BUSINESS & MARKETS news to keep you up to speed with what is happing around the world!
A. European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation, sources told Reuters.
B. Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, as Moscow moves away from the U.S. dollar to insulate itself from the effects of Western sanctions.
C. SAS and pilot unions have reached a wage deal, ending a 15-day strike over a new collective bargaining agreement that had grounded 3,700 flights and put the Scandinavian airline’s future in doubt.
D. The U.S. Department of Defense agreed with Lockheed Martin to build about 375 F-35 fighter jets over three years, amid expectations the price of the most common version of the aircraft would increase due to inflation and slower production.
E. From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. We look at how China became ground zero for the global shortage.
F. If you’re waiting for a bitcoin recovery, you may have to sweat it out for months. That’s the conclusion of some technical specialists seeking method from the madness.
Source: Reuters
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