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If Hong Kong were just another Chinese city

US Secretary of State Michael Pompeo has said Hong Kong is no longer autonomous from China after a monthslong crackdown on pro-democracy protesters. This has paved the way for the Trump administration to strip the territory of some of its privileged trade status. But alas, if Hong Kong would have been just another Chinese city. Hong Kong is defined by ...

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Lufthansa bailout to trigger turf war from low-cost rivals

Bloomberg Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airport slots to appease regulators heralds heightened conflict between European aviation’s old guard and low-cost challengers. A rivalry that’s been simmering for years has been given fresh impetus by the coronavirus crisis, with former flag carriers falling back on government support as discounters including ...

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S Africa agrees to $1.2b national airline bailout

Bloomberg South Africa’s government provisionally agreed to allocate at least 21 billion rand ($1.2 billion) to the country’s embattled national airline to help repay debt and resume operations after the lifting of Covid-19 travel bans. The proposed package includes about 17 billion rand that will go towards repaying South African Airways (SAA) creditors, according to a draft copy of a ...

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