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Tourism-starved Hong Kong to give away 500,000 air tickets

  Bloomberg Hong Kong will hand out 500,000 air tickets to bring in much-needed visitors as part of a global publicity campaign. The city’s leader John Lee announced the giveaway at the launch of the Hello Hong Kong campaign at a briefing, saying it was “probably the world’s biggest welcome ever.” Lee highlighted a number of events coming up including ...

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Bed Bath & Beyond missed interest payments on bonds

  Bloomberg Bed Bath & Beyond Inc., the financially strapped home-goods retailer, missed interest payments on its bonds, a week after receiving a default notice from lenders. The retailer failed to make payments on notes that total more than $1 billion, a spokeswoman said in an emailed statement. The default means Bed Bath & Beyond has entered a 30-day grace ...

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Finnair scraps in-flight duty free sales as on-board shopping fades

  Bloomberg Finnair Oyj will stop selling amenity kits, and other popular Finnish products on board its aircraft by the end of the month, reacting to slowing demand for in-flight shopping. The move has the added benefit of reducing the overall weight of the aircraft, Finnair said, at a time when carriers are seeking to cut their fuel bills. In-flight ...

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