Month: June 2022
Four-day week? These firms say they’ve nailed the new working model and profits are good
When Alice Will and her team at Edinburgh-based food and drink marketing agency Lux decided to trial a four-day working week back in January 2020, they chose not to tell clients as a way of testing its effectiveness. “If our clients don’t notice, then that’s a huge measure of whether it’s working … none of […]
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It’ll take two to three years for the aviation sector to recover from labor shortages, says Air Arabia CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Capital Connection Adel Ali, CEO of Air Arabia, discusses the need for more technical and operational expertise in the aviation sector. 02:12 an hour ago Source
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France’s Macron loses parliamentary majority, putting his economic reform agenda at risk
French President Emmanuel Macron might have been relieved after getting reelected in April — but his second term in office just got a lot more complicated. His Ensemble! alliance has lost its absolute parliamentary majority of five years following a second round of legislative elections. France’s President Emmanuel Macron speaks to fellow voters as he […]
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Airport chaos and delays are ‘isolated’ and not every airport is experiencing problems, says IATA
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Willie Walsh of the International Air Transport Association says that in the “vast, vast majority” of cases, flights are operating on schedule, without disruptions. Source
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‘Revenge travel’ is taking place throughout Asia-Pacific, says industry body
Subhas Menon of the Association of Asia Pacific Airlines says that because Asia-Pacific was the region that was closed for the longest period and with the most stringent Covid-19 restrictions, it will take some time before its travel demand returns to pre-pandemic levels. Source
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Russia’s ‘hostile activities’ could intensify this week, Zelenskyy warns; the West must prepare for war ‘to last for years’
Air force failures put pressure on Russia’s ‘exhausted’ ground forces, UK says Service members of pro-Russian troops on an infantry fighting vehicle in the town of Popasna in the Luhansk Region, Ukraine, on June 2, 2022. Alexander Ermochenko | Reuters Russia’s air force has underperformed and its failure to consistently deliver air power is likely […]
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Jokowi lays out his pitch for why Elon Musk should invest in Indonesia
Elon Musk, here seen at an event in New York in early-May, is being aggressively courted to produce his electric vehicles “end to end” in resource-rich Indonesia. Angela Weiss | AFP | Getty Images President Joko Widodo denied that Indonesia has turned protectionist during his tenure, saying the gates remain open to all players — […]
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The world can avoid a recession but it won’t think it can until it does, says David Roche
A “global recession depression” is unlikely to happen, but the world won’t think it can avoid one until it does, according to veteran strategist David Roche. “The likelihood is that the world is going to worry most about recession because what you’re describing is a lot of things going wrong at the same time, and […]
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European markets set for lower open as investors reflect on economic uncertainty
LONDON — European stocks are expected to open lower on Monday after a tumultuous trading week last week. The U.K.’s FTSE index is seen opening 15 points lower at 6,980, Germany’s DAX 28 points lower at 13,089, France’s CAC 40 down 37 points at 5,850, and Italy’s FTSE MIB down 73 points at 21,528, according to […]
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U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says
U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S. budget, on Capitol Hill in Washington, June 8, 2022. Jonathan Ernst | Reuters The recession that many Americans fear is coming is not “at all imminent,” Treasury Secretary Janet Yellen said Sunday. Talk of a […]
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