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  • WORLD

    Europe tightens curbs with economic toll worsening: Virus update

    Published on 17/03/2020

    » Governments in Europe tightened curbs on free movement to stem the outbreak and are exploring ways to ease the financial impact. US Treasury Secretary Steven Mnuchin is rallying Senate Republicans to quickly pass the House package of economic measures. Goldman Sachs Group now expects China’s economy to contract by 9% in the first quarter and Hong Kong’s jobless rate rose to a nine-year high. The Philippines became the first country to shut its markets in response to the widening coronavirus outbreak and some regulators in Europe banned short selling. US equity futures and European stocks reversed gains.

  • ADVANCED NEWS

    Global airline industry: Unprofitable

    Jon Fernquest, Published on 13/02/2012

    » Thai Airways will lose money this year like many other airlines, only the 2nd time in its 51-year history. Airlines are rarely very profitable businesses.

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