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2024 Rolls-Royce Spectre: Electrified at Last
  + stars: | 2023-07-07 | by ( Dan Neil | ) www.wsj.com   time to read: 1 min
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OTTAWA, July 7 (Reuters) - Canada's economy added far more jobs than expected in June, data showed on Friday, a result analysts said probably seals the deal for another Bank of Canada (BoC) interest rate hike next week. The unemployment rate in June increased for the second consecutive month and is now at its highest level since February 2022, though still below a pre-pandemic 12-month average, Statscan said. The June jobs report is the last major economic figure to be released before the BoC's rate announcement on Wednesday. Growth has remained resilient despite nine rate increases totaling 450 basis points since March of last year. The net jobs addition in June, the largest since January, were driven by full-time work.
Persons: Jobs, Statscan, Derek Holt, Royce Mendes, Ismail Shakil, Steve Scherer, Dale Smith, Emelia Sithole, Mark Porter Organizations: OTTAWA, Bank of Canada, BoC, Statistics, Scotiabank, Desjardins Group, Reuters, Canadian, Employment, Thomson Locations: Statistics Canada, Ottawa
Rolls-Royce's first electric car, the $420,000 Spectre, has arrived. Those taillightsRolls-Royce says the taillights look like "islands in a lake." Look closely at the Spectre's taillights and you'll notice they're single, uninterrupted parts, plunged into a smooth, uninterrupted body panel. The Spectre's grille pushes air around the car instead of sucking it in. A pink Rolls-Royce Spectre.
Persons: Torsten Müller, Ötvös, Royce, Anders Warming, we've, Royce What's Organizations: Royce
London CNN —Scotland has concluded a day of festivities celebrating British monarch King Charles III’s recent coronation. King Charles III is presented with the Crown of Scotland at St. Giles' Cathedral, Edinburgh on July 5, 2023. Jane Barlow/ReutersThe service was preceded by a “people’s procession” and a royal procession to the cathedral, and rounded off with a gun salute. Danny Lawson/Getty ImagesCharles arrived at the cathedral in the royal procession in the state Bentley, accompanied by Queen Camilla. King Charles III and Queen Camilla during the service Andrew Milligan/ReutersCamilla wore a long white dress by British designer Bruce Oldfield.
Persons: King Charles III’s, Chris Jackson, Elizabeth, ” –, Queen Elizabeth II –, James IV, Pope Julius II, King Charles III, Giles, Jane Barlow, Royal Air Force flypast, Cruachan IV, , , Danny Lawson, Charles, Bentley, Queen Camilla, Andrew Milligan, Camilla, Bruce Oldfield, Oldfield, Prince William, Catherine, Duke, Duchess of, Royce, Giles ’, Charles ’, William, Kate, John Linton, CNN’s Max Foster Organizations: London CNN, Combined Cadet Force, Getty, Cathedral, Royal Air Force, Royal Regiment of, Police Scotland, Protesters, Royal Navy, Thistle, Edinburgh Castle, King’s, Guard, Royal Company of Archers, RAF, 12th Regiment Royal Artillery, Holyrood Locations: Edinburgh, Scottish, St, Royal Regiment of Scotland, British, Scotland, Duchess of Rothesay, Gordonstoun, AFP
In 1928, Joseph Kennedy bought a white-shingled cottage in Hyannis Port, Massachusetts, for $25,000. The main home in the Kennedy family compound in Hyannis Port, Mass. AP/Stew MilneHyannis Port became a homeBefore the Kennedys rolled into Hyannis Port, they had trouble establishing a summer home in coastal Massachusetts. Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, John F. Kennedy and Jean Kennedy play footballl while on vacation at the Kennedy compound in June 1953 in Hyannis Port, Massachusetts. (His father stayed in his Hyannis Port bedroom for five days listening to classical music when he heard the news.)
Persons: Joseph Kennedy, Kennedy, It's, , Royce, Kate Storey, Joseph, John, Robert, John F, Robert F, Kennedy Jr, Robert's, John Kennedy, Carolyn Bessette, Saoirse Kennedy, Storey —, Stone —, it's, Stew Milne, Rose, Honey Fitz, Fitzgerald, Boston, Storey, Gloria Swanson, Franklin D, Roosevelt, Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, Jean Kennedy, footballl, Hy Peskin, Eunice, John's, Ethel, Jacqueline, Rosemary Kennedy, Joseph Jr, Kathleen, Robert Jr, Bobby Shriver, Joseph P, Ted Kennedy's, John Jr, Caroline, Jackie, Maria Shriver, Arnold Schwarzenegger, Caroline Kennedy's, Edwin A, Pat, Ted, what's Organizations: Service, Hyannis Port, Kennedy Hyannis Museum, Stone, Stew Milne Hyannis Port, Catholic, Hollywood, Big, Senate, Democrat, Kennedys, Big House, Kennedy Library Foundation, Democratic, Getty, Camelot Locations: Hyannis Port , Massachusetts, Boston, Hyannis, Cod, Hyannis Port, Hyannis Port ,, Stew Milne Hyannis, Massachusetts, Palm Beach , Florida
Both countries are also investing in new light tanks designed for high altitudes and rough terrain. Consequently, India is planning to developing its own light tank to level the playing field. The Type 15A Type 15 tank on display at the Beijing Exhibition Center in October. NOEL CELIS/AFP via Getty ImagesChina has coped with these issues by deploying its Type 15 light tank, one of the few modern light tanks produced in the 21st century. India has tried on and off since 1983 to develop a new light tank but has never settled on a model.
