Bloomberg A tiny startup is expanding its semiprivate flight services in Texas, an incursion on the home turf of industry behemoth Southwest Airlines Co that targets business travelers in three of the state’s largest cities. JSX will begin service to Austin, Texas, from Dallas Love Field while doubling its Houston service to four daily flights. The carrier boards at the ...
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Dollar Tree tiptoes away from $1 limit in test of higher prices
Bloomberg Dollar Tree Inc is moving above the price point that gave the discounter its name. The retailer’s legacy stores will soon begin testing sales of products that cost more than $1, according to a company statement. Dollar Tree will also add more goods that go for more than a buck at its Combo and Dollar Tree Plus stores, which ...
Read More »HomeGoods finally launches a website
Bloomberg HomeGoods Inc has finally gone online as the ubiquitous retailer looks beyond brick-and-mortar at a time of soaring e-commerce demand. The discount home-decor chain began offering items including bedding, kitchen goods and seasonal products on its website. HomeGoods said it sees the e-commerce store as a complement to its network of more than 820 physical locations. The late launch ...
Read More »China steps up Taiwan flybys as 38 planes enter defense zone
Bloomberg Chinese warplanes made multiple incursions close to Taiwan in the second major display of military might in two weeks. People’s Liberation Army aircraft conducted 38 flights near the territory, based on statements from Taiwan’s defense ministry. There were 13 Chinese planes in the air defense identification zone in nighttime hours and 25 earlier in the day, the ministry said. ...
Read More »North Korea test-fires another missile after Kim derides Biden
Bloomberg North Korea claimed it had successfully test launched a newly developed anti-aircraft missile a day after the country’s leader, Kim jong-un, called President Joe Biden’s North Korea policy a “petty trick†— escalating tensions with Washington. The test was of “very practical significance in studying and developing various prospective anti-aircraft missile systems,†the state-run Korean Central News Agency (KCNA) ...
Read More »Johnson’s magic touch helps Tories rise above Brexit Britain chaos
Bloomberg Moments after Boris Johnson told Parliament he planned to break a key election pledge and raise taxes on British workers, a WhatsApp message popped up on the phones of Conservative MPs: “PM in the tearoom now.†Johnson’s charm is by far his strongest political asset and the prime minister put it to work, mug in hand, to calm his ...
Read More »Duterte to retire from politics, not to run for vice president
Bloomberg Philippine President Rodrigo Duterte said he’s retiring from politics and won’t be seeking the vice presidency in 2022, a surprise move that saw his party’s nominee for the top position instead seek the No. 2 post. Duterte’s former aide and now Senator Christopher ‘Bong’ Go filed his candidacy for vice president. Go had been earlier nominated by the ruling ...
Read More »Georgia’s ex-leader jailed as nation goes to polls
Bloomberg Former Georgian President Mikheil Saakashvili, detained as the country prepared for local elections, urged his supporters to get out and vote against the incumbent party. Saakashvili, who returned from eight years in exile in defiance of warnings he’d be prosecuted for alleged abuse of power, was moved to the Rustavi prison, near the capital, Tbilisi. The government has accused ...
Read More »France’s Le Drian to hold talks with US’ Blinken
Bloomberg French Minister of Foreign Affairs Jean-Yves Le Drian is expected to hold talks with US Secretary of State Antony Blinken in Paris next Tuesday, in a bid to improve ties after the recent diplomatic crisis between the two countries. The two ministers will hold in-depth talks “in o rder to identify the steps that could allow the restoration of ...
Read More »Japan’s banks desperate hunt for yield draws more scrutiny
Bloomberg Japan’s financial regulator (FSA) is keeping a closer watch on the nation’s banks and insurers as their drawn out hunt for yield pushes them into riskier non-traditional assets. After years of ultra-low interest rates and record levels of deposits, it’s “inevitable†that firms are taking bigger risks, according to Toshinori Yashiki, who’s in charge of assessing risk at banks ...
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