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02 Jun

Exclusive-Frontier to offer break-up fee in acquisition of Spirit Airlines -sources

NEW YORK (Reuters) -Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thursday.

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02 Jun

White House weighs oil profits tax to fund consumer rebate

WASHINGTON (Reuters) -The White House is considering congressional proposals that could tax oil and gas producers' profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday.

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02 Jun

Groups urge U.S. to probe 'loot box' on Electronic Arts video game

Consumer advocates on Thursday urged U.S. regulators to investigate video game maker Electronic Arts Inc for the misleading use of a digital "loot box" that "aggressively" urges players to spend more money while playing a popular soccer game.

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02 Jun

White House weighing oil profits tax to fund consumer rebate, official says

WASHINGTON (Reuters) -The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday.

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02 Jun

RBI to go fast with rate hikes this year, slow the next- Reuters Poll

The Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle, according to a Reuters poll of economists who expect the repo rate to reach its terminal level early next year.

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02 Jun

White House considering proposal to tax oil and gas windfall profits, official says

The White House is looking at and considering a U.S. congressional proposal to tax oil and gas windfall profits, Bharat Ramamurti, deputy director of the National Economic Council, said on Thursday during a Roosevelt Institute panel.

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02 Jun

Zara owner Inditex set to benefit from higher prices

Fashion giant Zara's owner Inditex is expected to report bumper first-quarter earnings next week, benefiting from raising prices more than rivals without damaging its sales, analysts said.

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  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
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