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Global stock markets experienced significant declines following disappointing US inflation data and mounting concerns about debt levels in the AI sector, triggering selloffs across technology and semiconductor stocks.
JetBlue launched BlueFirst, a new domestic first-class product now available for booking on more than 30 routes, with introductory fares starting at $249.
Europe’s struggling automotive industry is increasingly turning to military vehicle production as a potential lifeline, with major manufacturers like Ford, Renault, and Volkswagen pivoting toward defense contracts amid declining civilian car sales.
Starbucks has reportedly explored acquiring Chipotle Mexican Grill, with analysts split on whether the megadeal would benefit both companies operationally and financially.
The UK competition watchdog fined Wayfair £4.8m, Appliances Direct £1.2m, and Gold’s Gym £45,000 for misleading sales tactics, with £440,000 in customer refunds ordered.
The IMF has praised the UK’s plans to reduce annual borrowing, distinguishing it favorably from other G7 nations and signaling implications for the upcoming Budget strategy.
