Business and Economy

Business and Economy Latest News

US inflation eases in January but kept high on rent and energy costs
US inflation eases in January but kept high on rent and energy costs
by  AFP

Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, with the slight easing signaling that policymakers' battle is not over. But even as the consumer price index (CPI), an important inflation gauge, eases from last year's decades-high levels, the numbers point to some stickier areas.

EU approves 2035 ban on new fossil fuel car sales
EU approves 2035 ban on new fossil fuel car sales
by  AFP

The European Parliament on Tuesday gave its final approval to a ban on new sales of carbon-emitting petrol and diesel cars by 2035, with a view to getting them off the continent's roads by mid-century. In practice, in the final legislation, this means a halt to sales of new petrol and diesel cars, light commercial vehicles and hybrids in the bloc by that date, in favour of all-electric vehicles.

Air India to buy 250 Airbus planes in 'historic' deal
Air India to buy 250 Airbus planes in 'historic' deal
by  AFP

Air India will buy 250 Airbus planes in a deal aimed at transforming the former national carrier, it said Tuesday, after decades as a monumental burden on the public purse. But by the end of the century, the venture was struggling to compete with Gulf carriers and no-frills airlines, starved of investment and racking up billions of dollars in losses that dragged on the public purse.

Energy

Money

Industry

Technology

Economy