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Airlines’ in-flight engine shutdowns spark probe in India

Bloomberg India is investigating three separate incidents in the past two months where airline pilots had to shut down plane engines mid-flight made by a joint venture of General Electric Co, according to people familiar with the matter. The so-called commanded in-flight shutdowns — when pilots intentionally turn off one of the two engines after encountering problems — may have ...

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UK retail sales mask outlook concerns

  Bloomberg Such is the state of the UK consumer that even seemingly positive data can reveal bad news about the economy. After a week of grim reports showing inflation at a four-decade high and consumer confidence at the lowest level since at least 1974, a release showing retail sales unexpectedly rose in April appeared to buck the trend. The ...

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Biden struggles to woo Asian nations wary of upsetting China

Bloomberg Joe Biden talked at length as a presidential candidate about the need to focus on China’s rising global power. Yet 17 months after taking office, Asian leaders are still waiting for details on a strategy for more US economic engagement in the region. Before Biden touched down in South Korea, many officials in the region have struggled to understand ...

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