Geneva / WAM The impact of the Covid-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organisation (UNWTO). The estimate is based on losses caused by the pandemic’s direct impact on tourism and …

Bloomberg Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd hasn’t flown any of its Boeing Co 737 Max jets for more than 27 months, after two …

Bloomberg A consortium led by Alibaba Group Holding Ltd and the Jiangsu provincial government are nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, according to people familiar with the matter, the latest domino to fall in Beijing’s effort to clean up its heavily indebted conglomerates. The unit, Suning.com Co, could …