Business

German Economy Strengthens in Boost to Euro Region Outlook

Analysts said the reading points to a sustained recovery, with some saying they may now need to upgrade their forecasts for economic growth in the single currency area. "This rounds out a run of data that provides evidence of building pipeline inflation pressures. This will help to build a case for European Central Bank tapering next year", said Bert Colijn at ING.

Business

Sprint and T-Mobile closing in on merger deal, reports say

T-Mobile CEO John Legere is expected to lead the combined company if there is a merger, but Softbank founder and CEO Masayoshi Son "has made it clear he wants a say in how the company is run", CNBC wrote. Other possible indications of the prospective deal include T-Mobile and Sprint seeing the political and legal climate as friendly, or more hands-off.

Business

Fed announces a start to modestly reducing its bond holdings

Trump has praised Yellen's work leading the Fed since he took office and said he was considering asking her to serve as chairwoman again. Yellen says that inflation has been below target since 2013 for a variety of factors. German equivalents DE10YT=TWEB , the benchmark for euro zone borrowing costs, fell 1.3 bps to 0.44 percent. The Fed views the job market as strengthening, but it notes that inflation is running below its 2 percent annual target.

Business

Ryanair misses pilots' deadline to improve working conditions

His apology comes as pilots continue to demand improved working conditions. However, after an intervention from the Civil Aviation Authority the airline will now have to accommodate passengers on rival airlines - if necessary. Cabin crew have also been emboldened by the dispute with pilots and are set to take advantage of Ryanair's problems to seek improvements to their own terms.

Business

SEC admits data breach, suggests illicit trading was key

The statement didn't explain the delay in the announcement, the exact date the system was breached and whether information about any specific company was targeted. "There are certain types of sensitive data that we must obtain from market participants in order to fulfill our mission", Clayton stated. However, hackers may have gotten their hands on nonpublic information.

Business

Flipkart expects 17x jump in fashion during Big Billion Days sale

The 13.3-inch 2017 model is available for Rs 49,990, with a discount of whopping Rs 27,210. "When it comes to buying a smartphone in India, there is no other destination and our customers trust us to buy the latest smartphones at the best prices", Rajagopal added.


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