Cathay Pacific losses narrow as COVID-19 restrictions ease

Hong Kong airline Cathay Pacific Airways said yesterday that losses in the first half of the year narrowed as a relaxation in quarantine rules boosted passenger

German FinMin pitches usd10b tax cut plan to dampen inflation

Germany’s finance minister said yesterday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of

MGM embraces city’s heritage in mooncake box design

MGM embraces its hometown Macau this year in its mooncake gift box’s design by collaborating with Lok Hei, a local artist who is also the Creator and Executive

Churchill’s Table presents London-themed mooncake gift boxes

The Londoner Macao’s British-themed Churchill’s Table is marking the key cultural event by launching two limited-edition mooncake gift boxes for the first time, featuring mooncakes packaged in designs inspired by the famous London

Famed Japanese designer Issey Miyake dies at 84

Issey Miyake, who built one of Japan’s biggest fashion brands and was known for his boldly sculpted, signature pleated pieces, has died. He was 84.

Nonprofits launch USD100M plan to support local health workers

A new philanthropic project hopes to invest $100 million in 10 countries, mostly in Africa, by 2030 to support 200,000 community health workers, who serve as

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil

Alibaba striving to maintain US listing amid delisting fears

Chinese e-commerce firm Alibaba said yesterday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it

Korean firm’s USD22b investment will mean new US jobs, White House says

South Korea’s SK Group yesterday announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the

Microsoft blames economic woes for missing profit targets

Microsoft reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from

Alibaba to seek primary listing in Hong Kong, adding to NYSE

Alibaba, the world’s biggest e-commerce company by sales, announced plans yesterday to change the status of its shares traded in Hong Kong, making them more accessible

EU reaches deal to ration gas amid Russian cut-off fears

European Union governments agreed yesterday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of

Feds suing poultry producers over unfair worker practices

The Justice Department is expected to file a lawsuit against some of the largest poultry producers in the U.S. along with a proposed

MGM’s Emerald Villa wins top prize at International Property Awards

The Emerald Villa of MGM Cotai has won the 5-star accolade, the highest level of award, in the category of Best Hotel Interior Macau - Asia Pacific 2022

Netflix Q2 subscriber loss widens, but not as much as feared

Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video

Inflation surges to new 40-year high of 9.4%

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis.

Aviation faces hurdles to hit goals for cutting emissions

Airplanes are a minor contributor to global greenhouse-gas emissions, but their share is sure to grow as more people travel in coming years — and

Economics of war: Pain for Europe now, later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning

Inflation reached a new 40-year high in June of 9.1%

Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case

Economy shows unexpectedly strong growth in May

Britain’s economy showed unexpectedly strong growth in May, with the three major components of production— manufacturing, construction and services — all posting gains. The Office

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