WASHINGTON (Reuters) – A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said Friday. “A prolonged government shutdown threatens holiday travel disruptions that Americans won’t tolerate,” said U.S. Travel Association CEO Geoff Freeman….
By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla is aiming to post slight growth in 2024 deliveries over last year with generous incentives across its EVs – but a lot depends on the success of the new Cybertruck pickup, which is showing signs of weakness, analysts said. After years of rapid growth, Tesla delivered a…
(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 billion debt overhaul earlier this week. The island nation’s bondholders overwhelmingly signed off on the government’s proposal to restructure international bonds, a much-needed step in its…
By Anuja Bharat Mistry (Reuters) -Cruise operator Carnival Corp forecast strong bookings for 2025 ahead of the busy summer travel season, riding the wave of strong spending on experiences even as prices increase, sending its shares up about 5% on Friday. The resilient demand for cruise vacations also helped Carnival post better-than-expected profit and sales…
By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments…
NEW YORK (Reuters) – FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women’s World Cup in the United States, world soccer’s governing body said on Friday. FIFA said the Women’s World Cup will be the first competition to be acquired in full by Netflix and U.S.-based fans…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of…
By David Shepardson WASHINGTON (Reuters) – The head of the Transportation Security Administration on Thursday warned that an extended partial U.S. government shutdown could lead to longer wait times at airports. TSA, which handles airport security screening, said about 59,000 of its 62,000 employees are considered essential and would continue working without pay in the…
By Tom Hals WILMINGTON, Delaware (Reuters) – Internal Qualcomm documents showed the chip firm estimated it could eventually save as much as $1.4 billion a year on payments to Arm by purchasing a little-known startup in 2021, according to evidence shown at a trial on Wednesday. The projection surfaced while Qualcomm CEO Cristiano Amon was…
(This Dec. 17 story has been corrected to say that the EU regulator reversed its July decision in November to recommend approval for Biogen’s drug, Leqembi, in paragraph 8) (Reuters) – China’s medical regulator has approved Eli Lilly’s treatment for early Alzheimer’s, providing patients with another option after Eisai and Biogen’s Leqembi received approval in…
