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Dollar takes a beating as traders see U.S. rates peaking
  + stars: | 2023-07-13 | by ( ) www.cnbc.com   time to read: +3 min
The dollar had its worst session in five months overnight, falling more than 1% against the euro to its lowest in more than a year and notching even larger losses elsewhere. U.S. core inflation came in at 0.2% in June against market expectations for 0.3%. Two-year Treasury yields, which track rate expectations, dropped more than 15 basis points overnight to 4.73%. Sterling sat at $1.2994, just below its overnight high of $1.3001. Chinese trade data is due later on Thursday, along with minutes from last month's European Central Bank meeting, European industrial production data and British monthly GDP.
Persons: Steve Englander, Sterling Organizations: month's, U.S, New Zealand, Sterling, Swiss, Standard Chartered, Swedish, Bank of Japan, Central Bank Locations: Asia, Scandinavia
Dollar takes a beating as traders see US rates peaking
  + stars: | 2023-07-13 | by ( Tom Westbrook | ) www.reuters.com   time to read: +3 min
The dollar had its worst session in five months overnight, falling more than 1% against the euro to its lowest in more than a year and notching even larger losses elsewhere. The New Zealand dollar reached a two-month high of $0.6309 and the Aussie a three-week peak of $0.6796. The moves were small, yet showed traders' faith the dollar has further to fall. Sterling sat at $1.2994, just below its overnight high of $1.3001. The Swiss franc , which hit its highest since 2015 overnight, traded just below that level at 0.8661 francs to the dollar.
Persons: Steve Englander, Sterling, Tom Westbrook, Jamie Freed Organizations: month's, U.S, New Zealand, Sterling, Swiss, Standard Chartered, Swedish, Bank of Japan, Central Bank, Thomson Locations: SINGAPORE, Asia, Scandinavia
The Northern Lights are expected to be visible from 17 states on Thursday. It includes places as far south as New York and Maryland, The Associated Press reported. You should get away from city lights between 10 p.m. and 2 a.m. local time to get a good view. Thursday's lights are set to be more visible as the forecasted solar storm will result in increased auroral activity. According to the Geophysical Institute, in one rare event in 1958, the Northern Lights were even visible from Mexico City.
Organizations: Associated Press, Service, AP, Geophysical Institute, University of Alaska, Fairbanks, Atmospheric Administration Locations: New York, Maryland, Wall, Silicon, Canada, Scandinavia, Alaska , Oregon, Washington , Idaho , Montana , Wyoming, North Dakota, South Dakota, Minnesota , Wisconsin , Michigan, New York , New Hampshire , Vermont , Indiana , Maine, Annapolis , Maryland, Boise , Idaho, Riverton , Wyoming, California, Arizona, Mexico City
Norwegian Air to buy regional peer Wideroe for $106 mln
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
OSLO, July 6 (Reuters) - Norwegian Air (NAS.OL) has agreed to buy domestic peer Wideroe for 1.13 billion crowns ($106 million) as the reborn airline looks to strengthen its position in its home region. "The transaction is expected to provide significant benefits for travellers, employees and shareholders, and to strengthen the combined Norwegian and Wideroe as a key part of critical domestic infrastructure," Norwegian Air said in a statement. An important part of the regional infrastructure, Wideroe owns 40 Bombardier Dash 8 aircraft, and three Embraer E190-E2 jets, with seat numbers in each plane ranging from 39 to 110. The deal comes only two years after Norwegian Air emerged from bankruptcy protection with a smaller fleet and its debt almost wiped out, having raised cash. Norwegian Air said the two carriers had very limited overlap on routes, and it saw potential annual synergies from the acquisition of 200-300 million crowns ($18.8-28.2 million).
Persons: Privately, Wideroe, Louise Breusch Rasmussen, Anna Ringstrom, Mark Potter Organizations: Bombardier Dash, Embraer, Norwegian Air, Boeing, Victoria, Thomson Locations: OSLO, Norwegian, Scandinavia's
The analysis from the European Union’s Copernicus Climate Change Service found that last month was the planet’s hottest June by a “substantial margin” above the previous record, which was set in 2019. The nine hottest Junes have all occurred in the last nine years, according to the agency – evidence the human-caused climate crisis is driving temperatures to unprecedented levels. This is exactly what global warming looks like.”Scientists have warned that these record temperatures bear the fingerprints of the climate crisis. Northwest Europe experienced record-breaking temperatures last, including the UK, which logged its hottest June on record, according to the UK Met Office. “The ocean warming is even more concerning because as the oceans warm, they expand, which means higher sea levels, larger storms surges and more flooding of coastal communities,” Marlon said.
