Day: January 17, 2018

Tess Torelli January 17, 2018

The report said Qantas recorded poor fuel efficiency because it used older, fuel-intensive aircraft, carried a low amount of freight (therefore making it less efficient) and also had relatively low numbers of passengers on each plane. In a statement Tuesday, Qantas Head of Fuel and Environment Alan Milne said the airline ranked poorly because “we […]

Tess Torelli January 17, 2018

Although online banks offer more competitive rates, they lack the full suite of products and services that customers have come to appreciate from big banks, said Wells Fargo’s John Shrewsberry. High net-worth individuals, companies and other financial institutions have been threatening to move sizeable deposits unless they get paid more. For them, even a tiny […]

Tess Torelli January 17, 2018

The U.S. economy and inflation expanded at a modest-to-moderate pace from late November through the end of 2017, while wages continued to push higher, the Federal Reserve said on Wednesday. “Most districts said that wages increased at a modest pace,” the U.S. central bank said in its periodic Beige Book report on the economy. “A […]

Tess Torelli January 17, 2018

A Democrat has been elected to represent a traditionally conservative Wisconsin senate district where voters overwhelmingly supported President Donald Trump in 2016, in an upset that Democrats suggest could lead to more Republican losses in the state. Patty Schachtner’s victory in the 10th Senate District late Tuesday could be a sign of hope for Democrats, […]

Tess Torelli January 17, 2018

Krisztian Bocsi | Bloomberg | Getty Images The stars of the European Union sit on banners flying outside the European Central Bank headquarters in Frankfurt, Germany, on July 20, 2017. It would be “appropriate” for the European Central Bank to stop its bond purchases, due to run at least until September, this year, Germany’s representative […]

Tess Torelli January 17, 2018

President Donald Trump said on Wednesday Russia is helping North Korea get supplies in violation of international sanctions and that Pyongyang is getting “closer every day” to being able to deliver a long-range missile to the United States. “Russia is not helping us at all with North Korea,” Trump said during an Oval Office interview […]

Tess Torelli January 17, 2018

International tourism is growing at its fastest clip in seven years, but the U.S. is on pace for its sharpest drop in foreign travelers since the wake of the recession. It’s a worrying trend for the travel and retail industries. International travelers tend to stay longer and spend more than their domestic counterparts. In the […]

Tess Torelli January 17, 2018

Handout: South Korean Ministry of Unification Officials from South Korea and North Korea meet to discuss the North’s participation in the 2018 Winter Olympics. The two Koreas will compete as a unified team in the Olympics for the first time, though they have joined forces at other international sports events before. North Korea will send […]