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Airline resumes flights to Russia, despite war

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Wizz Abu Dhabi will resume flights to Russia from October 3, despite global warnings

Wizz Abu Dhabi has confirmed it will resumes its flights to Russia from October 3, despite the war in Ukraine.

The budget airline says ‘passenger demand’ is the main reason behind putting Russia back on their destination list.

“Wizz Air Abu Dhabi is a national UAE carrier that operates in line with the UAE’s national regulations and policies…

The airline is resuming its operation to Moscow to meet travel demand for passengers wishing to fly to and from Russia from the UAE capital…

All UAE national airlines are currently operating direct flights to Russia...

Wizz Air Hungary and Wizz Air UK are not currently operating flights to Russia.”

wizz air statement

As the war in Ukraine moves into its sixth month, countries around the world continue to condemn Russia’s atrocities.

Immediately following Russia’s invasion of Ukraine, international businesses boycotted the country and world leaders economically isolated them from the global stage.

Most sanctions against Russia are still in place and will remain that way until Russia ceases its war in Ukraine.

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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A British digital currency “later this decade”

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The Bank of England and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency later this decade.

“On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future,” the Telegraph quoted BoE Governor Andrew Bailey and finance minister Jeremy Hunt as saying in the joint report.

“It is too early to commit to build the infrastructure for one, but we are convinced that further preparatory work is justified,” the Telegraph quoted the report saying.

The BoE declined to comment on the Telegraph article, but said a joint consultation on CBDC issues would be published shortly.

A government source said the report would be published next week.

BoE Deputy Governor Jon Cunliffe is due to give a speech on Tuesday to update the finance industry on the BoE’s CBDC work.

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Business

Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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Business

The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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