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Cathay Pacific witnesses a discount path to survival

For an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal. No wonder Cathay Pacific Airways Ltd is struggling. Just four months after receiving a HK$40.95 billion ($5.3 billion) bailout package from Hong Kong’s government, the carrier is planning to cut a quarter of its workforce and close the Cathay Dragon ...

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Europe takes Swedish turn on virus

Last spring, as the first wave of the Covid-19 pandemic swept through Europe, Sweden became the continent’s controversial exception on how to tackle the virus. As other countries — from Italy to the UK — enforced draconian lockdowns, the Swedes went for a light touch. That sparked outrage among people concerned by a seemingly cavalier approach to the death toll ...

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Who said Jack Ma’s Ant IPO is a money maker?

Optimism is in the air. People are lining up like ants for what might be the world’s biggest initial public offering. But who says buying into Jack Ma’s Ant Group Co is a sure win? No doubt, the Chinese fintech giant is a rare gem, boasting enviable sales growth and profitability. Yet making money off hot IPOs is a delicate ...

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