Persons: , NOEL CELIS, Arjuna, Ajay Aggarwal, hasn't, Danish Ismail, Narendra Modi's, Toubro, Zorawar Singh Organizations: Service, US Army, Bilderwelt, Beijing Exhibition Center, Getty Images, Abrams, Getty, Hindustan Times, Indian Ministry of Defense, REUTERS, Danish, India's Ministry of Defense, Larsen, Rolls Royce Locations: India, Bologna, China, Japan, Ladakh, AFP, Getty Images China, Russia, Western, People's Republic of China, New Delhi, Pakistan, Indian, Belgian
MLB roundup: Shohei Ohtani belts 30th homer in Angels' loss
  + stars: | 2023-07-01 | by ( ) www.reuters.com   time to read: +9 min
Major league home run leader Shohei Ohtani hit his 30th of the season for the Angels, a 493-foot blast to right. Reds 7, Padres 5 (11 innings)Spencer Steer drilled a game-winning, two-out, two-run homer off the upper deck in left to lead Cincinnati past visiting San Diego for its their third straight win and 15th in 18 games. The Reds were down to their final out when Matt McLain drilled a two-run homer in the 10th to extend the see-saw contest. Pirates 8, Brewers 7Carlos Santana's two-out, two-run homer in the ninth inning lifted Pittsburgh past visiting Milwaukee for its fourth win in a row. Nationals 2, Phillies 1Stone Garrett hit a two-run homer to lift Washington past host Philadelphia for its third straight win.
Persons: Lourdes Gurriel Jr, Evan Longoria, Shohei Ohtani, Mike Trout, Arizona's Tommy Henry, Griffin Canning, Spencer Steer, Matt McLain, Elly De La Cruz, Gary Sanchez, Juan Soto, Carlos Santana's, Matt Bush, Ji Hwan Bae, Andrew McCutchen's, Santana, Carmen Mlodzinski, Brice Turang, Christian Yelich, Owen Miller, Rowdy Tellez, Freddy Peralta, Randy Arozarena, Josh Lowe, Jose Siri, Shane McClanahan, Tom Murphy, Shawn Armstrong, Jake Diekman, Kevin Kelly, Jason Adam, Colin Poche, McClanahan, James Paxton, Jarren Duran, Justin Turner, Masataka Yoshida, Jose Berrios, Stone Garrett, Dominic Smith, Lane Thomas, Josiah Gray, Hunter Harvey, Cristopher Sanchez, Alec Bohm, Justin Steele, Nico Hoerner, Nick Madrigal, Christopher Morel, Cleveland's Cal Quantrill, Will Brennan, Amed Rosario, Patrick Bailey, Joc Pederson, David Robertson, Pete Alonso, J.D, Davis, Bailey, Jeff McNeil, Tommy Pham, Omar Narvaez, Matt Olson, Michael Soroka, Olson, Eddie Rosario, Austin Riley, Sean Murphy, Ronald Acuna Jr, Soroka, Jose Altuve, Mauricio Dubon, Yainer Diaz, Dubon, Jake Meyers, Ronel Blanco, Ryan Pressly, Pablo Lopez, Byron Buxton, Joey Gallo, Max Kepler, Royce Lewis, Buxton, Lopez, Adley Rutschman, Dean Kremer, Mookie Betts, Betts, Alec Marsh, Ezquiel Tovar, Nolan Jones, Jurickson Profar, Ryan McMahon, Austin Gomber, Pierce Johnson, Andy Ibanez, Tony Kemp, Luis Medina, Eloy Jimenez, Tanner Banks, JJ Bleday, Aledmys Diaz, Shea Langeliers, Jace Peterson's, Kemp, Jordan Diaz Organizations: Arizona Diamondbacks, Los Angeles Angels, Diamondbacks, Angels, Reds, Padres, Cincinnati, The Reds, Pirates, Brewers, Pittsburgh, Milwaukee, Rays, Mariners, Tampa Bay, Seattle, Tampa, Sox, Blue Jays, Boston, Toronto, Red Sox, Nationals, Phillies, Cubs, Chicago, Guardians, Giants, Mets, San Francisco, New, Braves, Marlins, Miami, National League, Astros, Rangers, Texas, Orioles, Minnesota, Baltimore, Twins, Dodgers, Royals, Kansas City, Rockies, Tigers, Colorado, Detroit, Austin, Athletics, White Sox, Oakland, A's, Thomson Locations: Anaheim, Calif, Los Angeles, San Diego, Milwaukee, Paxton, Washington, Philadelphia, Chicago, Cleveland, New York, Houston, Arlington , Texas, Kansas, Denver, Medina
The central bank is worried that the Canadian economy is running too hot for inflation to return to its 2% target and that if it waits to act, inflation expectations could rise, making matters worse. The central bank lifted its benchmark rate to a 22-year high of 4.75% this month and is expected to tighten further in July or September. A hard landing for the economy, or a recession, could raise unemployment, something the BoC has been hoping to avoid. "I'm not going to be betting against interest rates and I'm not going to be betting against policy lags." The data has left analysts pushing back their forecasts of a slowdown to later in 2023 or in 2024 but accompanied by higher than anticipated interest rates.
