Business

NEW YORK: Commercial airlines have faced a tricky balancing act this summer, ramping up service to meet torrid travel demand in a period of labor shortages and supply chain constraints. Adding to the challenges: new inspections needed on a class of Airbus planes that may suffer from microscopic “contamination” of …

WAD MADANI, Sudan: Sudan’s war has left university lecturer Ali Seif without pay for months. To make ends meet, he has turned to making soap in his room at a makeshift displacement camp. Out of work as fighting rages between the forces of rival generals, many Sudanese have been forced …

At a Glance As travel recovery continues, Philippine Airlines (PAL) netted $250 million (P13.6 billion) earnings in the first half of 2023, triple its $70 million (P4.1 billion) earnings in the same period last year. As travel recovery continues, Philippine Airlines (PAL) netted $250 million (P13.6 billion) earnings in the …

Air Canada says it earned a profit of $838 million in its most recent quarter amid booming demand for travel and higher fares — despite thousands of flight delays.  Airline ranked last among major North American carriers for on-time performance in July. Air Canada says it earned a profit of …

Canadian industries are pushing back against the country’s planned January launch of the Modern Slavery Act, intended to fight forced labour and child labour in supply chains. Mining and apparel trade groups say the government has failed to spell out the details of the law’s requirements.  Industries say they support …

NEW YORK CITY: Tapestry, the parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. Big fashion has been getting even bigger through a spate of acquisitions as US players seek more sway in Europe. …

Disney is raising the price of its streaming service Disney+ around the world, but it plans to offer a cheaper version supported by advertising in Canada starting in November.  Company is changing pricing options in markets around the world. Disney is raising the price of its streaming service Disney+ around …

Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion US in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological …

SINGAPORE: Singapore on Friday cut its economic growth forecast for this year owing to weak demand from key export markets including China and the United States. The Southeast Asian nation’s performance is often seen as a barometer of the global environment because of its reliance on international trade. APPROACH WITH …

SAN FRANCISCO, California: Linda Yaccarino, chief executive officer of social media platform X, said on Thursday that the company, formerly known as Twitter, is “close” to breaking even and is hiring to beef up a staff slashed by owner Elon Musk. BREAK-EVEN Elon Musk (left) speaks with X CEO Linda …