By Mike Dolan Sept 9 (Reuters) – Tit for tat is the mood of the moment, with oil prices surpassing $100 per barrel for the first time since July after fresh back-and-forth exchanges in the Iran war, while U.S. bans on some Canadian imports represent the latest volley in that spiraling trade row. Bre
LONDON (AP) — The head of Britain ’s air traffic control system was summoned to a meeting with the country’s transport minister as airlines scrambled Wednesday to dig out from the backlog triggered by technical problems that forced the cancellation of more than 1,750 flights. The problems first surf
By Waylon Cunningham NEW YORK, Sept 9 (Reuters) – Brian Niccol’s first two years at the helm of Starbucks have been a qualified success as his focus on store improvements and marketing has brought customers back to the world’s largest coffeehouse chain. The “Back to Starbucks” restructuring strategy
Sept 9 (Reuters) – Chrysler parent Stellantis is recalling 201,976 Jeep vehicles in the U.S. due to a software error that may cause the tire pressure monitoring system to fail to detect low tire pressure or illuminate the warning light, the U.S. National Highway Traffic Safety Administration said on
TOKYO (AP) — Global shares were mostly lower in cautious trading Wednesday as investors watched for what might happen on interest rates and the war with Iran pushed the price of a barrel of Brent crude oil past $100. Increased fighting in the Middle East is constricting the global flow of oil and mo
By Helen Reid LONDON, Sept 9 (Reuters) – Zara owner Inditex reported weaker than expected second-quarter profit on Wednesday as costs increased due to the Middle East conflict, driving its shares down 3% despite a strong start to autumn trading. The fast-fashion group reported currency-adjusted sale
Two Renoir paintings stolen from a small French museum have yet to be recovered but if the thieves are hoping to cash in on the artwork, they would be hard-pressed to find a buyer. Selling well-known, stolen art is impossible to do at an auction house or through other public channels without raising
By Rocky Swift and Ankur Banerjee TOKYO, Sept 9 (Reuters) – With the recent surge in Japan’s currency to a seven-month high, investors are wondering if this is the beginning of the end of the yen carry trade that has been a pillar of global markets. That trade, which involves borrowing yen at a low
A look at the day ahead in European and global markets from Kevin Buckland Brent crude has climbed to the cusp of $100 a barrel, a level last seen in late July, as fresh fighting in the Middle East fuels fears the conflict could spiral into a broader regional war. That backdrop is keeping a lid on r
By Kevin Buckland TOKYO, Sept 9 (Reuters) – Brent crude rallied towards $100 per barrel on Wednesday, keeping the mood in Asian stock markets subdued, as attacks intensified in the Middle East, stoking inflation worries ahead of the release of closely watched U.S. consumer price data. The yen streng
By Ankur Banerjee SINGAPORE, Sept 9 (Reuters) – The Japanese yen steadied near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil prices pushing towards $100 per barrel in the face of a widening war in the Middle East. Iranian-backed Hou
By Krystal Hu Sept 8 (Reuters) San Francisco – OpenAI is pushing its AI into specialized industries and undercutting open-source rivals on cost, Chief Financial Officer Sarah Friar said on Monday, as the ChatGPT maker sees accelerating enterprise growth. Speaking at Goldman Sachs’ Communacopia + Tec
By Sethuraman N R NEW DELHI, Sept 9 (Reuters) – Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across the Middle East heightened worries about supply disruptions. Brent crude futures rose 1.4%, to $99.33 a barrel by 0212 GMT, w
WASHINGTON, Sept 8 (Reuters) – The Trump administration will ban the import of certain Canadian alcoholic beverages, motor vehicles and dairy products starting September 29, showed notices posted on the White House website on Tuesday. (Reporting by Ryan Jones and Gram Slattery; Editing by Christophe
Sept 9 (Reuters) – CVC Capital Partners on Wednesday named insider Peter Rutland and TPG’s Todd Sisitsky as co-chief executives, setting up a leadership transition as incumbent Rob Lucas prepares to step down in the first quarter of 2028. Lucas, who has led the private equity firm since 2021 and ove
