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September 13, 2022 Aviation
Bloomberg Air India Ltd will induct 30 leased aircraft from Airbus SE and Boeing Co into its fleet starting December as its new owner Tata Sons Pvt. prepares to rebuild the former state-run airline. The carrier will add 21 A320neo jets in the second half of 2023 and four A321neo aircraft in the first quarter of calendar 2023, according to ...
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September 13, 2022 Aviation
Bloomberg US companies are overlooking uncertainty about the economy and booking fall trips at nearly six times last year’s rate after a flat summer for business travel, according to a report. While demand is climbing, average booked fares were down 23% to $419 in August from $543 in mid-May, travel manager TripActions said in the report. That was about $10 ...
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September 13, 2022 Retail
Bloomberg Kroger Co exceeded Wall Street’s earnings estimates and raised its annual forecast, citing strong demand for food prepared at home and a shift toward private-label goods. Adjusted earnings in the current fiscal year will range as high as $4.05 a share, up from the previous forecast of no more than $3.95, Kroger said in a statement. The profit measure ...
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September 13, 2022 Retail
Bloomberg India’s retail inflation accelerated in August after easing for three months, posing a fresh challenge to the central bank’s efforts to cool prices. Consumer prices rose 7% last month from a year earlier, data released by the Statistics Ministry showed. That’s faster than an estimate of a 6.90% gain in a Bloomberg survey of economists and compares with ...
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September 13, 2022 Politics, Uncategorized
Bloomberg Russia hit power plants deep behind Ukrainian lines, causing blackouts across the northeast of the country as Kyiv’s forces pressed a lightning offensive that’s reversed months of Moscow’s advances. More than 30 settlements, including Kramatorsk and Dnipro, suffered Russian missile and air strikes over the past day, Ukraine’s General Staff said in its regular update on Facebook Monday. Kharkiv ...
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September 13, 2022 Politics
Bloomberg Sweden’s coalition of right-wing parties looks set to secure a narrow victory in a general election that promises to rewrite the political map in the Nordic region’s biggest country. The likely victory hinged on the rise of the anti-immigrant party, the Sweden Democrats, which saw the biggest gains of any of the parties on Sunday and now makes them ...
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September 13, 2022 Politics
Bloomberg King Charles III vowed to uphold parliamentary democracy and follow the “selfless duty†of his mother, Queen Elizabeth II, in a key address at Westminster Hall that offered a glimpse of how he intends to carry out the role of monarch. Receiving messages of condolences from the Speakers of the House of Commons and the House of Lords, ...
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September 13, 2022 Banking
Bloomberg The euro surged the most in six months against the dollar as European Central Bank (ECB) policy makers underlined the need for further interest-rate hikes and as an anticipated slowdown in US inflation cooled the rampant demand for greenbacks. The common currency rose as much as 1.6% to $1.0198, its biggest increase since March, lent support by more ...
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September 13, 2022 Banking
Bloomberg The “extraordinarily loose†fiscal policy announced by UK Prime Minister Liz Truss is set to benefit UK banking stocks, analysts at Deutsche Bank said. The package aimed at combating rising household energy costs will probably prevent a short-term collapse in the economy, and at the same time encourage further interest-rate rises from the Bank of England — adding to ...
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September 13, 2022 Banking
Bloomberg The yen rebounded as traders mulled comments from Bank of Japan Governor Haruhiko Kuroda on the currency’s decline amid a broad dollar selloff. The dollar-yen pair fell 1.3% to around the 142.20 level, after climbing for four straight sessions. Kuroda held a meeting with Prime Minister Fumio Kishida in a sign of the nation’s heightened alert levels. “Sudden moves ...
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