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☆ Canadian wildfires prompt new evacuations, alarm over air quality
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Maye-E WongOTTAWA, June 7 (Reuters) - Firefighters battled hundreds of forest blazes on Wednesday as Canada's worst-ever early season wildfires prompted the evacuation of thousands and a blanket of smoky air wafting over U.S. cities. There are fires in nearly all of Canada's provinces and territories, with the eastern province of Quebec among the worst affected. The province, Canada's second-most populous, has suffered four times its 10-year average of wildfires so far this year. In neighboring Ontario province, Canada's most populous, deteriorating air quality has been forecast this week in cities including Ottawa and Toronto due to smoke plumes. Wildfires are common in Canada's western provinces, but this year flames have mushroomed rapidly in the country's east.

Persons: Wong OTTAWA, Francois Legault, Legault, Ismail Shakil, David Ljunggren, Deepa Babington Organizations: REUTERS, Firefighters, Residents, Thomson Locations: Manhattan, Canada, New York City , New York, U.S, Quebec, Canada's, New York, New Brunswick, France, United States, Portugal, Spain, Mexico, Chibougamau, Ontario, Ottawa, Toronto

☆ North American lobster industry confronts 'ropeless' traps after whale entanglements
▼ + stars: | 2023-06-07 | by ( Lauren Owens Lambert | ) www.reuters.com time to read: +7 min

That is a large number, given there are fewer than 350 North Atlantic Right Whales remaining, including just 70 breeding females, say regulators, researchers and conservationists. North Atlantic Right Whales who live off the eastern North American coast stretching from Florida to the Canadian Maritimes provinces are now on the verge of extinction. Traditional lobster fishing uses traps that sink to the ocean floor and are connected by a rope to a buoy floating at the surface. Ropeless gear, by contrast, only deploys a rope and buoy to the surface when its owner activates a release trigger by remote control. When the 2,100 square-kilometer zones are shut, only harvesters with ropeless gear are allowed to fish there, Gilchrist said.

Persons: Matt Weber, lobsterman, Lauren Owens Lambert, ”, Charles Mayo, Rob Morris, “ We’re, Edgetech, lobsterman Kyle Murdock, Weber, Brett Gilchrist, Gilchrist, “, Michael Moore, Lawrence, Richard Valdmanis, Deepa Babington Organizations: REUTERS, Seafood Watch, Atlantic, U.S ., Atlantic Right Whales, National Oceanographic, Atmospheric Administration, Whales, Canadian, Center for Coastal Studies, NOAA, Canada’s Fisheries, Reuters, Fisheries, Oceans, Oceanographic, Thomson Locations: Monhegan, Maine, U.S, MONHEGAN, Monterey, U.S . East Coast, North Carolina, Florida, Cape Cod , Massachusetts, ” Washington, Ottawa, England, Massachusetts, Canada’s Gulf, St, Lawrence, Fundy, Oceans Canada, Gulf

☆ Amazon leads declines in discretionary sector, streaming companies outperform
▼ + stars: | 2023-06-07 | by ( Sinéad Carew | ) www.reuters.com time to read: +2 min

Amazon shares deepened losses after a Wall Street Journal report said the online retailer and video streamer is planning an advertising-supported tier for its Prime Video streaming service and that it is in talks with Warner Bros Discovery and Paramount about including ad-based tiers of their streaming services through Amazon Prime Video Channels. Forrest said the move would suggest that "the Prime service isn't enough" to keep customers. Along with streaming video, Prime subscriptions also include free shipping for eligible products, which helps boost Amazon's online sales. For anyone who has dropped the Prime service, Forrest said they would "buy from somewhere else because nobody wants to pay for shipping and pretty much everybody is offering free shipping now." The S&P's consumer discretionary sector, which includes Amazon, was down 0.9%.

Persons: Chris Licht, Kim Forrest, Forrest, Sinéad Carew, Deepa Babington Organizations: Amazon.com, Warner Bros Discovery, Paramount, Amazon Prime, Warner Bros, CNN, Amazon, Bokeh Capital Partners, Thomson Locations: Pittsburgh

☆ Fox News says Tucker Carlson breached his contract -Axios
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, June 7 (Reuters) - Fox News on Wednesday notified Tucker Carlson's legal team that the former prime-time host violated his contract with the network when he launched his own Twitter show on Tuesday, Axios reported, citing a copy of a letter obtained by the news website. Fox News general counsel Bernard Gugar sent a letter to Carlson's legal team saying Carlson "is in breach" of his contract agreement after he posted a clip of his new show on Twitter on Tuesday evening, according to Axios. Carlson's legal team could not immediately be reached for comment by Reuters. His lawyer told Axios that any legal action by Fox would violate his First Amendment rights to free speech guaranteed by the U.S. Constitution. Now they want to take Tucker Carlson's right to speak freely away from him because he took to social media to share his thoughts on current events," Carlson's lawyer, Bryan Freedman, said in a statement cited by Axios.

