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U.K. Inflation Edges Higher, Halting 10-Month Slide

January 17, 2024|Comments Off on U.K. Inflation Edges Higher, Halting 10-Month Slide

Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes. ​Read More Prices (Fares, Fees and Rates), Inflation (Economics), Economic Conditions and Trends, Interest Rates, Bank of England, Great [+]

Judge Blocks JetBlue From Acquiring Spirit Airlines

January 17, 2024|Comments Off on Judge Blocks JetBlue From Acquiring Spirit Airlines

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition. ​Read More JetBlue Airways Corporation, Spirit Airlines Incorporated, Mergers, Acquisitions and Divestitures, Decisions and Verdicts, Federal Courts (US), [+]

Musk Demands Bigger Stake in Tesla as Price for A.I. Work

January 17, 2024|Comments Off on Musk Demands Bigger Stake in Tesla as Price for A.I. Work

Elon Musk, the electric car company’s chief executive, said he would “build products outside of Tesla” unless the board raises his stake to 25 percent. ​Read More Electric and Hybrid Vehicles, Artificial Intelligence, Stocks and Bonds, [+]

Airbus Is Pulling Ahead as Boeing’s Troubles Mount

January 17, 2024|Comments Off on Airbus Is Pulling Ahead as Boeing’s Troubles Mount

With quality control essential, Airbus gains in the rivalry between the world’s biggest plane makers by being seen as “competent.” ​Read More Airbus Industrie, Boeing Company, Aviation Accidents, Safety and Disasters, Airlines and Airplanes, Factories and [+]

A Fed Governor Reiterates That Rate Cuts Are Coming

January 16, 2024|Comments Off on A Fed Governor Reiterates That Rate Cuts Are Coming

Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain. ​Read More Governors (US), Banking and Financial Institutions, Inflation (Economics), Interest Rates, United States Economy, [+]

China’s Economy Grew Last Year, but Strains Lurk Behind the Numbers

January 16, 2024|Comments Off on China’s Economy Grew Last Year, but Strains Lurk Behind the Numbers

Gross domestic product expanded 5.2 percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home. ​Read More Coronavirus (2019-nCoV), Real Estate and Housing (Residential), [+]

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