economic-benefits
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Tui Sees Summer Travel Demand ‘significantly’ Lifting 2023 Profit
Date: May 10, 2023
TUI sees summer travel demand ‘significantly’ lifting 2023 profit By Joanna Plucinska LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes. Airlines such as Lufthansa, easyJet and Ryanair have all...
Volvo Cars to Axe 1,300 Jobs as It Steps up Cost Cuts
Date: May 4, 2023
Volvo Cars to axe 1,300 jobs as it steps up cost cuts COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on Thursday. While an earlier efficiency drive had begun to show results, more was needed, CEO Jim Rowan said...
King Charles’ Coronation Will Be an Economic Boost, Buckingham Palace Says
Date: May 3, 2023
King Charles’ coronation will be an economic boost, Buckingham Palace says By Michael Holden LONDON (Reuters) – The coronation ceremony for King Charles on Saturday will be the most glorious display of pageantry seen in Britain for a generation and will provide an economic boost to the nation, its organiser and Buckingham Palace have said....
Biden Tells Britain’s King Charles the First Lady Will Attend Coronation
Date: April 5, 2023
WASHINGTON (Reuters) – U.S. President Joe Biden told Britain’s King Charles in a phone call on Tuesday that first lady Jill Biden will attend the king’s coronation in May, the White House said in a statement. Biden also congratulated Charles on his upcoming coronation and said he would like to meet with him in the...
UAE Plans Long-Term Economic Ties With Israel Despite Political Strains
Date: April 4, 2023
By Rachna Uppal and Lisa Barrington DUBAI (Reuters) -The United Arab Emirates’ commitment to a long-term strategic relationship with Israel should survive political turbulence, analysts say, after one of the most right-wing governing coalitions in Israel’s history prompted widespread anger. A series of recent moves and comments by Prime Minister Benjamin Netanyahu’s government has infuriated...
India Resists Calls for More Air Access in Drive to Be Global Aviation Force
Date: March 22, 2023
By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India dampened foreign airline hopes for more access to its airports on Tuesday, with its aviation minister urging domestic carriers to fly long-haul and help establish new hubs as it seeks to recapture control of Indian travel from foreign rivals. It is also asking aerospace companies...