Persons: Karl Schamotta, David Rosenberg, I'm, Royce Mendes, Fergal Smith, Steve Scherer, Denny Thomas, Stephen Coates Organizations: TORONTO, Bank, Bank of Canada's, BoC, Bank of Canada, Rosenberg Research, Desjardins, Thomson Locations: United States, Data, Toronto, Ottawa
MLB roundup: Yanks' Domingo German fires perfecto vs. A's
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +11 min
Drew Waters had two hits and a walk for the Royals, who have lost 20 of their past 25 games. Minnesota starter Kenta Maeda (1-5) pitched five innings and allowed two runs on five hits, with two walks and four strikeouts. Angels starter Jaime Barria (2-3) allowed five runs on seven hits, including three home runs, in three innings. Blue Jays 6, Giants 1Toronto erupted for five runs in the first inning and went on to defeat visiting San Francisco. Aaron Nola (7-5) yielded four runs on seven hits over five innings but benefited from the Phillies' five-run second inning.
Persons: Domingo German, Stan Szeto, Domingo, Esteury Ruiz, Josh Donaldson, Feliz Hernandez, Don Larsen, David Wells, David Cone, Giancarlo Stanton, Harrison Bader, Volpe, Donaldson, Falefa, JP, Jose Ramirez, Josh Bell, Cleveland, Bo Naylor, Ramirez, Drew Waters, Matt Olson, Olson, Kolby Allard, Kirby Yates, Kenta Maeda, Royce Lewis, Ezequiel Tovar, Randal Grichuk, Cron, Jake Bird, Justin Lawrence, Victor Gonzalez, Yonny Hernandez, Mookie Betts, Freddie Freeman, Lawrence, David Peralta, J.D, Martinez, Seby Zavala, Eloy Jimenez, Luis Robert Jr, Robert, Zavala, Andrew Vaughn, Zach Remillard, Shohei Ohtani, Brandon Drury, Lucas Giolito, Jaime Barria, Patrick Corbin, Corbin, Keibert Ruiz, Jose Caballero, Logan Gilbert, George Springer, Trevor Richards, Bowden Francis, Richards, Austin Slater, LaMonte Wade Jr, Will Benson, TJ Friedl's, Adam Frazier's, Alexis Diaz, Fernando Cruz, Keegan Akin, Nick Castellanos, Edmundo Sosa, Josh Harrison, Aaron Nola, Drew Smyly, Jared Young, Dansby Swanson, Carlos Santana, Connor Joe, Henry Davis, Josh Palacios, Mitch Keller, Xander Bogaerts, Blake Snell, Blake Perkins, Christian Yelich, Bryse Wilson, Tommy Pham, Grant Hartwig, Perkins, Dane Dunning, Adolis Garcia, Dunning, Andy Ibanez, Kerry Carpenter, Marcus Semien, Corey Seager, Josh Jung, Ezequiel Duran, Leody Taveras, Joey Wentz, Jose Altuve, Jose Abreu, Houston, Louis, Altuve, Abreu, Nolan Arenado, Paul Goldschmidt, Jazz Chisholm, Garrett Cooper, Joey Wendle, Cooper, Braxton Garrett, Rafael Devers, Rob Refsnyder, Jarren Duran, Devers, Nick Pivetta, Josh Lowe's, Lowe, Scott McGough, Yandy Diaz, Wander Franco, Luke Raley, McGough, Randy Arozarena, Isaac Paredes, Ketel Marte Organizations: New York Yankees, Oakland Athletics, Oakland, Alameda County Coliseum, Oakland Coliseum, Yankees, Tampa Bay Rays, Brooklyn Dodgers, Minnesota Twins, Montreal Expos, JP Sears, Royals, Kansas City, Guardians, American League Central, Braves, Minnesota, Atlanta, Rockies, Dodgers, Colorado, Los Angeles, White Sox, Angels, Chicago, Brandon Drury . White Sox, Nationals, Mariners, Washington, Seattle, Blue Jays, Giants, San, Reds, Orioles, TJ, Cincinnati, Phillies, Cubs, Philadelphia, Padres, Pittsburgh, Pirates, Diego, Brewers, Mets, Milwaukee, New, Rangers, Tigers, Texas, The Rangers, Astros, Cardinals, Marlins, Red Sox, Boston, Rays, Diamondbacks, Tampa, Phoenix . The Rays, Thomson Locations: Oakland , California, USA, Domingo German, New York, Kansas, Cleveland, Minnesota, C.J, Los, Denver, Los Angeles, Anaheim , Calif, Toronto, San Francisco, Baltimore, Philadelphia, San Diego, Detroit, Arlington , Texas, Miami, Tampa Bay, Arizona, Phoenix .
Variable rate mortgages in Canada typically require borrowers to make regular payments in fixed amounts. WHAT IS THE EXTENT OF MORTGAGE AMORTIZATION EXTENSION? Both banks had no variable-rate mortgages with amortizations greater than 30 years prior to the start of rate hikes. If interest rates stay high over the next few years, as the central bank has warned, it raises questions about customers' ability to service bigger than anticipated debt at higher rates during renewals. The big banks said most customers are able to cope with higher interest rates as they had passed a rigorous stress test to handle higher interest rates.
