(Reuters) – United Airlines (UAL.O) plans to resume service on more than 25 international routes in September, the U.S. carrier said on Friday, as many countries ease travel restrictions imposed to control the COVID-19 pandemic. The airline said it will
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Under Armour records smaller-than-feared loss, shares surge
(Reuters) – Under Armour Inc (UAA.N) (UA.N) reported a smaller-than-expected quarterly loss on Friday, as it sold more merchandise online with customers staying at home during the coronavirus lockdowns, sending its shares up about 10% in premarket trading. Even as
Record losses cannot be sustained without action, says BA owner
The chief executive of British Airways’ owner IAG has warned record losses cannot be sustained as he defended cutbacks to the airline. Speaking to Sky News’ Ian King Live programme, Willie Walsh stressed the unprecedented challenge posed by the coronavirus
Ford lifted by VW's Argo investment, posts quarterly profit
(Reuters) – Ford Motor Co (F.N) on Thursday posted a quarterly profit thanks to an investment by Volkswagen AG (VOWG_p.DE) in its self-driving Argo AI unit, which offset a production shutdown forced by the coronavirus pandemic as the No. 2
Asian stocks make cautious gains, dollar languishes near two-year lows on Fed
SYDNEY (Reuters) – Asian stocks were boosted on Thursday by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve pledged to support the country’s virus-battered economy, though record-shattering COVID-19 cases tempered gains. In a mixed lead for
Coronavirus: Lloyds in the red as bank books £3.8bn charge for bad loans
Lloyds Banking Group has plunged into the red after it booked a £3.8bn provision for bad loans arising from the coronavirus crisis. Results covering the first half of the year showed a pre-tax loss of £602m compared to profits of
Global equities edge higher, safe havens flat ahead of Fed meeting
NEW YORK (Reuters) – Stock markets edged higher and perceived safe-haven assets were steady on Wednesday as investors awaited news from the U.S. Federal Reserve’s latest policy meeting. The Fed is expected to sound reassuringly accommodative at its policy review
Once Canada's oil relief valve, rail shipping grinds to near halt
WINNIPEG, Manitoba (Reuters) – After moving record-large Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars’ worth of infrastructure. Rail was Canada’s oil lifeline in
Legal challenges of new rules, possible future initiatives: Are Colorado’s oil, gas wars really over?
Several Colorado conservation groups are intervening in a lawsuit challenging new oil and gas rules, and an environmental organization says it might pursue an initiative in 2022 despite talk of a ceasefire in the battle over new regulations. A Denver
IATA says airline traffic recovery to take longer than expected
PARIS (Reuters) – Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 – a year longer than previously expected – for passenger traffic to return to pre-crisis levels. In an update on the crisis