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Nike on Thursday said it would cut around 1,400 jobs in its global operations, the latest efforts to shrink staff as the sneaker-maker's turnaround efforts remain in flux and as it tries to bring new products to shelves more quickly.
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Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
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