Business
Spirit Airlines Shuts Down After Failed Government Bailout
The ultra-low-cost carrier ceased all global operations Saturday after failing to secure a $500 million rescue deal from the Trump administration.
Section
Business
Business
Spirit Airlines Shuts Down Following Failed Government Bailout
The US budget carrier ceased all operations after a surge in jet fuel prices and failed rescue talks left the airline unable to survive.
Business
Trump Announces Increase of EU Car Tariffs to 25%
President Trump stated that tariffs on European Union cars and trucks will rise to 25% next week due to alleged non-compliance with a trade agreement.
Business
Syria Emerges as Alternative Oil Corridor Amid Hormuz Blockade
Syria is facilitating the overland transport of Iraqi crude oil to Europe as conflict and blockades disrupt the Strait of Hormuz.
Business
Venezuela Crude Exports Hit Highest Level Since 2018
April exports rose 14% to 1.23 million barrels per day as U.S. sanctions eased and demand grew from India, the U.S., and Europe.
Business
Drugmaker Files Emergency Appeal After Court Limits Mifepristone Access
Danco Laboratories is seeking a Supreme Court intervention after a federal appeals court reinstated in-person requirements for the abortion pill.
Business
Spirit Airlines Ceases Operations After 34 Years
The ultra-low-cost carrier has halted all flights and entered liquidation following prolonged financial distress.