Persons: Tucker, Axios, Carlson, Bernard Gugar, Fox, Tucker Carlson's, Bryan Freedman, Kanishka Singh, Deepa Babington, Bill Berkrot Organizations: Fox News, Twitter, Fox, Reuters, U.S, U.S . Constitution, Thomson Locations: U.S ., Washington

REUTERS/Blair GableOTTAWA, June 7 (Reuters) - Hundreds of uncontrolled forest fires blazed across Canada on Wednesday, threatening critical infrastructure, forcing evacuations and sending a blanket of smoky air wafting over U.S. cities. Quebec Premier Francois Legault earlier said the province was able to fight 40 fires at the same time. Canadian Prime Minister Justin Trudeau said he spoke with U.S. President Joe Biden by phone on Wednesday to thank him for "critical support" in tackling the blazes. These fires are affecting everyday routines, lives and livelihoods, and our air quality," Trudeau said in a statement on Twitter. We will be facing more and more extreme weather events that will cost us a lot more," Prime Minister Justin Trudeau told the briefing.

Persons: Blair Gable OTTAWA, Bill Blair, Blair, Quebec Premier Francois Legault, Justin Trudeau, Joe Biden, Trudeau, Legault, Ismail Shakil, David Ljunggren, Nia Williams, Deepa Babington, Diane Craft Organizations: REUTERS, Quebec Premier, Canadian, U.S, Twitter, Residents, Thomson Locations: Centennial, Township, Greater Madawaska , Ontario, Canada, Quebec, U.S, New Brunswick, France, United States, Portugal, Spain, Mexico, Chibougamau, Ontario, Canada's, Ottawa, Toronto, British Columbia

The problem involves a fitting for the 787's horizontal stabilizer installed by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said in a statement it had validated Boeing's assessment that there was no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.

Persons: Gavin McIntyre, planemaker, Dreamliners, Jefferies, Sheila Kahyaoglu, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington, Jamie Freed Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington

SummarySummary Companies For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. The S&P 500 is up almost 20% from its October 2022 lows, boosted by gains in megacap stocks, a stronger-than-expected earnings season and hopes that the U.S. central bank is nearing the end of its interest rate-hike cycle. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2023. Financials (.SPSY) led gains among the 11 major S&P 500 sectors, while the KBW regional banking index (.KRX) was firmly in the green. Recent economic data and dovish remarks from Fed officials have raised the odds of the Fed holding interest rates at its June 13-14 meeting.

Persons: Piper Sandler, Jack Ablin, Brendan McDermid, Russell, Coinbase, Sruthi Shankar, Shristi, Vinay Dwivedi, Deepa Babington Organizations: U.S, SEC, Dow Jones, Nasdaq, New York Stock Exchange, REUTERS, U.S . Securities, Exchange Commission, Devices, Thomson Locations: megacap, U.S, New York City, Bengaluru

Boeing, which announced last week that it had increased 787 production from three to four jets a month, said the issue has not caused a halt in 787 production. The U.S. Federal Aviation Administration said has validated the Boeing's assessment that there is no immediate safety issue for 787s already in service. Boeing stopped 787 deliveries at multiple points during that period, resuming them last August after agreeing to an FAA-approved modification plan for Dreamliners in the company's inventory. The company faced yet another 787 delivery stoppage in February after Boeing found a data analysis error regarding forward pressure bulkhead that was unrelated to the shimming problem. In March, the FAA said it would allow Boeing to restart 787 deliveries, as the U.S. planemaker had addressed concerns.

Persons: Gavin McIntyre, Dreamliners, planemaker, Dave Calhoun, Valerie Insinna, David Shepardson, Will Dunham, Deepa Babington Organizations: Boeing, REUTERS, U.S . Federal Aviation Administration, FAA, Thomson Locations: North Charleston , South Carolina, U.S, REUTERS WASHINGTON, Salt Lake City , Utah, Washington

June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Analysts say slower hotel development will also limit profits of blue-chip manufacturers like Caterpillar Inc. , whose commercial real estate customers account for around 75% of construction sales. Overexposed regional banks are now offloading commercial real estate loans at a discount. Troubled regional lender PacWest Bancorp (PACW.O) announced in May it would sell $2.6 billion worth of real estate construction loans. Banks started to reduce their hotel loan portfolios in the first quarter of 2023, an analysis by S&P Global Market Intelligence found.

Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru

Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Western Alliance, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru

Focus now shifts to the Labor Department's closely watched unemployment report for May, due on Friday. The data will help determine whether the Fed sticks with its aggressive rate hikes. "The market became confident that, 'wow the Fed rate hike for June is pretty much not happening' and confidence is falling for raising rates for July," he said. C3.ai Inc (AI.N) slumped after the artificial intelligence company forecast an annual revenue outlook below analysts' estimates. Dollar General Corp (DG.N) plunged as retail companies cut their full-year sales forecasts as high inflation dimmed the U.S. consumer outlook.

Persons: Goldman Sachs, Edward Moya, I'm, Jimmy Chang, Chang, Jason Pride, We've, Herbert Lash, Shreyashi Sanyal, Shristi, Shounak Dasgupta, Maju Samuel, Deepa Babington Organizations: Labor, Dow Jones, Nasdaq, ADP, Labor Department, Unit, Futures, Reuters Graphics Reuters, Senate, Rockefeller Global, Nvidia Corp, Glenmede, Dow, Salesforce Inc, Goldman Sachs Group Inc, Meta, Inc, General Corp, Thomson Locations: New York, Philadelphia, Bengaluru

☆ Target Pride backlash exposes 'rainbow capitalism' problem, designer says
▼ + stars: | 2023-05-31 | by ( Helen Reid | ) www.reuters.com time to read: +4 min

[1/2] Erik Carnell, transgender designer and artist whose products were pulled by U.S. retailer Target from its Pride Collection amid backlash from some of their customers, poses for a portrait in London, Britain, May 30, 2023. REUTERS/Dylan MartinezLONDON, May 31 (Reuters) - U.S. retailer Target's decision to remove some LGBTQ-themed merchandise after customer backlash in its stores highlights the problem with companies' "rainbow capitalism," said Erik Carnell, a transgender designer whose products were pulled from its stores. Target (TGT.N) has sold LGBTQ-related goods tied to Pride month for years. Target's collection for Pride Month, which is celebrated every year in June, includes more than 2,000 products, including Carnell's Abprallen brand. "We stand with you now and will continue to do so - not just during Pride Month, but each and every day," he said.

Persons: Erik Carnell, Dylan Martinez, Carnell, influencer Dylan Mulvaney, Brian Cornell, Etsy, Helen Reid, Siddharth Cavale, Kate Masters, Matt Scuffham, Deepa Babington Organizations: U.S, Target, REUTERS, Dylan Martinez LONDON, Kohl's, Pride Month, Anheuser, Reuters, Business, Pride, Thomson Locations: London, Britain, New York

The upcoming national strategic fund for "Made in Italy" products will have an initial endowment of 1 billion euros ($1.10 billion) in state cash, the statement said, adding it would also aim to boost procurement of "critical raw materials." A draft seen by Reuters showed that the new vehicle was also entitled to invest in domestic, listed firms not operating in the financial sector. The scheme will aim to raise at least an additional 500 million euros from private investors, according to the document. Run by the state lender Cassa Depositi e Prestiti (CDP), the Patrimonio Rilancio fund was originally intended to provide some 40 billion euros of financing, but has so far invested just around 1 billion. Once the bill is approved by parliament, the government will issue a decree defining how the fund will work.

Persons: Rome, Giorgia Meloni, Adolfo Urso's, Italy's, Alison Williams, Deepa Babington Organizations: Reuters, United Arab, Industry, Patrimonio, InfraVia Capital Partners, Paris, Equity, Thomson Locations: ROME, Italy, Saudi Arabia, Qatar, United Arab Emirates, Azerbaijan, Norway, France

May 31 (Reuters) - American Airlines Group (AAL.O) will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp (JBLU.O), American CEO Robert Isom said on Wednesday. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference. American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth largest. Even as the Texas-based carrier prepares to appeal the ruling, Isom said it will have to work with the Justice Department and JetBlue to figure out what it does in the interim. American, which reiterated its full-year profit forecast Wednesday, doesn't expect the court ruling to have a material impact on its earnings.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Sorokin, Joe Biden's, doesn't, Rajesh Kumar Singh, David Shepardson, Diane Bartz, Deepa Babington, Lisa Shumaker Organizations: American Airlines Group, JetBlue Airways Corp, . U.S, District, Bernstein Conference, JetBlue, U.S . Justice Department, U.S, Justice Department, Thomson Locations: U.S, American, ., Boston, New York, Texas, Chicago, Washington

