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Qantas names Vanessa Hudson as first female chief executive
Qantas names Vanessa Hudson as first female chief executive
by  AFP

Australia's Qantas Group named Vanessa Hudson as its first female chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce. Hudson, who has been in Qantas' executive ranks for nearly three decades, will remain in her role as chief financial officer until then, the airline group said.

US may risk debt default 'as early as June 1': Yellen
US may risk debt default 'as early as June 1': Yellen
by  AFP

The United States could run out of funds to pay its debt obligations -- triggering a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.

Relief at First Republic sale, but US banks still face pressure
Relief at First Republic sale, but US banks still face pressure
by  AFP

JPMorgan Chase's takeover of First Republic resolved the fate of the last major bank caught up in recent upheaval, but the sector still faces a weakening economy and challenges from higher interest rates. "This deal does not change the rates, recession, and regulatory headwinds that regional banks are facing," UBS said.

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