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Under China's unbending virus controls, anyone found positive must be isolated from non-infected people

China's Widening COVID Curbs Exact Mounting Economic Toll

China's top European business group warned on Wednesday that its "zero-COVID" strategy was harming the attractiveness of Shanghai as a financial hub, echoing analysts voicing caution over the mounting economic toll of the country's coronavirus curbs.
A JetBlue aeroplane is seen at JFK International Airport in the Queens borough of New York City, New York, U.S., August 11, 2021.

JetBlue, Frontier Each Make Case For Spirit Takeover

JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying the company is "highly confident" of securing regulatory approval for the deal.
A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 6, 2022.

S&P 500 Ends Lower After Fed Minutes

The benchmark S&P 500 fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve's March meeting sharpened investors' focus on the U.S.
A 3D-printed logo of Microsoft is seen in front of a displayed LinkedIn logo in this illustration taken June 13, 2016.

AI Is Explaining Itself To Humans. And It's Paying Off

Microsoft Corp's LinkedIn boosted subscription revenue by 8% after arming its sales team with artificial intelligence software that not only predicts clients at risk of canceling, but also explains how it arrived at its conclusion.
A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012.

Carlyle Raises $4.6 Billion For Second Credit Fund

Carlyle Group Inc said on Wednesday it has raised $4.6 billion for its second credit fund that provides debt financing to companies, including family-owned businesses and private equity-backed firms.
A climate activist displays a poster during a protest of Campax and Collective Climate Justice ahead of a UBS general shareholder meeting in Zurich, Switzerland April 6, 2022.

UBS Shareholders Back Bank's Climate Roadmap

UBS shareholders on Wednesday approved the bank's climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough.

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