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Garuda Indonesia leads list of world’s most on-time airlines

Bloomberg As Covid-19 pandemic restrictions are eased and airlines rebuild flight capacity, the performance of the world’s carriers is again falling under the scrutiny of analysts and passengers alike. So which airlines are whizzing people around the world on time? And which are the laggards of the skies? The most punctual global airline of 2022 was Garuda Indonesia, according to ...

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Boeing’s flurry of deliveries spurs best month in four years

  Bloomberg Boeing Co closed 2022 with its best month of deliveries in four years, buoying the planemaker’s cash and signalling that its recovery is gaining momentum. The company said that it handed over 69 jets in December — including 54 from its cash-cow 737 family — and recorded 250 gross orders. The performance gave Boeing 387 deliveries of the ...

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UK police investigate uranium package seized at Heathrow

  Bloomberg British anti-terror police are investigating after a package contaminated with traces of uranium was detected during routine checks at London’s Heathrow airport. A “very small amount” of contaminated material was identified during the scan of a package that arrived at the hub on December 29. Border Force officers then contacted the Counter Terrorism Command of the Metropolitan Police, ...

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Retail store associates have worst job in US

  Bloomberg Retail store associates have the worst job in the US right now as the industry faces a series of post-pandemic headwinds, a US News & World Report analysis found. The magazine ranked 190 jobs across 17 categories on criteria including growth potential, work-life balance and pay. Retail salespeople ranked lowest, with a median salary of just $29,120 in ...

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Japanese feel the worst off since 2010 as inflation bites

  Bloomberg More than half of Japanese households said their livelihoods have worsened in a Bank of Japan survey, sending a clear signal that the hottest inflation in four decades is eating into people’s confidence. Some 53% of households said their economic livelihood has worsened compared with a year ago, the highest percentage in almost 13 years, according to the ...

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Billionaire Arnault taps daughter to run Dior amid shuffle

  Bloomberg Bernard Arnault named his daughter Delphine to run LVMH’s second-biggest brand, Dior, the latest step by the 73-year-old billionaire to elevate his children to key posts in his luxury empire. The appointment comes a month after Antoine Arnault, the eldest son, was given a wider role in the business, replacing Sidney Toledano as chief executive officer and vice ...

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Cost-of-living, debt crises top immediate risk for Davos elite

  Bloomberg The threat of recession, the cost-of-living crisis and mounting debt distress will dominate the global economy in the next two years as it struggles to move on from the pandemic and war in Ukraine, according to a survey by the World Economic Forum. Its Global Risks Report, an annual poll of 1,200 government, business and civil society professionals ...

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Barratt warns it may build fewer homes

  Bloomberg Barratt Developments Plc has seen a sharp slowdown in sales rates as high borrowing costs and the threat of a house price plunge combine to undermine the UK property market. The average number of weekly private sales at Barratt’s sites has more than halved, leading the firm to warn that it could deliver fewer homes than currently expected, ...

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Elon Musk’s Tesla hype machine breaks down

Bloomberg For years, Elon Musk paid zero dollars for traditional advertising while almost singlehandedly keeping Tesla — and himself — front and center. With a never-ending stream of tweets, television and podcast appearances and livestreamed product events, the electric-vehicle maker and its billionaire CEO dominated news cycles and occasionally went viral. Musk was a veritable hype machine, and his knack ...

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