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U.S. responds to China airline ban with one of its own

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2 years ago

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The U.S. will suspend 26 flights travelling to China in response to an earlier ban by Beijing

Four Chinese airline carriers will be affected by a U.S. suspension, after Beijing raised concerns over Covid-19 cases.

Washington’s decision will impact Air China, China Eastern, China Southern, and Xiamen Airlines.

It follows Delta, American and United Airlines being suspended by the Chinese Government.

The Chinese Embassy in Washington says the U.S. ban is “extremely irresponsible” and is based on groundless claims.

“China will stay in touch with all sides and properly handle personnel exchanges with the rest of the world under the special circumstances.”

CHINESE Ministry of Foreign Affairs

However, the U.S. Department of Transport believes China’s Covid-19 rules place unfair responsibility on travelling passengers.

“We, therefore, conclude that the public interest now requires a further modification, effective immediately, of Order 2020-6-1, to limit Chinese carriers’ scheduled services accordingly,” the Department said.

Some flight-goers are believed to be testing negative before departure and then testing positive on arrival into China.

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What to expect for IPO markets

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22 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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