Persons: Royce Mendes, Carolyn Rogers, OSFI, Nivedita Balu, Fergal Smith, Steve Scherer, Denny Thomas, Conor Humphries Organizations: TORONTO, Statistics Canada, Royal Bank of Canada, CIBC, Bank of Nova, National Bank, Bank of Canada, BoC, Thomson Locations: Canada, United States, Bank of Nova Scotia, amortization, Toronto, Ottawa
New York CNN —British ultra-luxury sports car maker Aston Martin has signed a deal with Lucid Group, the California-based electric luxury car startup. Saudi Arabia’s Public Investment Fund is the largest shareholder in Lucid and the second-largest in Aston Martin, after billionaire chairman Lawrence Stroll. And Lucid will take a 3.7% stake in Aston Martin as part of the newly announced arrangement. Lucid said it was selected by Aston Martin “through a competitive process” in its Monday announcement of the deal. Shares of Aston Martin rose about 11% by midday Monday on news of the deal.
Persons: Aston Martin, Lawrence, Lucid, Aston Martin “, Aston Martin’s Organizations: New, New York CNN, Lucid Group, Aston, Saudi Arabia’s Public Investment Fund, Volvo, Lotus, Mercedes, Benz, Volkswagen Group, BMW, Royce Locations: New York, British, California, Aston Martin
MLB roundup: Astros win finale with Dodgers in 11 innings
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +12 min
Astros rookie right-hander Hunter Brown gave up one run on three hits over six innings, Ryan Pressley (2-2) earned the win and Seth Martinez collected his first career save. Dodgers starter Tony Gonsolin gave up four runs on five hits over five innings. Starter Bailey Ober gave up three runs and five hits and struck out eight in six innings. Pete Alonso had three RBIs via a two-run single in the third and a homer in the seventh, while Francisco Lindor also went deep for the Mets. Padres starter Seth Lugo (3-4) gave up three runs on seven hits with four strikeouts and no walks in five-plus innings.
Persons: Jeremy Pena, Jose Abreu, Alex Bregman, Corey Julks, Bregman, Hunter Brown, Ryan Pressley, Seth Martinez, Freddie Freeman, Mookie Betts, Will Smith, Tony Gonsolin, Gonsolin, Yency Almonte, Willson Contreras, Louis, Paul Goldschmidt, Marcus Stroman, Lars Nootbaar's, Matthew Liberatore, Jake Woodford, Jordan Hicks, Royce Lewis, Lewis, Donovan Solano, Bailey Ober, Griffin Jax, Jhoan Duran, Zach McKinstry, Michael Lorenzen, Brendan White, Carlos Correa, Kyle Schwarber, Trea Turner, Jeff Hoffman, Pete Alonso, Francisco Lindor, Anthony Santander, Kyle Bradish, Felix Bautista, Cal Raleigh, Harrison Bader, Gerrit Cole's, Anthony Volpe, John King, Jose Trevino, Bader, Yerry Rodriguez, Ezequiel Duran, Volpe, Oswaldo Cabrera, Michael King, Adolis Garcia, Corey Seager, Jonah Heim, Leody Taveras, Cavan Biggio, Yusei Kikuchi, George Springer, Rickey Henderson, Kikuchi, Luis Medina, Tony Kemp, Matt Olson, Olson, Raisel Iglesias, Kevin Newman, Matt McLain, Chris Sabo, Owen Miller's, Miller, Trevor Stephan, Joey Wiemer, Elvis Peguero, Devin Williams, Cleveland, Luis Robert Jr, Robert, Kutter Crawford, Jesse Scholtens, Crawford, Adam Duvall's, Justin Turner, Eury Perez, Perez, Dontrelle Willis, Jonathan Davis, Luis Arraez, Ezequiel Tovar, Austin Gomber, Justin Lawrence, Shohei Ohtani, Eduardo Escobar, Taylor Ward, Ketel Marte, Patrick Bailey, Evan Longoria, Davis, Blake Sabol, Marte, Tyler Glasnow, Jose Siri, Taylor Clarke, Harold Ramirez's, Drew Waters, Glasnow, Pete Fairbanks, Colin Poche, Yandy Diaz, Siri, Maikel Garcia, Daniel Lynch, MacKenzie Gore, Jeimer Candelario, Joey Meneses, Tim Hill, Candelario, Meneses, Gore, Seth Lugo Organizations: Houston Astros, Los Angeles Dodgers, Astros, Houston, Dodgers, Los Angeles, Cardinals, Cubs, Chicago, Tigers, Minnesota, Detroit, Twins, Phillies, Mets, Philadelphia, Orioles, Mariners, Baltimore, Santander, Cal, Yankees, Rangers, Texas, Blue Jays, Athletics, Cavan, Toronto, Oakland, Braves, Reds, Cincinnati, Brewers, Milwaukee, Cleveland, White Sox, Red Sox, Boston, Marlins, Pirates, Miami, Pittsburgh, Rockies, Angels, Colorado, The Rockies, Diamondbacks, Giants, Arizona, J.D, Rays, Royals, Tampa Bay, Kansas City, Nationals, Padres, Washington, Thomson Locations: Los Angeles, London, Chicago, New York, Seattle, Atlanta, Cleveland, Los, Denver, San Francisco, St . Petersburg, Fla, Kansas, San Diego
MLB roundup: Cycle helps Reds run win streak to 12
  + stars: | 2023-06-24 | by ( ) www.reuters.com   time to read: +9 min
Jhoan Duran handled the ninth inning for his 10th save as Minnesota's pitchers recorded 16 strikeouts. Pirates 3, Marlins 1Carlos Santana stroked a two-out, tiebreaking single in the ninth inning as Pittsburgh snapped a 10-game losing streak by rallying to beat Miami. The Pirates were down 1-0 entering the ninth inning before getting the best of Marlins closer A.J. Patrick Corbin (4-9) gave up seven runs on seven hits in five innings. Logan Webb (7-6) allowed four runs (three earned) in seven innings, helping the Giants to their 11th win in 12 games.
