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London’s Heathrow tells airlines to stop ticket sales as it caps passengers

Lines of passenger luggage lie arranged outside Terminal 2 at Heathrow Airport in London, Britain, June 19, 2022. REUTERS/Henry Nicholls/File Photo Register now for FREE unlimited access to Reuters.com register Airport says cap will limit disruption to passengers Up to 125,000 departed daily in summer 2019 Cap will last until Sept. 11th LONDON, July 12 …

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Walmart to electrify its delivery fleet with Canoo EVs

The logo of a Walmart Superstore is seen in Rosemead, California, US, June 11, 2020. REUTERS/Mario Anzuoni/ Register now for FREE unlimited access to Reuters.com register July 12 (Reuters) – Walmart Inc (WMT.N) has struck a deal with Canoo Inc (GOEV.O) to buy 4,500 electric vehicles as part of the US retailer’s goal to achieve …

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Euro drops to 20-year low, approaches parity with dollar

NEW YORK, July 11 (Reuters) – The euro slide to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will type the region into a recession, while the US currency was boosted by expectations that the Federal Reserve will hike rates faster and further than …

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OECD sees global corporate tax overhaul on course for 2024

Secretary-General of the Organization for Economic Co-operation and Development (OECD) Mathias Cormann speaks during a news statement after opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS/Adriano Machado Register now for FREE unlimited access to Reuters.com register PARIS, July 11 (Reuters) – The biggest overhaul of cross-border …

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For EV battery makers, it’s go small or go home

CAMBRIDGE, England, July 11 (Reuters) – In the race to go electric, carmakers have focused on range to ease consumer anxiety over charging infrastructure, but battery makers are already working on the smaller, longer-lasting and cheaper batteries of the future, which also charge more quickly. While carmakers today chase market leader Tesla Inc (TSLA.O), seeking …

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Morning Bid: Watch the euro, it’s heading for parity

Euro coins plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Dhara Ranasinghe. The biggest single pipeline carrying Russian gas to Germany starts annual maintenance on Monday with flows expected to stop for ten …

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Ships get older and slower as emissions rules bite

Average age of vessels up more than two years since 2017 New emissions rules may force older ships to go slower One-fifth of ships fitted with energy saving devices New vessels and alternative fuels the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about …

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German union Verdi calls for ‘Prime Day’ strike by Amazon workers

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. REUTERS/Rick Wilking Register now for FREE unlimited access to Reuters.com register BERLIN, July 10 (Reuters) – German union Verdi has called on staff at seven Amazon (AMZN.O) distribution centers to strike over Sunday evening’s night shift in …

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US dollar flat in choppy trading after payrolls beat expectations

US payrolls exceed expectations in June Rate futures price in 75-bps hike Yen in focus as former PM Abe gunned down NEW YORK, July 8 (Reuters) – The US dollar was little changed against a basket of currencies on Friday ahead of the weekend following a choppy session that saw the greenback posting both gains …

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Ex-JPMorgan traders face US trial on racketeering charges

July 8 (Reuters) – Three former JPMorgan Chase & Co employees face a US federal trial in Chicago on Friday on accusations they helped turn their trading desk into a criminal enterprise that faked precious metals futures orders to manipulate prices. The bank’s former global precious metals desk head Michael Nowak, precious metals trader Gregg …

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