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In a move to resolve a reputational crisis that has plagued the airline, Qantas Airways has agreed to pay A$120 million ($79 million) to settle a lawsuit brought by regulators over the sale of tickets for flights that had already been cancelled. The settlement includes a payment of A$20 million to more than 86,000 affected
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Westpac, one of Australia’s leading banks, recently announced an increase in its share repurchase program by A$1 billion. In addition to this, the bank also declared a special dividend, citing a strong balance sheet despite a 16% fall in its first-half profit. The decline in profit was attributed to tight competition and high costs in
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U.S. stock index futures saw an increase in evening trading following a session on Wall Street. The weaker-than-expected labor data sparked optimism among investors, leading to speculation about a potential rate cut in September. The positive sentiment was further bolstered by strong earnings reports, particularly from tech giant Apple Inc. The release of softer-than-expected nonfarm
In a move to protect their own manufacturers, the European Union has initiated investigations into China’s procurement practices regarding medical devices. This is just one of many probes that the EU has launched to prevent unfair competition and market distortion. The European Commission has launched a probe into Chinese public procurement of medical devices, marking
The recent success of A24’s “I Saw The TV Glow” marks a significant turning point in the specialty market, providing a glimmer of hope after a lackluster April. Jane Schoenbrun’s ’90s era trans coming-of-age horror-thriller made an impressive debut, grossing $116.3k at four theaters in New York and LA. With a per screen average of
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When it comes to investing in dividend-paying stocks, Chord Energy (CHRD) stands out as a promising option. As an oil and gas operator in the Williston Basin, Chord Energy recently declared a base-plus-variable cash dividend of $3.25 per share. This move has caught the attention of analysts, such as Siebert Williams Shank’s Gabriele Sorbara, who
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The recent Beijing auto show showcased the intense competition in China’s car market, with a significant number of visitors and car launches. Investment analysts are closely monitoring potential winners in this highly competitive market, as more than 170 brands operate in China, creating oversaturation and fierce competition. This market is currently transitioning from internal combustion
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