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US gives Hungary’s MOL more time for talks to buy Serbian oil firm NIS 

ATHENS, June 6 (Reuters) - Hungary's largest oil and gas corporation, MOL MOLB.BU, has been granted more time by the U.S. government to negotiate the purchase of a majority stake in Serbia's NIS NIIS.BEL, an oil company controlled by Russia, MOL said late ...
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Air New Zealand plans for elevated fuel costs into 2027

By Rajesh Kumar Singh RIO DE JANEIRO, June 6 (Reuters) - Air New Zealand has offset only 25% to 40% of the hit from higher fuel prices through hedging and fare increases, Chief Executive Nikhil Ravishankar told Reuters on Saturday, as the carrier plans for ...
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Brazilian airline Azul plans further frequency cuts as fuel shock bites

By Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Brazilian airline Azul is stepping up capacity cuts amid higher jet fuel prices linked to the Iran war, and the carrier will continue to trim flying to protect cash in an uncertain environment, CEO John ...
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America In Focus: US job market is rebounding, but economic frustration persists

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions ...
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Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

By Allison Lampert and Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Deferring jet orders due to uncertainty and higher jet fuel prices caused by the war in Iran would be unwise for Middle Eastern carriers, as the decision could be costly in the ...
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High fuel costs to trigger airline failures and consolidation, industry chief says

By Joe Brock RIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body ...
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Embraer sees airlines delay option decisions as Iran war clouds industry

By Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Some airlines are delaying decisions to exercise aircraft purchase options amid uncertainties related to the war in Iran, which has pushed up jet fuel prices significantly, Embraer CEO Francisco Gomes Neto told Reuters on Saturday. While ...
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Boeing studying boost of 737 MAX plane production to highest-ever rate

By Dan Catchpole SEATTLE, June 5 (Reuters) - As Boeing increases production of its best-selling 737 MAX from 42 to 47 jets a month, the U.S. planemaker is looking at how it can climb to 70 a month, its highest ever, CEO Kelly Ortberg told ...
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Remaining 3 ’60 Minutes’ stars say they’re staying at CBS show, don’t want to see it die

NEW YORK (AP) - Saying "We don't want to see '60 Minutes' die," the three remaining correspondents at the turmoil-plagued CBS News program have decided to stay, for now. A memo from Lesley Stahl, Jon Wertheim and Bill Whitaker to fellow staffers expressed anger - ...
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Fuel prices are shaping summer plans as US boaters get ready to hit the water

DEXTER TOWNSHIP, Mich. (AP) - On the kind of warm, bright afternoon that Michigan boaters wait all year for, Malik Amine and his brother readied their family's pontoon boat for the summer. The cover was off and Portage Lake sparkled in the sun. But before ...
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Donald Trump, Bernie Sanders and Sam Altman are all talking about public ownership in AI

WASHINGTON (AP) - It was perhaps a surprising private overture from OpenAI CEO Sam Altman to Sen. Bernie Sanders. The meeting between the two had come just after the Vermont senator announced a plan for the public to take a 50% ownership stake in artificial ...
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Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say

By Sabrina Valle and Milana Vinn NEW YORK, June 5 (Reuters) - Morgan & Morgan, the largest U.S. personal injury law firm, has hired JPMorgan to explore a minority stake sale that could pave the way for a public listing years from now, according to ...
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