Business

Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade

Thursday, May 28 by SRN News

By Seher Dareen and Shariq Khan LONDON/NEW YORK, May 28 (Reuters) - From Antwerp to the Seychelles, Baton Rouge to Melbourne, or New York to Namibia, the closure of the Strait of Hormuz has upended global jet fuel flows. Rather than acute shortages, the immediate... Read More.

USPS, DHL partner in a $10 billion ‘last-mile’ delivery agreement

Thursday, May 28 by SRN News

NEW YORK (AP) - The United States Postal Service said Thursday it reached a $10 billion deal to provide "last-mile" package delivery services for DHL eCommerce, an arm of German package services provider DHL. The USPS said in December it intended to open its last-mile... Read More.

Exclusive-Ousted BP Chair met activist shareholder Elliott without direct knowledge of other directors, sources say

Thursday, May 28 by SRN News

By Shadia Nasralla LONDON, May 28 (Reuters) - Ousted BP Chairman Albert Manifold met with activist shareholder Elliott Management during his tenure without telling fellow board members directly, two sources with knowledge of the matter told Reuters. BP dismissed Manifold this week after less than... Read More.

Southwest sees no demand hit from fare hikes despite higher fuel costs

Thursday, May 28 by SRN News

CHICAGO, May 28 (Reuters) - Southwest Airlines CEO Bob Jordan said on Wednesday the carrier has seen no drop-off in demand after joining seven industry fare increases since February, making him increasingly confident the airline can offset higher fuel costs with stronger revenue. Speaking at... Read More.

Fed Chair Warsh’s preferred inflation measure is cooling. A big pinch of salt is advised

Thursday, May 28 by SRN News

By Ann Saphir May 28 (Reuters) - One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again on Thursday, offering evidence for his belief inflation is improving and against the view of a growing number of other policymakers that interest... Read More.

Carney calls for new partnership with US as Trump mulls whether to renew free trade agreement

Thursday, May 28 by SRN News

TORONTO (AP) - Canadian Prime Minister Mark Carney called for a new partnership with the United States on Thursday, just weeks before President Donald Trump decides on whether to renew the free trade agreement between the countries. Carney said in a speech at the Economic... Read More.

EU envoy seeks more vessels to secure Hormuz navigation once the war in Iran ends

Thursday, May 28 by SRN News

LIMASSOL, Cyprus (AP) - The European Union's foreign policy chief said Thursday securing freedom of navigation through the Strait of Hormuz after the Iran war ends will require more ships, including more vessels from Europe, and the expansion of a current EU naval mission. The... Read More.

Goldman Sachs says on track for near-record M&A volumes in 2026

Thursday, May 28 by SRN News

NEW YORK, May 28 (Reuters) - Goldman Sachs' merger and acquisition volumes this year are on course to approach a 2021 record, with corporate activity driving dealmaking, its president John Waldron said on Thursday. "We're on track to be near the record, if not breaching... Read More.

Former Yemen president Abdrabbuh Mansour Hadi dies at 80

Thursday, May 28 by SRN News

ADEN, Yemen (AP) - Abdrabbuh Mansour Hadi, the internationally recognized president of Yemen who led a fractured government mostly from exile for eight years as the country descended into civil war and famine before stepping down in 2022, died on Thursday. He was 80. State-run... Read More.

Cheniere signs deal with Bechtel to expand US LNG export capacity

Thursday, May 28 by SRN News

May 28 (Reuters) - Cheniere Energy Partners said on Thursday it had signed a contract with Bechtel Energy for engineering, procurement and construction for the first phase of its Sabine Pass LNG expansion project in Cameron Parish, Louisiana. Here are more details: • The Sabine Pass... Read More.

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Baton Rouge to Melbourne: Iran war and rising prices upend jet fuel trade

USPS, DHL partner in a $10 billion ‘last-mile’ delivery agreement

Exclusive-Ousted BP Chair met activist shareholder Elliott without direct knowledge of other directors, sources say

Southwest sees no demand hit from fare hikes despite higher fuel costs

Fed Chair Warsh’s preferred inflation measure is cooling. A big pinch of salt is advised

Carney calls for new partnership with US as Trump mulls whether to renew free trade agreement

EU envoy seeks more vessels to secure Hormuz navigation once the war in Iran ends

Goldman Sachs says on track for near-record M&A volumes in 2026

Former Yemen president Abdrabbuh Mansour Hadi dies at 80

Cheniere signs deal with Bechtel to expand US LNG export capacity

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