Business

[1/5] Members of Vesta Orchestra and Opera Foundation perform during a concert they organized at the Alliance Francaise de Lagos / Mike Adenuga Centre in Lagos, Nigeria May 20, 2023. REUTERS/Temilade AdelajaLAGOS, May 26 (Reuters) – At a Lagos cultural centre, a rapt audience listened to baritone John Onosolease perform an operatic song in the… […]

BEIJING, May 31 (Reuters) – Billionaire Elon Musk was showered with praise during a trip to China this week, with people on social media calling him “a pioneer”, “Brother Ma” and “a global idol” while the CEO of Tesla (TSLA.O), Twitter, SpaceX and other companies also met in person with three government ministers.Since landing in… […]

TOKYO, May 30 (Reuters) – Mitsubishi Motors Corp (7211.T) will extend a suspension of its production in China beyond May, the Yomiuri newspaper reported on Tuesday, highlighting struggles the Japanese car maker faces in the world’s largest auto market.Mitsubishi Motors is discussing when to resume production in China with its local partner, a company spokesperson… […]

MONTREAL, May 29 (Reuters) – Air Canada’s (AC.TO) pilots have ended a decade-long contract framework, opening the door to “full bargaining this summer,” their union leadership said on Monday in a note to members seen by Reuters.Air Canada pilots have previously said they are pressing for “historic” gains to narrow the earnings gap with higher-paid… […]

DUBAI, May 29 (Reuters) – OPEC will welcome Iran’s full return to the oil market when sanctions are lifted, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC) told the Iranian oil ministry’s website SHANA on Monday.Iran is an OPEC member, although its oil exports are subject to U.S. sanctions aimed at… […]

May 29 (Reuters) – The Trinidad and Tobago government accepted bid recommendations for six of eight onshore oil and gas exploration blocks, people close to the matter said on Sunday, setting the stage for awards to be disclosed as soon as this week.The Caribbean nation has pushed to expand exploration to counter declines in its… […]

PARIS/WASHINGTON, May 29 (Reuters) – Cathay Pacific Airways Ltd (0293.HK) is close to placing an order worth around $2 billion for Boeing (BA.N) 777-8F freighters as the Hong Kong carrier embarks on the partial renewal of a fleet of dedicated 747 cargo jets, industry sources said on Monday.The selection follows a hard-fought battle for the… […]

May 29 (Reuters) – Australia’s AMP (AMP.AX) said on Monday Blair Vernon will take over from Peter Fredricson as its chief financial officer and will dissolve the structure of its local wealth management arm in a bid to simplify its operational model.Shares of the 174-year-old wealth manager traded 1.4% higher as at 0224 GMT, marking… […]

HOUSTON, May 29 (Reuters) – Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world’s top oil consumer against further Federal Reserve interest rate hikes that could curb energy demand.Brent crude futures settled up 12 cents, or 0.2%, to… […]

May 28 (Reuters) – Boeing Co (BA.N) is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian startup Riyadh Air, Bloomberg News reported on Sunday.The new carrier, wholly owned by Saudi Arabia’s Public Investment Fund (PIF), is looking for about 300 to 400 single-aisle jets in total, the report… […]