Author: The Gazette
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US shutdown not creating significant flight disruptions, IATA’s chief says
By Sergio Goncalves LISBON (Reuters) -The U.S. government shutdown hasn’t significantly disrupted domestic commercial flights nor has it stopped the recruitment of new air traffic controllers, Willie Walsh, director general of airline lobby group IATA said on Wednesday. “There were no significant impacts to date. I would say there wasn’t any major damage,” Walsh said…
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Gold set to extend record-breaking run on global anxieties
By Polina Devitt LONDON (Reuters) -Anxieties over global geopolitical and economic risks are the biggest drivers pushing gold’s 54% surge this year to a record over $4,000 an ounce, with analysts seeing little to halt the rally. The precious metal has climbed twofold over the last two years as investors have sought safety amid risks…
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National Guard poised to enter Chicago as Trump calls for jailing Democratic leaders
By Emily Schmall, Susan Heavey and Daniel Trotta CHICAGO/WASHINGTON (Reuters) -Some 500 National Guard troops were deployed near Chicago on Wednesday on President Donald Trump’s orders despite the objections of the Chicago mayor and Illinois governor, who decried the militarization of their city as an unnecessary provocation. Trump in turn called for the jailing of…
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EU says Spain’s airline fines over cabin bag fees breach regulations
BRUSSELS (Reuters) -The European Commission on Wednesday said fines imposed by Spain on Ireland’s Ryanair and other budget airlines for charging extra fees on cabin bags breached regulations. The Spanish Consumer Rights Ministry last year fined Ryanair, easyJet, Norwegian, IAG’s low-cost unit Vueling, and Volotea a combined 179 million euros ($208 million) for practices such…
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Gold zooms past $4,000 for first time in historic flight to safety
By Anmol Choubey (Reuters) -Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the safe-haven asset to hedge against global economic uncertainty, while also betting on U.S. interest rate cuts. Spot gold was up 1.3% at $4,036.22 per ounce by 1154 GMT. U.S. gold…
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Coca-Cola to introduce mini 7.5-ounce cans in US convenience stores
By Jessica DiNapoli NEW YORK (Reuters) -Coca-Cola is introducing mini 7.5-ounce single-serve cans of some of its sodas in U.S. convenience stores early next year, hoping cash-strapped and calorie-conscious consumers will be attracted to the smaller, cheaper drinks. Later this year, Atlanta-based Coke will also introduce glass bottles of Coca-Cola soda sweetened with cane sugar…
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Portland police hamstrung by 2020-era reforms
The Portland Police Bureau is fending off attacks on several fronts from antifa’s forces laying siege on government property on a nearly nightly basis, to the public claiming that the police department is increasingly politicized, and not handling emergencies efficiently. But the bureau’s problems, critics say, date back to soft-on-crime initiatives brought by anti-police activism…
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Comey makes history as first former FBI director to face arraignment
Former FBI Director James Comey will appear in federal court in Alexandria, Virginia, on Wednesday to face charges of making a false statement to Congress and obstructing a congressional proceeding, a case that brings one of Washington’s most polarizing law enforcement figures back to the same district he once served, albeit under drastically different circumstances.…
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EU’s plan to phase out Russian energy clears first political hurdle
By Kate Abnett BRUSSELS (Reuters) -European Union countries’ ambassadors on Wednesday agreed to move ahead with the bloc’s plan to end Russian oil and gas imports by 2028, EU diplomats said, clearing the law’s first political hurdle before governments vote on it later this month. The EU is negotiating legal proposals to phase out Russian…
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Gold shatters $4,000 milestone as investors rush to safety
By Anmol Choubey and Anushree Mukherjee (Reuters) -Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts sent investors flocking to the safe-haven asset. Spot gold was up 1.5% at $4,041.71…