JetBlue Raises Checked Bag Fees as Fuel Costs Soar
The airline, which now charges up to $59 for one checked bag on a domestic flight, could influence other carriers strained by the war in Iran. Source link
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Govt directs refineries to divert feedstock to petrochemical units; move to ease industry shortages
The government has asked oil refineries to divert part of the feedstock used for cooking gas (LPG) towards petrochemical units, as industries grapple with acute raw material shortages triggered by supply disruptions amid the West Asia conflict, according to PTI.The Ministry of Petroleum and Natural Gas on April 1 directed refiners to allocate a portion…
Rival Nations Seize On Choke Points to Counter Trump
From Iran to China, President Trump’s global aggression has encouraged other countries to search for new ways to pressure the U.S. economy. Source link
Govt does U-turn on 60% free seating order for airlines; puts it in abeyance
NEW DELHI: In a U-turn, the civil aviation ministry Thursday put on hold its directive for airlines to offer at least 60% seats free of charge. Under intense cost side pressure since the Iran war began, airlines had warned this move to curb ancillary revenue will lead to additional fare hikes.The aviation ministry had on…
War With Iran Clarifies Trump’s Spending Priorities: The Military, Not Child Care
As the White House prepares to release its 2027 budget, President Trump said military protection, not social programs, took precedence. Source link
Govt caps ATF hikes to 25% a month for domestic flights to curb fare spikes
In a move aimed at shielding passengers from sharp airfare surges, the government has capped monthly increases in aviation turbine fuel (ATF) prices for domestic flights at 25%, according to Reuters.The decision comes amid volatility in global energy markets linked to the ongoing Iran crisis, which has pushed up fuel costs and added pressure on…
Republicans Seek Protections for Oil Giants Against Climate Lawsuits
Utah passed a law to insulate oil companies against efforts to make them pay for their role in global warming. A nationwide version is in the works. Source link
Govt rolls out measures to cushion Gulf trade hit: DGFT
The government has introduced a series of measures to support exporters facing disruptions from the ongoing Gulf conflict, with key sectors such as gems and jewellery, rice and pharmaceuticals under pressure, PTI reported.At an inter-ministerial briefing, Director General of Foreign Trade Lav Aggarwal said the commerce ministry is working with insurers and banks to address…
Trump Revamps Metal and Pharmaceutical Tariffs
The administration announced new levies and made changes to existing tariffs for two industries that have proved influential on the president’s trade policy. Source link
US 30-year mortgage rates climbs to 6.46%, highest in nearly 7 months; homebuyers face fresh cost pressure
The average long-term US mortgage rate has climbed for the fifth consecutive week, reaching its highest level in nearly seven months and adding to affordability challenges for homebuyers during the crucial spring housing season, according to AP.The benchmark 30-year fixed mortgage rate rose to 6.46% from 6.38% last week, mortgage buyer Freddie Mac said. A…