Reuters

By Lisa Barrington

DUBAI (Reuters) - The United Nations should not change a convention on how global airlines are taxed, the International Air Transport Association (IATA) said on Monday, cautioning that doing so would add complexity and cost, and might cause routes to be scrapped.

A U.N. committee on tax is considering taxing airlines in the countries where they generate revenue, rather than the current system, which taxes airlines... (continue reading...)

DUBAI (Reuters) - The head of the global airline body IATA said there was no need to reduce growth in global aviation in order to meet an industry target to meet net zero carbon emissions by 2050.

The International Air Transport Association Director General Willie Walsh said the costs of the transition to net zero would have to be passed on to passengers.

Delays in deliveries of new, more efficient aircraft to airlines were hindering... (continue reading...)

(Reuters) - Shares in Gamestop surged by over 90% in premarket trading on Monday, after a weekend Reddit post from stocks influencer Keith Gill, known as "Roaring Kitty," showed a $116 million bet on the gaming retailer.

GameStop was the second-most actively traded stock, with 4.4 million shares changing hands by 4:30 a.m. ET.

It was the first post from Gill's Reddit account, which was central in fuelling a meme stock trading frenzy about... (continue reading...)

MOSCOW (Reuters) - Russian Deputy Foreign Minister Sergei Ryabkov said on Monday the United States could face "fatal consequences" if it ignored Moscow's warnings not to let Ukraine use weapons provided by Washington to strike targets inside Russia.

Ryabkov was commenting on President Joe Biden's decision last week to approve the use of U.S.-supplied weapons to hit targets inside Russia that were involved in attacks on Ukraine's Kharkiv region.

LONDON (Reuters) - British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the Bank of England's caution about cutting interest rates.

The final reading of the S&P Global UK Manufacturing Purchasing Managers' Index for May rose to 51.2 from 49.1 in April, its highest since July 2022 when a surge in energy prices was starting to hit... (continue reading...)