Wednesday , 17 December 2025

Recent Posts

Australia holds rate as currency drop offers export support

Bloomberg Australia left its key interest rate unchanged at a record low on Tuesday as the currency’s recent decline aids the economy by offering exporters some insulation against global trade ructions. Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, as expected by all economists and where it’s stood since August 2016. The Australian dollar this week …

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Flights in Argentina could soon be much cheaper

Bloomberg Travellers are about to get cheaper flights in Argentina as President Mauricio Macri curbs price floors that have propped up domestic airfares. In an effort to boost tourism, the government will allow airlines to drop prices as low as they want for domestic service as of August 15. The rule change only applies to round trips, and customers must …

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Pentagon hyped $1.2bn F-35 savings claim, say senators

Bloomberg Senators have chided the Pentagon’s F-35 program office for claiming $1.2 billion in purported savings from buying parts and equipment for Lockheed Martin Corp.’s fighter jet in bulk after an independent analysis found the benefit is likely to be half that. Program office officials sought and won congressional approval last year to spend $661 million as a down payment …

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