Qantas expects airfares to rise if oil price remains high

SYDNEY (Reuters) -Qantas Airways Ltd expects airfares will need to rise to cover the cost of higher fuel prices as its oil hedging contracts expire, its chief executive said on Tuesday.

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08-03-2022

Japan's ANA lines up low-cost carrier in bet on post-COVID tourism boom

TOKYO (Reuters) -Japanese airline ANA Holdings Inc plans to launch a new international low-cost carrier in late 2023 or early 2024, joining its rival Japan Airlines Co in a bet on a revival in tourism as the impact of the COVID pandemic fades.

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08-03-2022

Shell stops buying Russian crude as Moscow's isolation deepens

Shell stopped buying oil from Russia and said it would cut links to the country entirely on Tuesday, as Moscow’s economic isolation looked set to dramatically escalate with the United States expected to impose a ban on its oil imports.

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08-03-2022

Volkswagen reaches 4G patent deal that could resolve Acer dispute, sources say

Volkswagen Group has reached a patent agreement over 4G technology which could resolve its dispute with Taiwanese computer maker Acer, sources close to the German automaker said on Tuesday.

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08-03-2022

Britain's Domino's Pizza hedges against rising wheat prices

(Reuters) -The British franchisee of pizza chain Domino's is expecting more cost inflation this year and has hedged itself against wheat prices which have soared in response to the conflict in Ukraine, it said on Tuesday.

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08-03-2022

Renault takes wraps off new Austral SUV with 'Alpine' finish

French carmaker Renault unwrapped its new Austral SUV on Tuesday, marking its latest effort to compete in the compact car segment while moving upmarket with a top-of-the-range "Alpine" marque finish.

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08-03-2022

LME cancels nickel trades after prices double to over $100,000

The London Metal Exchange (LME) was forced to halt trading in nickel and said it would cancel trades as prices doubled to more than $100,000 per tonne on Tuesday, a surge sources blamed on short covering by one of the world's top producers.

newspaper

08-03-2022

LME suspends nickel trading, cancels trades, after prices double to over $100,000

The London Metal Exchange (LME) in an unprecedented move halted nickel trading and cancelled all trades on Tuesday as a race to cover short positions saw prices double in just hours to record highs above $100,000 per tonne.

newspaper

08-03-2022

Major oil companies aim for zero methane emission by 2030

A group of the world's top oil companies, including Saudi Aramco , Shell and Exxon Mobil , said on Tuesday that it has committed to cut fugitive emissions of methane, a potent greenhouse gas, to near zero by 2030.

newspaper

08-03-2022