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Norwegian oil and gas workers start strike, cutting output

Norwegian oil and gas workers start strike, cutting output

OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to …

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Airline SAS says survival at stake as pilot strike grounds flights

Strike to ground roughly half of airline’s flights SAS says will affect about 30,000 passengers per day Strike raises uncertainty of loss-making airlines future Biggest airline strike since BA pilots in 2019 STOCKHOLM, July 4 (Reuters) – Wage talks between Scandinavian airline SAS (SAS.ST) and its pilots collapsed on Monday, triggering a strike that puts …

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No experience, no resume, you’re hired! Hotels fight for staff

DOHA/LISBON/MADRID, July 4 (Reuters) – Top European hotel chains are hiring workers without experience or even a resume as executives admit years of underpaying staff have come back to bite, leaving them unable to meet post-pandemic travel demand. Thousands of workers left the hospitality industry when international travel shut down during the COVID-19 pandemic. Many …

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Berkshire Hathaway buys 9.9 mln more Occidental shares, has 17.4% stake

Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska US May 6, 2018. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com register July 1 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said it has bought another 9.9 million …

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Chinese property developer Shimao misses redemption on $1 billion bond

HONG KONG, July 3 (Reuters) – Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China’s embattled property market. The non-repayment was the first missed public offshore payment for the Shanghai-based developer. With an outstanding $6.1 billion …

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German road traffic agency says 59,000 Tesla vehicles have software glitch

FRANKFURT, July 3 (Reuters) – Germany’s road traffic agency said it was recalling Tesla (TSLA.O) models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 that a software flaw was causing a breakdown of the eCall, …

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India imposes windfall tax on oil producers, fuel exporters

Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com register India levies windfall tax of 23,250 rupees/T on oil producers Imposes export tax of 6 rupees/liter on gasoline and jet fuel Imposes 13 …

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Exxon signals operating profits could double over the first quarter

People pump gas at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register HOUSTON, July 1 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according …

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Boeing disappointed after China’s top three airlines buy 300 Airbus planes

The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker// Register now for FREE unlimited access to Reuters.com register July 1 (Reuters) – Boeing Co (BA.N) said on Friday “it is disappointing that geopolitical differences continue to constrain …

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Wall St Week Ahead Investors brace for pivotal July after dismal first half

NEW YORK, July 1 (Reuters) – The US stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street’s course for the coming months. Second-quarter corporate earnings, hotly anticipated US inflation data and the Federal Reserve’s …

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