Airlines Using Mexico City Hub Agree To Temporary 15% Cut In Flights
Airlines using the Benito Juarez International Airport in Mexico City have agreed to temporarily reduce flights at the hub from 61 per hour to 52 during peak hours, starting Oct.
U.S. Ban On Smoking In Public Housing Is Upheld
A U.S. appeals court on Friday upheld a ban on smoking in federally subsidized public housing.
Pandemic's Impact On U.S. Productivity May Be A Wash, Research Shows
The coronavirus pandemic touched off a scramble among U.S.
Dutch Under Pressure To Rectify 'Inhumane' Conditions At Asylum Seeker Centre
Pressure rose on the Dutch government on Friday to tackle what refugee advocates have called "inhumane" conditions at its main shelter for asylum seekers as humanitarian group Medecins sans Frontieres sent in a team to assist with medical needs.
FedEx Sues Crusading Delivery Contractor, Seeks Injunction, Damages
FedEx Corp on Friday asked a federal judge in Tennessee to stop one of its largest delivery contractors from "spreading misinformation about our business to unlawfully promote its own business for financial gain."
Pandemic May Have Worsened Trends Towards Sluggish U.S. Labor Supply
U.S. labor markets are even more constrained than the current 3.5% unemployment rate indicates, according to new economic research that argues declines in the number of hours employees want to work were reinforced by the pandemic and are set to continue.
Australia's Ramsay Says KKR-led Group Canned $15 Billion All-cash Bid, Rejects Alternative
Ramsay Health Care Ltd said on Friday a group led by private equity firm KKR & Co Inc has withdrawn a near $15 billion all-cash buyout offer, leaving on the table a cash-and-stock bid that the Australian hospital operator rejected.
Analysis-Mexico's Main Stock Exchange Exodus Gathers Pace With Monex Exit
Mexican brokerage Monex has become the latest in a stream of companies delisting from Mexico's stock exchange, underscoring the struggles of the Bolsa Mexicana de Valores not only to lure IPOs but also to stanch a steady exodus.
U.S. Consumer Spending Edges Up In July; Monthly Inflation Slows Considerably
U.S. consumer spending barely rose in July as a drop in gasoline prices weighed on receipts at service stations, but monthly inflation slowed down considerably, which could give the Federal Reserve room to scale back its aggressive interest rate hikes.
Nasdaq, S&P 500 Muted Ahead Of Powell's Speech
The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth.
Some ECB Policymakers Want 75 Basis Point Hike Discussed In Sept, Sources Says
Some European Central Bank policymakers want to discuss a 75 basis point interest rate hike at the September policy meeting, even if recession risks loom, as the inflation outlook is deteriorating, five sources with direct knowledge of the process told Reuters.
Hungry And Malnourished, Northeast Nigeria Endures Humanitarian Crisis
Lying on a small bed next to her mother, 14-month-old Aisha Usman stares blankly, her eyes sunk in their sockets and rib cage visible.
Under Shadow Of War, Porsche Gears Up For Market Debut
Preliminary steps to list Porsche on the stock market are expected in the coming days, six people familiar with the matter said, adding executives at parent Volkswagen and family members were gathering to sell the idea to wary investors.
China's Bank Of Communications Warns Of Property Market Risks
China's Bank of Communications (BoCom) on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit.
Moderna Sues Pfizer/BioNTech For Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic.
Analysis-Forget Showering, It's Eat Or Heat For Shocked Europeans Hit By Energy Crisis
No more ironing, limited oven use and showering at work - Europeans are trying to keep their energy use down but the bills keep climbing.
Hungary Cenbank Seen Hiking 100 Bps To 11.75% Next Week As Inflation Surges
Hungary's central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year as inflation keeps rising due to surging energy prices and a weak forint.
White House Marks Women's Equality Day With Abortion Rights Push
The White House will mark Women's Equality Day on Friday by meeting state and local leaders to discuss ways to safeguard access to abortions amid a flurry of legal challenges against its efforts to protect reproductive rights.
U.S. Justice Dept. Poised To Release Redacted Affidavit On Trump Search
The U.S. Justice Department is expected to make public on Friday a redacted version of the affidavit that led to the Aug.
Inflation Angst Grips German Consumers As Blues Ease In France
Consumer morale in the euro zone's two biggest economies diverged starkly in August as French consumers benefited from fresh government measures while concerns over rising energy bills hit their German counterparts, surveys showed on Friday.
Afghan Female Journalist Struggles For Women 'Heroes' From Exile
It was when the Taliban came to arrest her and her brother in October that Fawzia Saidzada, an Afghan journalist and women's rights activist, finally decided it was time to flee.
FedEx Missteps Fuel Contractor's Crusade As Pandemic Delivery Boom Fades
Package carrier FedEx Corp is facing a threat from an unusual source - one of its biggest delivery contractors.
Analysis-Musk Tests Limits Of Governance By Having Children With Aide
Elon Musk's decision to have children with one of his top executives at Neuralink pushed the limits of corporate governance norms, according to nine corporate governance experts who offered divergent interpretations of the startup's code of conduct for employees.
Migrants Bused To U.S. Capital From Texas Struggle To Secure Housing, Medical Care
Nearly a month after arriving with their 1-year-old daughter on a bus sent by the governor of Texas to Washington, D.C., Colombian couple Noralis Zuniga and Juan Camilo Mendoza are unsure how long they will be allowed to stay in their city-funded hotel room.
Veteran Of India's Congress Quits With Broadside Against Gandhi Scion
A veteran leader of India's main opposition Congress party quit on Friday, issuing a scathing resignation letter in which he blamed the scion of the influential Gandhi family for the decline of the party that dominated Indian politics for decades.
Pakistan's Balochistan Province Communication Links Snapped By Floods
Already battered by flash floods, Pakistan's Balochistan province lost communication with rest of the country after overnight rains as the South Asian nation struggles to cope with the humanitarian disaster, officials said on Friday.
China Asks Firms, Auditors To Prepare For U.S. Checks In Hong Kong - Sources
Beijing has asked some U.S.-listed Chinese companies and their audit firms to prepare for American inspections in Hong Kong, three sources familiar with the matter told Reuters, as part of efforts to end a more than decade-old audit dispute.
India's Digital Lending Rules Spark Disruption, Firms Plan Pushback
India's stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.
UK's Micro Focus Shares Nearly Double After Canada's OpenText Agrees $6 Billion Takeover
Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText agreed to buy the enterprise software maker in an all-cash deal valuing the British company at $6 billion including debt.
Base Effect To Help Lift India's GDP Growth To Double-digits In April-June: Reuters Poll
India's economy is forecast to have expanded by an annual 15.2% in the April-June quarter, thanks to a weak base last year and a rebound in consumption as pandemic restrictions eased, a Reuters poll found.