Sept 8 (Reuters) – Smithfield Foods said on Tuesday its fresh pork segment is expected to swing to an adjusted operating loss in the third quarter, due to persistent pressure from lower hog prices and a shrinking industry market spread amid cautious spending. Shares of Smithfield fell nearly 2% in e
By Jody Godoy Sept 8 (Reuters) – Paramount Skydance said on Tuesday that California Attorney General Rob Bonta made statements in television interviews that undermine his legal arguments against the company’s request for a $1.88 billion bond in the Warner Bros. Discovery merger case. Paramount is lo
BURLINGTON, Vt. (AP) — Burton Snowboards tapped into its past Tuesday, naming one-time regional brand manager Denny Bruce to take over as CEO as the company approaches its 50th anniversary. Bruce worked as the snowboard maker’s Mid-Atlantic Brand Manager from 2003-05 before moving onto a career that
By Jamie McGeever ORLANDO, Florida, Sept 8 (Reuters) – A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen extended its strong gains to hit a seven-
Saudi Energy Group Signs Landmark Oil, Gas Agreements With Afghanistan By Arshad Mehmood / The Media Line Saudi Arabia’s Delta Energy Group on Monday signed landmark agreements with Afghanistan’s Ministry of Mines and Petroleum covering oil and gas exploration across approximately 9,000 square miles
Sept 8 (Reuters) – U.S. President Donald Trump said on Tuesday he is directing the General Services Administration to work with the U.S. Trade Representative to take steps to remove Canadian-origin products from the agency’s Multiple Award Schedules unless Ottawa restores “full and fair reciprocity”
By Danielle Kaye NEW YORK, Sept 8 (Reuters) – Nike shareholders have rejected a proposal urging more transparency on its climate goals, including disclosing details on how the sportswear maker intends to reach emissions-reduction targets, the company said on Tuesday. The shareholder resolution resur
LAS VEGAS (AP) — Airport security checkpoints have been the end of the line since soon after the 9/11 attacks for most friends and relatives who want to see off departing passengers. That is changing at some U.S. airports. The Transportation Security Administration is allowing eligible TSA PreCheck
By Katie Paul NEW YORK, Sept 8 (Reuters) – Meta rolled out on Tuesday a long-touted AI assistant that can autonomously send emails, sell a car and book travel on a person’s behalf, despite internal concerns that the technology mismanages its access to sensitive personal data. The company’s Muse agen
By David Shepardson WASHINGTON, Sept 8 (Reuters) – The Trump administration on Tuesday blasted Ford Motor’s business partnerships with Chinese companies, saying they pose national security concerns. U.S. Transportation Secretary Sean Duffy in a letter to Ford CEO Jim Farley sent on Tuesday said the
LONDON (AP) — More than 600 flights were canceled on Tuesday due to a technical issue in Britain’s air traffic control system that caused disruptions at major airports across the U.K., the flight monitoring website Flightradar24 reported. Britain’s National Air Traffic Services said a problem had be
By Abigail Summerville NEW YORK, Sept 8 (Reuters) – The owner of Arthea, the personal care platform whose products include bath and body brand Dr. Teal’s, is exploring a sale that could value the platform at around $2 billion, according to sources familiar with the matter. Private equity firm CVC Ca
TORONTO (AP) — Canadian Prime Minister Mark Carney said Tuesday that Canada would move faster to reduce its economic reliance on the United States and deepen ties with Europe as retaliatory tariffs took effect on about $20 billion worth of U.S. goods and the country braced for U.S. President Donald
Sept 8 (Reuters) – Following are facts about Venezuela’s mining sector, which is attracting interest from U.S. President Donald Trump’s administration. CONFUSION OVER RESERVES AND RESOURCES In 2019, then-Venezuelan President Nicolas Maduro and Delcy Rodriguez, who is acting president, announced a fi
ADEN, Yemen (AP) — Yemen’s Houthi rebels, who launched a wave of attacks on Saudi oil facilities on Tuesday, have become an increasingly disruptive force in the Middle East in recent years, striking Israel, Saudi Arabia and a global shipping route in solidarity with Iran and allied armed groups. The
