Posted in business

Southwest promises refunds as airline sees ‘certain’ financial impact

WASHINGTON, Dec 29 (Reuters) – Southwest Airlines (LUV.N) has promised to reimburse passengers for expenses such as hotels and car rental in addition to refunding…

Continue Reading... Southwest promises refunds as airline sees ‘certain’ financial impact
Posted in business

TSMC starts volume production of the most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) (2330.TW) began mass production of its most advanced chips in southern Taiwan…

Continue Reading... TSMC starts volume production of the most advanced chips in Taiwan
Posted in business

Congress report: US FDA broke its own protocols by approving Biogen Alzheimer’s drug

WASHINGTON, Dec 29 (Reuters) – The U.S. Food and Drug Administration failed to follow its own internal guidelines and practices during the approval process for…

Continue Reading... Congress report: US FDA broke its own protocols by approving Biogen Alzheimer’s drug
Posted in business

Oil Lower on China Uncertainty; US demand limits drop

Oil slides for second consecutive session More countries are considering travel restrictions for Chinese visitors Falling dollar and escalating war in Ukraine support oil markets…

Continue Reading... Oil Lower on China Uncertainty; US demand limits drop
Posted in business

US Treasury says consumer leases may qualify for electric vehicle tax credits

Dec 29 (Reuters) – The U.S. Treasury Department said on Thursday that electric vehicles leased by consumers from Jan. 1 are eligible for a clean…

Continue Reading... US Treasury says consumer leases may qualify for electric vehicle tax credits
Posted in business

Exxon sues EU to block new windfall tax on oil companies

Dec 29 (Reuters) – U.S. oil giant Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to force it to scrap the…

Continue Reading... Exxon sues EU to block new windfall tax on oil companies
Posted in world

Hong Kong asks Japan to abandon airport curb that is expected to affect 60,000 travelers

HONG KONG, Dec 29 (Reuters) – The Hong Kong government has asked Japan to lift a COVID-19 restriction that requires passenger flights from the financial…

Continue Reading... Hong Kong asks Japan to abandon airport curb that is expected to affect 60,000 travelers
Posted in business

Twitter outage hits thousands of users worldwide

Dec 28 (Reuters) – Twitter Inc suffered a major outage on Wednesday, preventing tens of thousands of users worldwide from accessing the popular social media…

Continue Reading... Twitter outage hits thousands of users worldwide
Posted in business

US stocks fall on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters)…

Continue Reading... US stocks fall on recession fears, Nasdaq closes at new bear market low
Posted in world

Ship insurers cancel war cover for Russia and Ukraine from January 1

LONDON, Dec 28 (Reuters) – Ship insurers have announced they are canceling war risk cover in Russia, Ukraine and Belarus, following reinsurers pulling out of…

Continue Reading... Ship insurers cancel war cover for Russia and Ukraine from January 1