Investing.com -- A decline in inbound tourism may help cool U.S. inflation by dampening demand in key services sectors, according to analysts at Capital Economics.U.S. inbound travel is still about 15% below pre-pandemic levels. Analysts said this drop in foreign visitors is holding back price growth in sectors like accommodation, food services, and entertainment, where overseas tourists tend ...
By Sudipto Ganguly and Shivam Patel AHMEDABAD/NEW DELHI (Reuters) -India’s aviation regulator has ordered all Boeing (NYSE:BA) 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator on Friday ordered Air India to conduc ...
By Aditya Kalra NEW DELHI (Reuters) -Air India’s deadly plane crash that killed at least 270 people has triggered a wave of speculation about what led to the world’s worst aviation disaster in a decade, but authorities are slowly narrowing down areas of investigation. The Boeing (NYSE:BA) 787 Dreamliner is one of the most advanced jets in service and experts say it has a generally strong safet ...
By Sarah Young LONDON (Reuters) -Thames Water suffered a major setback in its fight to avoid nationalisation on Tuesday as it said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan. Britain’s biggest water supplier has been pushed to the edge by its 18 billion pound ($24.35 billion) debt pile, and was banking on KKR investing about 4 billion pounds in new equity t ...