Major US airlines posted big Q3 2023 profits, but their low-cost counterparts’ earnings suffered. Is this the beginning of the end of budget carriers? As prices rise across the globe, many Americans are looking to save money where they can, including travel. Yet the most recent slate of earnings reports from major US airlines indicates
Gasoline prices the biggest reason for the deceleration Canada’s consumer price index rose by 3.1 per cent in the year up to October, down from 3.8 per cent the previous month but in line with what economists were expecting. Statistics Canada reported Tuesday that the biggest reason for the deceleration in the cost of living
Changpeng Zhao will pay $50M US personal penalty Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion US settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million
Move comes after federal government claimed price stabilization is coming Grocery chain Sobeys is rolling out its annual price freeze on thousands of food items over the holiday season, and expanding it more than usual in the face of heightened consumer concern about inflation. It’s customary for grocery chains to hold prices steady as much
Arrangement starts in December, also applies to India and Gulf state travelers KUALA LUMPUR — Malaysia will allow visa-free entry to citizens from China, India and several Middle Eastern countries starting next month in a bid to increase arrivals and boost the economy. Prime Minister Anwar Ibrahim revealed the plan on Sunday at the closing
Dubai-based billionaire Balvinder Singh Sahni – popularly known as Abu Sabah – stresses that Dubai’s property market has not yet reached its peak. “Earlier, Dubai was receiving different types of investors mostly coming from 2-3 countries such as Iran, India, Pakistan and Britain. Today, there are real end-users. Now we have Russians, Italians, Germans, Americans,
‘Proactive policymaking comfortably cushions emirate from external shocks, S&P says Abu Dhabi’s net asset position has surged to about 336 per cent of its gross domestic product in 2023, which alongside “proactive policymaking” comfortably cushions it from external shocks, S&P Global Ratings said. Affirming ‘AA/A-1+’ sovereign credit ratings on Abu Dhabi, the rating agency said
McKinsey & Company’s report says MENAP fintech ecosystem is becoming geographically more diverse. The Fintech sector in the Middle East, North Africa, and Pakistan (MENAP) is experiencing robust growth, driven by evolving licensing regimes and increased investor funding, which increased by approximately 36 percent annually from 2017 to 2022, according to a report by McKinsey
Nissan and its partners have announced a £2bn plan to build three electric car models at its Sunderland factory. The Japanese firm will build electric Qashqai and Juke models at the plant alongside the next generation of the electric Leaf, which is already produced there. The scheme could help preserve the jobs of about 6,000
During the previous week, the Pakistan Stock Exchange had witnessed a bullish trend and hit its highest ever level The Pakistan Stock Exchange (PSX) continued to set new records, as the benchmark KSE-100 Index was hovering above the 59,700 level, a new intra-day record, during trading on Monday. At 2:15pm, the KSE-100 index was at
