Tag: Transportation/Logistics

The new cruise ship rulebook: What to know about booking a trip, getting on board, and other changes

You may have been able to hear the champagne corks pop and cheers resound on June 5 as the Celebrity Millennium cruise ship weighed anchor...

Turkey Commits to Securing Afghan Airport After Americans Leave, U.S. Says

WASHINGTON—The U.S. and Turkey have agreed to a plan for the Turks to continue providing security at the airport in Kabul, U.S. officials said, ensuring...

U.K. unemployment rate drops again, as British stocks open at highest level since February 2020

The U.K. unemployment rate fell to 4.7% in the February to April period, government data showed, marking the fourth straight month of declines after the...

What is inflation? Hint: It’s not the 12% increase in rental-car prices last month

When Chipotle CMG, +1.21% CEO Brian Niccol shared that the company has increased its menu prices by nearly 4%, some customers thought they knew exactly...

The Global Logistics Logjam Shifts From Suez to Shenzhen

HONG KONG—As Western economies roar back to life, a fresh wave of Covid-19 clusters in Asia—where vaccination campaigns remain in their early stages—is creating new...

Airlines demand trans-Atlantic travel restarts, as Biden prepares for G-7 trip

The bosses of six airlines offering U.S.-U.K. passenger services have called for trans-Atlantic travel restrictions to be lifted, saying high COVID-19 vaccination rates in both...

American Airlines joins Southwest in extending suspension of alcohol sales

American Airlines is joining Southwest Airlines in holding off on resuming in-flight alcohol sales following an assault against a flight attendant last week. The moves...

Egyptian Officials Accuse Ever Given’s Captain of Losing Control of Ship in Suez Canal

ISMAILIA, Egypt—Egyptian officials made their most specific allegations against the captain of a container ship that blocked the Suez Canal for nearly a week in...

Ryanair CEO Calls Belarus Flight Diversion a ‘Premeditated Hijacking’

Ryanair Holdings RYAAY 1.64% PLC rejected Belarus’s account of the diversion of one of its planes Sunday, angrily condemning the forced landing in a private...

Belarus Faces EU Flight Ban for Grounding Ryanair Plane With Dissident

European Union leaders agreed to impose a new round of sanctions against Belarus and ban its airlines from entering the bloc’s airspace and airports, a...

Belarus Jet Forces Ryanair Plane to Land in Minsk

MOSCOW—Belarusian President Alexander Lukashenko scrambled a jet fighter to force a Ryanair commercial aircraft to land in Minsk, where a Belarusian journalist and opposition activist...

Virgin Galactic, DraftKings to amend financials post SEC guidance for SPACs

Virgin Galactic Holdings Inc. and DraftKings Inc., two of the biggest names to become public through “blank-check” companies in recent years, said Friday they will...

Uber and Lyft expect ride-hailing to make a sharp recovery, but there are some potential roadblocks

As more people get vaccinated against COVID-19 and pandemic restrictions ease, the ride-hailing industry is gearing up for a comeback, but is facing potential roadblocks....

Maersk stock sails higher in crowded sea of earnings, with European stocks mixed

Shares in Danish shipping giant Maersk sailed higher on Tuesday on a mixed day for European equities, which treaded water amid a sea of earnings...

U.S. stocks push higher as investors shake off tax jitters

Stocks traded higher Friday, lifted by data indicating an acceleration in private-sector economic activity and another round of red-hot new home sales, after markets dipped...

ETF Wrap: Let’s get away from it all

Raise your hand if you’ve got a mean case of cabin fever. After the past 13 months, of course you do! You want to see...

Synlab targets $6 billion market capitalization in Frankfurt IPO as COVID-19 testing booms

Synlab has set the price range for its planned initial public offering in Frankfurt at €18 to €23 a share, giving Europe’s largest laboratory services...

The pandemic’s differing earnings effects will be on display with tech, airline reports

The first big week of earnings season will kick off with a study in contrasts. The tech and airline sectors feature prominently on the earnings...

Get ready for stock buybacks to roar back

U.S. corporations ranging from financial powerhouses to technology titans also have been stockpiling cash as a ballast against the COVID-19 storm. Investment-grade companies ended 2020...

PwC lets U.K.-based staff choose start times — and clock off early in the summer

PwC has told its U.K. based staff they can spend around half their working hours at home after the COVID-19 pandemic ends — and clock...

Opinion: Oracle’s results may not justify investors’ big cloud optimism

The financial results from Oracle Corp. on Wednesday should have some investors wondering about its current lofty valuation. Oracle ORCL, -0.72% reported fiscal third-quarter results...

European stocks softer in aftermath of Fed Chair Powell’s comments

European stocks struggled on Friday, following sharp losses for Wall Street after Federal Reserve Chair Jerome Powell indicated the central bank wasn’t ready to stem...

Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks

A global shortage of semiconductors has pushed chip stocks to record highs, and analysts expect that chips will continue to be in short supply at...

Here’s the best of what international corporate leaders have been discussing on earnings calls

As much as U.S. companies have suffered from the pandemic, their global competition has struggled even more. Fourth-quarter earnings per share for S&P 500 companies...

Europe joins Wall Street’s boom in ‘blank-check’ companies

It’s the monster trend on Wall Street. Now it’s crossed the Atlantic. LVMH MC, -0.34% founder Bernard Arnault and former UniCredit UCG, -0.09% chief Jean-Pierre...