Persons: Copernicus, ” Jennifer Marlon, , Greenlee Beal, El Niño, ” Marlon, Organizations: CNN, Southern, Yale School of Environment, Northwest, UK Met Office, Reuters, Climate, Atlantic Locations: Southern US, Mexico, El, Pacific, Northwest Europe, Canada, United States, Asia, Australia, Texas, Central America, Ireland, Baltic, Europe, Iceland, Russia, Turkey, Kosovo, Romania, Scandinavia, America, Horn of Africa, South America, Antarctica
With economic and monetary policy outlooks varying, currency moves are increasingly out of sync with each other. More pain is also anticipated for the yuan, trading near seven-month lows, as well as smaller Asian currencies. It's continuing to weaken against some European currencies and also Latin American currencies," he said. MULTI-LAYERED CRISISKit Juckes, head of FX strategy at Societe Generale, said the focus on monetary policy differences was also a result of uncertainties elsewhere. "We've got a one-in-a-100-years pandemic and once-in-75-years war and a-once-in-25-years energy crisis all thrown into the mix together," said SocGen's Juckes.
Persons: Yen, Pound, Jordan Rochester, Nomura, Lee Hardman, Hardman, Juckes, Morgan Stanley reckons, We've, SocGen's, You’ve, Dhara Ranasinghe, Alun John, John Stonestreet Organizations: The Bank of, European Central Bank, Reuters Graphics Rochester, Societe Generale, Bank of Japan, Thomson Locations: Europe, COVID, Ukraine, The Bank of Japan, United States, Beijing, Scandinavia
"I think most of the world is watching," Megan Davis, constitutional lawyer and Aboriginal woman who is leading the campaign for the change, told Reuters in an interview. A successful referendum will set a precedent that will be "really useful for other indigenous populations around the world in relation to recognition," Davis said. While a majority of Indigenous Australians back the change, support has been wavering at a national level, according to recent opinion polls. In the past there have been 44 proposals for constitutional change in 19 referendums, and only eight of these have passed. Pat Anderson, another Indigenous woman and campaign leader said this was the best political space Aboriginal Australians have been in since their struggle started over 200 years ago.
Persons: Megan Davis, Davis, Pat Anderson, Anderson, Stephen Coates Organizations: SYDNEY, Reuters, First Nations, Nations, UN, United, Indigenous Peoples, Australia's, Thomson Locations: Australia, Torres, Scandinavia, British, Australia's, Canada, New Zealand, United States
Eve agrees on potential sale of up to 150 flying cars
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, June 20 (Reuters) - Electric aircraft maker Eve (EVEX.N), controlled by Brazil's Embraer (EMBR3.SA), said on Tuesday it has signed letters of intent for potential sales of its "flying car" to Voar Aviation, Nordic Aviation and Wideroe Zero. Under the new agreements, Eve said in a statement, Voar would operate its eVTOLs in Brazil's main metropolitan areas and popular tourist destinations, such as Sao Paulo, Florianopolis and Salvador. Wideroe Zero's parent Wideroe is already an Embraer customer for conventional jets, currently having three E190-E2 aircraft in its fleet. Its low-carbon unit envisions all domestic short-haul flights to be electric as part of Norway's goal of achieving carbon-neutral aviation by 2040. Reporting by Gabriel Araujo; Editing by Kirsten Donovan and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Eve, Norway's, Gabriel Araujo, Kirsten Donovan, Louise Heavens Organizations: SAO PAULO, Electric, Brazil's Embraer, EMBR3, Voar Aviation, Nordic Aviation, Wideroe, Nordic, Embraer, Thomson Locations: Brazil's, Sao Paulo, Florianopolis, Salvador, Scandinavia
The world’s most eco-conscious airlines
  + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com   time to read: +12 min
CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.
