These are the most popular?articles on the New?York?Times?business pages. The New York Times has not'verified' these stories, and cannot vouch for their accuracy. U.S. president Donald Trump's government created on Monday a fund of nearly $1.8 billion to compensate victims who were "weaponized" by political forces. This was to settle the lawsuit Trump filed against his government over alleged mismanagement of his tax records. After a wage agreement was reached with the New York Governor Kathy Hochul, 3,500 workers at the Long Island Rail Road in New York will end their strike. This is the first strike for'more than three...

The 'Australian Government' said that it had secured three shipments of jet-fuel from China, and additional urea for agricultural use from Brunei. This is to boost fuel and fertiliser stocks amid the disruptions caused by Iran War. After discussions between Premier Li Qiang and Prime Minister Anthony Albanese, the government announced that more than 600,000. barrels of jet fuel, or approximately 100 million litres would be arriving in early June. Beijing has been limiting fuel exports to protect the domestic supply since March after the Strait of Hormuz was closed, disrupting crude and fuel flow. The government of Australia said...

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs within the region. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's biggest carrier will resume its flights from Heraklion, Rhodes, and Larnaca to Tel Aviv. Thessaloniki-Tel Aviv flights are canceled until June 26. Flights to Riyadh,?Amman and Erbil will resume on May 21. The airline has cancelled flights to Dubai until June 29 and Erbil and Baghdad till July 2. AEROFLOT The Russian flag carrier has announced that it...

Ryanair warned on Monday that the U.S. and Israeli war against Iran would likely cause consumer anxiety, which could wipe out any increase in summer fares. However, the threat of fuel shortages has receded as suppliers adjust to the closing of the Strait of Hormuz. Commentary came at the same time as Europe's biggest airline by passenger number reported a record-breaking profit for its fiscal year ending in March. This was slightly above analyst expectations. Ryanair said last week that it does not expect any disruptions in jet fuel supplies for Europe this summer, but its profit may be "a...

Ryanair warned on Monday that economic uncertainty "looks like it will wipe out any growth" in fares during the summer peak months, as the Irish airline reported a profit slightly above expectations for 'the year to March. Last week, the largest airline in Europe by passenger numbers said that it did not expect any disruptions to the jet fuel supply in Europe during the summer months. However, its profit could be "a little under pressure" if oil prices continue to rise. It reported a profit after tax of 2,26 billion euros for the year that ended in march, compared to...

China's 'commerce ministry' described the tariff, aircraft and agricultural deals as "preliminary". This was in response to Donald Trump's visit this week. Trump left Beijing Friday, after two days of talks between President Xi Jinping and Trump that were filled with pageantry and warm words but with limited details on tangible outcomes in trade and investment. The ministry announced on its website that the two parties had agreed to create an investment board and?a trade panel to negotiate reciprocal tariff reductions on specific products, as well as larger cuts on unspecified goods, including agricultural products. Beijing also said that both...

Rescue officials and the deputy transport minister reported that at least eight people died and 32 others were injured after a train struck a bus in Bangkok and ignited a fire. Officials said that firefighters and rescue crews responded to the incident as fires consumed the bus and vehicles nearby near the Airport Rail Link station in Makkasan. They added that the crash involved motorcycles and cars. According to preliminary reports, the bus was stopped "on the tracks" at a red signal, which prevented the crossing barriers from closing. Deputy Transport Minister,?Siripong, Angkasakulkiat, told reporters that the preliminary reports indicated...

Berkshire Hathaway announced a $2.65 billion investment into Delta Air Lines on Friday, as well as a small stake in Macy's. It also said that it had sold many of its smaller stock holdings such Amazon.com and UnitedHealth Group. These changes were made as part of the portfolio reshuffle that took place in the first quarter following the promotion of Greg Abel, who succeeded Warren Buffett at Berkshire. Berkshire announced in a regulatory filing that they also tripled their stake in Alphabet (parent company of Google), which is now one of the largest investments in common stocks. Berkshire has also...

Federal Aviation Administration (FAA)?said on Friday that it would be reducing its target of?air traffic controller staffing. It also pledged to modernize the scheduling system and increase the amount of time employees spend managing traffic. The FAA announced that it has lowered its target to 12,563 certified air traffic controllers from 14,633. According to a National Academies of Sciences study published last year, overtime costs for air traffic control have increased by over 300% in the past two years, reaching more than $200 million. The report cited a misaligned workforce and an inefficient schedule. According to the report, 'the time...

The aviation industry was blindsided by the sudden increase in jet fuel costs from $85 to $100 to $150 to $200 per barrel during the U.S./Israeli war on Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to increase fares and re-evaluate their financial forecasts. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East flights, as well as a spike in fuel costs will have "a significant impact" on its first-quarter results. AIRASIA...

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs within the region. The latest flight information is listed below alphabetically. AEGEAN AIRLINES On May 21, Greece's largest airline will resume flights from Heraklion to Tel Aviv, Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Riyadh, Amman and Erbil will resume on May 21. Flights to Dubai will be cancelled until June 29. Erbil, Baghdad and Baghdad flights are also cancelled until July 2. AEROFLOT The Russian flag carrier...

Singapore Airlines executives announced on Friday that they will continue to increase their capacity, despite the fact that some of its largest rivals, such as Cathay Pacific and Qantas, have cut flights because of the soaring 'fuel prices' caused by Middle East conflict. In a briefing on its results, Singapore's national carrier highlighted its strong balance sheet, with S$7.9bn ($6.19bn) in cash, and the continued demand for their flights, especially as passengers continue to seek alternate hubs, to avoid transiting through the Gulf. Singapore Airlines' Chief Commercial Officer Lee Lik Hsin said to analysts and journalists that the airline is...