Business

Analysis-Iran war leaves crisis-weary European airlines ready for a shakeout

Thursday, July 16 by SRN News

By Joanna Plucinska, Tim Hepher and Alessandro Parodi LONDON, July 16 (Reuters) - As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs that Europe's financially weaker carriers may be headed for a shakeout. British budget carrier... Read More.

Asian shares mostly decline with South Korea’s Kospi down 6.6%, while oil prices slip

Thursday, July 16 by SRN News

HONG KONG (AP) - Asian shares were mostly lower Thursday and oil prices slipped despite a flurry of strikes between the U.S. and Iran. U.S. futures edged higher. Selling of AI-related shares weighed on benchmarks in South Korea and Japan. An interest rate hike by... Read More.

Uber launches $14.8 billion takeover bid for Delivery Hero

Thursday, July 16 by SRN News

BERLIN, July 16 (Reuters) - Uber on Thursday launched a public takeover offer for Delivery Hero that values the German food delivery company at around $14.8 billion, as part of the U.S. ride-hailing firm's efforts to widen its food delivery network abroad. Uber, which... Read More.

Verdict due in trial over 2018 bridge collapse in Italy that killed dozens

Thursday, July 16 by SRN News

MILAN (AP) - Family members of the 43 people killed when Genoa's Morandi highway bridge collapsed nearly eight years ago are expected to pack a courtroom Thursday for verdicts in the trial of 57 defendants charged in a disaster that exposed deep failures in... Read More.

UK’s Ocado says talking to multiple potential partners in U.S

Thursday, July 16 by SRN News

LONDON, July 16 (Reuters) - British technology and online grocery group Ocado said it was focused on winning new business in the U.S., where it was talking to multiple retailers, as it stuck to forecasts for cash flow to turn positive. London-listed Ocado, which provides... Read More.

Taiwan computer chipmaker TSMC pledges another $100 billion to expand US chipmaking capacity

Thursday, July 16 by SRN News

HONG KONG (AP) - Major Taiwan computer chipmaker TSMC said Thursday it plans to spend another $100 billion on expanding its manufacturing capacity in the United States. The latest commitment appears to bring the company's total pledges for investment in U.S. chipmaking to $265... Read More.

Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

Wednesday, July 15 by SRN News

WASHINGTON (AP) - Federal Reserve Chair Kevin Warsh on Wednesday navigated a series of thorny questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine... Read More.

Economic activity rising and inflation easing slightly, Fed survey shows

Wednesday, July 15 by SRN News

By Ann Saphir July 15 (Reuters) - Federal Reserve policymakers preparing for their next policy meeting in two weeks got a fresh snapshot on Wednesday of a broadly improving economy, with employment on the rise but not straining wage bills, and inflation easing slightly but... Read More.

Busiest US container port sets cargo record in June

Wednesday, July 15 by SRN News

By Lisa Baertlein LOS ANGELES, July 15 (Reuters) - The Port of Los Angeles, the busiest U.S. container seaport, said on Wednesday it set a June cargo record as shippers ranging from retailers to data center builders rushed in goods to avoid higher fuel costs... Read More.

US Mint produces a $1 coin bearing Trump’s face to help celebrate America’s 250th birthday

Wednesday, July 15 by SRN News

WASHINGTON (AP) - The U.S. Mint has begun producing a new $1 coin bearing President Donald Trump's face to help celebrate America's 250th birthday, the Treasury Department said Wednesday. The final design for the commemorative coin, being released in the fall, was approved earlier this... Read More.

Current Weather

Analysis-Iran war leaves crisis-weary European airlines ready for a shakeout

Asian shares mostly decline with South Korea’s Kospi down 6.6%, while oil prices slip

Uber launches $14.8 billion takeover bid for Delivery Hero

Verdict due in trial over 2018 bridge collapse in Italy that killed dozens

UK’s Ocado says talking to multiple potential partners in U.S

Taiwan computer chipmaker TSMC pledges another $100 billion to expand US chipmaking capacity

Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

Economic activity rising and inflation easing slightly, Fed survey shows

Busiest US container port sets cargo record in June

US Mint produces a $1 coin bearing Trump’s face to help celebrate America’s 250th birthday

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