transportation-sector
BusinessHapag-Lloyd expects lower profitability in fourth quarter
Top StoriesEU approves 1.9 billion euro state aid for DB cargo, subject to restructuring plan
BusinessTrump’s tariffs could cost carmakers up to 17% of combined core profits, S&P says
Top StoriesUK transport minister quits in new blow to PM starmer
Russia’s plane shortage holds air travel back as wartime wages drive demand
Date: November 28, 2024
By Gleb Stolyarov and Alexander Marrow (Reuters) – As Russia’s war effort fuels economic growth and drives up wages, air travel has been on the rise too, with Russians defying Western sanctions by heading to domestic holiday spots or “friendly” countries where they are still welcome. However, just as soaring government spending on the war...
EasyJet wants to see middle east stability before resuming flights to Israel
Date: November 27, 2024
LONDON (Reuters) -EasyJet will not rush to resume flights to Tel Aviv after a ceasefire between Israel and Iran-backed group Hezbollah came into effect on Wednesday, the airline’s incoming CEO told reporters. Airlines around the world suspended flights to Israel and some other locations in the Middle East in the wake of the war in...
European automakers fall as trump pledges tariffs
Date: November 26, 2024
LONDON (Reuters) -European automakers shares fell on Tuesday, as traders reacted to President-elect Donald Trump pledging big tariffs on Canada, Mexico and China, news that fueled jitters over a potential global trade war. A basket of European autos and parts stocks was the worst performing sector in Europe, down 1.7% versus a 0.7% fall for...
Factbox-Airlines suspend flights as middle east tensions rise
Date: November 20, 2024
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES The Greek airline has cancelled flights to and from Beirut until March...
Spain considering support for potential sidenor bid for talgo
Date: November 20, 2024
MADRID (Reuters) -The Spanish government is considering financial support for the partial or total purchase of train manufacturer Talgo by Basque steel maker Sidenor, Transport Minister Oscar Puente said. “We are here to help Talgo on its path of seeking more industrial capacity and a new shareholder composition, which will also give it stability in...
Factbox-Airlines suspend flights as middle east tensions rise
Date: November 16, 2024
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES The Greek airline has cancelled flights to and from Beirut until Dec....