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Exclusive-Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties

By David Shepardson (Reuters) -Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, and owes another $459.7 million in outstanding penalties, government documents seen by Reuters show. The penalties, paid in March and May, were disclosed by the National Highway Traffic Safety Administration …

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Boeing projects 3% hike in global airplane deliveries over next 20 years

By David Shepardson (Reuters) – U.S. planemaker Boeing raised its industry-wide annual 20-year forecast for new jetliner deliveries by 3% to 43,975, propelled by the strength of passenger demand, rising airline competition and the eventual replacement older less efficient planes. Aviation was hit hard by the pandemic that saw air travel collapse only to bounce …

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CrowdStrike chaos could prompt rethink among investors, customers

By Martin Coulter LONDON (Reuters) -American cybersecurity company CrowdStrike became a household name for all the wrong reasons on Friday, after a botched software update caused havoc around the world. The company’s stock fell more than 11% on Friday after an outage disrupted operations across multiple industries – shutting down public services, halting flights and …

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Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows

FRANKFURT (Reuters) – Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank’s 2% target by 2026%, an ECB survey showed on Friday. The ECB has overshot its target for years and jacked up interest rates to record highs last year to tame price pressures, but …

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Without backup plans, global IT outages will happen again

By James Pearson LONDON (Reuters) – Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organisations put better back-up plans in place, it will happen again. Friday’s outage was caused by an update that U.S. cybersecurity …

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LSEG data and services back up and running after outage

By Alun John, Karin Strohecker and Sinead Cruise LONDON (Reuters) – LSEG Group’s data and services were back up and running on Friday after suffering an outage earlier in the day that caused some disruption across financial markets.  A global tech outage on Friday disrupted operations in multiple industries, with airlines halting flights, some broadcasters …

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Europe’s STOXX 600 logs weekly decline as tech, resources shares weigh

By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan (Reuters) -European shares clocked weekly losses as a selloff in technology shares, some downbeat earnings along with falling commodity-linked stocks weighed, ending a tumultuous week marked by a global tech outage on Friday. The pan-European STOXX 600 index closed 0.8% lower, slipping to a more than …

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England’s health bookings system down but emergency services working, NHS says

LONDON (Reuters) – England’s National Health Service (NHS) said a global tech outage on Friday had disrupted the booking of doctors’ appointments and patient records, but emergency services had not been affected. The outage, which has been linked to cyber security firm Crowdstrike and its impact on the operation of Microsoft Windows, hit operations in …

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ECB policymakers back more rate cuts as inflation heads back to goal

FRANKFURT (Reuters) -Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB’s goal next year. The ECB held rates steady on Thursday and its president, Christine Lagarde, said its next decision on Sept. 12 was “wide open” — stopping well short of declaring …

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