☆ Raging wildfire empties homes in eastern Canada, pollutes air in US
▼ + stars: | 2023-05-31 | by ( Eric Martyn | ) www.reuters.com time to read: +3 min

The fire, which is about 30 kilometres (19 miles) west of downtown Halifax, has already forced 18,000 people to evacuate their homes. No fatalities have been reported but about 200 homes, structures have been damaged, the CBC reported, citing the Halifax Regional Municipality. Forest fires also led to evacuations of about 400 homes in the province of New Brunswick over the weekend, officials said. "The stories and the images we're seeing coming out of Nova Scotia and New Brunswick are heartbreaking," Prime Minister Justin Trudeau told reporters in Ottawa, pledging federal support for the Atlantic provinces. The Halifax wildfire was expected to cause poor air quality hundreds of miles to the south in parts of the U.S. East Coast and Midwest as smoke drifts across the regions.

Persons: David Steeves, Justin Trudeau, what's, Brendan O'Brien, Ismail Shakil, Sriraj Kalluvila, Marguerita Choy, Deepa Babington Organizations: HALIFAX, U.S, Nova, Nova Scotia Department of Natural Resources, CBC, CBC News, U.S ., National Weather Service, Thomson Locations: Nova Scotia, Halifax, Canadian, Halifax Regional Municipality, New Brunswick, Ottawa, Atlantic, Bedford , Nova Scotia, West Bedford, Alberta, U.S . East Coast, Midwest, Michigan, Ohio, Pennsylvania , New Jersey, New York, Philadelphia, Chicago

☆ Exclusive: Qatar prime minister, Taliban chief hold secret Afghan talks
▼ + stars: | 2023-05-31 | by ( Jonathan Landay | ) www.reuters.com time to read: +6 min

The Taliban say they respect women’s rights in line with their interpretation of Islamic law and Afghan customs. The Taliban in March 2022 barred girls from high schools and extended the ban to universities in December. ADDRESSING HUMANITARIAN CRISISSheikh Mohammed and Haibatullah also discussed efforts to remedy Afghanistan's humanitarian crisis, the source said. The U.S. and its allies say the Taliban harbor members of al Qaeda and the Pakistani Taliban. Sheikh Mohammed, who also serves as Qatar's foreign minister, met publicly in Kandahar with Mullah Hassan Akhund, the Taliban prime minister, on the same day he met the supreme leader.

Persons: Mohammed bin Abdulrahman, Akhunzada, Joe Biden's, Sheikh Mohammed, Haibatullah, al, Mullah Hassan Akhund, Jonathan Landay, Don Durfee, Deepa Babington Organizations: Qatari, Qatar, United, The State Department, Human Rights, United Nations, Islamic, Haibatullah, Thomson Locations: Afghan, Kandahar, Thani, Kabul, United States, Washington, Qatar, U.S, Geneva, Islamic State, Afghanistan, The U.S, al Qaeda, Doha

May 30 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. The onshore yuan traded weaker than 7.00 per dollar for the eighth straight day, as markets position for another hike in U.S. interest rates and potential policy easing from Beijing. The dollar nudged 141 yen before closing slightly lower on the day, with traders' hawkish Fed forecasts relative to the Bank of Japan's policy outlook again keeping dollar bulls on the front foot. At the time of writing, U.S. stock futures pointed to gains on Wall Street of up to 0.5% on Tuesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

WASHINGTON, May 28 (Reuters) - U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote. The deal, if approved, will prevent the U.S. government from defaulting on its debt and comes after weeks of heated negotiations between Biden and House Republicans. "I strongly urge both chambers to pass that agreement," Biden said, adding that he expected McCarthy to have the necessary votes for the deal to pass. The deal has drawn fire from hardline Republicans and progressive Democrats, but Biden and McCarthy are banking on getting enough votes from both sides. McCarthy dismissed threats of opposition within his own party, saying "over 95%" of House Republicans were "overwhelmingly excited" about the deal.

☆ China declines US request for a meeting between defense chiefs
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +3 min

[1/2] Chinese Defence Minister Li Shangfu attends a meeting with Russian President Vladimir Putin and Defence Minister Sergei Shoigu in Moscow, Russia, April 16, 2023. Sputnik/Pavel Bednyakov/Pool via REUTERSMay 29 (Reuters) - China has declined a request by the U.S. for a meeting between their defense chiefs at an annual security forum in Singapore this weekend, media reported on Monday, a new sign of strain between the powers. The Pentagon said it believed in open communication "to ensure that competition does not veer into conflict." Last week, White House spokesman John Kirby said there were discussions by the Defense Department to get talks going between Lloyd Austin and his Chinese counterpart, who was named defense minister in March. Li is a member of the Central Military Commission, China's top defense body that is commanded by President Xi Jinping.