Persons: , Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, , Zheng, , that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada
COPENHAGEN, June 14 (Reuters) - Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by 2,100 tonnes over the coming three years as it partners up with Scandinavia's leading postal service, PostNord, the company said on Wednesday. Using Einride's electric trucks, PostNord will reduce its fossil-fuel-driven deliveries in Norway by more than 1,500 km (932 miles) per day. Many goods can be transported with zero-emission vehicles, resulting in a significant environmental benefit, according to assistant director of sustainability at PostNord Norway, May-Kristin Willoch. Swedish start-up Einride driverless electric truck is seen in Jonkoping, Sweden May 15, 2019. Self-driving technology for freight trucks has attracted investor attention in recent years as it is deemed cheaper and easier to roll out than self-driving cars.
Persons: Robert Falck, Kristin Willoch, Ilze, PostNord, Johannes Birkebaek, Mark Potter Organizations: REUTERS, Einride, Thomson Locations: COPENHAGEN, Swedish, Norway, Jonkoping, Sweden, Oslo, Denmark
British streamer BritBox just scored a deal with Comcast as it eyes US expansion. BritBox is like other enthusiast streamers that have sustained growth while big SVODs' growth has slowed. BritBox International, the British-specialty streaming service backed by BBC Studios and ITV Studios, has big ambitions for growth. The Xfinity opportunity is "a real step change in terms of distribution and access," said Reemah Sakaan, CEO of BritBox International. But BritBox sees itself in a good position to complement the big streamers — as British content moves into the mainstream and interest in high-quality, international content grows.
Persons: it's, Comcast's, BritBox, Reemah Sakaan, Agatha Christie's Poirot, Matthew Macfadyen, John Stonehouse, Frannie Langton, Jed Mercurio's, Mercurio's, Cary Grant, Archie, Jason Isaacs, Harry Potter, Matthew Macfadyen's, Brian Cox, Logan Roy, Robert Schildhouse, King Charles, Sakaan, We've Organizations: Comcast, BritBox, BBC Studios, ITV Studios, AMC, BET, Netflix, Hulu, US, Amazon's, Disney, Labor, Warner Bros, Hollywood, Writers ' Guild of Great Locations: British, Canada, Australia, Scandinavia, " Stonehouse, BritBox, American, Stonehouse, North America, Writers ' Guild of Great Britain
Episode two of HBO's "The Idol" brought in 800,000 viewers, per Variety. British GQ declared that episode two included "the worst sex scene in history." The second episode of HBO's controversial new series "The Idol" brought in 800,000 viewers across HBO and Max on Sunday, a 12% decrease compared to its premiere, according to Variety. British GQ declared that in Sunday's episode two, the series delivered "the worst sex scene in history." Discovery told Variety that "The Idol" had scored higher viewership in Latin America and Europe than "The White Lotus" and "Winning Time" had in the same amount of time.
Persons: Sam Levinson, Lily, Rose Depp, Abel, we're, Lucy Ford, Tesfaye, Depp, Levinson Organizations: British GQ, HBO, Max, Variety, Rotten, Warner Bros . Discovery, Stone Locations: British, FlixPatrol, America, Scandinavia, Central Europe, Western Europe, Europe
It's a hit in Scandinavia and Latin America, but hasn't performed as well in the US, per data from FlixPatrol. HBO's "The Idol" was divisive before it even debuted on June 4, and its popularity around the world has also been uneven, according to new data. But the controversies started for "The Idol" well before the reviews started rolling in. A bombshell story from Rolling Stone in March said the show had gone "wildly, disgustingly off the rails," according to interviews with 13 sources. Tesfaye called the Rolling Stone article "ridiculous" in an interview with Vanity Fair shortly after its publication.
