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InvestingSovereign Bond Yields Not yet Reached a Summit – Reuters Poll
Air France Cancels 55% of Short, Medium-Haul Flights Sept. 16 Due to Strike
Date: September 14, 2022
PARIS (Reuters) – A strike by French air traffic controllers will cause Air France to operate only 45% of its short and medium-haul flights on Friday, Sept. 16, the airline said on Wednesday. Air France also plans to operate 90% of its long-haul flights that day, the statement said. France’s DGAC aviation authority said on...
Virgin Australia Says High Staff Illness Rates Hampering Capacity, Lifting Fares
Date: September 14, 2022
By Jamie Freed SYDNEY (Reuters) – Virgin Australia has been unable to provide enough domestic capacity to meet demand, which is tracking above 2019 levels because of high illness rates among staff, its chief executive said on Wednesday. “It is people capacity, not aircraft capacity,” Virgin Chief Executive Jayne Hrdlicka said of the problems at...
Spain Launches Free Rail Travel Passes to Fight Inflation
Date: August 31, 2022
By Marco Trujillo and Christina Thykjaer MADRID (Reuters) – After struggling a bit with the ticket machine at Madrid’s grand 19th century Atocha railway station, 26-year-old Jennifer Bernard Quintana and her sister became the happy owners of free travel passes valid from Thursday. With inflation near record highs of above 10% year-on-year, Spain’s Socialist-led government...
European Recovery Set to Stall, Outlook Cautious – Reuters Poll
Date: August 24, 2022
By Samuel Indyk LONDON (Reuters) – A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a year, capped by fears of an energy supply crunch, slowing growth and sky-high inflation, a Reuters poll found. The median forecast from the survey of 11 fund managers, strategists and...
German Bond Yields at New Highs After Stronger-Than-Expected PMIs
Date: August 23, 2022
By Yoruk Bahceli (Reuters) – German bond yields rose on Tuesday to new multi-week highs after data showed euro zone business activity slowed less than expected in August Yields had already risen after S&P Global’s flash composite Purchasing Managers’ Index reading for Germany, tracking both manufacturing and services activity, while falling further in August, was...
Yangtze Tributary Runs Dry as China Faces Another Month of Drought
Date: August 18, 2022
By Thomas Suen and David Stanway CHONGQING/SHANGHAI (Reuters) -Residents living near a tributary of the Yangtze river in the southwestern region of Chongqing clambered along the dry riverbed on Thursday amid an unprecedented drought across the region that could last another month. “I am actually pretty worried, because the water has been cut off in...