JPMorgan Asset Management (JPMAM) has decided to exit the Net Zero Asset Managers (NZAM) initiative, citing a pause in January amidst developments in the regulatory environment and client […]
Economy
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Heathrow Airport Closes After Fire Causes Major Power Outage
Heathrow Airport announced its closure until 11:59 p.m. local time due to a fire that caused a major power outage. The airport handles approximately 1,300 flights daily. A […]
Economy
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China’s Criticism of Hutchison Deal Raises Stakes for US TikTok Sale
The criticism of the deal, including the sale of assets near the Panama Canal to a BlackRock-led consortium, will sharpen the scrutiny of a possible sale of the […]
Economy
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Heathrow Airport Closes Entire Friday Due to Fire-Induced Power Outage
One of the world’s busiest airports, London Heathrow Airport (LHR), will remain closed throughout Friday following a fire that caused a significant power outage. The airport announced on […]
Economy
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Preliminary Report on Toronto Plane Crash Indicates Landing Gear Failure
According to a preliminary report from Canada’s Transportation Safety Board, a Delta Air Lines regional jet experienced a landing gear support failure as it landed at Toronto Pearson […]
Economy
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Global travel disruption after Heathrow Airport shuts down over power outage caused by fire
London’s Heathrow Airport announced a complete shutdown all day Friday due to a significant power outage caused by a nearby fire. This has led to massive disruption at […]
Economy
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Heathrow Airport Closes Due to Fire-Induced Power Outage
London’s Heathrow Airport has announced a complete shutdown for all of Friday due to a ‘significant power outage’ caused by a large fire at an electrical substation nearby. […]
Economy
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Tariff Risks Constrain Both Trump and Powell’s Economic Strategies
President Donald Trump and Federal Reserve Chairman Jerome Powell acknowledged the potential impact of tariffs on the U.S. economy, adopting stances that contrasted with their earlier positions. Following […]
Economy
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Jerome Powell insists pain from tariffs will be ‘transitory’
Federal Reserve Chair Jerome Powell reiterated his stance that the economic pain caused by tariffs would be ‘transitory.’ In a recent statement, Powell mentioned that the projected impact […]
Economy
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FedEx Warns of U.S. Economic Challenges Amid Revenue Forecast Cut
FedEx has become the latest company to issue a warning regarding the U.S. economy. The company has cut its full-year revenue forecast due to challenges in replacing a […]