Persons: Elly De La Cruz, David Kohl, De La, Joey Votto, Collin McHugh, Alex Young, Alexis Diaz, Matt Olson, Mookie Betts, Emmet Sheehan, Angeles, Michael Busch, James Outman, Sheehan, Mauricio Dubon, Kyle Tucker, J.P, Jose Siri, Zach Eflin, Siri, Salvador Perez swatted, Nick Pratto, Zack Greinke, Trea Turner, Brandon Marsh, Bryce Harper, Taijuan Walker, Brandon Nimmo, Kodai Senga, Adolis Garcia, Joe Barlow, Anthony Rizzo, Will Smith, Michael King, Isiah Kiner, Aaron Judge, Logan Gilbert, Tom Murphy, Teoscar Hernandez, Ty France, Eugenio Suarez, Hernandez, Gilbert, Anthony Santander, Kyle Gibson, Kenta Maeda, Max Kepler, Maeda, Tommy John, Jhoan Duran, Royce Lewis, Andy Ibanez, Joey Wentz, Carlos Santana, Luis Arraez, Jesus Luzardo, Joe Musgrove, Musgrove, Seong Kim, Xander Bogaerts, Juan Soto, Michael Chavis, Patrick Corbin, Michael Conforto, Patrick Bailey, Logan Webb, Camilo Doval, Corbin Carroll, Zach Davies, Shea Langeliers, JJ Bleday, Langeliers, Oakland's Lucas Erceg, Trevor May, Vladimir Guerrero Jr, Jordan Romano, George Springer, Willy Adames, Wade Miley, Miley, Jose Ramirez, Shane Bieber, Brayan Bello, Rafael Devers, Devers, Bello, Lucas Giolito, Chicago's, Tim Anderson's, Elias Diaz, Diaz, Elehuris Montero, Coco Montes, Jurickson Profar, Shohei Ohtani, Mike Trout, Pierce Johnson, Justin Lawrence, Sam Bachman, Chris Devenski Organizations: Cincinnati Reds, Atlanta Braves, Reds, Cincinnati, Braves, Dodgers, Astros, The Astros, Rays, Royals, Tampa Bay, Kansas City, Phillies, Mets, Philadelphia, New, Rangers, Yankees, Texas, Mariners, Orioles, Seattle, Tigers, Detroit, Pirates, Marlins, Pittsburgh, Miami, The Pirates, Padres, Nationals, San Diego, Washington, Giants, Diamondbacks, San Francisco, Arizona, Athletics, Blue Jays, Oakland, Toronto, Brewers, Cleveland, Guardians, Red Sox, White Sox, Boston, Chicago, Angels, Colorado, Los Angeles, Rockies, Thomson Locations: Cincinnati , Ohio, USA, De La Cruz, Cincinnati, Houston, France, St . Petersburg, Fla, New York, Seattle, Baltimore, Minnesota, San, Milwaukee, Los, Denver, Colorado
Small cap stocks are domestic bellwethers, since smaller companies generate most of their revenue from US customers. Investors say that recent gains in small caps are helping prop up the burgeoning bull market, even as a potential economic downturn draws near. Cheap buysNow, the rally in small caps suggests that Wall Street is optimistic about the economy’s health. Some investors say cheap valuations and and hopes for a muted economic downturn means small caps look more attractive than they have in months. Optimism about the economyThe small caps’ rally is also an auspicious sign for the broader economy, says Quincy Krosby, chief global strategist at LPL Financial.
Persons: they’ve, Rambus, , John Ragard, Quincy Krosby, Russell, Francis Gannon, Anna Rathbun Organizations: New, New York CNN, Investors, Valley Bank, Signature Bank, First Republic Bank, Apellis Pharmaceuticals, Shockwave, Management, LPL, Penn Capital Management, Royce Investment Partners, Federal Reserve, CBIZ Investment Advisory Services Locations: New York, That’s
Last December, it decided to make its own engine after engine manufacturers refused to help. Now its Symphony engine will be made with the help of FTT, GE Additive, and StandardAero. Sustainable aviation fuel is made from sources like cooking oil and waste, and can reduce carbon emissions by up to 80% compared to traditional jet fuel. The company is aiming to be net zero by 2025, and Scholl said using sustainable aviation fuel is key to this. Boom's Symphony engine.
