Transportation

Economic Resilience Amidst Oil Output Cuts: GCC Growth Prospects

The Gulf Cooperation Council (GCC) economies faced an intricate economic landscape in the second quarter of 2023, marked by reduced…

2 years ago

UK Businesses Seek Clarity Amidst Net Zero Challenge

Amidst the UK's ambitious net zero carbon emissions target by 2050, a recent survey has shed light on the struggle…

2 years ago

Lost Russian oil revenue is bonanza for shippers, refiners

Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and…

3 years ago

U.S. finalizes $2.5 billion loan to GM, LG battery joint venture

The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of…

3 years ago

Analysis: High energy prices could sink U.S. stocks during earnings season

Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could…

3 years ago

SoftBank Vision Fund posts $26 bln loss; Son pledges defence

Japan's SoftBank Group Corp (9984.T) reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest…

4 years ago

Omicron restrains U.S. manufacturing; supply bottlenecks slowly easing

A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting…

4 years ago

Starbucks to hike prices to offset inflation; lowers profit guidance

Starbucks Corp (SBUX.O) will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as…

4 years ago

Singapore reviews inflation forecasts as core prices near 8-year high

Singapore is reviewing its official inflation forecasts, authorities said on Monday, after data showed its key price gauge climbed in…

4 years ago

U.S. Thanksgiving air travel set to be busiest since pandemic began

Airports and commercial airlines across the United States registered one of their busiest days since before the pandemic on Wednesday…

4 years ago