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JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing…

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Britain's unexpected inflation increase in December is unlikely to worry the…

Inflation across the increased unexpectedly last month as a result of sharp hikes in tobacco and alcohol prices, according to official figures released Wednesday. Economists said it was unlikely to prompt concern at the Bank of England, which recently ended nearly two years of interest rate increases. The Office for National Statistics said inflation, as measured by the consumer prices index, was 4% in December, up from 3.9% the month before, the first increase in 10 months. Most economists had expected the rate to edge lower to 3.8%. Despite the increase, inflation remains sharply lower at the end of 2023 than at the start of last…

Davos day two: Rachel Reeves pitches to CEOs; Blinken, Guterres, Macron and…

Key events 22m ago Blinken speaks at Davos 1h ago On US election, Lagarde says Europeans must be strong 2h ago UK inflation rises to 4% 2h ago Tax our wealth, super-rich tell politicians at Davos 2h ago Greens push for wealth tax on the super rich 2h ago Introduction: Rachel Reeves pitches business leaders in Davos Filters BETA Key events (6) Davos (6) US (4) Middle East (3) Antony Blinken (3) 5m ago 04.41 EST Blinken at Davos: At Camp David summit, Palestinians criticized for not doing enough to prepare people for two-state solution "The question now is, is Israeli society prepared to engage on these questions?" pic.twitter.com…

JetBlue’s $3.8 Billion Buyout of Spirit Airlines Is Blocked by Judge Citing…

DALLAS—A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department had sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. U.S. District Judge William Young, who presided over a non-jury trial last year, said Tuesday that the government had proven that the merger “would substantially lessen competition” and violated a century-old antitrust law. In his ruling, which ran more than 100 pages, the judge gave a nod to the Justice…

China’s GDP Grew in 2023, but Economic Strains Lurk - The New York Times