Airlines warned against complacency after dream safety run
SYDNEY (Reuters) – Global airlines, coming off a record-low accident rate in 2017, need to guard against complacency over safety as heavy growth in travel demand stretches the air transport system, industry leaders warned at a conference this week.
Euro boosted but bonds and stocks cautious after hawkish ECB comments
LONDON (Reuters) – The euro rose to a ten-day high on Wednesday after hawkish comments from the European Central Bank, adding upward pressure to bond yields and sinking some stocks as worries over Italy also weighed.
Airlines struggle with global pilot shortage
SYDNEY/BANGKOK/MONTREAL (Reuters) – A growing shortage of airline pilots is putting the industry’s recent growth at risk as planes sit idle, higher salaries cut into profits and unions across the globe push for more benefits.
Uber jumps into European bicycle-sharing market
(Reuters) – Ride-hailing company Uber said on Wednesday it would launch electric bicycle sharing service JUMP Bikes, which it bought last month, in Europe as it seeks to expand into other transportation modes and make peace with local authorities.
G7 likely to discuss global economy, concerns about U.S. trade policy: Japan’s Suga
TOKYO (Reuters) – Japan’s top government spokesman said on Wednesday that the Group of Seven leaders were likely to discuss the global economy and concerns about U.S. trade policy.
World’s top wealth fund opposed Musk’s double role at Tesla
OSLO (Reuters) – Norway’s $1 trillion wealth fund said on Wednesday it had backed an initiative to wrest the role of chairman away from Tesla Chief Executive Elon Musk.
Air Baltic’s hurry for Bombardier CSeries deal foreshadows jet selling spree
SYDNEY (Reuters) – Latvia-based AirBaltic hastened a deal for Bombardier CSeries planes before Airbus formally takes over the Canadian planemaker because it was worried about securing the right delivery slots, the carrier’s chief executive said on Wed…
Asia stocks climb as techs lift Wall Street, Italy still a worry
TOKYO (Reuters) – Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent …
Foxconn imagines life beyond Apple but faces major risks as it diversifies
TAIPEI (Reuters) – Foxconn, the Taiwanese contract manufacturer that rose to global prominence as the manufacturer of the Apple iPhone, is trying to reinvent itself as smartphone sales plateau and Apple Inc diversifies its supplier base.
Online shopping boom keeps hopes high for air freight profits
SYDNEY (Reuters) – An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence.
