COVID-19
The release of pent-up demand in the travel industry is still underway, says Mastercard
David Mann of the Mastercard Economics Institute discusses the findings from its latest travel report. Source
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Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not […]
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For the first time since the pandemic, leisure and business flights surpass 2019 levels
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s third annual travel report, titled “Travel 2022: Trends & Transitions,” published yesterday. After analyzing 37 global markets, the report found that cross-border travel reached pre-pandemic […]
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Singapore Airlines has a ‘first mover advantage’ thanks to the country’s reopening: Industry expert
Greg Waldron, Asia managing editor of FlightGlobal, discusses the airline’s “dramatic” improvement in earnings. Source
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Air travel is making a strong comeback, but Asia is lagging behind, IATA says
International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International Air Transport Association (IATA). “Last year, international travel was at about 25% of where it was in 2019. First quarter of this year across the globe, it’s up […]
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Shanghai achieves ‘zero Covid’ status but normal life is weeks away
Residents line up to take nucleic acid tests on May 12, 2022 in Shanghai, China. Streets in China’s capital Beijing were quiet on Friday as residents heeded the advice of authorities to work from home to stop the spread of Covid-19, while officials in locked-down Shanghai said they aimed to defeat the virus this month. […]
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Shanghai says victory against Covid getting closer
Residents line up to take nucleic acid tests on May 12, 2022 in Shanghai, China. Streets in China’s capital Beijing were quiet on Friday as residents heeded the advice of authorities to work from home to stop the spread of Covid-19, while officials in locked-down Shanghai said they aimed to defeat the virus this month. […]
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Education is important, ‘but the money does not seem to add up,’ says UNESCO
The amount spent on financing education doesn’t match the view that education is important, said Priyadarshani Joshi, a research officer on UNESCO’s Global Education Monitoring Report team. Nobody would argue that education isn’t important, “but the money does not seem to add up,” Joshi told CNBC’s Squawk Box Asia last Friday as she spoke about […]
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Inflation hasn’t affected travel activity in Europe that much, says Indian hospitality firm
Mandar Vaidya of Oyo says that’s probably because of pent-up demand. Source
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North Korea officially reports first Covid-19 outbreak
North Korea officially confirmed its first Covid-19 outbreak on Thursday, with state media reporting a sub-variant of the highly transmissible omicron virus, known as BA.2, had been detected in Pyongyang. Kim Won Jin | Afp | Getty Images North Korea officially confirmed its first Covid-19 outbreak on Thursday, with state media reporting a sub-variant of […]
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