☆ Alberta heads to the polls with Canada's green agenda in balance
▼ + stars: | 2023-05-29 | by ( Nia Williams | ) www.reuters.com time to read: +4 min

[1/2] Alberta Premier Danielle Smith speaks during the Canada Strong and Free Networking Conference in Ottawa, Ontario, Canada March 23, 2023. The battle between populist Premier Danielle Smith's United Conservative Party (UCP), which is seeking a second consecutive term, and Rachel Notley's left-leaning New Democratic Party (NDP) is expected to be extremely close, pollsters say, even though Alberta is traditionally a conservative bastion. Alberta is Canada's highest-emitting province, largely due to vast oil sands operations in the northern boreal forest and produces 80% of the country's 4.9 million barrels per day of crude oil. She held another major rally in NDP stronghold and Alberta capital Edmonton on Sunday. Polls are open from 9 a.m. to 8 p.m. local time and the result is expected to be called late Monday night.

☆ China rejects US request for a meeting between defense chiefs -WSJ
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

May 29 (Reuters) - China has rejected a request by the United States for a meeting between their defense chiefs on the sidelines of an annual security forum in Singapore this coming weekend, the Wall Street Journal reported on Monday. "Overnight, the PRC informed the U.S. that they have declined our early May invitation for Secretary (Lloyd) Austin to meet with PRC Minister of National Defense Li Shangfu in Singapore this week," the Pentagon said in a statement to the Journal, adding the department believes in open communication "to ensure that competition does not veer into conflict." Last week, White House spokesman John Kirby said there were discussions by the Defense Department to get a conversation going between Lloyd and his Chinese counterpart. Kirby also said there was the possibility of a meeting between U.S. Trade Representative Katherine Tai and her Chinese counterpart during the Asia-Pacific-Economic Cooperation (APEC) meeting in Detroit. Reporting by Urvi Dugar in Bengaluru Editing by Chris Reese and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Biden and McCarthy's bumpy journey to a debt ceiling deal
▼ + stars: | 2023-05-29 | by ( Steve Holland | ) www.reuters.com time to read: +6 min

During months of tense exchanges over the U.S. debt ceiling, McCarthy has also taken some swipes at Biden. Arguing that Biden should meet him to discuss his demands for lifting the debt ceiling in March, McCarthy made fun of the 80-year-old president's advanced age. "I would bring lunch to the White House. But it also preserves much of Biden's Inflation Reduction Act and punts the next debt ceiling showdown into 2025, which Republicans hate. Although he initially called for the debt ceiling to be raised without negotiations, he ended up making compromises.

WASHINGTON, May 28 (Reuters) - U.S. President Joe Biden said on Sunday he had finalized a budget agreement with U.S. House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling and that the deal was ready to move to Congress for a vote. "I strongly urge both chambers to pass that agreement," Biden said, adding that he expected McCarthy to have the necessary votes for the deal to pass. The deal has drawn fire from hardline Republicans and progressive Democrats, but Biden and McCarthy believe they have enough votes from moderates on both sides. [1/2] U.S. President Joe Biden speaks on his deal with House Speaker Kevin McCarthy (R-CA) to raise the United States' debt ceiling at the White House in Washington, U.S., May 28, 2023. But McCarthy dismissed threats of opposition within his own party, saying "over 95%" of House Republicans were "overwhelmingly excited" about the deal.

☆ Boeing looks to sell at least 150 737 Max jets to Riyadh Air - Bloomberg News
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

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. Airbus SE (AIR.PA) could also claim a part of the order, the report added. Boeing, Riyadh Air and PIF did not immediately respond to a Reuters request for comment. Boeing previously won another order by state-owned airline Saudia and Riyadh Air for a combined 78 Boeing 787 Dreamliners, the fifth-largest commercial order by value in the plane maker's history. (This story has been corrected to change the type of Boeing jetliner model from '747 Max' to '737 Max' in the headline and paragraph 1)Reporting by Jyoti Narayan in Bengaluru; Editing by Mark Porter and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

[1/3] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. Here's what we know so far:A CAP ON DISCRETIONARY SPENDINGThe deal would suspend the $31.4 trillion debt ceiling until January of 2025, allowing the U.S. government to pay its bills. Republicans have told their members that non-defense discretionary spending would be cut to 2022 levels, apart from veterans' healthcare, which would remain fully funded. The U.S. government will spend $936 billion on non-defense discretionary spending in 2023. However, other sources say the deal codifies relief from student loan payments while Biden's executive action providing up to $20,000 of debt relief per borrower is under review by the Supreme Court.

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