Airlines cut 13,000 flights in May as jet fuel prices soar
Airlines have removed nearly two million seats from flights over the month, data from Cirium shows. Source link
Business
Continental Shares Climb After Sales Beat Expectations, Tire Maker Confirms Guidance
The company said weak global markets hampered sales growth, and there would be a delayed effect from recent changes in
Next to raise prices by up to 8% outside Europe due to Iran war costs
No extra price rises are slated for the UK, which saw better than expected sales in the first quarter. Source
Samsung’s Market Value Hits $1 Trillion
The South Korean company is only the second Asian company with a market valuation above $1 trillion, aside from TSMC.
Cost of living: Baby bank sees 27% rise in need across London
The Brent branch of Little Village says there is “a lot of need” in the local area. Source link
Oil prices ease as US seeks reopening of the Hormuz Strait
President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation. Source link
Storied Toolmaker Closes Its Last Hometown Plant—and Blames Its Tape Measures
Stanley Black & Decker says fewer buyers want the Connecticut plant’s single-sided tape measures, preferring double-sided ones made abroad. Source
Trump Administration Sues New York Times Over Claim It Discriminated Against White Man
The EEOC suit alleges the newspaper failed to promote the staffer because of DEI-related sex and race discrimination. Source link
Gulf States Fear an Emboldened Iran Is Taking Advantage of a Hesitant U.S.
Governments friendly with America are worried about Tehran’s strikes on the United Arab Emirates. Source link
Barry Diller Says He Would Buy CNN ‘Tonight’
The media executive also said he looked at a deal for Vox. Source link