English Breakfast Becomes Cheaper as Food Inflation Slackens
The cost of a full English breakfast fell for the third time in five months as food inflation slowly eases for UK consumers.
The cost of a full English breakfast fell for the third time in five months as food inflation slowly eases for UK consumers.
When ballet dancers wore Burberry-designed costumes at a performance earlier this year, it was a clue to Lloyd Dorfman’s plan to save the Royal Opera House from financial ruin: get luxury brands to pay for an association with the Covent Garden palace.
Two out-of-production Airbus SE and Boeing Co. jet series have become hot commodities, with plane values and monthly lease rates soaring for airlines fortunate enough to procure the aircraft.
Hong Kong-based Greater Bay Airlines Co. plans to expand its route network into mainland China next year, belatedly entering an essential market after the country remained off limits during the Covid pandemic.
A selloff in Asian shares deepened, as investors fretted over higher Treasury yields and escalating tensions in the Middle East.
China’s latest economic data put the government’s growth goal of about 5% well within reach and lessened the likelihood for more stimulus before the end of 2023. But the ongoing housing crisis remains a serious drag, worsening the outlook heading into next year.
China’s regional banks could incur a capital hit of 2.2 trillion yuan ($301 billion) from a growing debt crisis in the nation’s local governments, according to S&P Global Ratings.
Oil fell from a two-week high as traders tracked tensions in the Middle East and the US eased some crude sanctions against Venezuela.
Chinese investors offloaded the most US bonds and stocks in four years in August, fueling speculation the authorities may have moved to beef up their war chest to defend a weakening yuan.
OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation, according to people with knowledge of the matter.