The new rules oblige airlines to provide refunds automatically, eliminating the need for passengers to request them explicitly.
Sectors
US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
Canada's Justin Trudeau Dismisses Doctors' Plea to Reconsider Capital Gains Tax Increase
Canada's Prime Minister Justin Trudeau has dismissed a plea from doctors to reconsider his government's proposal to raise the capital gains tax.
Senate Begins Inquiry Into Why Ozempic and Wegovy Are So Expensive in the US
Novo Nordisk's Ozempic and Wegovy, two popular diabetes and weight-loss drugs, are pricey in the US, sparking a Senate probe.
Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
Latest News
Thrasio, a major aggregator of Amazon third-party sellers, is undergoing drastic leadership changes.
Apple now expects to sell 400,000 to 450,000 units in 2024, a sharp decline from earlier industry estimates of 700,000 to 800,000.
TikTok plans to take down a feature that incentivizes app users in France and Spain to watch videos, following regulatory scrutiny from the European Commission.
FPG is rolling out savings and discounts worth over $4.5 million at its supermarkets and selected Kopitiam outlets throughout May and June, exceeding last year's offers.
A lost masterpiece by Austrian artist Gustav Klimt, titled "Portrait of Fräulein Lieser," recently sold for a remarkable €30 million ($32 million) at auction in Vienna.
The FTC is now facing a lawsuit from the US Chamber of Commerce. Will this prevent FTC's noncompete clauses ban?
SunPower announced a mass layoff that would affect thousands of employees as it ceases residential installations.
After laying off thousands of employees, Spotify achieves record profits of over €1 billion ($1.1 billion), driven by podcasting, despite missing monthly user forecasts.
China's space tourism could soon happen as the government considers allowing the Tiangong space station to host tourists.