Persons: hasn't, Sam Levinson, Lily, Rose Depp, Abel, Max, Variety's Peter Debruge, Gyarkye, Stone, Levinson, Tesfaye, Depp Organizations: Rotten, HBO, Netflix, Stone, Cannes Film Locations: Scandinavia, Latin America, FlixPatrol, America, Central Europe, Western Europe, Sweden, Hungary, Denmark, Mexico, Argentina, Colombia
[1/3] A man sits next to the body of his granddaughter who was killed during a Russian missile strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine June 1, 2023. The war has killed tens of thousands of people, uprooted millions, shattered Ukrainian cities, and brought increasing attacks on Russian soil. Earlier, the Russian Volunteer Corps (RVC), a far-right paramilitary group of ethnic Russians that supports Ukraine, had said it was fighting inside Russia. 'NO ONE OPENED SHELTER'In Kyiv, Ukraine said it shot down 10 ballistic and Iskander cruise missiles in Russia's 18th attack on the capital since the start of May. Russia denies targeting civilians or committing war crimes but its forces have devastated Ukrainian cities and repeatedly hit residential areas since the Feb. 24, 2022 invasion.
Persons: Vyacheslav Gladkov, Yaroslav Ryabchuk, Vladimir Putin's, Putin, Volodymyr Zelenskiy, Zelenskiy, Maia Sandu, Guy Faulconbridge, Felix Light, Olena Harmash, John Irish, Andrew Gray, Andrew Cawthorne, Ros Russell, Mark Heinrich Our Organizations: REUTERS, Moldova KYIV, Russia's, Russian Volunteer Corps, Belgorod region's, Soviet Union, NATO, Moldovan, Thomson Locations: Russian, Ukraine, Kyiv, Moldova, MOSCOW, Russia, Ukrainian, Shebekino, Moscow, Belgorod, Soviet, Western, EU, Scandinavia, Denmark, Lithuania, NATO
D3sign | Moment | Getty ImagesInternational travel costs have hit record highsThe Eiffel Tower and Seine River at sunrise in Paris. The so-called "revenge travel" dynamic has helped to push up prices, perhaps most acutely for travel abroad. These are record-high prices, Berg said. People should be prepared not just for a busy travel season, but an expensive travel season. Sally French travel expert at NerdWalletThis summer is expected to be the busiest on record for international travel, the U.S. State Department said in March.
[1/3] Tristan Thomas, CEO of Packfleet, demonstrates charging an electric van made by Chinese brand Maxus at the fully-electric package delivery firm's headquarters in London, Britain, October 27, 2022. Packfleet grew tenfold in 2022 and CEO Tristan Thomas said most of the company's 53-vehicle fleet are Maxus vans. SAIC said it sold 18,000 mostly electric Maxus brand vehicles in Western Europe and Scandinavia last year, including buses and pickup trucks. Fleet manager Sean Clifton has 50 additional Ford vans and 20 Maxus vans on order, but will need more soon as Asda electrifies its 1,300 delivery vans. There is no difference in delays for conventional and electric vans at Renault, said commercial vehicle marketing director John Cleworth.
Numerous countries have detained or expelled suspected Russian spies in recent months. The arrest comes after several countries detained or expelled hundreds of suspected Russian spies in the preceding weeks and months. Hundreds of suspected Russian spies have been expelledSergey Vladimirovich Cherkasov, pictured in Russian military uniform Department of JusticeLast week, documents released by the Department of Justice revealed the dramatic story of an accused Russian spy. In a similar case in Australia in February, a local newspaper reported that authorities expelled a large Russian spy ring — whose members were posing as diplomats — from the country. Countries across Scandinavia have also made a significant clampdown on those accused of Russian espionage, Politico reports.
"But if it gets noticed, the flight attendant will have to speak with their manager." This made me realize that there's so much we don't notice, or even know, when it comes to the job of a flight attendant. Flight attendants sometimes live together in crash padsFor some flight attendants, always being on the go doesn't warrant wanting to pay rent at an apartment that you'll hardly use. Williams said there's such a thing as flight attendant crash pads, where you split rent with a group of other flight attendants near the airport. You can't become a flight attendant overnightUnlike some jobs where you can submit your resume, go through minimal training, and start immediately, being a flight attendant requires a decent amount of training.
Danish scientists have found the oldest-known reference to the Norse god Odin. It is the first piece of evidence that Odin was worshipped as early as the 5th century. Odin was also the god of war and death who ruled over Valhalla, a majestic hall dedicated to those killed in battle, according to Nordic religion. He was predominantly worshipped by Norse and later Viking kings, warrior chieftains, and their men, according to the National Museum of Denmark. It included 2.2 pounds of gold medallions the size of saucers and Roman coins made into jewelry.
