Pandemic Financial News

London/Singapore | Airlines are struggling to convince investors to back the travel recovery despite reporting booming profits and splurging tens of billions of dollars on new planes.

Virgin Australia has dodged the threat of disruptive industrial action from ground staff during the peak Christmas period, agreeing to a pay deal that will deliver some workers pay rises as high as 20 per cent in the first year.

– By Pankaj Narang

London, — Veteran filmmaker Ridley Scott likens working with Oscar-winner Joaquin Phoenix to «a toboggan ride». The 'Gladiator' director and star reunited after more than two decades to make the upcoming Napoleon Bonaparte biopic 'Napoleon', which premiered in London on Thursday. «It was exactly the same,» Scott said of working with Phoenix, jokingly adding «I like stress,» when asked what he liked about his leading man. The film portrays Napoleon, a historical figure both revered and criticised in France, as a ruthless military tactician whose softer, vulnerable side was uncovered by his wife Josephine, played by British actress Vanessa Kirby. In addition to collaborating with Phoenix, Scott said he also wanted to return to a theme he first explored in his feature film debut in 1977. «In 'The Duellists' I end on Napoleon Bonaparte. That's the reason why.

India's top five flexible workspace providers are expected to post 30-60% growth in revenues this financial year, thanks to a surge in demand with companies calling employees back to the office. WeWork India, Smartworks, Awfis, Table Space and IndiQube — which contribute more than half of the domestic flexible workspace industry — are also looking to add 12 million sq ft in the next financial year even as SoftBank Group-backed startup WeWork filed for US bankruptcy protection earlier this month.

Inflation has reached its lowest point in two and a half years. The unemployment rate has stayed below four per cent for the longest stretch since the 1960s.

Last week, the government reported that consumer prices didn't rise at all from September to October, the latest sign that inflation is steadily cooling from the heights of last year. A separate report showed that while Americans slowed their retail purchases in October from the previous month's brisk pace, they're still spending enough to drive economic growth. Even so, according to a poll last month by The Associated Press-NORC Center for Public Affairs Research, about three-quarters of respondents described the economy as poor.

Anantha Nageswaran has said that startups will play an important role in India achieving its developmental aspirations and becoming the third largest economy in the world, PTI reported Sunday. Speaking on the concluding day of the Huddle Global 2023 organised by the Kerala Startup Mission (KSUM), Nageswaran said the tier-2 and 3 cities, including Thiruvananthapuram, have become game-changers in helping startups flourish in the country due to improvements in infrastructure and supportive policies of the respective government, a KSUM release said.

LONDON (Reuters) -British finance minister Jeremy Hunt said on Sunday that he would not implement tax cuts that would push up inflation, days before he announces a major budget update that is widely expected to contain tax cuts.

Treasurer Jim Chalmers will be keeping his fingers crossed that the disinflation that is now sweeping major global economies will soon make itself felt in Australia.

critical minerals that, among other things, are key to transitioning to clean energy with some prodding from the US in the run-up to Prime Minister Narendra Modi's state visit. The major factors aiding India's induction into this group included the sheer size of its market, criticality in meeting the global goals for mitigating greenhouse gases and, as the voice of the Global South, a phrase used for less developed and developing countries. The Minerals Security Partnership, as the group founded in June 2022 is called, seeks to offer an alternative to China's dominance in mining and processing critical minerals such lithium, cobalt, copper and others. Lithium is a key component of batteries and demand for it is estimated to go up by more than 40 times in view of the large-scale transitioning to electric vehicles of all kinds — cars, buses and two-wheelers — over the next couple of years. Australia, a member of the MSP, is the largest producer of this mineral and China is the third largest. These countries want to put together a supply chain in critical minerals — from exploration to mining to processing to distribution — that is safe from disruptions, the kind triggered by unforeseen events such as the Covid-19 pandemic, or manipulation by monopoly majority stakeholders. Geoffrey Pyatt, the US Assistant Secretary of State for Energy Resources, set the conversation rolling during a visit to India prior to the Prime Minister's visit. Though he wouldn't say that this was like an «American demand», he said this when asked if India sought membership of the group or it was persuaded to join it. «We were both pushing on an open door.

Flight Centre chief executive Graham “Skroo” Turner was nursing the after-effects of a cold last week at the global travel agency’s annual general meeting.

AMP Bank has become the first bank to increase interest rates for existing customers by more than the Reserve Bank of Australia’s latest cash rate rise, as it tries to turn around shrinking profit margins on home loans.

But then, Covid struck. As governments around the world enforced lockdowns, football scholarship plans suffered. But even when lockdowns started easing and athletes resumed hitting the turf, things couldn’t be back to the way they once were.

placement season. “It’s quieter this time,” said Sudhir Yadav, proprietor of a photocopy centre within the campus of a tier-2 engineering college in Pune.

Singapore startups less than gung-ho about adding to the city’s 18,000-strong fintech workforce. However, it may not be a bad time to look for jobs in the Asian financial center. Rivals like Hong Kong and Abu Dhabi are hungry for qualified professionals.

insurance companies would support Russian oil exports only if the export price was at or below $60 a barrel. The US stopped importing Russian oil altogether. According to Brugel, a Brussels-based European think tank, the EU used to account for nearly two-fifths of Russian oil exports, even as Russia accounted for 13% of global oil exports in 2021, the year before the war.

The top health official in one of Michigan’s largest counties is asking a judge to uphold a $4 million settlement in exchange for her resignation

Lawyers for the first person to be charged under Australia’s foreign interference laws have told a court that a hospital donation made through a federal government minister was not a covert attempt to curry favor on behalf of the Chinese Communist Party

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₹100 crore loan taken from City Union Bank in 2012 when the airline was under Maran’s control, but the payment was never made, resulting in losses. SpiceJet repaid the loan completely in June this year. It also sought to overturn a single bench order in July that upheld the validity of an 2018 arbitration award in favour of the Marans.