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Airfares hit $1,000 as British tourists rush to leave Portugal

Bloomberg UK tourists scrambled to return from Portugal before a quarantine requirement kicks in on Tuesday, driving up ticket prices as travellers rearranged flights ahead of the deadline. A three-hour British Airways flight from Faro, in the popular Algarve region, to London City airport on Monday night costs $1,000, according to Skyscanner. The following day, when passengers will be subject ...

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Labour unions protest Breeze Airways approval

Bloomberg Labour unions have asked the federal government to review its approval of Breeze Airways to operate in the US, citing concerns over the discount carrier’s recruitment and employment policies. The unions said Breeze, an upstart domestic carrier founded by airline entrepreneur David Neeleman, violated age discrimination and diversity statutes with a plan to hire flight attendants solely through a ...

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Covid-19 crisis drives IndiGo to worse-than-expected loss

Bloomberg IndiGo, one of Asia’s biggest budget airlines, reported a wider-than-anticipated loss as passenger traffic shrank with the coronavirus tearing through India. The carrier, operated by InterGlobe Aviation Ltd, posted a loss of $157 million in the three months through March, its fourth quarter. That compared with a loss of 8.7 billion rupee a year ago. The average forecast from ...

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Tesco’s female workers get EU boost in fight over equal pay

Bloomberg Thousands of female Tesco Plc workers in the UK were handed a post-Brexit boost after the European Union’s top court said the bloc’s rules on equal pay for equal work can be invoked in supermarket pay cases. The UK’s largest retailer lost a ruling, which allows EU law to be taken into account when determining if predominantly female shop ...

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France loosens entry rules for vaccinated EU travellers

Bloomberg France will allow vaccinated travellers from the European Union to enter without showing negative Covid-19 tests starting from June 9, a move designed to ease travel before the traditional summer holiday season. The looser rules unveiled for one of the world’s top destinations will organise countries into three categories, with visitors from so-called “green” nations accepted with proof of ...

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Lululemon outlook tops sales estimates

Bloomberg Lululemon Athletica Inc posted first-quarter sales and an outlook for the full year that beat expectations as the company saw a pickup in brick-and-mortar traffic along with strong online sales. The yogawear company raised the annual guidance it issued in March. Revenue is now seen at about $5.825 billion to $5.905 billion this year, up from the previous range ...

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Hungarians target Orban on China in post-lockdown rally

Bloomberg Thousands demonstrated against a Chinese university’s planned campus in Budapest, saying the project reflects Hungarian Prime Minister Viktor Orban’s disregard for democratic values. Mayor Gergely Karacsony led the protest against the government-backed $1.8 billion plan, which has mobilised opposition supporters in the capital ahead of next year’s general election. The rally was the first opportunity for residents to protest ...

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Myanmar leader hosts Asean visit on peaceful resolution

Bloomberg Officials from the Association of Southeast Asian Nations completed a visit to Myanmar after two days of discussions with military leaders about the path to peace in the country, which has been in upheaval since the February 1 coup and violent suppression of pro-democracy protesters. Brunei’s Second Minister of Foreign Affairs, Erywan Pehin Yusof, and Asean Secretary-General Lim Jock ...

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Trump starts public re-emergence with focus on his grievances

Bloomberg Donald Trump began his public re-emergence with a rambling speech in which he aired longstanding grievances, highlighted his actions as president, and decried President Joe Biden and Democrats for undoing them. The former president spoke for about 90 minutes at the North Carolina Republican Party’s convention in Greenville. He’s expected to restart campaign-style rallies this summer, as Republicans look ...

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G-7 strikes deal to revamp tax rules for biggest firms

Bloomberg The Group of Seven (G-7) rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on US tech giants such as Amazon Inc and Facebook Inc. The agreement by the G-7 finance ministers in London satisfies a US demand for a minimum corporate tax rate of “at ...

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