Feb 23 (Reuters) - Luxury eyewear maker EssilorLuxottica (ESLX.PA) on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions. The maker of Oakley and Ray-Ban sunglasses posted a 9.4% rise in revenues to 6.11 billion euros ($6.49 billion) in the final quarter of the year at current exchange rates. The French-Italian eyewear group said Europe, Middle East, and Africa (EMEA) was its best performing region in the quarter due to solid sales growth in France, Italy, Spain, the UK and Scandinavia. Sales in the region grew 6.2% at constant exchange rates to 2.09 billion euros. ($1 = 0.9416 euros)Reporting by Jagoda Darlak; editing by Shri Navaratnam and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
[1/4] A Russian police officer stands in front of a branch of the Raiffeisen Bank in Moscow, Russia, February 27, 2016. It made a net profit of roughly 3.8 billion euros last year, thanks in large part to a 2 billion euro plus profit from its Russia business. Of UniCredit's more than 20 billion euro total revenue last year, Russia accounted for more than 1 billion euros. Meanwhile, Russian savers lodged more than 20 billion euros with the bank, which offers a place to deposit funds with fewer sanctions risks. It banned investors from so-called unfriendly countries from selling shares in banks, unless the Russian President grants an exemption.
BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted (SCHA.OL) and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's (AAPL.O) powers, especially over its App Store. Apple is already in the EU antitrust crosshairs related to its App Store practices in music streaming, in e-books and competing apps as well as its mobile payment system Apple Pay. Apple's App Store practices affect Schibsted because of its market power in Scandinavia where up to 60% of consumers have an iPhone in Norway and Sweden, said Petra Wikstrom, director of Public Policy at Schibsted. Apple, which would be forced to loosen its App Store rules under the DMA, could not be reached for comment. In 2021, to allay Japanese antitrust concerns, it scraped the ban on providing separate links on App Store apps for reader apps which provide content such as e-books, video and music.
Travel professional Tammy Cecco named the Celebrity Edge cruise ship, shown here, as one that has spacious suites and great window views. Eva Marie Uzcategui | Bloomberg | Getty ImagesOnce she "relaxed into it," Cecco said, she started to enjoy cruise ship travel. Courtesy of Tammy CeccoCecco, who often travels with her family of five and her mother-in-law, said private tours suit everyone's needs — and interests. Luciano Bullorsky ToursByLocals' President and Co-ownerCecco said she booked a private tour at "pretty much every stop" on their last cruise, plus Rome. The company said private shore tours account for nearly a third of all tours booked in 2023 — up from 12% in 2022 bookings.
[1/2] Germany delivers its first Leopard tanks to Slovakia as part of a deal after Slovakia donated fighting vehicles to Ukraine, in Bratislava, Slovakia, December 19, 2022. REUTERS/Radovan StoklasaBERLIN, Jan 24 (Reuters) - German Chancellor Olaf Scholz has decided to send Leopard 2 battle tanks to Ukraine and allow other countries such as Poland to do so while the United States may supply Abrams tanks, two sources familiar with the matter told Reuters. A government spokesperson, the foreign ministry and the defence ministry declined to comment. Other allies, in Scandinavia for example, intend to go along with Germany in supplying their Leopard tanks to Kyiv, the magazine reported. U.S. officials told Reuters that Washington may soon drop its opposition to sending Abrams tanks to Ukraine, in a move intended to encourage Germany to follow.
BERLIN, Jan 24 (Reuters) - German Chancellor Olaf Scholz has decided to send Leopard 2 tanks to Ukraine and allow other countries such as Poland to do so while the U.S. may supply Abrams tanks, magazine Spiegel reported on Tuesday. The decision concerns at least one company of Leopard 2 A6 tanks that will be provided out of Bundeswehr stocks, Spiegel said. Other allies, in Scandinavia for example, intend to go along with Germany in supplying their Leopard tanks to Kyiv, the magazine reported. In the longer term, more tanks could be restored to be fit for use, according to the magazine. Reporting by Riham Alkousaa, writing by Sabine SieboldOur Standards: The Thomson Reuters Trust Principles.
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