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Aerospace And Defense

FILE PHOTO: FILE PHOTO: U.S. one dollar banknotes are seen in front of...

Take Five: A trillion-dollar problem

It's tough being the Swiss National Bank: After months of battling safe-haven inflows, markets want to know what the SNB will do with its 914 billion-Swiss franc ($984 billion) foreign exchange pile at its March 25 meeting.

FILE PHOTO: A woman on Porto Katsiki beach on the island of Lefkada, Greece

Analysis: Europe's COVID-19 setbacks risk another summer travel washout

Europe's airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly challenged by a hobbled COVID-19 vaccine rollout, resurgent infections and new lockdowns. Airline and travel stocks fell on Friday after Paris and much of northern France shut down for a month, days after Italy introduced stiff business and movement curbs for most of the country including Rome and Milan. The setbacks hit recovery prospects for the crucial peak season, whose profits typically tide airlines through winter, when most carriers lose money even in good times.

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