British Prime Minister Keir Starmer marks 100 days in office Saturday with little cause for celebration. Starmer’s center-left Labour Party was elected by a landslide on July 4, sweeping back to power after 14 years. But after weeks of stories about feuding, freebies and fiscal gloom, polls suggest Starmer’s personal approval rating has plummeted, and…
Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also push…
DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. The airline said it expects unit revenue to rise as much as 3% in the…
Republican presidential nominee, former U.S. President Donald Trump speaks at a campaign rally at the Johnny Mercer Theatre in Savannah, Georgia on September 24, 2024. Brandon Bell | Getty Images News | Getty Images Donald Trump, who has been doubling down on his tariff-heavy trade policy, appears to have shifted the focus of his protectionist…
LONDON — The British pound has jumped to its highest level in two-and-a-half years following a hawkish rate hold from the Bank of England, but strategists warn the upcoming U.K. budget could pose a risk to investor and consumer sentiment. Many investors are awaiting the new Labour government’s fiscal plan at the end of October…
Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024. Matt Mills Mcknight | Reuters RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. A…
Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused the deadly Baltimore bridge collapse, the FBI confirmed. In statements, spokespeople for the FBI and the U.S. Attorney’s Office in Maryland confirmed that authorities boarded the Maersk Saltoro. The ship is managed by Synergy Marine Group. “The…
