World food prices slip in May, still near three-year high: FAO
PARIS, June 5 (Reuters): World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar jumped, the United Nations Food and Agriculture Organization said on Friday.The FAO Food Price Index, which measures changes in a...
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Oil steadies after Oman says Mina al Fahal operations proceeding normally
LONDON, June 5 (Reuters): Oil prices stabilised on Friday after Oman said operations at its Mina al Fahal port were proceeding normally, following a Reuters report of disruption after an explosion.Petroleum Development Oman said operations at Mina al Fahal port were unaffected, after three sources told Reuters that oil loading...
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Spirit Airlines shutdown forces thousands of US employees to reset careers
NEW YORK, June 5 (Reuters): In April, Travis Arcamone was named flight attendant of the year at Spirit Airlines' Orlando, Florida, base. A month later, he was out of a job, after the company failed to find a way out of a second bankruptcy and collapsed in early May.Spirit's demise...
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Gold heads for weekly loss on fading Middle East peace hopes
Gold edged lower on Friday, and was headed for a weekly loss, as fading hopes of a swift resolution to the Middle East conflict fuelled fears of higher inflation and interest rates, reports Reuters. Spot gold was down 0.1 per cent at $4,469.59 per ounce at 1159 GMT, having fallen...
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EU sees ‘no jet fuel shortage amid price surge’
BRUSSELS, June 5 (Reuters): There are no signs of jet fuel shortages in Europe in the coming months despite the energy shock from the Iran War, though high prices are prompting airlines to cut uneconomic routes, the European Union's transport chief told Reuters.The Strait of Hormuz, a key shipping lane...
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