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Archive Transportation: Leisure

  • LIMA, March 22- A railway used by copper, zinc and silver mines to transport concentrates from Peru's central Andes to port is likely be out of action for at least two to three weeks following deadly floods and mudslides, a minister said on Wednesday. Even after the railway resumes operations, exports from the port of Callao near Lima could be delayed by two to three...

  • NEW YORK, March 22- If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another. Along with financials, those names helped lead a post-election U.S. stock market rally, fueled by Republican Donald Trump's promises of increased infrastructure spending, tax reform...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a Transportation Ministry statement said, based on allegations of "...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a statement from the Transportation Ministry said, based on...

  • NEW YORK— U.S. stocks took their biggest loss in five months Tuesday as a health care bill backed by President Donald Trump ran into trouble in Congress, which raised some questions about his agenda of faster economic growth spurred on by lower taxes and cuts in regulations. "President Trump promised that this health care bill would be signed, sealed, delivered...

  • NEW YORK— The latest on developments in financial markets:. Bank of America sank 5.8 percent, while JPMorgan Chase and Wells Fargo each lost about 3 percent. United Continental dropped 3.3 percent.

  • WASHINGTON— U.S. and British officials said Tuesday the decision to bar laptops and tablets from the cabins of some international flights wasn't based on any specific threat but on longstanding concerns about terrorists targeting jetliners. The U.S. ban affects flights from Amman, Jordan; Kuwait City, Kuwait; Cairo; Istanbul; Jeddah and Riyadh, Saudi Arabia;...

  • SANTIAGO, March 18- A 35- year-old driver for ride services company Uber was shot dead in the Chilean capital Santiago as he attempted to resist being robbed by passengers, police said on Saturday. Three people had requested the ride late on Friday using a cash payment option that Uber introduced last year, Santiago police said. Uber's unit in Chile did not...

  • A man who attacked soldiers at Paris Orly airport shouted he would "die for Allah," Paris prosecutor Francois Molins said.

  • NEW YORK— A plane from Chicago that landed at LaGuardia Airport on Saturday got stuck in a snowdrift while turning off the runway and had to be pulled out by a tug. The pilot of the Republic Airline flight operating under Delta was trying to leave the runway in order to taxi to the gate when the plane got stuck. There were 73 passengers on board and no one was injured, and...

  • ORLY, France— Yelling that he wanted to kill and die for Allah, a suspected Islamic extremist attacked a French soldier Saturday morning at Paris' Orly Airport and wrested away her assault rifle, a French prosecutor said. The attack further rattled France, which remains under a state of emergency after attacks over the past two years that have killed 235 people.

  • President Donald Trump, center, addresses Oscar Munoz, chief executive officer of United Continental Holdings Inc., left, during a meeting with airline executives in the Roosevelt Room of the White House in Washington, D.C., U.S., on Thursday, Feb. 9, 2017.

    The resulting fees don't create a level playing field between U.S. carriers and their international counterparts, say analysts.

  • BADEN-BADEN, Germany— Governments need to do more to create growth that benefits everyone, and the U.S. should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said Friday. OECD Secretary-General Angel Gurria called for an "upskilling of the workforce" to address worker anxiety about the future of...

  • WASHINGTON— President Donald Trump called Thursday for eliminating subsidized air service to rural communities, many of which supported his election last year after he promised to create jobs. I would argue that this program is vital for rural America, "said Laurie Gill, the Republican mayor of Pierre, South Dakota. The proposal is an early step in a lengthy...

  • WASHINGTON, March 16- President Donald Trump's proposal to privatize U.S. air traffic control won the backing of major U.S. airlines, but drew criticism from other groups concerned smaller airlines and private companies would lose airport access. National Business Aviation Association CEO Ed Bolen said the group strongly opposes the proposal, arguing...

  • BERLIN, March 16- Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between cautious established players and bullish new entrants. Chief Executive Jens-Hsun Huang forecast carmakers may speed up their plans in the...

  • SAO PAULO, March 16- Brazil awarded three European groups on Thursday the rights to operate four airports, drawing nearly double the minimum bids at an auction that underscored investors' appetite for a new wave of privatizations under President Michel Temer. German airport operator Fraport AG, French group Vinci SA and Zurich Airport bid a combined 1.46...

  • WASHINGTON— Military spending would get the biggest boost in President Donald Trump's proposed budget. The budget proposal out Thursday is a White House wish list; it'll be up to Congress to decide where money goes. Some programs would lose everything: Trump proposes to eliminate money for the Corporation for Public Broadcasting, the national endowments for...