Mon, 12 May 2025

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Business

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Budget airlines struggle as big carriers gain in tough market
Low-cost carriers hit hardest by US travel demand slump

CHICAGO, Illinois: All U.S. airlines are feeling the impact of falling travel demand caused by President Trump's trade war. But low-cost...

AWS to invest $4 billion in first Chile data centers
Amazon to spend $4 billion on cloud infrastructure in Chile

SANTIAGO, Chile: Amazon Web Services (AWS) will invest US$4 billion to establish its first data centers in Chile, aiming to tap into...

US and China officials to hold key trade talks in Switzerland
US, China holding ice-breaker trade talks in Geneva on Saturday

WASHINGTON/BEIJING: U.S. Treasury Secretary Scott Bessent and lead trade negotiator Jamieson Greer are meeting China's top economic...

Disney surpasses earnings forecasts on streaming and parks strength
Disney earnings soar on resilient streaming, US parks revenue

LOS ANGELES, California: Walt Disney Co. posted stronger-than-expected quarterly earnings, buoyed by solid gains in its Disney+ streaming...

Skechers to go private in $9.42 billion deal
Skechers to go private for $9.42 billion in biggest sneaker deal

MANHATTAN BEACH, California: After more than two decades as a public company, Skechers is set to go private in a US$9.42 billion deal...

BMW expects US tariff cuts by July amid trade talks
BMW expects car tariffs to fall from July in upbeat take on trade war

FRANKFURT/LONDON: BMW is anticipating a reduction in U.S. car tariffs starting in July, based on ongoing discussions with U.S. officials,...

Airlines

Section
FAA acts to fix ongoing flight delays at Newark Airport
Newark airport flight woes drive FAA to take drastic measures

WASHINGTON, D.C.: The Federal Aviation Administration (FAA) says it is taking urgent steps to fix problems that have caused hundreds...

Budget airlines struggle as big carriers gain in tough market
Low-cost carriers hit hardest by US travel demand slump

CHICAGO, Illinois: All U.S. airlines are feeling the impact of falling travel demand caused by President Trump's trade war. But low-cost...

3,000 machinists strike at Pratt & Whitney over contract dispute
Thousands of workers go on strike at jet engine maker Pratt & Whitney

EAST HARTFORD, Connecticut: Roughly 3,000 members of the International Association of Machinists and Aerospace Workers began striking...

United Airlines cuts 35 daily flights at Newark amid FAA shortages
United to cancel 10% of daily flights from Newark, cites FAA staffing

CHICAGO, Illinois: United Airlines will begin canceling around 35 daily flights—roughly 10 percent of its schedule—from Newark Liberty...

JetBlue pilots oppose new US airline partnership plan
JetBlue's plan for domestic partnership faces union backlash

LONG ISLAND CITY, New York: JetBlue Airways' plan to strike a domestic partnership with another U.S. airline is drawing sharp resistance...

Thailand cuts 2025 tourist forecast to 36.5 million
Thailand says it expects 36.5 million foreign tourists this year

BANGKOK, Thailand: Thailand's finance ministry has revised its projection for foreign tourist arrivals this year, lowering the estimate...

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