Sat, 17 May 2025

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Business

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Kraft Heinz to invest $3 billion in US plants despite gloomy outlook
Kraft Heinz investing $3 billion upgrading US manufacturing

CHICAGO, Illinois: Kraft Heinz is committing US$3 billion to revamp its U.S. manufacturing plants, marking its largest investment in...

Sweden backs EU entry into Pacific trade bloc
Sweden to propose EU membership of Pacific rim free trade group CPTPP

STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...

Wall Street surges with major indices making weekly gains
Dow Jones closes 332 points higher Friday amid weekly gains

NEW YORK, New York - U.S. stocks closed higher Friday with all the major indices capping weekly gains in the process. Markets are...

US Energy Department plans major regulatory rollback
Trump's Energy Department unveils broad rule changes to cut red tape

WASHINGTON, D.C.: The U.S. Department of Energy has announced plans to eliminate or amend more than 40 regulations as part of President...

US inflation slows to 4-year low as food prices fall, rents rise
Lower food prices tame US consumer inflation in April

WASHINGTON, D.C.: In April, U.S. consumer prices went up slightly. Rent costs increased, but food prices went down, which helped keep...

US sees absolute decline in international visitor spending
Foreign travel spending in US to decline 7% in 2025, report says

NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...

Airlines

Section
Boeing clinches record jet deal with Qatar Airways during Trump visit
Qatar signs deal to buy 160 Boeing jets during Trump visit

DOHA, Qatar: Boeing secured its largest widebody aircraft deal this week, as Qatar Airways placed firm orders for 160 jets with options...

Puerto Rico courts manufacturers amid escalating global trade war
Puerto Rico lures manufacturing to lift economy facing Trump's tariffs

SAN JUAN, Puerto Rico: As the global trade war deepens, Puerto Rico is seizing the moment to lure international companies to relocate...

Taiwan’s China Airlines orders 14 Boeing 777X jets
Taiwan's China Airlines orders 14 Boeing 777X planes

TAIPEI, Taiwan: Taiwan's China Airlines has placed an order for 14 Boeing 777X wide-body aircraft, consisting of 10 777-9 passenger...

US launches national security probe into aircraft and engine imports
US opens national security probe of imported commercial jets, engines

WASHINGTON, D.C.: The U.S. Commerce Department said it has started a national security investigation into the import of commercial...

Air Canada cuts profit forecast amid weaker US travel demand
Air Canada lowers annual core profit forecast as US travel slows

MONTREAL, Canada: Air Canada has cut its annual core profit forecast and missed first-quarter revenue estimates, citing a drop in U.S.-bound...

Dublin Airport CBP expansion approved after appeal
Expanded US customs, border protection at Dublin Airport approved

DUBLIN, Ireland: An Bord Pleanala has approved plans for an expanded US Customs Pre-Clearance and Border Protection (CBP) facility...

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