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  Bloomberg Wizz Air Holdings Plc plans to order 75 Airbus SE narrow-body jets as the discount carrier doubles down on its rapid expansion in a challenge to sector leader Ryanair Holdings Plc. Wizz will exercise purchase rights for the A321neo jets granted by the manufacturer last year, it said in a statement. Delivery dates are subject to agreement. Eastern ...

Bloomberg Russian President Vladimir Putin told his counterpart Xi Jinping he understands Beijing’s “questions and concerns” about his invasion of Ukraine, as the Chinese leader said the two countries could “inject stability and positive energy to a world in chaos.” In their first in-person talks since the war began, Putin hailed “the balanced position of our Chinese friends on the ...

Bloomberg As Indian Prime Minister Narendra Modi meets Russia’s Vladimir Putin and attends a summit with China’s Xi Jinping on Friday, he’ll need to avoid looking too chummy with the US’s two top adversaries. Modi’s face-to-face meeting with Putin will take place Friday in Uzbekistan, where a host of leaders are gathering for a summit of the Chinese-founded Shanghai Cooperation ...

Bloomberg Swedish right-wing opposition parties are stepping up negotiations on forming a new government, after Prime Minister Magdalena Andersson tendered her resignation on Thursday. The Social Democrat leader has conceded defeat in Sunday’s election, and Moderate Party leader Ulf Kristersson will now try to forge an agreement with three parties that backed his candidacy. They include the anti-immigrant Sweden Democrats, ...

  Bloomberg US railroads and unions reached a tentative deal on Thursday, a breakthrough that looks to avert a labour disruption that risked adding supply-chain strains to the world’s largest economy. After 20 straight hours in the latest round of talks — which included President Joe Biden and other administration officials — the companies and union negotiators reached a preliminary ...

  Bloomberg Microsoft Corp’s planned $69 billion purchase of computer games developer Activision Blizzard Inc faces an in-depth probe in the UK after regulators said the deal could hamper competition. The Competition and Markets Authority (CMA) said it decided to kickstart a longer review after Microsoft turned down the chance to offer remedies to address its concerns. “Microsoft informed the ...

Bloomberg McDonald’s Corp is moving its innovation centre and about 100 jobs into central Chicago — a big bet on the city that comes as other high-profile companies flee the area’s high taxes and crime. The world’s biggest restaurant company by sales said it’s relocating the workers from Romeoville, a Chicago suburb, to the company’s headquarters in the city. The ...

Bloomberg US futures declined as investor sentiment swung between hopes that inflation has peaked and concern that large interest-rate hikes by the Federal Reserve will hamper economic growth. Treasury yields rose and the dollar gained. Contracts on the S&P 500 and Nasdaq 100 fluctuated before turning lower, with the latter underperforming after the underlying gauges posted modest rallies. European stocks ...

  Bloomberg Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin fell about 1.5%to $19,937 in New York after a near-10% plunge this week. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged after rising US inflation ...

  DUBAI / WAM The Federal Tax Authority (FTA), in partnership with Planet Tax Free,on Wednesday launched a 100 percent digital VAT-refund scheme for tourists. The announcement was made at a joint press conference in presence of Khalid Ali Al Bustani, FTA Director-General, and Eyad Al Kourdi, General Manager of Planet Tax Free, the operator of the tax refund system ...