Wednesday, 27 Nov 2024

Business

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United Airlines is planning a record expansion of its aircraft fleet.

United Airlines announced Tuesday that it was ordering 270 single-aisle planes from Boeing and Airbus, the biggest aircraft purchase in United’s history and the largest in the United States in a decade. The deal will drive an expansion of United’s fleet, in both the number and the size of its planes. “It’s about building an […]

Agriculture Minister Damien O’Connor unfazed by Fonterra share dips, says keeping value of dairy industry the priority

Agriculture Minister Damien O’Connor says he’s not concerned about the fall in Fonterra share values in the aftermath of the company’s capital restructure proposal, and as long as New Zealand’s biggest business operates effectively, dairy farmers’ assets will be maintained. Speaking to the Herald from quarantine after his return from talks in the UK for […]

Fed's Barkin says U.S. has made "substantial further progress" on inflation goal

FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir/File PhotoWASHINGTON (Reuters) – The U.S. Federal Reserve has made “substantial further progress” toward its inflation goal in order to begin tapering asset purchases, Federal Reserve […]

Macron rolls out red carpet to JPMorgan, global CEOs in post-Brexit push

PARIS (Reuters) – President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan’s new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.FILE PHOTO: The logo of JPMorgan is seen in Los Angeles, California, United States, on […]

Christopher Niesche: One in ten Aussies a US dollar millionaire – how does NZ compare?

Australia is home to an astonishing 1.8 million millionaires after 392,000 people joined their ranks in the past 12 months, according to a report by global investment bank Credit Suisse. The rise is thanks to surging house prices – the Credit Suisse survey includes home ownership– and strongly rising equity markets, and most importantly, the […]

As India Struggles With COVID-19, High Street Retail Sees Rebound

NEW DELHI — Amid fast-changing circumstances, Indian retail has slowly been opening after months of lockdown in most states across the country as a brutal second wave of COVID-19 seems to recede even as fears grow of another variant of the deadly virus. But a side effect of the second wave is fast emerging: After […]

The Federal Reserve’s inflation gauge again jumps to the highest since 2008.

By Jeanna Smialek Inflation climbed in May at the fastest pace since 2008, as businesses reopen from their pandemic shutdown and strong consumer demand helps to propel prices higher, fueling anxiety among some economists and debate in Washington. The Personal Consumption Expenditures inflation index increased 3.9 percent in the year through May, in line with […]