• Reuters

    UK court decides $10 billion jet dispute to be heard in London, not Moscow

    A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather than Moscow, London's High Court ruled on Thursday. Aircraft lessors, including Ireland's AerCap and U.S.-listed Carlyle Aviation Partners, are pursuing insurers for financial losses after Russia's invasion of Ukraine grounded their jets in Russia. The lessors argued the legal case should be heard in London rather than Moscow, to avoid the risk of unfair hearings or inconsistent judgments.

  • The Canadian Press

    US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

    WASHINGTON (AP) — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy grew at a 3.2% annual rate last quarter. The Commerce Department’s revised measure of the nation’s gross domestic product — the total output of goods and services — confirmed that the economy decelerated from its sizzling 4.9% rate of expansion in the July-September quarte

  • The Telegraph

    Lawmakers should ‘come down on estate agents like a ton of bricks’, Lords say

    Calls for a new regulator to “come down like a ton of bricks” on cowboy estate agents have been renewed by a lords committee.