US GDP trails forecast even as consumer spending surges
U.S. growth missed forecasts in the second quarter as the effects of supply-chain constraints reverberated through the economy and took the shine off one of…
Airbus says Boeing rivalry is back on as sales campaigns pick up
Airbus SE said its decades-old competition with Boeing Co. is back on in earnest as the removal of coronavirus curbs revives international travel and unleashes…
American Air to buy JetSmart stake, expand South America flying
American Airlines Group Inc. agreed to buy a stake in JetSmart Airlines SpA, a privately held, low-cost carrier based in Chile, and establish a partnership…
With EU membership distant, Balkan aspirants seal own trade deal
With little progress on their bids to join the European Union, Serbia, North Macedonia and Albania struck a deal among themselves to boost trade.
Pakistan forced to buy priciest LNG shipments to avoid blackouts
Cash-strapped Pakistan’s bet that liquefied natural gas prices would go down has failed, forcing the South Asian nation to pay more than ever for the…
Inmarsat challenges Musk and OneWeb with new satellite network
Inmarsat Group Holdings Ltd., the U.K.’s biggest satellite company, plans to launch a constellation of low-earth orbit spacecraft and set up 5G wireless networks, joining…
‘Death Kitty’ ransomware linked to attack on South African ports
South Africa’s port and rail company appears to have been targeted with a strain of ransomware that cybersecurity experts have linked to a series of…
Freight-broker CEO sees supply snarls at least through February
A worsening traffic jam clogging global cargo arteries won’t ease up until after the 2022 Chinese New Year in February, said the head of one…
The chip-crunch recovery will be rocky, as Apple can attest
The great computer-chip shortage of 2021, a cloud hanging over companies ranging from Tesla Inc. to McDonald’s Corp., is showing signs of easing. But not…
XPO Logistics appoints Tulsyan as Chief Financial Officer
XPO Logistics, Inc. today announced the appointment of Ravi Tulsyan as chief financial officer. Tulsyan joined the company as treasurer in 2016, and has served…
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