Business

Oil Rises for Second Day on Signs of Strong Fuel Demand Recovery

Oil prices rose for a second day on Wednesday on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the US secretary of state said sanctions against Tehran were unlikely to be lifted. Brent crude futures were up 15 cents, or 0.2%, at $72.37 […]

Business

Beyond sausages, why are EU, UK arguing over Northern Ireland?

David Frost, the UK’s minister in charge of ties with the European Union, and Maros Sefkovic, vice head of the European Commission, meet on Wednesday to try and resolve differences over post-Brexit trading arrangements for Northern Ireland. Here is an explanation of what is at stake in the talks. THE PROTOCOL – Both the EU […]

Business

Southwest Airlines orders 34 more 737 MAX aircraft from Boeing

Southwest Airlines (LUV.N) said on Tuesday it had ordered 34 new Boeing Co (BA.N) 737 MAX 7 aircraft to receive in 2022, as the U.S. airline prepares for a vaccine-driven recovery in travel demand. The move brings the carrier’s total orders for the MAX 7 to 234. Shares of Southwest were up 1.1% at $58.92 […]

Business

Eying Deal, GM Softens On Tough Standards For Car Pollution

The nation’s largest automaker said Wednesday it can support greenhouse gas emissions limits that other car manufacturers negotiated with California if they are achieved mostly by promoting sales of fully electric vehicles. It is a new stance for General Motors, which had supported the Trump administration’s efforts to end California’s ability to set its own […]

Business

Remember me? With fast recovery, labour shortage haunts Eastern Europe

Central Europe’s economies are recovering more quickly than expected from the coronavirus pandemic and industrial output is rising, but a chronic shortage of workers that pre-dates the crisis could be a bottleneck to future growth. The labour squeeze caused by years of emigration to Western Europe and an economic boom across the region is already […]

Business

EU to decide by July 9 on ArcelorMittal bid for Liberty Steel France

European Union antitrust regulators will decide by July 9 whether to clear world No. 1 steelmaker ArcelorMittal’s (MT.LU) bid for two French steel plants belonging to Sanjeev Gupta’s Liberty Steel, according to a European Commission filing. ArcelorMittal on June 4 sought EU approval to buy the majority of shares in Liberty Steel France or its […]

Business

Tesla’s China-made vehicle sales surge 29% in May – auto association

Tesla Inc (TSLA.O) sold 33,463 China-made electric cars in May, including exports, a 29% jump from April, according to data from the China Passenger Car Association (CPCA) on Tuesday. China’s new electric vehicle sales surged 177% to 185,000 cars in May from a year earlier, CPCA said. Overall passenger vehicle sales, however, rose just 1.1% […]