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...Among the 18 approved processors were chips from Huawei and state-backed group Phytium. Both are on Washington’s export blacklist....
...Five US carriers have raised bag fees by $5 in the past two months, starting with Alaska Airlines and JetBlue Airways in January and February, then American Airlines, United Airlines and Delta in a two-week...
...British Airways owner International Airlines Group has reported record annual profits as it cashed in on “sustained” demand for leisure travel at high prices, including from holidaymakers filling business...
...US market....
...A US federal judge has blocked JetBlue Airways’ proposed $3.8bn acquisition of Spirit Airlines, in a victory for the Biden administration’s top antitrust enforcer at the Department of Justice....
...Global airline groups, including British Airways owner IAG, have also reported strong profits in the past few weeks, as airfares remain higher than pre-pandemic levels....
...Others, such as Sweaty Betty, now owned by US shoe group Wolverine Worldwide, have been acquired....
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...More importantly, Trump Media & Technology Group rose another 14 per cent, right after we wrote that it looked a bit overvalued. Unhedged’s record as a contrarian indicator remains spotless....
...Need to know: business Novo Nordisk announced a €1bn deal for a German biotech developing therapies to treat heart disease, as the Danish group seeks to branch out from its blockbuster diabetes and weight...
...There has also been a push from consumer groups and airports to stop the wave of consolidation, amid questions over whether airline takeovers in the US have benefited consumers....
...Epic largely lost a high-profile legal case against Apple in the US....
...The former US president faces a pile-up of legal and financial woes ahead of what is expected to be the most expensive presidential election campaign in US history....
...Bigger US prizes down the line include Nvidia-backed software group Databricks, valued at $43bn in a funding round last year and payments group Stripe, worth about $50bn....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...Email us your chocolate alternatives: robert.armstrong@ft.com and ethan.wu@ft.com....
...The US Securities and Exchange Commission is seeking $2bn in penalties from Ripple Labs after a US federal court found the cryptocurrency group had violated securities laws by improperly selling some tokens...
...CME Group said it will apply to clear US Treasuries, becoming the first exchange company to publicly state its ambitions to grab a lucrative slice of the world’s biggest bond market....
...But we remain curious, and this one seems to have gotten some attention, so do let us know off-record if you’ve run across it . . ....
...It is “a big obstacle” for Ethiopian Airlines and affects “nearly all African airlines” who are not able to expand their services, Ethiopian Airlines Group chief executive Mesfin Tasew told the Financial...
...DD will be there, so rustle up a team of up to six and see if you have what it takes to beat us. Details here....
...Policy risks in other sectors are rising too, from Joe Biden as well as Trump; just look at US Steel....
...Solidatus’ clients currently include banks Citi and HSBC, which are also investors in the group. It has begun to expand outside Europe, opening a US base in 2022....
...The Shenzhen-based group, which is also one of the world’s biggest battery makers, has been one of the main beneficiaries of a bruising price war that punished European, Japanese and US carmakers....
...The agricultural products group Archer Daniels Midland, which put its chief financial officer on leave in January while it investigated accounting practices at its food ingredients business, said on Friday...
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