Airlines have added new routes between the U.S. and Europe and announced plans to increase flights on some routes next spring and summer. The added capacity means travelers can get a break from the run of high airfares in the past couple of years. Some prices are still high-the average cost of round-trip airfare to Barcelona is over $1,000, according to travel-search website Kayak. But deals now exist that didn't before, and industry watchers say they expect more to come.


WeWork Files for Bankruptcy

WeWork filed for bankruptcy, capping the flexible-office-space venture's remarkable collapse after once being the nation's most valuable startup.

The company filed for chapter 11 protection in the U.S. Bankruptcy Court in New Jersey.


Intel in Lead to Get Billions for Secure Defense-Chip Facilities

Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications.

The facilities-which have yet to be disclosed publicly-would be explicitly designated as a "secure enclave," according to people familiar with the development. The goal is to reduce the U.S. military's dependence on chips imported from East Asia, particularly Taiwan, which some say is vulnerable to Chinese invasion.


It May Be Too Late to Fend Off China's Battery Giants

Having charged up in their massive home market, Chinese electric-vehicle-battery firms are becoming major export players, too. The West's efforts to protect its own markets might prove too little, too late.

Chinese firms are also eyeing big new factory expansions in Europe itself, and in U.S. free trade partners, as a way to sidestep current and future import restrictions-much like Japanese carmakers did in the U.S. in the 1980s.


Google's App Store Power Goes on Trial

SAN FRANCISCO - Google's power in the digital economy is facing another major legal test starting Monday in a case targeting its role as a gatekeeper on billions of mobile devices.

A group of jurors heard opening arguments from Fortnite-maker Epic Games that Google used its dominant position to squeeze excess profits from app developers, as well as the search giant's response to those allegations. The case forms the second part of Epic's attack on the two largest mobile software providers after the game developer went up against Apple in a 2021 courtroom battle.


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Expected Major Events for Tuesday

00:01/UK: Oct BRC-KPMG Retail Sales Monitor

05:30/NED: Oct CPI

06:45/SWI: Oct Unemployment

07:00/GER: Sep Industrial Production Index

07:00/DEN: Sep Industrial production & new orders

07:00/UK: Oct Halifax House Price Index

07:00/FIN: Sep Foreign trade

07:00/NOR: Sep Industrial Production Index

07:30/HUN: Sep Preliminary Industrial Production

08:00/SPN: Sep Industrial Production

08:00/AUT: Oct Wholesale Price Index

08:00/SWI: Oct SNB foreign currency reserves

08:00/CZE: Sep Retail trade

09:00/ICE: Oct External trade, preliminary figures

10:00/EU: Sep PPI

10:00/GRE: Sep External Trade (provisional data)

10:00/LUX: Oct CPI

11:00/FRA: Sep OECD CPI

All times in GMT. Powered by Onclusive and Dow Jones.

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(END) Dow Jones Newswires

11-07-23 0015ET