Looking for company a week

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The Federal Reserve left interest rates on hold at its latest meeting, though there was a perceptible shift in the mood music. The US economy is recovering from the pandemic more quickly than had been thought. Inflationary pressures are increasing as economies return to business.

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A big factor driving inflation is rising energy costs. America and the EU reached a deal to end their year dispute over subsidies for Boeing and Airbus. Tit-for-tat tariffs will be suspended for five years while both sides work out an arrangement to limit subsidies and discuss other issues, such as funding to develop new aircraft.

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The most ambitious overhaul of antitrust law in decades would affect all firms, but is directed at Apple, Amazon, Facebook and Google. The bills face a long journey through Congress. Big tech companies are to face a formidable foe at the Federal Trade Commission, where Lina Khan has been appointed chairwoman.

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Just 32 years old, Ms Khan is a professor at Columbia University Law School and has written extensively on reforming antitrust law. She was a counsel to the congressional committee that drafted a report forming the basis of the bills in the House. Satya Nadella took on the role of chairman at Microsoft in addition to his job as chief executive, the first time that both roles have been combined since Bill Gates was in charge. With international travel almost at a standstill because of the pandemic the airline carried just 6.

The government of Dubai will continue to support the company, which has shed almost a third of its workforce since the start of the crisis. Britain struck a free-trade deal with Australiathe first agreement negotiated from scratch by the British government since Brexit. British farmers are worried that their market will be swamped by cheaper goods from Down Under. They will be protected by a cap on tariff-free imports for 15 years.

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Bankers in America are being pressed to return to the office after a year of remote working. James Gorman, the boss of Morgan Stanley, told staff that if they felt comfortable visiting a restaurant in New York then they should also come back to the office. Goldman Sachs has taken the toughest approach, ordering all its employees back to their desks.

This article appeared in the The world this week section of the print edition under the headline "Business this week".

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The world this week Jun 19th edition. Reuse this content The Trust Project.

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The Economist today. up.

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