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Two years ago, dozens of Airbus A380s set course for storage in sites from rural France to the Gulf as the outbreak of COVID-19 accelerated the demise of the world’s largest jets.Now, the iconic European double-decker is gaining a new…

Decades-high inflation and the fallout from the Ukraine crisis have pressured many companies across the globe to consider laying off people or put a freeze on hiring.Following is a list of companies that have announced layoffs or frozen…

Kellogg Co on Tuesday became the latest U.S. corporation to announce a splitting of its business. The company said it would spin off its North American cereal and plant-based foods divisions to focus on expanding its snack…

Oil prices wobbled early on Monday as investors refocused on tight supplies, though sentiment was still fragile after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand.Brent crude futures…

U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid shortages, and record high gasoline prices pulled spending away from other goods.Retail sales dropped 0.3% last month, the Commerce Department said on…

Confidence among U.S. single-family homebuilders dropped to a two-year low in June as high inflation and rising mortgage rates reduced affordability for entry-level and first-time buyers, a survey showed on Wednesday.The National…

The S&P 500 index, the most closely followed benchmark for U.S. equities on Wall Street, has slid this year as inflation jumped to its highest rate in 40-years.On Monday, a steep selloff triggered by fears that the Federal Reserve…

Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters.Ukraine,…

U.S. producer prices increased solidly in May amid a surge in the cost of energy products, suggesting inflation could remain elevated for a while.The producer price index for final demand rose 0.8% last month after advancing 0.4% in…

The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with recession.Worries that a hawkish Federal Reserve will hurt U.S. growth as it attempts to tame inflation has…