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Airline chiefs grapple with fuel shock, fare test at Rio summit
Airline chiefs grapple with fuel shock, fare test at Rio summit RIO DE JANEIRO: Global airline chiefs open their annual summit in Rio de Janeiro on Saturday (Jun 6) 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 Jun 6 to Jun 8 annual meeting of the International Air Transport Association (IATA) comes as that fuel shock collides with...
Remy Cointreau posts 35% profit drop, shares jump on recovery hopes
French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning. Remy Cointreau SA reported a sharp fall in annual profit, although the result exceeded analysts' expectations, with improving performance in the Americas helping offset the impact of tariffs in key markets, including the US and China.
Fuel-saving push, rising costs: Is public transport affordable enough?
As fuel prices remain vulnerable to global events and governments continue urging citizens to use public transport, a practical question arises: how affordable is public transport in India today? While buses, metros and local trains are generally far cheaper than private vehicles, commuters often face additional costs such as last-mile connectivity, multiple transfers and longer travel times. An examination of fares across major Indian cities shows that while public transport remains the...
How high-end credit card perks are hurting shoppers who pay in cash
This article is part of “Unaffordable America,” a series examining rising economic inequality in the U.S. and the policies that drive it. RUCKERSVILLE, Va. — At the Tiger Fuel gas station and convenience store near the foothills of the Blue Ridge Mountains, the managers expect to pay more in fees to credit card companies this year than they will on rent — one more expense weighing on the company and its customers amid the surging price of gas. Those credit card fees — which can be as high as...
Satellite phone dreams orbit reality as direct-to-cell usage set to underwhelm
Mobile telcos are linking up with satellite operators to extend coverage beyond their cell towers reach, but actual usage of the technology may fall short of industry expectations. That's the view of Juniper Research, which forecasts monthly active direct-to-cell (D2C) users will grow from 17.4 million in 2026 to 133 million by 2031. Strong growth, but Juniper warns real-world adoption will likely disappoint: D2C is inherently niche, kicking in only when terrestrial signal fails, and it does...
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict Despite warnings of a looming jet fuel supply crunch amid the Iran war, major airlines are now saying that they have enough fuel for the next few months. The conflict in Iran has sent jet fuel prices soaring, as the prolonged closure of the Strait of Hormuz choked exports from Gulf refineries that supply a significant share of the world’s jet fuel. The war, which began with United States-Israeli strikes on Iran on...
6 Best Prepaid Phone Plans (2026): Tello, Boost, Google Fi, More
The Best Prepaid Phone Plans Featured in this article Prepaid cellular service is a type of service plan where you pay the cellular company in advance for access to its network. Unlike “postpaid” subscription plans, which often include a contract for service over a set period of months or years, prepaid plans don’t tie you down. You pay in advance every month, and you’re free to leave at any time.
Why China is buying less Iranian oil - explained in charts
The Strait of Hormuz, just 29 nautical miles (54 km) wide at narrowest point may be one of the world's most critical oil chokepoints. But as disruptions rattles the waterway, an unexpected trend is emerging, as China which is Iran's biggest oil customer is buying significantly less crude. While Beijing continues to rely on Tehran for discounted oil, weaker domestic demand, refinery cutbacks, record stockpiles and the rapid rise of electric vehicles have reduced its need for fresh imports.
Musk's Starlink leads Bezos' Amazon as airlines rush to boost in-flight Wi-Fi
Musk's Starlink leads Bezos' Amazon as airlines rush to boost in-flight Wi-Fi RIO DE JANEIRO, June 9 : Global airlines' push to attract premium customers is making fast in-flight Wi-Fi an increasingly important perk, turning a once-patchy paid service into an emerging battleground between Elon Musk's Starlink and Jeff Bezos' Amazon Leo satellite network. Starlink, which operates around two-thirds of all satellites in space and is the major driver of revenue for SpaceX, has signed up 11 new...