Persons: , Blake Scholl, Scholl, Pete Syme, Boom, Royce Organizations: Supersonic, GE, Morning, Paris Air, SAF, FAA, United Airlines, American Airlines Locations: New York, London, Florida
But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Air India said it was worth $70 billion at list prices, though airlines typically get discounts on big orders worth at least half the headline price, analysts say. The Airbus part comprises 210 A320neo and A321neo narrowbody jets and 40 A350 widebodies. "Our ambitious fleet renewal and expansion programme will see Air India operate the most advanced and fuel-efficient aircraft across our route network within five years," Air India Chief Executive Campbell Wilson said in a statement. The mega-order will also put Air India on a stronger footing to compete with budget rival IndiGo, which has a majority share of the Indian market and a strong position in regional flights.
Persons: Royce, Campbell Wilson, LUDOVIC MARIN, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: India, Airbus, Boeing, Ethiopian Airlines, Paris, Air India, Air, Reuters Graphics Air, Visitors, International Paris Air, Le, Royce, Aero Engines, Tata, Emirates, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India, France
That deal, sketched out in February, was at the time the largest ever announced by number of planes. But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Reuters GraphicsAir India's provisional deal included 250 planes from Airbus and 220 from Boeing. The Airbus part comprised 210 A320neo narrowbodies and 40 A350 widebodies, while the Boeing deal was for 190 737 MAX, 20 787 Dreamliners and 10 mini-jumbo 777X. Together with another 25 Airbus jets to be leased, the overall acquisition reaches 495 jets, an Airbus executive said at the time.
Persons: Royce, narrowbodies, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: Air India, Ethiopian Airlines, Paris, Airbus, Boeing, Reuters Graphics Air, Royce, Aero Engines, Tata, Emirates, Air, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India
SAO PAULO, June 19 (Reuters) - Electric aircraft maker Eve (EVEX.N) and Blade Air Mobility (BLDE.O) are expanding their partnership to integrate Eve's upcoming flying car into Blade's European route network, starting with France, the companies said on Monday. Eve is controlled by Brazilian planemaker Embraer (EMBR3.SA) and expects to start commercial operations of its vehicle in 2026. They did not say if the deal would involve new eVTOL purchases by Blade, whose current European operations include flying conventional helicopters between Nice and Monaco. "Extending our partnership with Eve underscores Blade's commitment to leading the transition from conventional to electric vertical aircraft," Blade Chief Executive Officer Rob Wiesenthal said. Eve CEO Andre Stein said he expected the extended partnership with Blade to allow the companies to combine expertise and resources to make travel more accessible and drive environmental improvements.
Persons: Blade, Eve, Rob Wiesenthal, Andre Stein, Azur, Gabriel Araujo, Steven Grattan, Jamie Freed Organizations: SAO PAULO, Electric, Blade Air Mobility, Brazilian, Embraer, EMBR3, Monaco, United Airlines, Royce, Heli, Thomson Locations: France, Paris, India, United States, Nice, U.S
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
TORONTO, June 13 (Reuters) - Canada's financial regulator is urging lenders to tackle risks from mortgage extensions at the "earliest opportunity" as many borrowers try to navigate higher mortgage costs after the Bank of Canada's surprise rate hike last week. Canada's central bank has raised interest rates to a 22-year high of 4.75% and analysts are betting on another 25 points increase next month. The regulator had warned in April that though the short-term fix to extend mortgage payment periods helped borrowers, it would keep them in debt for longer. As the interest rate rises, the mortgage payment no longer covers the interest payment portion, which results in the mortgage balance and negative amortization. "We believe risks are still elevated with the prospect of more rate hikes adding to the headwind on mortgage renewals," Rizvanovic said.
Persons: OSFI, Royce Mendes, Mendes, Mike Rizvanovic, Rizvanovic, Nivedita Balu, Denny Thomas, Nick Zieminski Organizations: TORONTO, Bank of, Reuters, Desjardins, Bank of Canada, Bank, Thomson Locations: Toronto
MLB roundup: Andrew McCutchen gets 2,000th, Pirates win
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +13 min
Pittsburgh starter Mitch Keller (8-2) pitched seven innings, allowing one run and a season-low two hits, with seven strikeouts and two walks. Washington starter Trevor Williams (3-4) worked five innings and allowed two runs on seven hits, one walk and six strikeouts. Toronto right-hander Kevin Gausman allowed six runs, seven hits and four walks in 4 2/3 innings before the bullpen locked down the victory. Ian Gibaut (6-1) recorded five outs to earn the victory and Alexis Diaz pitched the ninth inning to earn his 15th save. The Giants erupted for 15 hits, seven for extra bases, and their fourth-most runs of the year to salvage one win in the three-game set.
