Author: Reuters Econ

Harley-Davidson said on Tuesday it is bringing ​production of the ‌Revolution Max engine platform for North America back to ​the U.S.

U.S. passenger airlines’ fuel ​costs jumped 78% ‌in April to nearly $6.5 billion over the ​same month ​last year as the ⁠conflict in the Middle ​East has sharply ​driven up fuel costs, the U.S. Transportation Department ​said Monday.

Italy’s ITA Airways will decide ​within the next eight weeks whether ‌to sue aerospace supplier RTX’s Pratt & Whitney due to engine problems that have ​grounded almost 20% of its ​fleet of 80 aircraft, the carrier’s ⁠CEO told Reuters on Sunday.

Global airline chiefs open their annual summit in Rio de Janeiro ​on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel ‌costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity.

The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-term interest rates higher on Friday morning in the face of inflation stemming from the war with Iran.

Paramount Skydance and the Ultimate Fighting Championship on Thursday announced a six-year deal, under which UFC’s numbered event main ​cards in Canada will be streamed exclusively on Paramount+ starting ‌next year.

Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in ​the second half of this year in ‌Europe, the Middle East and Africa, with plans to expand to other regions, the Stellantis -owned brand said on ​Wednesday.

Mastercard named Ling Hai as chief ​financial officer on Tuesday, succeeding ‌Sachin Mehra, who will move into the newly created role ​of chief business officer ​as the payments giant reshuffles ⁠its senior leadership team.

U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of ​the war with Iran.

Central bank independence is again coming ​under pressure as policymakers push through unpopular measures to curb surging prices, prompting political interference ‌that could erode trust and deepen the crisis, current and former officials said.