U.S. airlines will take part in a Senate oversight hearing this month on the industry, an aviation trade group said on Friday, with lawmakers expected to quiz executives about how carriers used pandemic-related federal aid, staffing issues and other matters. The Senate Commerce Committee has invited the chief executives of seven major U.S. airlines to testify at the planned Dec. 15 hearing.
U.S. airlines will take part in a Senate oversight hearing this month on the industry, an aviation trade group said on Friday, with lawmakers expected to quiz executives about how carriers used pandemic-related federal aid, staffing issues and other matters. The Senate Commerce Committee has invited the chief executives of seven major U.S. airlines to testify at the planned Dec. 15 hearing.
The U.S. tech sector is the next frontier for labor organizing, and its workers are starting to understand the collective power unions have, President of the AFL-CIO Liz Shuler said on Friday at the Reuters Next Conference.
A measure of U.S. services industry activity unexpectedly rose in November, hitting a fresh record high as businesses boosted hiring, but there was little sign that supply constraints were easing and prices remained high.
Canada's main stock index opened higher on Friday, aided by energy stocks as oil prices jumped nearly 3%, with upbeat earnings from Bank of Montreal further boosting sentiment. At 9:37 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 24.18 points, or 0.12%, at 20,786.21.
China's financial regulators will ban banks and insurance firms from providing over-the-counter derivative trading products to individual clients, part of measures to step up risk control of the sector.
Activity in China's services sector expanded at a slower pace in November amid rising inflationary pressures and continuing small-scale COVID-19 outbreaks, a private survey showed on Friday. The Caixin/Markit services Purchasing Managers' Index fell to 52.1 in November from 53.8 in October, but remained above the 50-point mark that separates growth from contraction on a monthly basis.
Activity in China's services sector expanded at a slower pace in November amid rising inflationary pressures and continuing small-scale COVID-19 outbreaks, a private survey showed on Friday. The Caixin/Markit services Purchasing Managers' Index fell to 52.1 in November from 53.8 in October, but remained above the 50-point mark that separates growth from contraction on a monthly basis.
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