Money

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

Published

2 years ago

August 26, 2022

ticker NEWS

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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending