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David Mchugh

David Mchugh

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Why Airbus won't expand its lead on Boeing even as its biggest rival stumbles

Airbus already is making planes as fast as it can and has a backlog of more than 8,600 orders to fill.

06.05.2024 20

Fortune

David Mchugh

European Central Bank declines to cut rates because ‘domestic price pressures are strong and are keeping services price inflation high’

But President Christine Lagarde also suggested a rate cut was now on the table, saying that it could be "appropriate to reduce the current level of...

11.04.2024 10

Fortune

David Mchugh

Inflation that squeezed European shoppers fell more than expected in March to 2.4%, as grocery cost spikes eased

But analysts say the decline from 2.6% in February, though welcome, would likely not be enough to move up the first interest rate cut from the ECB.

03.04.2024 60

Fortune

David Mchugh

Putin’s inconvenient truth for the west: Despite 7% inflation, Russia’s economy is a ‘big and resilient animal

Unemployment is low, and the IMF sees Russia's economy growing 2.6% this year, versus just 0.9% for the Eurozone.

12.03.2024 8

Fortune

David Mchugh

Europe is losing hope of a spring rate cut even with inflation far off peak

There likely won't be an interest rate cut at the European Central Bank's meeting Thursday.

07.03.2024 20

Fortune

David Mchugh

European inflation has now fallen from its 10.6% peak after the Russian invasion of Ukraine to just 2.6%

Prices spiked after Russia cut off most supplies of natural gas to Europe, sending energy prices through the roof.

01.03.2024 10

Fortune

David Mchugh

Germany just slashed its growth forecast, saying 'the economy is in troubled waters'

Germany's economy shrank 0.3% last year and it now sees anemic growth of just 0.2% for 2024, Vice Chancellor Robert Habeck said.

21.02.2024 40

Fortune

David Mchugh

Europe reports economic growth rate of zero for the last 3 months of 2023

The zero growth figure follows a 0.1% contraction in the three months before that, according to figures released by the EU's Eurostat.

30.01.2024 20

Fortune

David Mchugh

Sputtering European economy seen pushing ECB head Christine Lagarde to resist rate cuts—for now

Lagarde has said the benchmark rate will need to stay at a record high for “as long as necessary” to unequivocally squelch inflation.

25.01.2024 6

Fortune

David Mchugh

Adidas still has $320M of unsold Yeezy shoes after breaking with Kanye over antisemitic comments and is considering writing them off: ‘That is financially the worst case’

The shoe and sports clothing company cut ties with the rapper, now known as Ye, in October 2022 after he made antisemitic remarks online.

08.11.2023 2

Fortune

David Mchugh

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