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Xi Jinping needs to bring Jack Ma back into the fold

  China’s tech moguls have been walking on eggshells. Jack Ma, founder of Alibaba Group Holding Ltd. and the nation’s most prominent entrepreneur, disappeared from public view after delivering a speech on China’s state-dominated banking sector just over two years ago. His blunt criticism infuriated President Xi Jinping. The fallout has been severe. Beijing abruptly pulled the $35 billion IPO ...

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Plane ticket bookings double in hour as China eases Covid rules

Bloomberg Bookings for flights into China doubled in the hour after the government announced an easing of restrictions for inbound travellers, including shorter quarantine, Ctrip.com said. Inbound reservations on the online travel agent’s platform were twice as high as the same hour, while international flight searches increased 200%, according to a statement on Friday. Among other measures, mandatory hotel quarantine ...

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Pilot complacency blamed for Indonesia jet crash that killed 62

Bloomberg Sriwijaya Air Flight 182’s engine control system malfunctioned minutes after takeoff, leading to a crash that killed all 62 people on board in January last year, the Indonesian investigators concluded. Pilots failed to control the Boeing Co. 737-500 when one of its automated engine throttle levers began losing power, causing the plane to roll onto its side and plummet ...

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