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US judge blocks JetBlue-Spirit airline merger
US judge blocks JetBlue-Spirit airline merger
Business and Economy
by  AFP

A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares," the judge added.

US Fed 'within striking distance' of inflation target: official
US Fed 'within striking distance' of inflation target: official
Business and Economy
by  AFP

The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday. "As long as inflation doesn't rebound and stay elevated, I believe the FOMC will be able to lower the target range for the federal funds rate this year," he continued.