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NY Fed survey finds Americans bracing for higher housing costs May 6, 2024 11:12AM

By Michael S. Derby

(Reuters) - Americans are once again bracing for another round of higher housing costs, the New York Federal Reserve said on Monday.

As part of its latest Survey of Consumer Expectations, the regional Fed bank found that respondents see higher near-term increases for both rent and home prices, although they do see some relief over the longer haul for home prices. Households also see no relief on home borrowing costs.... (continue reading...)


Nio on track to unveil its first mass-market car in May, executive says May 6, 2024 11:08AM

By Gilles Guillaume

PARIS (Reuters) - China's premium electric vehicle maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than $30,000, a senior executive told Reuters on Monday.

Nio has created the sub-brand Onvo to launch a new EV that Chief Executive William Li has said will take aim at the Tesla Model Y, the world's best-selling... (continue reading...)


Macron, von der Leyen urge China to press Russia over Ukraine May 6, 2024 10:59AM

By John Irish and Elizabeth Pineau

PARIS (Reuters) - France and the European Commission on Monday told China's President Xi Jingping that they wanted him to use his influence on Russia to end its war in Ukraine, while underscoring that the European Union would not waver in its support for Kyiv.

President Emmanuel Macron is hosting the Chinese leader in his first visit to Europe in five years and held talks with him and Commission... (continue reading...)


US sanctions Colombian maritime companies over alleged migrant smuggling May 6, 2024 10:56AM

The U.S. issued visa sanctions against executives of several Colombia maritime companies allegedly linked to migrant smuggling through the Colombia-Panama border, a senior U.S. official said on Monday on a call with reporters.

The announcement was tied to a meeting of Western Hemisphere officials in Guatemala focused on both supporting migrants and increasing enforcement in the region under an agreement known as the Los Angeles Declaration.

... (continue reading...)
Etihad CEO considers buying small number of Airbus, Boeing jets May 6, 2024 10:53AM

DUBAI (Reuters) - Etihad Airways would consider buying a small number of aircraft from Airbus and Boeing over the next five years if delivery slots opened up, its chief executive said on Monday.

The Abu Dhabi's carrier plans to grow its fleet of narrow and wide-body aircraft to 150 over the next five years, up from around 80 jets today, which would mean adding around 10-15 new aircraft each year.

Most of those new aircraft will be added... (continue reading...)


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