asset manager Blue Owl Capital "by roughly 53%, according to a regulatory filing "on Friday. The Ivy League institute slashed its stake…...