Stable inflation outlook with oil risks – UOB

UOB’s Enrico Tanuwidjaja and Vincentius Ming Shen note Indonesia’s April inflation slowed to 2.42% year-on-year, below expectations but within Bank Indonesia’s (BI) target. They highlight post-holiday normalization, contained energy inflation thanks to subsidized fuel, and steady core inflation. They see upside risks from higher global Oil prices but expect Bank…

DOJ sues Minnesota over climate lawsuit targeting energy companies

The Justice Department filed a complaint against Minnesota on Monday over the state’s climate lawsuit against energy companies, arguing the case improperly attempts to regulate global greenhouse gas emissions and override federal authority. The complaint, filed in the U.S. District Court for the District of Minnesota, seeks to block enforcement of Minnesota’s state court lawsuit, which DOJ officials say burdens domestic energy development and conflicts with federal law.The department said the filing advances President Donald…

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United Airlines flight hits pole and truck while landing at Newark

A United Airlines international flight struck a light pole and tractor trailer while approaching Newark Liberty International Airport on Sunday, injuring a truck driver on the ground, authorities said. Flight 169, traveling from Venice, Italy to New Jersey, made contact with the pole during its descent at around 2 p.m.,…

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