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Covid variants: How worried should we be?

Lisa Jarvis Some rather alarming headlines recently circulated about the newest members of the omicron family. “Nightmare Covid variant,” read one. “The most immune-evasive Covid variants yet.” Or, as one would-be pandemic influencer said in a tweet shared thousands of times: “MOTHER OF GOD… #COVID variants worse than CDC has been admitting.” Apparently, it’s spooky season for Covid variants. Or ...

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Singapore Airlines not to fire pregnant flight attendants

Singapore Airlines Ltd said pregnant cabin crew can remain employees, reversing a longstanding and much-criticised rule that they leave the airline. Responding to a Straits Times article, Singapore Air said pregnant cabin crew “may choose to work in a temporary ground attachment” and can resume flying duties after maternity leave. Before the new rules, which took effect on July 15, ...

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Qantas Airways was 11 weeks from collapse at worst of pandemic: CEO

Qantas Airways Ltd came within 11 weeks of financial collapse at the height of the pandemic when travel came to a standstill and the airline continued to haemorrhage cash, Chief Executive Officer (CEO) Alan Joyce said. At a lunchtime speech in Sydney on Monday, Joyce said that in early 2020 he was receiving weekly reports from his finance team that ...

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Philippines shuts No 2 airport after Korean Air plane overshoots runway

The second-biggest airport in the Philippines has been closed after a Korean Air Lines Co. plane overshot the runway when trying to land in poor weather. While no one was injured in the incident that occurred, and the 162 passengers on board were safely evacuated, the runway at the Mactan-Cebu International Airport has been closed to allow the badly damaged ...

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US holiday air travel to be more turbulent than summer’s frenzy

The US travel industry expects this holiday season to be busy enough to make last summer’s turmoil seem orderly. Airport officials and industry analysts say passenger traffic for the November 24 Thanksgiving holiday through New Year’s is set to reach or exceed 2019 levels, when 93 million people packed US flights. This summer, the desire to resume vacationing and visiting ...

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US allies fear Trump whiplash, eye midterms for political clues

America’s closest allies are nervously watching US midterm elections for any signals that voters could return Donald Trump to the White House in two years, with foreign officials fanning out to battleground states for meetings to collect information that might help avoid a 2016-like shock. Officials from Europe and Asia are flying from their home countries to augment the traditional ...

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Korean border tensions heat up with warning shots near sea line

The two Koreas fired warning shots at each near a nautical border after Seoul said a merchant vessel from its neighbor crossed the line, adding to a recent series of provocations along one of the world’s most militarized boundaries. South Korea’s military said it fired warning shots after the North Korean vessel violated the western sea border at 3:42 a.m. ...

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Credit strains prompt Seoul to revive $1.1 billion bond fund

South Korea is redoubling efforts to shore up the local credit market as yields surge to decade highs and default risks spread, extending efforts to support markets after the country already stepped in earlier this year to slow a tumbling won. Authorities will swiftly resume buying corporate debt via a 1.6 trillion won ($1.1 billion) bond stabilisation fund established at ...

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India pushes for $7.7b value for IDBI Bank in stake sale

India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd. in what could be the biggest sale of the government’s stake in a lender in decades, according to a person familiar with the matter. The government earlier this month invited bidders for a 60.72% stake in the Mumbai-listed lender. The valuation target ...

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Deutsche Bank pledges to cut emissions from loans to oil, gas

Deutsche Bank AG has given its clearest indication yet of how it plans to deliver on the commitment it made last year to reach net-zero financed emissions by 2050. Germany’s biggest bank said in a statement that it will “significantly” reduce its so-called Scope 3 emissions, which are also known as financed emissions, by 2030 and announced a set of ...

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