North America

The GDL train driver's?union and Germany's Deutsche Bahn 'have reached a wage deal' on Friday. This has prevented'strikes' that had threatened to disrupt passenger and freight transportation at a critical time for the state-owned railway operator. GDL confirmed the deal early on Friday morning, saying that details would be released later in the day. The breakthrough was also confirmed by Deutsche Bahn, after months of heated negotiations?over wages and working conditions for the?10,000 employees covered by union contracts. The GDL has a list of 40 demands. These include an increase in wages of up to 8% overall, better allowances for...

The Federal Aviation Administration (FAA) banned flights in an area around Fort Hancock on Thursday after lawmakers claimed that a military laser anti-drone system was used by the Pentagon to accidentally shoot down a U.S. Government drone. The FAA did not comment immediately, nor did the Pentagon. However, the FAA's notice regarding the restrictions of the airspace near Mexico border cited "special reasons for security". U.S. U.S. According to Congressional aides, the Pentagon is believed to have accidentally shot down the CBP drone near the Mexican border. This area is prone to incursions from Mexican drones that are used by...

The National Transportation Safety 'Board stated on Thursday that a proposed U.S. Congressional aviation safety bill fails to address the safety recommendations they issued?after a mid-air collision in 2025 near Washington killed 67 people. The NTSB said that the House's ALERT Act does not address its recommendation for requiring aircraft tracking technology, also known as ADSB. The NTSB stated that ADS-B could have prevented a collision between an American Airlines regional plane and an Army Black Hawk in 2025, which occurred near the nation's capitol. House Transportation Committee chair?Sam Graves announced on Wednesday that the ALERT Act would be taken...

James Blair, the Deputy Chief of Staff at the White House, vowed to show a "new level of interest" on Thursday in?the United States. After he and wife had issues with separate American Airlines flights, Blair vowed to take a "new interest" in the aviation industry. "Today, American Airlines delayed?me 2.5 hours because someone failed notice empty hydraulic liquid before it was time for the plane to go down to the runway. Blair told X that yesterday, it was apparent that they forgot to book a pilot for my wife's trip. "I am going to develop a new interest for...

Chief executive officer?Eric Martel stated on Thursday that?India's efforts to upgrade its aviation infrastructure?will give Canada’s Bombardier an opportunity to increase?sales?of business -jets?there. Martel told reporters at Montreal that Bombardier operates around 60 jets in India. He added that the lack of infrastructure is a challenge for the company. The good news is they are spending a great deal of money right now. As far as I'm aware, they are building at least a dozen airports. "The infrastructure (investment), which will be taking place in the next few decades, will certainly 'open doors for us to grow. Mark Carney, the...

The European Court of Justice rejected on Thursday Air France KLM and British Airways, as well as almost all their competitors in their battle against fines totaling 776 million Euros that were imposed by the EU antitrust regulators nine years ago. The Court of Justice has rejected almost all of arguments presented by the airlines. The court in Luxembourg said that only the appeal filed by the SAS Cargo Group was partially upheld, due to 'errors committed by the General Court when calculating the fine imposed by this airline. In 2017, the European Commission - which is the EU's competition...

Federal Aviation Administration announced on Wednesday that it has issued an airworthiness Directive for all Boeing 737 MAX 8 and 8200 aircraft to address a "circuit breaker" issue which could cause a malfunction leading to excessively high cabin temperatures. The directive calls for the revision of the aircraft flight manual in 30 days so that the crew is aware of the?operational procedures' if an air conditioner malfunctions due to a circuit breaker trip. The FAA stated that the directive applies to 2,119 aircraft worldwide, including 771 U.S. registered airplanes. Boeing said it supported the directive it issued last week that...

The top Democrat in the U.S. 'Senate Commerce Committee urged House of Representatives on Wednesday to reconsider aviation legislation which 'failed by a single vote - after 'Pentagon resistance. The House passed the ROTOR Act 264-133, unanimously approved by the Senate in December. This was to address concerns raised after a collision between an American Airlines regional plane and an Army Black Hawk aircraft in the crowded airspace above the nation's capital a year earlier, in which 67 people were killed. The fast-track rules required that the bill be passed by two-thirds of the votes cast. It fell short by...

