China’s slowest population growth in decades may be felt more acutely beyond its borders than within them. The economy will keep humming and incomes can continue to climb, albeit at a slower rate. The rest of us, however, will need to adjust to a persistently slacker pace of global expansion and the prospective ebbing of deflationary pressure. The caricature of ...
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Colombia’s tax reform protests is a warning
Over the last two weeks, protests against a tax reform proposed by the Colombian government have left dozens of people dead, injured hundreds more, and brought much of the country to a standstill. At least 15 people have been killed in Cali, Colombia’s third-largest city, where more than 10,000 troops and police officers are fighting rioters who’ve barricaded the main ...
Read More »The CDC’s new mask rules leave kids out
The US Centers for Disease Control and Prevention (CDC) made waves when it announced last week that vaccinated people can doff their masks. But one group of people has no hope of doing so: kids, for whom vaccines are still largely not authorised by the Food and Drug Administration. Only the Pfizer shot is authorised for kids as young as ...
Read More »Philippine Air mulls Chapter 11, in talks to reduce its fleet
Bloomberg Philippine Airlines Inc is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the US to carry out a restructuring, according to people familiar with the plan. The airline could return at least two Airbus SE A350s to lessors and four of the 10 Boeing Co. 777s ...
Read More »Go Air seeks approval for $490m India IPO
Bloomberg Go Airlines India Ltd, a no-frills carrier controlled by the Wadia Group, has sought approval from India’s markets regulator to raise as much as 36 billion rupees ($490 million) through an initial public offering. The company may consider a pre-IPO share issue of as much as 15 billion rupees, the airline said in its prospectus, adding the IPO size ...
Read More »Delta to require ‘that new hires be vaccinated against Covid-19’
Bloomberg Delta Air Lines Inc will require that new hires be vaccinated against Covid-19, aiming to protect employees and customers as demand for domestic air travel continues to climb. The carrier has “made great progress to achieve herd immunity,†a trajectory it wants to maintain with the new standard, Delta said. Vaccination isn’t required for current workers, though more than ...
Read More »Boeing jumps after FAA clears repair plan for return of 737 Max
Bloomberg Boeing Co jumped after regulators signed off on repairs that would end a temporary grounding of newer 737 Max models, clearing the way for the planemaker to resume deliveries of a jetliner crucial to its financial turnaround. The planemaker sent two service bulletins to 737 Max operators, providing instructions to repair a flight-deck electrical issue that sidelined 106 Max ...
Read More »Vietnamese agency seeks airport in disputed island
Bloomberg Vietnam’s Civil Aviation Authority is proposing the construction of an airport in the disputed Spratly Islands, Thanh Nien newspaper reported. The aviation agency seeks to include a Spratlys airport in the transport ministry’s 2021-2030 master plan, Thanh Nien reported, citing the proposal sent to the ministry. The aviation agency’s May 10 proposal also includes airports on non-disputed islands of ...
Read More »Canada Goose falls on spending plans
Bloomberg Parka maker Canada Goose Holdings Inc struck an upbeat tone for the coming year, with plans to add 10 stores, launch a footwear line and spend more on marketing, all while forecasting record revenue. With no tourism recovery in sight and spending plans putting pressure on margins, investors flinched. The Toronto-based company reported fourth-quarter earnings that beat analysts’ forecasts, ...
Read More »New DUP leader calls for unity in fight for Brexit protocol
Bloomberg Edwin Poots, the newly elected leader of Northern Ireland’s Democratic Unionist Party (DUP), called on his supporters to fight against a Brexit deal that has angered unionists and given fresh impetus to calls for a united Ireland. Poots’s victory over rival Jeffrey Donaldson by 19 votes to 17 comes ahead of an expected summer of heightened tension in Northern ...
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