Tag: Recessions and depressions
Debt-stricken Sri Lanka marks independence day as new president pledges to rebuild the country
Debt-stricken Sri Lanka has marked its 77th independence anniversary with a military parade, while the country’s newly elected president, Anura Kumara Dissanayake, pledged...
Wall Street expects airlines to climb higher in 2025 amid solid passenger demand
NEW YORK -- Airlines expect a strong tailwind from travel demand in 2025, even as the industry faces a capacity crunch.United Airlines, Delta...
Frontier makes a second bid for Spirit with budget airlines struggling
NEW YORK -- Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late...
Why is Spain considering a 100% tax on homes bought by non-EU residents?
MADRID -- Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties...
US Justice Department accuses six major landlords of scheming to keep rents high
DENVER -- The U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high by using both an...
Zimbabwe's new currency woes hit traditional stores while illegal night bazaars flourish
HARARE, Zimbabwe -- Batsirai Pabwe picked detergents, toothpaste, snacks and some pasta among several grocery items spread on the tarmac of a car...