Money
Qatar Airways voted world’s best airline
After two years of aviation turbulence, the Middle Eastern airline has still come out on top
Although the aviation industry has been in turmoil since the start of the pandemic, Qatar Airways has had another hit year.
The airline has claimed the pedestal for world’s best airline for the sixth year running, ranked by Skytrax, a review body that also grades the best airports.
Qatar Airways was also ranked first for five other categories including World’s Best Business Class, World’s Best Business Class Airline Lounge, World’s Best Business Class Airline Seat, World’s Best Business Class Onboard Catering and World’s Best Airline in the Middle East.
The airline’s CEO Akbar Al-Baker says the award is a great achievement and “fitting recognition” for the work invested in taking care of passengers.
“We never abandoned our loyal customers when they needed us the most, we continued flying to get people home and implemented stringent biosafety measures to provide strong reassurance for travellers, all while continuing to innovate to ensure we remain the airline of choice for millions of passengers across the globe,” says Mr Al-Baker.
The Skytrax World Airline Awards ranks companies based on their performance and quality, looking at 350 global airlines across 23 months, from September 2019 to July 2021.
Singapore Airlines was voted second, while Japanese company, ANA All Nippon Airways came third.
Skytrax CEO Edward Plaisted says Qatar Airways has maintained its high standards of innovation and service both throughout normal times and through the current global pandemic.
“To be named as the World’s Best Airline is a great recognition of Qatar Airways high standards, and to win this highest accolade for a sixth time is a remarkable achievement,” he says.
This comes as Qatar Airways group reported annual losses of $US 4.1 billion with operating losses shrinking to seven per cent.
Money
U.S. and China approve TikTok sale to American investors
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.
This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.
Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.
The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.
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Money
Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.
The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.
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Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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