Venezuela inflation slows to 7.5% m/m in July

Venezuela’s inflation slowed to 7.5% month-over-month in July, from 11.4% recorded in June, according to data released on Monday by the country’s central bank. Inflation in June caused worry when it topped double digits after nine months under that threshold, prompting President Nicolas Maduro’s administration to implement policies to curb rising prices. The government’s strategy […]

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Inflation, labour shortages to delay recovery in business travel spending – industry forecast

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labour shortages and lockdowns in China, a new industry forecast shows. The Global Business Travel Association (GBTA) said business travel spending rebounded by 5.5% to $697 […]

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Buffett’s Berkshire boosts Ally, Activision holdings; sheds Verizon

Berkshire Hathaway Inc (BRKa.N), run by billionaire Warren Buffett, has tripled its stake in online banking company Ally Financial Inc (ALLY.N) and increased its bet that “Call of Duty” video game maker Activision Blizzard Inc (ATVI.O) will be acquired by Microsoft Corp (MSFT.O). In a Monday regulatory filing describing its U.S.-listed equity investments as of […]

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