Chinese Airlines Are Preparing To Take Advantage Of The Border Opening

Analysts predict that Chinese airlines will be the early winners of the country’s international reopening, having kept most widebody planes and personnel ready while foreign carriers struggled with capacity constraints following previous border openings. According to a McKinsey analysis of Cirium data, less than one-fifth of China’s widebody fleet of about 500 planes is in…

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Risk Of A Terrifying New Covid Variant In China Is ‘Quite Low,’ According To A US Health Expert

According to Dr. Chris Murray, director of a health research center at the University of Washington in Seattle, a dangerous new Covid-19 variant is unlikely to be spreading in China. His remarks come after US health officials warned earlier this week about the possibility of a new Covid variant emerging in China’s nationwide outbreak —…

Most Chinese Consumers Are Extremely Cautious When Going Out, According To A Survey

Despite the relaxation of Covid-related restrictions, the majority of Chinese people still don’t want to leave their apartments, according to a survey by Oliver Wyman. According to a survey conducted over the weekend, more than 90% of consumers said they were staying home. For at least the upcoming few months, nearly 60% of respondents said…

Infineon’s CEO Says The Company Is Prepared To Spend Billions On Acquisitions

As it looks for acquisitions to accelerate growth, Infineon is prepared to spend several billion euros on the ideal takeover target, according to Chief Executive Jochen Hanebeck in an interview that was published on Wednesday. Hanebeck told Frankfurter Allgemeine Zeitung that the German chip manufacturer is constantly “on the lookout” for suitable businesses (FAZ). “I…

Tesla Employees Should Not To Be “Bothered By Stock Market Craziness,” According To Musk

Elon Musk, the CEO of Tesla Inc., advised staff not to be “bothered by stock market craziness” after the company’s shares dropped nearly 70% this year due to concerns about waning interest in electric vehicles and Musk’s diversion from running Twitter. Musk expressed his opinion that Tesla will eventually be the most valuable company on…

Hungarian Pharma Giant Richter Anticipates Windfall Taxes Of $74.44 Million In 2022

Richter, a Hungarian pharmaceutical company, said on Tuesday that it anticipates paying an additional 28 billion forints ($74.44 million) in taxes this year due to tax increases on large corporations implemented to close budget gaps. The government of Prime Minister Viktor Orban declared on Friday that a windfall tax imposed on pharmaceutical companies based on…

Italian Farmers Condemn The Sale Of Food Products With Mafia Themes Abroad

The largest farmers’ organization in Italy is fighting the “scandalous” use of mafia terms to market a range of food and beverage items around the globe, including Cosa Nostra whiskey and Chilli Mafia tomato sauce. After conducting a thorough investigation, Coldiretti found that nearly 300 restaurants outside of Italy have names inspired by the mafia,…

Woolworths Has Taken A Controversial Decision To Bring In Hot Cross Buns Earlier Than Scheduled

Woolworths has announced that hot cross buns will be arriving on shelves a little early now that Christmas Day has officially passed. The announcement has some customers incensed. Even though the holiday is still more than three months away, Woolworths has announced that hot cross buns with Cadbury Caramilk chips, which are only available in…

Twitter Brings Back Its Suicide Prevention Tool

After Elon Musk, the CEO of Twitter, received criticism for removing a feature that promoted suicide prevention hotlines and support groups, Twitter has reinstated it. The #ThereIsHelp feature listed contacts for organizations in numerous nations that dealt with mental health, HIV, vaccines, child sexual exploitation, Covid-19, gender-based violence, natural disasters, and freedom of expression, and…