Month: December 2024
Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives […]
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Dodge maker Stellantis and China’s CATL team up to build $4.3 billion EV battery plant in Spain
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium […]
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Surprise RBI governor pick signals India may cut rate as soon as February, economists say
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images India has appointed a new central bank governor to replace longstanding chief Shaktikanta Das in a surprising move that some market watchers say strengthens the outlook […]
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European markets open lower as positive sentiment vanishes
Germany confirms harmonized inflation at 2.4% for November Germany issued a final reading of its November inflation data on Tuesday, confirming the preliminary harmonized print of a 2.4% year-on-year increase, according to state news agency Destatis. It noted that the November inflation was exacerbated by price hikes in the services sector, but benefitted from a […]
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‘White gold’ seen as pivotal to Europe’s massive trade deal with South America
Aerial view of brine ponds and processing areas of the lithium mine of the Chilean company SQM (Sociedad Quimica Minera) in the Atacama Desert, Calama, Chile, on September 12, 2022. Martin Bernetti | Afp | Getty Images The strategic importance of lithium is likely to have played a major role in the European Union’s blockbuster […]
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Is this London’s best kept cultural secret? A royal palace turned parking lot is reinventing itself — again
Models at designer Charles Jeffrey’s Loverboy show during London Fashion Week at Somerset House in June 2024. Jeffrey is a resident at Somerset House Studios. Stuart C. Wilson | Getty Images Somerset House has been a key part of London’s landscape for hundreds of years, with its grand architecture and prominent position close to the […]
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Travel is finally back — and an era of huge growth is upon us
The global travel industry is set to fully recover from the Covid-19 pandemic this month, according to U.N. Tourism. During the first nine months of 2024, international arrivals worldwide reached 98% of pre-pandemic levels, compared to the same period in 2019, it said. The remaining 2% gap will close this month, according to the organization, […]
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China’s November imports post surprise drop; sharpest decline in 14 months
A foreign trade container ship is leaving the dock at Qingdao Port in Qingdao, China, on June 7, 2024. Costfoto | Nurphoto | Getty Images China’s exports and imports both missed expectations in November, data from the country’s customs authority showed Tuesday, fueling worries over the health of the Chinese economy as consumer demand remains […]
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Australia’s central bank ends 2024 with a dovish pivot, jolting markets
People walk past the Reserve Bank of Australia building in the central business district of Sydney on July 4, 2017. Saeed Khan | AFP | Getty Images Australia’s central bank held interest rates steady at its last meeting of the year but softened its hawkish tone by noting the board is gaining “some confidence” that […]
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Luigi Mangione charged with murder of UnitedHealthcare CEO Brian Thompson, court record shows
Booking photo of Luigi Mangione taken in a holding cell on Monday. The Altoona Police Department Prosecutors in New York on Monday charged Ivy League grad Luigi Mangione with the murder of UnitedHealthcare CEO Brian Thompson, court records show. The charge came hours after Mangione was arraigned in a Pennsylvania courtroom on gun and other […]
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