LONDON/SEOUL/CHICAGO (Reuters) - Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited aircraft availability. A global imbalance between supply of flights and pent-up demand as air travel opened up after the pandemic drove up ticket prices...

LONDON, May 28 (Reuters) - A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, sending them on longer journeys that drive up their carbon dioxide emissions. (Read this story in a graphic here.) For companies struggling to account for - and lower - the climate-warming emissions associated with their...

HUALIEN, Taiwan, May 28 (Reuters) - Taiwan President Lai Ching-te thanked fighter pilots who had scrambled against China last week during its war games around the island, as he was briefed on the events at a frontline air base on Tuesday. China, which claims democratically-governed Taiwan as its own territory, started two days of drills last Thursday in what it...

TOKYO (Reuters) -Oil prices climbed in Asian trade on Tuesday, extending gains from the previous session, buoyed by expectations of strong fuel demand from the U.S. during the summer, ahead of an output policy decision from OPEC+ at a June 2 meeting. July Brent crude rose 21 cents to $83.31 a barrel by 0329 GMT. The more-active August futures rose...