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A production slowdown at aircraft maker Boeing after problems emerged in its 737 Max line is starting to impact airports, with Southwest Airlines recently announcing it is ending operations at three U.S. locations and cutting service in others.  While the move is not raising immediate credit concerns for affected airports, analysts are keeping an eye
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nintendo’s flagship Nintendo Switch has rewritten game console history. Until the Switch’s launch in 2017, the life cycle of a gaming console was typically about five years. Going into the eighth year since its launch,
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Citing Arkansas’ “financial resiliency,” S&P Global Ratings revised the outlook on the state’s AA general obligation bond rating to positive from stable. The rating agency’s action Thursday came ahead of the state’s sale of about $30 million of water, waste disposal and pollution abatement facilities GO bonds. “S&P’s improved outlook for the state from ‘stable’
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Germany’s main opposition party leader has said Berlin and Brussels are partly to blame for Brexit because they were unwilling to offer the UK real concessions before its pivotal EU referendum in 2016. Friedrich Merz, head of the centre-right Christian Democrats, stopped short of naming Angela Merkel but implied the former chancellor could have done
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Every year, St James’s Place, which over the last three decades has become one of the UK’s most successful financial services companies, organises a glitzy show for its thousands of investment advisers. Guest speakers have included Bill Clinton, Bob Geldof and David Beckham, while top-performing advisers were paraded onstage to huge cheers from their colleagues at
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has carried out night air strikes on Rafah and said a ceasefire proposal accepted by Hamas fell “far from Israel’s necessary requirement”, as international mediators and officials struggled to continue talks to halt fighting
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese conglomerate SoftBank is leading an investment of more than $1bn into UK self-driving car start-up Wayve, marking Europe’s largest artificial intelligence deal to date. The funding round, which also includes Nvidia and existing investor
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The personal details of UK military personnel have been targeted in a cyber attack by a hostile state, the British government is expected to announce on Tuesday. The Chinese state is suspected of being behind
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Data analytics group Palantir lifted its full-year outlook after a forecast-beating first quarter, although not by as much as Wall Street expected. The company forecast full-year revenue between $2.68bn and $2.69bn, which was slightly higher than its previous estimate, but below consensus expectations for $2.71bn, according to a LSEG poll. Its projection for revenue of
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US aviation safety regulators have opened their second investigation into Boeing this year, after the company revealed falsified inspection records for some of its 787 Dreamliner aircraft. The Federal Aviation Administration’s probe will add to
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global trade growth is set to more than double this year as inflation eases and a booming US economy helps to drive activity, according to international bodies. The OECD, IMF and World Trade Organization are
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Although New York Federal Reserve Bank President John Williams didn’t shed much light on the timing of federal interest rate cuts during a fireside chat at Milken Institute’s Global conference in Beverly Hills on Monday, he did offer some insight into his thinking. Amid stubbornly high inflation, the Federal Reserve reiterated in its post-meeting statement
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Municipals improved Monday in constructive secondary trading as investors await the larger new-issue slate. U.S. Treasuries were mixed while equities made gains. Triple-A curves saw yields fall two to three basis points while USTs were a touch weaker on the short end and a bit firmer out long. The two-year muni-to-Treasury ratio Monday was at
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