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Airlines warn over weakening of global trade rules
By Tim Hepher NEW DELHI, June 2 (Reuters) - The head of a global airlines industry body warned on Monday of damage to the economy and the air travel sector from growing trade barriers."Like all forms of connectivity, flying makes the world more prosperous," International Air Transport Ass...Reuters
Mon, Jun 2
Global airlines trim 2025 profit forecast over trade tensions and supply woes
IATA airlines body cuts 2025 global industry profit forecast by 1.6% to $36 billionIndustry revenue estimate down 2.1% from prior expectation to $979 billionProfit forecast would equate to $7.20 per passenger per segmentBy Shivansh Tiwary and Tim Hepher NEW DELHI, June 2 (Reuters) - Global airlin...Reuters
Mon, Jun 2
US asks Australia to increase defense spending to 3.5% of GDP
By Kirsty Needham WASHINGTON/SYDNEY, June 2 (Reuters) - Australia's prime minister said on Monday his government would decide its defence capability needs before announcing defence spending, after U.S. Defence Secretary Pete Hegseth asked Australia to lift its defence budget to 3.5% of gross ...Reuters
Mon, Jun 2
Japan Q1 capital spending hits record but some export sectors weak
Capex jumped 6.4%, previous record was set in 2007Food and real estate industries show double-digit increases Car and factory equipment makers cut spending due to tariff painBy Makiko Yamazaki TOKYO, June 2 (Reuters) - Investment by Japanese companies in plants and equipment surged to a record in...Reuters
Mon, Jun 2
Asia's factory activity shrinks in May as US tariffs bite
Japan's PMI shrinks for 11th month in MaySouth Korea's factory activity also contracts in MayUS trade uncertainty to keep firms from investing, analysts sayBy Leika Kihara TOKYO, June 2 (Reuters) - Asia's factory activity shrank in May as soft demand in China and the impact of U.S. ta...Reuters
Mon, Jun 2
Fed's Waller still open to cutting interest rates later this year
Waller says tariffs will drive temporary inflation Fed can look throughWaller says uncertainty remains around trade policy Tariff impacts to be most apparent in second half, Waller says By Michael S. Derby and Cynthia Kim June 2 (Reuters) - Federal Reserve Governor Christopher Waller said on Mon...Reuters
Mon, Jun 2
Fed's Waller: long term yields also up amid foreign buyer anxiety
By Michael S. DerbySEOUL, June 2 (Reuters) - Federal Reserve Governor Christopher Waller said Monday rising bond yields are being driven by worries over government deficits and investors' caution over U.S. assets. Waller, speaking in Seoul, South Korea, said yields for Treasury bonds have increa...Reuters
Mon, Jun 2
