Economy

US judge blocks JetBlue-Spirit airline merger
US judge blocks JetBlue-Spirit airline merger

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

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.

Ryanair boss says reassured by Boeing on 737 MAX safety
Ryanair boss says reassured by Boeing on 737 MAX safety

Ryanair on Tuesday welcomed improved quality controls at US aircraft manufacturer Boeing and announced its own enhanced checks, after a major safety issue. "We have seen a marked improvement in the quality of the aircraft deliveries."

Nespresso 'capsule war' grinds on with Swiss lawsuit
Nespresso 'capsule war' grinds on with Swiss lawsuit

A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from Nespresso after the failure of a company that tried to offer a more sustainable alternative to the aluminium capsules sold by the coffee-pod maker.

Missile hits cargo ship off Yemen: maritime risk company
Missile hits cargo ship off Yemen: maritime risk company

A missile hit a Greek-owned cargo ship off Yemen, a maritime risk management company said on Tuesday, following a string of attacks in the Red Sea by the Huthi rebels. On Sunday, US forces shot down a Huthi cruise missile targeting an American destroyer, and on Monday a US-owned cargo ship in the Gulf of Oman was hit by another rebel missile.