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LONDON — Inflation in the U.K. may have come in directly on the Bank of England's 2% target in the last two readings, but that still may not have given the central bank enough confidence to reduce interest rates this week.
For only the second time in nearly two decades, Japan’s central bank on Wednesday raised interest rates, a move that could help bolster the country’s ailing currency and ease the burden of consumers paying more for imported essentials like food and energy.
TOKYO (AP) — The Bank of Japan raised its key interest rate Wednesday to about 0.25% from zero to about 0.1%, acting to curb the yen’s slide against the U.S. dollar.
WELLINGTON, New Zealand (AP) — Air New Zealand scrapped its 2030 carbon emissions reduction targets on Tuesday, citing lags in producing new planes, a lack of alternative fuel and “challenging” regulatory and policy settings.
Not long after an explosion hit a southern suburb in Beirut, Lebanon, last night, Israel said that it had targeted a Hezbollah commander whom it blamed for a strike on the Israeli-controlled Golan Heights over the weekend.
Air New Zealand on Tuesday dropped its 2030 climate goal, citing delivery delays of fuel-efficient aircraft and the affordability of alternative jet fuels.
FARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year's biggest air show. The focus instead was on struggles at Boeing and Airbus to ramp up airplane production while battling a hangover from the pandemic that was marked by seesawing output.