Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of getting billions of dollars in consumer tax credits that would help the United States compete with Chinese and European rivals.
Qatar Airways' chief executive said on Monday the industry's net-zero 2050 target, which was set last year, would be difficult for airlines to achieve. It is going to be "very challenging", Akbar Al Baker told a press conference at the International Air Transport Associations annual meeting of airline chiefs in Doha.
* Construction & materials among worst hit sectors. * ECB's Lagarde reaffirms rate hike plans. * Renault jumps after Jefferies upgrade. By Sruthi Shankar. European stocks rose strongly on Monday after a sharp selloff last week on recession worries, while gains in French shares were capped after President Emmanuel Macron lost an absolute majority in the country's parliamentary election.
The head of the world's biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter.
The head of the world's biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter.
-European stocks rose strongly on Monday after a sharp selloff last week on recession worries, while gains in French shares were capped after President Emmanuel Macron lost an absolute majority in the country's parliamentary election.
The British government needs to be sensible about public sector pay, junior treasury minister Simon Clarke said on Monday, warning that above-inflation rises would only worsen general inflation that is predicted to top 11% later this year. Teachers and doctors are among those who have threatened to vote on industrial action if their pay demands are not met.
Japanese shares fell on Monday, with chip-related and energy stocks leading declines, while investors struggled to find market moving cues due to a U.S. holiday.
Sri Lanka's government on Friday ordered public sector employees to work from home for two weeks due to severe fuel shortages as the island nation grapples with its worst financial turmoil in seven decades. Sri Lanka is scrambling to find foreign exchange to pay for desperately needed fuel imports, and its existing stock of petrol and diesel is projected to run out in a matter of days.
The leader of a union representing Norwegian oil workers said she would recommend to members a wage deal the union struck with oil companies as it was "good enough", she told Reuters. Two of three unions that negotiated the agreement last week are seeking approval from members before they formally endorse it. Norway is Western Europe's largest petroleum producer.
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