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US airline JetBlue announces $3.8 bn acquisition of Spirit

US airline JetBlue announces $3.8 bn acquisition of Spirit

JetBlue Airways plans to acquire low-price carrier Spirit Airlines for $3.8 billion, the companies announced Thursday, in what would establish the fifth largest US airline.

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Volkswagen 'confident' despite global headwinds

Volkswagen 'confident' despite global headwinds

German auto giant Volkswagen said Thursday that it was able to overcome global economic headwinds and supply chain issues to put in a "robust" performance in the first six months of 2022.

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Saudi prince stays in 'world's most expensive home' during Paris trip

Saudi prince stays in 'world's most expensive home' during Paris trip

During his trip to France to meet President Emmanuel Macron, Saudi Arabia's Crown Prince Mohammed bin Salman is staying at a lavish chateau dubbed "the world's most expensive home" when he purchased it in 2015.

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Tension on Taiwan, trade hangs over new Biden-Xi phone call

Tension on Taiwan, trade hangs over new Biden-Xi phone call

President Joe Biden and Chinese counterpart Xi Jinping were set to talk Thursday, amid questions over whether their long distance exchanges can defuse mounting tensions around Taiwan and trade.

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Europe equities subdued after post-Fed surge on Wall Street

Europe equities subdued after post-Fed surge on Wall Street

European stock markets ran out of steam Thursday as investors digested another hefty Federal Reserve interest rate hike and awaited vital US economic growth data and key results from big-hitters Amazon and Apple.

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In energy-starved South Africa, whites-only town basks in solar power

In energy-starved South Africa, whites-only town basks in solar power

Most of South Africa is wallowing in endless power cuts, but a remote whites-only farming town in the country's sun-drenched centre is close to producing enough electricity to be self-sufficient.

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China's industry minister faces corruption probe

China's industry minister faces corruption probe

China's minister for industry and information technology is being investigated for alleged corruption, state media reported Thursday, the latest senior cadre to be snared by Beijing's sweeping crackdown.

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Four-time world champion Vettel to retire from F1

Four-time world champion Vettel to retire from F1

Four-time Formula One world champion Sebastian Vettel will retire at the end of the 2022 season, he announced on Thursday.

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Jayasuriya stars again as Sri Lanka thrash Pakistan to level series

Jayasuriya stars again as Sri Lanka thrash Pakistan to level series

Spinner Prabath Jayasuriya grabbed another five-wicket haul as Sri Lanka thumped Pakistan by 246 runs in the second Test to end the series 1-1 on Thursday.

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Three foreign climbers feared dead on Pakistani peaks

Three foreign climbers feared dead on Pakistani peaks

Three foreign climbers are missing and feared dead on Pakistan's treacherous Karakorum mountain range in the country's far north, an official said Thursday.

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