Home » Business

Business

Factbox: International airlines’ response to FAA on Iran airspace

(Reuters) – The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions. FILE PHOTO: A British Airways aircraft takes off from Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay/File Photo Some international airlines ...

Read More »

Airlines avoid parts of Iran-controlled airspace after U.S. regulator’s order

(Reuters) – Some global airlines are re-routing flights to avoid Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman, they said on Friday, after the U.S. aviation regulator barred its carriers from the area until further notice. Thursday’s emergency order from the U.S. Federal Aviation Administration (FAA) came after Iran shot down a high-altitude U.S. drone with a ...

Read More »

Exclusive: Chevron Phillips Chemical in bid to acquire Nova Chemicals – sources

(Reuters) – ​Chevron Phillips Chemical Company, a joint venture between Chevron Corp and Phillips 66, has offered to acquire Nova Chemicals Corp for more than $15 billion including debt, people familiar with the matter said on Thursday. FILE PHOTO: An aerial view of Chevron Phillips Chemical Co is seen in Pasadena, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif/File Photo Chevron ...

Read More »

Brent oil up 6% in one week on fears of U.S. attack on Iran

LONDON (Reuters) – Brent oil rallied above $65 per barrel and was set to notch up a 6% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output. FILE PHOTO: Pumpjacks are seen against the setting sun at the ...

Read More »

European central bankers claim oversight over Facebook’s cryptocurrency

FRANKFURT (Reuters) – Three European central bankers are claiming oversight over Facebook’s planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money. Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration Facebook drew worldwide interest this ...

Read More »