Alphabet’s Google will soon begin testing changes to its search results in order to give competitors more prominence. A person with first-hand knowledge of the situation said this on Wednesday. The company is trying to avoid a fine from the EU for allegedly favoring their own services when searching for hotels, flights, and restaurants. Since it was accused of violating the Digital Markets Act in March last year, Google has made a number of proposals to appease rivals and EU regulators. After rivals complained about the insufficiency of these measures, Google has not implemented any of its proposals. Google is...

These are the most popular?stories from the Wall Street Journal. These?stories have not been?verified' and we cannot?guarantee? their?accuracy. The judge said he would examine the contents of the devices that were seized by federal prosecutors as part of an alleged?investigation?. Warner Bros Discovery opened its doors to Paramount Skydance on Tuesday after the rival bidder increased his offer to $31 per share. - Defense Secretary Pete ?Hegseth gave Anthropic ?Chief Executive Dario Amodei until Friday to comply with the Pentagon's demands on using its artificial-intelligence models or face cancellation of the company's contract. Meta Platforms has agreed to buy 6...

The?U.S. The?U.S. The House voted ?264-133 ?in favor of the ROTOR Act, passed unanimously by the U.S. Senate in December, which would require aircraft operators to equip their fleets with a safety system known as the Automatic Dependent Surveillance-Broadcast system, or ADS-B, by the end of 2031. The bill failed to receive the two-thirds vote needed to pass under fast-track legislation designed to speed up the process. A Democrat joined 132 Republicans to vote against ROTOR. The act would mandate that the military use ADS-B for routine training flights, but not on?sensitive military missions. This legislation was a response to...

After violence erupted near Guadalajara following a military operation in which cartel leader Nemesio Oseguera was killed, FIFA monitored the situation in the city that will host the World Cup in 2026. According to the Defense Ministry, Oseguera was injured during a special force operation in Jalisco, Mexico, on the Pacific coast. He died in custody. A FIFA Mexico spokesperson said: "We are constantly in communication with the authorities and closely monitor the situation in Jalisco." We will continue to follow actions and directions of the various government agencies aimed at maintaining the public safety and restoring the normalcy. And...

These are the 'top stories' on the New York Times 'business?pages. These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Netflix withdraws its $83 Billion bid for Warner Bros. Discovery has cleared the way for Paramount Skydance to make an $111 billion bid?to take control of Hollywood giant Warner Bros. Jack Dorsey, CEO of Twitter, says that new AI tools will make smaller teams more effective. This is one of the biggest AI-driven job cuts in tech history. FedEx has announced that it will refund any tariffs ordered by a court to its customers....

FedEx must explain to the public how it plans to 'pass on any tariff rebates,' said U.S. Treasury Sec.?Scott Bessent after the global shipping firm sued for a refunded of emergency import duties ruled illegitimate by the U.S.?Supreme?Court. Bessent also questioned FedEx Chief Raj Subramaniam in an interview with NBC News on Tuesday evening, but provided no evidence that any wrongdoing had occurred. FedEx is a member of this business group, as are scores of other U.S. firms. FedEx filed suit in the U.S. Court of International Trade on Monday seeking a refund following a ruling by the Supreme Court...

Court filings show that the French beauty group L'Oreal, British vacuum'manufacturer Dyson, and contact 'lens manufacturer Bausch + Lomb are the 'latest' corporations to sue the U.S. government for refunds on tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled these duties illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of prominent companies that have sued since Friday's landmark decision. Sol de Janeiro, a U.S. skincare company and fragrance company and global transportation company FedEx also filed complaints in...

?French beauty company L'Oreal, British vacuum maker Dyson, and contact lens manufacturer?Bausch + Lomb are the 'latest' corporations to file a lawsuit for'refunds' of tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled that the duties were illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of notable companies that have sued following Friday's landmark decision. This week, the global transportation company FedEx as well as U.S. skincare company Sol 'de Janeiro filed complaints. Court documents reveal that more than...

