According to local officials, between 3 p.m. Friday and 3 p.m. Saturday, Beijing recorded 78 locally transmitted verified COVID-19 cases. From April 22 through 3 p.m. Saturday, a total of 688 COVID-19 instances involving 15 districts had been recorded in Beijing. According to Pang Xinghuo, deputy head of the Beijing municipal disease prevention and control … Read more
HONG KONG: Hong Kong is set to resume international flights from the United States, Britain and seven other countries, the government said Monday as it announced a loosening of some of the world’s toughest Covid-19 restrictions. The finance hub has struggled to maintain China’s zero-Covid policy during an Omicron-fuelled outbreak. After the highly transmissible variant fuelled … Read more
PARIS: French energy giant TotalEnergies has rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared, a performance that raised political hackles in an election year in France. The company reported net profit of $16 billion (14 billion euros), the highest in at least 15 years, following a historic … Read more
LONDON: Airlines must operate more flights in Britain this summer as demand recovers from the pandemic or lose lucrative take-off and landing slots, the UK government warned on Monday. Carriers operating in Britain are currently using about 50 per cent of their slots as the sector continues to recover from the long-running Covid crisis. This … Read more
Over the past couple of decades, central banks in emerging markets have made substantial progress in developing the credibility to conduct countercyclical monetary policy. During the Covid crisis, many of these central banks not only cut interest rates sharply, but also deployed a range of tools to help restore market functioning, including asset purchases. And, … Read more
LONDON: Unemployment in Britain has fallen again, despite the end of a government scheme to keep millions of private-sector workers in their roles during the coronavirus pandemic, official data showed on Tuesday. The jobless rate, which measures the number of people out of work as a proportion of the working population as a whole, slipped to … Read more
