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Chinese airlines likely to follow multibillion-dollar US exit plan

Bloomberg The decision by five Chinese state-owned companies to leave US stock exchanges adds to skepticism that authorities in both countries can reach an agreement on disclosure rules, with analysts seeing state-controlled airlines as the next potential group to depart, possibly followed by internet giants. China and Hong Kong are the only jurisdictions worldwide that don’t allow inspections by the ...

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China Ikea shoppers panic as store locked down on Covid risk

Bloomberg Scenes of mayhem unfolded in an Ikea in Shanghai as health authorities tried to lock down the store and quarantine those on site after learning someone who had been in contact with a Covid-19 patient had visited. News of the flash shutdown sent shoppers fleeing and screaming in an effort to get out of the building before the doors ...

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Business travel not to hit pre-Covid level until 2026

  Bloomberg The recovery of global business-travel spending to the pre-pandemic level of $1.4 trillion has been pushed out 18 months to mid-2026 by inflation, economic slowing and high energy prices, the Global Business Travel Association is forecasting. The return to the 2019 level also is being slowed by supply-chain disruptions, labour shortages, lockdowns in China and the effects of ...

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