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...Many passengers only fly once a year and thus may not understand how services once included in a traditional airfare now cost extra, or how to navigate an airline’s website to find more pricing information...
...US transportation secretary Pete Buttigieg has said no grounded Boeing Max aircraft would return to service until they are safe as the plane maker’s chief executive disclosed that the blowout on a flight...
...Most other service sectors largely held up the all-economy productivity growth rate, with significant exceptions in wholesale trade and transportation/warehousing....
...Price pressures also picked up, as services companies passed on higher wage costs....
...It represents a major increase in power for Hassabis, who joined Google when it bought his start-up in 2014, and who now controls much of its AI development and product output....
...This has come as the plane maker has sought to increase its output rate and gain back market share it lost to Airbus during the grounding of the Max fleet in 2019 after Max 8 accidents....
...In European countries experiencing recessions, demand for express services fell....
...I’d be happy to share our output if it would be helpful. WhatsApp to WesPete: Of course, we’d be thrilled to have you any time....
...“Safety will continue to drive our decision-making as we assist the [National Transportation Safety Board’s] investigation into Alaska Airlines Flight 1282.”...
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Output in many industries, including IT, financial services, transportation, retail and real estate was lower in October than at the start of the year....
...There are 215 Max 9 aircraft in service globally, according to data from aviation consultancy Cirium....
...The airline said its technical operations team would fix the problem “to safely return the aircraft to service”....
...Alex Kerr, economist at consultancy Capital Economics, said the 0.5 per cent fall in gross domestic output between June and July, and the decline in the composite PMI index, which averages services and manufacturing...
...Yet the company increased output, sales soared, and shares rose past those in Toyota, topping $1tn in overall market value....
...The eurozone economy flatlined in the final quarter of last year, dragged down by a decline in German output....
...The 171 Max 9 jets grounded after the Alaska incident are expected to return to service soon....
...“Even though input prices increased at a modestly slower rate, companies were able to raise output prices even more than in previous months,” said Cyrus de la Rubia, chief economist at Hamburg Commercial...
...The further challenge for the UK (which has a resilient services sector), adds Figures, is that modern goods increasingly come bundled with services — like connected cars — which will weigh on UK trade....
...“What used to take us three weeks can take us three hours and clients currently pay on the time taken, not the output,” says S4’s Sorrell....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...“If you have higher transportation costs . . . passing through the higher fuel price to the prices of other goods and services, that would be a sign we have more work to do.”...
...especially after the country’s powerful cyber regulator released new rules demanding generated content “embody core socialist values” and stipulated that tech companies would be held responsible for the output...
...He also draws a distinction between companies that go bust when they can’t pay interest, and businesses that march on as long as output is greater than the cost of labour and maintenance....
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