BUSINESS

General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020.

Oil Prices Fall, Taking A Breather From Massive Surge

Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought.
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General Electric logo is seen through magnifier in front of displayed Aviation, Energy, Healthcare words in this illustration taken, November 9, 2021.

GE Says Aerospace Brand Marks 'Wider Strategic Aperture'

General Electric Chief Executive Larry Culp said on Monday a new "GE Aerospace" brand for its aviation business pointed to a "wider strategic aperture" that could eventually lead to the industrial giant entering new businesses.
An Emirates passenger plane comes in to land at London Heathrow airport, Britain, May 21, 2020.

Emirates Airline Sees Air Travel Equilibrium In 2023

The president of Dubai's Emirates, which has clashed with London's Heathrow over the introduction of a capacity cap, said on Monday a disrupted air travel industry would return to equilibrium in 2023 and must "tough it out" until then.
FILE PHOTO:Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.

U.S. Chip Industry Split Over CHIPS Act Benefits To Intel -sources

Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp, sources familiar with the matter told Reuters.

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