Persons: Andrew McCutchen, Charles, Read, Marcano, Jack Suwinski, Mitch Keller, David Bednar, Jeff McNeil, Carlos Carrasco, Jorge Soler, Bryan De La Cruz, Luis Robert Jr, Soler, Garrett Cooper, Bryan Hoeing, Puk, Kendall Graveman, Seth Brown, Brent Rooker, Esteury Ruiz, JP Sears, Trevor May, Sam Long, Abraham Toro, Blake Perkins, Nolan Jones, Coco Montes, Ezequiel Tovar, Ryan McMahon, Jake Cronenworth, Fernando Tatis Jr, Blake Snell, McMahon, Tom Cosgrove, Brent, Jones, Enrique Hernandez, Kenley Jansen, Hernandez, Ron Marinaccio, Adam Duvall, Justin Turner, Triston Casas, Chris Martin, DJ LeMahieu, Anthony Volpe, Zach Neto, Shohei Ohtani, Matt Thaiss, Taylor Ward, Logan Gilbert, Griffin Canning, Teoscar Hernandez, Mike Ford, Gilbert, Corbin Carroll, Christian Walker, Kevin Ginkel, Scott McGough, Zach McKinstry, Arizona's Emmanuel Rivera, Jason Foley, Ketel Marte, Carroll, Rivera, Lourdes Gurriel Jr, flied, Walker, Marte, Kerry Carpenter, Geraldo Perdomo, Shane Bieber, Andres Gimenez, Josh Bell, Bieber, Bell, Brandon Bielak, Gimenez, Candelario, Dominic Smith, Washington, Matt Olson's, Atlanta's Bryce Elder, Elder, Trevor Williams, Nick Castellanos, Bryson Stott, Trea Turner, Bryce Harper, Taijuan Walker, Freddie Freeman, Jason Heyward, Caleb Ferguson, Gunnar Henderson, Ramon Urias, Ryan O'Hearn, Kyle Gibson, Salvador Perez, Mike Mayers, Carlos Hernandez, Franco, Shane McClanahan, Harold Ramirez, Robbie Grossman, Marcus Semien, Corey Seager, McClanahan, Matt Chapman, Kevin Gausman, Louie Varland, Donovan Solano, Alex Kirilloff, Trevor Larnach, Royce Lewis, Elly De La Cruz, Louis, De La Cruz, Ian Gibaut, Alexis Diaz, Adam Wainwright, Jordan Hicks, Nolan Arenado, Joc Pederson, Thairo Estrada, Brandon Crawford, shellacking, Pederson, Estrada, Blake Sabol, Michael Conforto, Nico Hoerner, Crawford Organizations: Pittsburgh Pirates, New York Mets, PNC, Pirates, National League Central, Pittsburgh, Mets, Marlins, White Sox, Miami, Chicago, The White Sox, Athletics, Brewers, Oakland, Milwaukee, Rockies, Padres, Colorado, San Diego, San, The Rockies, Brent Honeywell, Red Sox, Yankees, Boston, Triston, Mariners, Angeles, Seattle, Angels, Diamondbacks, Tigers, Detroit, Astros, Cleveland, Houston, Guardians, Nationals, Braves, Washington, Atlanta, House, Phillies, Dodgers, Philadelphia, Los, Orioles, Royals, Baltimore, Kansas City, Rays, Rangers, Tampa Bay, Texas, Blue Jays, Twins, Cavan Biggio, Toronto, Minnesota, Reds, Cardinals, Cincinnati, St, Giants, Cubs, The Giants, Thomson Locations: Pittsburgh , Pennsylvania, USA, Milwaukee, San, Denver, Colorado, San Diego, New York, Bronx, Boston, Anaheim , Calif, Arizona, Walker, Washington, Los Angeles, St . Petersburg, Fla, Texas, Toronto, San Francisco, Chicago, California
MLB roundup: Pirates win slugfest, extend Mets' skid
  + stars: | 2023-06-10 | by ( ) www.reuters.com   time to read: +11 min
Pittsburgh starter Rich Hill (6-5) allowed two runs and seven hits in seven innings. New York starter Tylor Megill (5-4) gave up nine runs, seven earned, and eight hits in 3 2/3 innings. Arizona starter Merrill Kelly (8-3) gave up three runs and seven hits in 6 1/3 innings. Detroit starter Michael Lorenzen (2-3) was charged with six runs and seven hits in 6 2/3 innings. Cole (7-1) allowed two runs on seven hits in six innings for his first loss since his final regular-season start of last season.
