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Riots in France have already cost businesses more than $1 billion

Just weeks after hugely disruptive protests and strikes over pension reforms in France finally died down, businesses in the country are grappling with the fallout from a week of rioting. The riots, which were sparked by the fatal shooting of a teenager by a police officer last Tuesday, have already caused more than €1 billion …

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WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines – Business News

WestJet closes Sunwing deal The Canadian Press – May 1, 2023 / 9:15 am | Stories: 424375 Photo: The Canadian Press The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year. The company says that, initially, the airlines will continue independent operations. …

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Food storage brand Tupperware warns it could go out of business

Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops. In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue …

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Tesla sales rise 36% in first quarter, following price cuts – Business News

Tesla sales rise 36% Tom Krisher, The Associated Press- Apr 2, 2023 / 9:47 am | Stories: 419217 Photo: The Canadian Press Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand. The electric car, SUV and heavy truck maker said it delivered 422,875 vehicles worldwide from …

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Oil prices: Brent crude, WTI surge after OPEC producers announce production cuts

Hong Kong/Atlanta/London CNN — Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global benchmark, jumped 5.31% to $84.13 a barrel, while WTI, the US benchmark, rose 5.48% to $79.83. Both were the sharpest price rises in almost a year. The oil prices sunk as low as …

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Electricity bills may continue to shock you even as overall inflation eases. Here’s why.

While price hikes for gas, furniture, electronics and clothes are slowing down after a long stretch of sharp gains, one costly item isn’t expected to get cheaper anytime soon: electricity. Economists say consumers should expect their electric bills to continue rising at a fast pace as liquefied natural gas, a key fuel for generating electricity, …

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