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US banks expect to tighten lending standards on sector worries
US banks expect to tighten lending standards on sector worries
by  AFP

US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday. Asked about their outlook for lending standards over the rest of 2023, "banks reported expecting to tighten standards across all loan categories," the Fed said on Monday.

Virgin to launch commercial spaceflights in June
Virgin to launch commercial spaceflights in June
by  AFP

Space tourism company Virgin Galactic announced Monday that it is resuming flights with a mission this month, its first in nearly two years, and the launch of commercial trips in June. Virgin Galactic is in competition in the space tourism business with Amazon founder Jeff Bezos' Blue Origin, which also offers short suborbital flights and has sent 32 people into space.

US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study
US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study
by  AFP

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, according to research published Monday weighing potential environmental damage against the estimated price tag. In the case of the Gulf of Mexico wells, the study found that of the total $30 billion in estimated costs for plugging inactive wells, under $2 billion were in state waters.

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