Persons: Will Brennan, David Richard, Carlos Santana, Jack Suwinski, Austin Hedges, Josh Palacios, Rich Hill, Francisco Lindor, Luis Guillorme, Mark Vientos, Francisco Alvarez, Tylor, Tyler Freeman, Kyle Tucker's, Xzavion Curry, Freeman, Seth Martinez, Josh Naylor, Jose Abreu, Jeremy Pena, Isaac Paredes, Tyler Glasnow, Paredes, Michael A, Taylor, Royce Lewis, Sonny Gray, Yusei Kikuchi, Kyle Schwarber, Schwarber, Caleb Ferguson, Trea Turner, Mookie Betts, Freddie Freeman, Orlando Arcia, Arcia, CJ Abrams, Eddie Rosario, Josiah Gray, Jordan Montgomery, Louis, Giovanny Gallegos, Nolan Arenado, Jordan Walker, Nolan Gorman, Ben Lively, Stuart Fairchild, Luis Robert Jr, Liam Hendriks, Yasmani Grandal, Joey Wendle, Corbin Carroll, Carroll's, Emmanuel Rivera, Geraldo Perdomo, Merrill Kelly, Jake Rogers, Zack Short, Javier Baez, Michael Lorenzen, Rafael Devers, Gerrit Cole, Kenley Jansen, Casas, Enrique Hernandez, Josh Donaldson, Cole, Austin Hays, Tyler Wells, Gunnar Henderson, Wells, Felix Bautista, Daniel Lynch, Hays, Ramon Laureano, Luis Medina, Trevor May, Adrian Houser, Owen Miller, Fernando Tatis Jr, Manny Machado, Brandon Dixon, Trent Grisham, Gary Sanchez, Jake Cronenworth, Juan Soto, Xander Bogaerts, Yu Darvish, Josh Hader, Mike Moustakas, Randal Grichuk, Ryan McMahon, Shohei Ohtani, Mickey Moniak, Moniak, Luis Castillo, Nico Hoerner, Marcus Stroman, Stroman, Seiya Suzuki, Tucker Barnhart, Joc Pederson, Thairo Estrada, Anthony DeSclafani Organizations: Cleveland Guardians, Houston Astros, Progressive, Pirates, Pittsburgh, Mets, Astros, Cleveland, Houston, Rangers, Tampa Bay, Rays, Blue Jays, Minnesota, Toronto, Twins, Phillies, Dodgers, Philadelphia, Detroit, Los, Braves, Nationals, Orlando, Atlanta, New York Mets, . Washington, Cardinals, Reds, Cincinnati, Cincinnati . White Sox, Marlins, Chicago, Miami, White Sox, Diamondbacks, Tigers, Red Sox, Yankees, Boston, Yankee Stadium, Orioles, Royals, Baltimore, Kansas City, Athletics, Brewers, Oakland, Milwaukee, Padres, Rockies, San Diego, Colorado, San, The Rockies, Mariners, Seattle, Angels, Cubs, Giants, Thomson Locations: Cleveland , Ohio, USA, York, Tampa, Texas, St . Petersburg, Fla, Minnesota, Los Angeles, Washington, ., Montgomery, Arizona, Detroit, New York, San, Denver, San Diego, Colorado, Anaheim , Calif, San Francisco
The economy shed a net 17,300 jobs in May, entirely in full-time work, while the jobless rate inched up to 5.2%, Statistics Canada said. Analysts surveyed by Reuters had forecast a net gain of 23,200 jobs and for the unemployment rate to edge up to 5.1% in May after staying at 5.0% since December. A series of surprisingly strong economic data and stubbornly high inflation led the Bank of Canada to raise its overnight rate to a 22-year high of 4.75% on Wednesday. "While this is an ugly set of jobs data, the labour force survey is notoriously volatile," said Royce Mendes, head of macro strategy at Desjardins Group. Reports on jobs, inflation and gross domestic product are due out ahead of the next policy announcement on July 12.
Persons: Andrew Grantham, Paul Beaudry, Beaudry, Royce Mendes, Ismail Shakil, Steve Scherer, Fergal Smith, Dale Smith, Susan Fenton, Nick Macfie, Jonathan Oatis Organizations: OTTAWA, Statistics, Reuters, Bank of Canada, Bank of, CIBC Capital Markets, Desjardins Group, Canadian, Thomson Locations: Canada, Statistics Canada, Bank of Canada, Ottawa, Toronto
Melanie Perkins, co-founder & chief executive of Australian graphic design firm Canva, says the business is in a "uniquely strong position" as it expands to Europe. LONDON — Australian graphic design company Canva believes it is in a "uniquely strong position" to withstand industry headwinds as it embarks on a European expansion. The Sydney-based software company opened its new Europe headquarters in London last month as it competes with tech heavyweights Adobe and Microsoft to attract individual and enterprise users to its design suite. Canva, which offers both free and paid tools for designing websites, presentations and social content, had annualized revenues of $1.5 billion in the year to May. Of its 135 million global users, 16% are in Europe.
Persons: Melanie Perkins, Canva, Perkins, We've Organizations: LONDON, Adobe, Microsoft, CNBC, WPP, Unilever, Rolls Royce Locations: Europe, Sydney, London
Can HBO’s ‘The Idol’ Bring Back ’80s Sleaze?
  + stars: | 2023-06-06 | by ( Steven Kurutz | ) www.nytimes.com   time to read: +2 min
The first episode begins with the pop star Jocelyn, played by Lily-Rose Depp, baring her breasts during a photo shoot as a team of handlers, crew members and an ineffectual intimacy coordinator look on. There will be no flannel PJs for Joss; a pair of wake-up scenes make it clear to viewers that she sleeps in a thong. It isn’t only the show’s gratuitous nudity that harks back to Mr. Lyne and company, but the overall look and mood, which recall a louche glamour from the time of boxy Armani suits and cocaine nights. A main setting is a $70 million mansion in Bel Air that looks like something out of Mr. De Palma’s “Scarface” but is in fact Mr. Tesfaye’s real-life home. A number of young viewers have said they find sex scenes embarrassing, but Mr. Levinson, who created the HBO drama “Euphoria,” and his fellow producers have made no secret of their desire to pay homage to the heyday of Cinemax (when it had the nickname Skinemax).
Persons: Jocelyn, Lily, Rose Depp, baring, Mr, Tesfaye, Joss, Lyne, De Palma’s, , Tesfaye’s, Levinson, Elizabeth Berkley, Longworth Organizations: Royce, HBO, Cinemax, Risky, , American Cinematheque Locations: Bel Air, Los Angeles
Total: 25