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Efforts underway for second round of US-Iran talks as Strait of Hormuz showdown endures

ISLAMABAD (AP) - The standoff between the United States and Iran deepened Tuesday as the U.S. declared it had blockaded Iran's ports, Tehran threatened to strike targets across the region, and Pakistan said it was racing to bring the sides together for more talks. Though ...
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United, American Airlines climb after news of Kirby floating merger with Trump

April 14 (Reuters) - United Airlines and American Airlines shares rose in premarket trading on Tuesday after United CEO Scott Kirby, sources said, pitched the potential for a merger of the two carriers to U.S. President Donald Trump in February. A merger of two of ...
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United Airlines CEO pitched American Airlines combination to US officials, sources say

By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO, April 13 (Reuters) - United Airlines CEO Scott Kirby has pitched a combination with American Airlines Group to numerous U.S. government officials, sources familiar with the matter told Reuters. A combination of two of the largest U.S. network ...
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How a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy

A blockade of Iranian ports that President Donald Trump said began Monday could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose ...
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Qantas lifts fuel cost forecast as Middle East war jolts oil markets

April 14 (Reuters) - Australia's Qantas Airways said on Tuesday it has raised its fuel cost outlook and has not started its planned share buyback, citing sharply higher and volatile jet fuel prices after the war in the Middle East cut oil supply. The airline ...
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Surging petrol prices drive record EV sales in Europe in March

By Alessandro Parodi April 14 (Reuters) - High petrol prices in Europe steered car buyers towards EVs in a record-beating March, and led to the first month of global EV sales growth this year, data by consultancy Benchmark Mineral Intelligence showed on Tuesday. Governments worldwide have ...
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Exclusive-United CEO Kirby raised potential tie-up with American in Trump meeting

WASHINGTON, April 13 (Reuters) - United Airlines CEO Scott Kirby raised the potential of merging with American Airlines in a meeting with U.S. President Donald Trump in late February, two sources told Reuters. United declined to comment. The White House did not immediately respond to ...
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Oil prices fall as US-Iran dialogue hopes ease supply concerns

By Anmol Choubey BENGALURU, April 14 (Reuters) - Oil prices fell in early Asian trade on Tuesday as signs of potential U.S.-Iran dialogue to end their war reduced concerns about supply risks stemming from the U.S. blockade of the Strait of Hormuz. Brent futures declined by ...
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Australian business, consumer confidence crashes on worries about fallout from Iran war

By Stella Qiu SYDNEY, April 14 (Reuters) - Australia's business and consumer confidence crashed as the Iran war unleashed a global oil shock that may tip the local economy into a recession, surveys showed on Tuesday, as policymakers weigh if more rate rises are needed ...
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Dollar steady as US blocks Iranian ships, diplomacy presses on

By Satoshi Sugiyama TOKYO, April 14 (Reuters) - The dollar was steady on Tuesday but set for a seventh straight daily drop, as markets weighed supply risks from a U.S. blockade of Iranian shipping in the Strait of Hormuz against hopes for a diplomatic breakthrough ...
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Nissan to trim global car lineup, boost use of AI driving tech

YOKOHAMA, Japan, April 14 (Reuters) - Nissan Motor said on Tuesday it plans to streamline its global lineup to 45 models from 56 by exiting low-performing ones and seek to deploy its artificial intelligence driving technology across 90% of its lineup over the long ...
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Stocks gain, oil and dollar retreat on hopes for US-Iran resolution

By Rae Wee SINGAPORE, April 14 (Reuters) - Asian stocks advanced while oil prices and the safe-haven dollar fell on Tuesday as the U.S. said it continued to engage with Tehran to make a deal even as it blocked Iran's ports after the collapse of ...
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