The demand for its customs brokerage services helped Expeditors international of Washington to report a profit and revenue in the fourth quarter that exceeded Wall Street expectations. Customs clearance costs have increased as businesses adjust to new tariff rules and comply with compliance requirements. This has boosted demand for brokerage companies like Expeditors and driven up the cost of customs clearance. The demand for customs brokers remained high, reflecting the complexity of the work and the volume. CEO Daniel Wall added that the company planned to increase investments in technology including AI-driven tools to improve efficiency. Wall said that in...

These are the most popular stories from the Wall Street Journal. The Wall Street Journal has not verified the accuracy of these stories. FedEx has filed a lawsuit against the U.S. Government, requesting a refund of all trade duties it paid as a result of President Donald Trump’s tariffs that were enacted in 2018. Todd Snyder,?the administrator winding up Do Kwon’s Terraform Labs, has sued Jane?Street. He claims that the high-speed?trading giant engaged in illegal insider?trading and, ultimately, hastened the collapse of the crypto empire. The bankrupt auto parts supplier First Brands Group has not been able to secure financing...

These are the top business stories from 'The New York Times. These?stories have not been?verified' and 'hasn’t?attested to their accuracy. FedEx is one of the many companies that will be seeking repayments for 'Trumps' emergency tariffs, which were struck down by the Supreme Court. Pentagon summoned 'Anthropic CEO Dario Amedei 'as it presses?the firm to loosen AI restriction for classified military uses, amid broader agreements with xAI & Google. Binance investigators discovered $1.7 billion worth of crypto flows going to entities linked with Iran, but several were suspended later as the exchange moved?to contain any fallout from sanctions violations. (Compiled...

The global transportation company FedEx filed a lawsuit on Monday in the U.S. Court of International Trade, seeking a refund for President Donald Trump's Emergency Tariffs. This is one of the most high-profile moves to recover money since the U.S. Supreme Court ruled the tariffs unconstitutional last week. Trade attorneys expect a flood of lawsuits after the landmark ruling to recover billions. A lower court will still have to work out the recovery process, which complicates matters. The U.S. Supreme Court ruled on Friday that Trump exceeded his authority when he used the International Emergency Economic?Act to impose tariffs against...

The U.S. Supreme Court's decision to overturn emergency tariffs imposed by the White House was a victory for thousands of businesses, but the process of getting refunds is only just beginning. The court's decision could have a long-lasting impact on the global economy. It ruled that President Donald Trump was not allowed to impose broad tariffs against imports under the 1977 International Emergency Economic Powers Act. The corporate world spent months adapting to Trump's constantly changing trade policy, and his use of tariffs to further his agenda. Not only to address trade issues, but also to attack other governments policies...

A lawyer for the International Brotherhood of Teamsters said to a judge that the union expects more than 10,000 United 'Parcel Service drivers will accept $150,000 buyouts, if the 'delivery -giant can proceed with its planned workforce-cutting plan. Michael Feinberg, a union attorney representing 320,000 UPS employees, gave this estimate when he asked Chief U.S. district Judge Denise Casper to stop UPS from implementing the buyout plan. The Teamsters claim that the union initiated the buyout without negotiations, in violation of the?2023 contract. Teamsters also contend that the provisions of the?2023 contract prohibit UPS from entering such agreements with individual...

The British money manager Aberdeen will vote against a proposed 7,8?billion euros ($9.25 billion),?takeover by a consortium led?by FedEx of the parcel locker company?InPost, claiming that the offer undervalues it materially. According to LSEG 'data, the firm holds a 0.2% share in InPost. It urged InPost to reconsider its support for the "unjustifiably" low 15.60 euros cash offer per share. According to an excerpt from a letter, Matthew Peacock is a research analyst with Aberdeen Investments. He said that the offer was opportunistic and aimed to exploit a temporary drop in the share price to the detriment of long-term shareholders....

FedEx, a global delivery company, announced on Thursday that its?adjusted? earnings for the current holiday season would exceed Wall Street's median estimate. It also set growth goals through 2029. FedEx announced that its earnings for the third quarter, ending February 28, will surpass analysts' expectations. This announcement was made ahead of its annual Investor Day in Memphis, Tennessee where it is headquartered. FedEx compared the average FactSet estimate of $4.01 for each share. FedEx announced in December that its 'third-quarter adjusted earning per share will fall below the reported $4.82 for the second quarter. The third quarter's earnings, which are...